Tesla just finished their Q2 earnings call, and CEO Elon Musk mentioned that the price of FSD Beta might be going up (again) by the end of this year.
Improved Framerate
FSD Beta has arguably gotten better over the years as Tesla has trained its neural nets and deprecated old ones. Musk stated that they will continue deleting older neural nets to improve the frame rate, which is currently 24fps. Removing the older neural nets will allegedly increase the frame rate up to 36fps.
This should allow for smoother interactions, especially when driving faster. Right now if you're driving 60 MPH, you're moving at a rate of 88 feet per second. If the car is interpreting 24fps, then it's analyzing its environment about every 3.6 feet.
Increasing the framerate to 36fps would lower this to about 2.4 feet, resulting in the vehicle having smoother reactions to its environment.
Musk explains this at the 27-minute mark in the Q2 earnings call.
FSD Beta Price Increase?
Musk has said that as it enhances its software feature set the price will continue to rise. They upped the price to $12,000 of FSD Beta earlier this year, up from $10,000, months before adding additional testers.
It’s difficult for some EV consumers to justify $12,000+ for non-physical features, which is why Tesla offers a subscription program for FSD. Musk didn’t clarify during the earnings call if the price of the subscription program would increase as well, but he did say that FSD is “currently ridiculously cheap.”
“The value of FSD is extremely high and not well understood by most people,” said Musk during the call. “It is basically currently ridiculously cheap, assuming FSD materializes, which it will.”
If Musk thinks FSD’s current price tag of $12,000 is ridiculously cheap, we can assume that FSD will most likely become quite more expensive over the next 5-10 years, especially as Tesla continues to collect more data from its fleet and add new features.
The EV automaker plans to push FSD Beta to all owners who purchased or subscribe in North America by the end of this year.
Many owners have requested that Tesla allow for the transfer of FSD and Autopilot purchases to future vehicles they purchase. All vehicles are delivered with the FSD hardware, and Tesla simply software locks them, which allows owners to buy FSD at any point after purchase.
This becomes more pressing for owners who are upgrading their vehicles.
FSD Beta Stats
Tesla also revealed how many FSD Beta testers they currently have. According to their 2022 Q2 earnings report, Tesla now has more than 100,000 drivers using FSD Beta across North America.
FSD Beta has now been driven for 35 million miles
Tesla
In the investors' report, Tesla also showed that there have now been more than 35 million miles driven with FSD Beta, more than any other automaker.
“We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025”. This was one of the key sentences that were part of Tesla’s deck shared on Tuesday directly before its financial results.
Since Reuters’ report a few weeks ago saying Tesla had “scrapped” the highly expected cheaper model— which Elon quickly denied on X —retail and institutional shareholders started asking for more details on Tesla’s product roadmap for 2024 and beyond.
In the earnings conference call, Elon Musk reiterated that Tesla expects to launch the next model in “early 2025, if not late this year”.
“We've updated our future vehicle lineup to accelerate the launch of new models ahead of previously mentioned start of production in the second half of 2025. So, we expect it to be more like the early 2025, if not late this year. “
Over concerns of temporary production halts to update the factories for these new models, Musk said that Tesla will produce new models with certain aspects from their next-generation platform and current models. This will reduce the number of changes needed on production lines and allow Tesla not only to ramp up production faster but also to get the vehicles to market quicker.
Model Y Redesign
Tesla appears to hit that their next-gen vehicle will be less “next-gen” than they were initially aiming for, but to get a new vehicle out the door by late 2024, the process would already have to be in motion. Tesla may likely be referring to the redesigned Model Y, which is expected to reuse many parts from the new Model 3. Earlier this year, Tesla said that the redesigned Model Y will not be released this year, so it makes sense that they’re looking to speed up that production.
Tesla CEO concluded by saying that these measures will allow Tesla to reach a capacity of over 3 million units. Tesla produced 1.84 million vehicles in 2023. However, this year they’re ramping up Cybertruck production and introduced the new Model 3 into new markets.
And we think this should allow us to get to over 3 million vehicles of capacity when realized to the full extent.
Tesla reported on Tuesday its earnings results followed by a conference call where it teased its upcoming Robotaxi and its next-generation platform saying its “purpose-built Robotaxi product will continue to pursue a revolutionary ‘unboxed’ manufacturing strategy”.
Earlier in the day, Tesla announced the new Performance variant of its sedan Model 3 with deliveries in the United States starting already next month. The new version starts at $45,490 (after applying the $7,500 Federal EV tax credit) and goes from 0 to 60mph in 2.9 seconds.
On Tuesday Tesla reported its earnings results followed by a conference call that brought several updates on the company’s roadmap for future vehicles, autonomous driving, Optimus and much more.
While answering a question from Goldman Sachs analyst Mark Delaney about updates on the licensing of Tesla’s Full Self-Driving (FSD) technology, Elon Musk said they’re talking to one major auto manufacturer and there’s “a good chance” the company signs the first deal before year-end. However, he went on to say that it would probably be three years before the necessary changes are integrated into the car.
I think we have a good chance we do sign a deal this year
Brings Benefits to Tesla
The technology would require other automakers to start using the same cameras and hardware as Tesla, meaning that Tesla may not only generate money from licensing FSD but also from selling the hardware itself. However, there would be other benefits as well. When licensing FSD, Tesla would likely own the data gathered with the system well, further helping them with data and edge cases that need to be solved to reach full autonomy.
people don't understand all cars will need to be smart cars… Once that becomes obvious, I think licensing becomes not optional.
Tesla’s Chief Financial Officer Vaibhav Taneja commented pointing out that future partners “take a lot of time in their product life cycle” resulting in a gap between the deal signing and the arrival in the market of Tesla’s FSD software.
Miles Driven With FSD
On the conference call, Musk added that Tesla now has over 300 million miles that have been driven with FSD v12 since it was launched just last month. He added that it's becoming “very clear that the vision-based approach with end-to-end neural networks is the right solution for scalable autonomy”.
Tesla said it will continue to increase its “core AI infrastructure capacity in the coming months” adding that in the first quarter, it completed the transition to hardware 4.0 with China now receiving the upgraded FSD computer and cameras.
Over the weekend, Tesla reduced the price of FSD dropping it from $12,000 to $8,000 for customers in the United States and from CA$16,000 to CA$11,000 in Canada.
Earlier this month, Tesla implemented a 50% price reduction for FSD subscriptions in the U.S. and introduced the subscription model in Canada at a great value of CA$99 per month.
TeslaFi logs your drives and charging sessions, letting you keep a log of your vehice's activity. We highly recommend checking them out if you use your car for business trips and would like to keep track of reimbursements, if you like to see how much you spend on charging or if you just love statistics. Visit their site and see everything they have to offer!
Tesla Android Project enables you to run Android apps in your Tesla. The platform is Open Source and you can deploy it on your own Raspberry Pi 4. Consider supporting the initiative by donating or purchasing the Compute Module 4 Bundle that delivers the best experience. Get $20 off by using the code: NotATeslaApp
The official Tesla app only notifies you if your car is broken into. By installing Sentry Pro on your phone, you will be notified for all Sentry Mode events. Stay connected and avoid potential surprises by receiving notifications. Stop constantly checking the cameras to ensure safety. Check only when necessary, save battery and get peace of mind. Get a 7 day free trial here!
Stay organized, connected, and stylish with Cyberbackpack — the #1 backpack, luggage & travel accessories for Tesla owners. We highly recommend checking them out if you commute or travel and would like a backpack or luggage that is sleek, secure and durable. View their products page and see everything they have to offer!
![Tesla Adds HEPA Filter to New Model 3, Will it Get Bioweapon Defense Mode? [Update: Tesla Edits Post]](https://www.notateslaapp.com/images/news/2023/new-model-3-hepa-filter_300w.jpg)
![First Look at Tesla's V12 User Interface, Full Screen Visualizations and New Media Player [Updated: Photos and Video]](https://www.notateslaapp.com/img/containers/article_images/tesla-screen/tesla-ui-v12.jpg/783c9a19cfdf9e07cb8084b283328be0.jpg)
