On February 2nd, Sandy Munro caught up with Elon Musk to discuss all things Tesla, including the future of Autopilot, new batteries and short-selling. In this almost 50-minute interview Elon really shines and you can see why Tesla does so well. He has a deep understanding about every aspect of the business and a clear direction of where they’re headed.
You can watch the full interview below:
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Tesla's Model Y is the world's best selling car in Q1 of 2023
Tesla
The Tesla Model Y made a monumental leap in Q1 2023, emerging as the world's best-selling car. Not just the best-selling EV, or the best-selling SUV, but the world's best-selling vehicle, period.
According to industry analysts JATO Dynamics, this marks the first occasion in history where an EV has claimed this title. The growth trajectory of Model Y sales globally over recent years had hinted at this milestone, fulfilling Tesla's earlier predictions that demand could reach a million units per year.
JATO Dynamics' Revealing Analysis: Model Y Trumps Corolla
Data compiled by JATO Dynamics analyst Felipe Munoz reveals a compelling story. Model Y's Q1 sales reached 267,200, outperforming Toyota Corolla's 256,400 sales. The comparison becomes even more dramatic when considering other top contenders like Toyota's Hilux, RAV4, and Camry. Model Y's sales, largely driven by Tesla's significant price cuts, are escalating, while Corolla sales appear to be dwindling. This dynamic is particularly impressive considering the Model Y's introduction to the market a year later than the Corolla (2019 vs 2018).
The Legacy of the Toyota Corolla: A Reign Unchallenged Until Now
For decades, the Toyota Corolla has held an uncontested reign as the world's best-selling car, with its affordability, reliability, and universal availability contributing to its enduring popularity. Its 2018 iteration further consolidated this status, offering consumers a well-rounded package that catered to a wide variety of tastes and requirements across different markets.
The Corolla was indeed a global favorite, securing sales in practically every corner of the world, from North America and Europe to Asia. Its broad availability in multiple body styles — sedan, hatchback, and wagon — further expanded its appeal to a diverse customer base. Despite this formidable legacy, the emergence of the Model Y has marked a shift in consumer preferences. It heralds a new era in which electric vehicles can claim the top spot in global car sales.
The High Price Tag vs. Accessibility: Tesla's Strategic Moves
Tesla's ambitious projections regarding the Model Y have come to fruition, culminating in an average quarterly sales increase from last year's 189k to this year's Q1 figures. With this growth rate, Model Y is on track to exit 2023 with over 1 million sales. A feat previously only achieved by Toyota Corolla, which sold 1.12 million units in the previous year.
One may wonder how an EV with a price tag of approximately $40k (after credits) could outperform the more affordable Corolla, priced at $21k for a base model. Despite Model Y's higher cost, Tesla's strategic price cuts have widened its appeal, contributing significantly to its increased market share.
Elon Musk's prediction that the Model Y could become the world's best-selling car seems increasingly plausible. Given its current momentum and the growing demand for EVs, it's likely that Model Y will maintain its leading position, making Tesla's mark in the automotive industry even more indelible.
Tesla has just released FSD Beta 11.4.2 to its employees with update version 2023.7.10. This update focuses on bug fixes as Tesla aims to release it to FSD owners.
FSD Beta 11.4.1 started going out to early testers, but the rollout was soon stopped. About 4% of FSD testers currently have access to that beta.
FSD Beta 11.4.2 was expected last week when Elon Musk announced it would start rolling out over the weekend, however, we're glad to see that it's now in employee hands.
What's New
In Musk's tweet last week, he revealed that this update will address small bugs around 'excess conservatism', focusing on improvements around narrow roads and lane changes.
However, since most Tesla owners with access to FSD Beta are still on version 11.3.6, this update will be a much bigger deal.
Not only will it contain the significant changes from FSD Beta 11.4, but also the many improvements Tesla added in FSD Beta 11.4.1, as well as non-FSD features that were introduced in updates 2023.2 and 2023.6.
Major FSD Improvements Included
The most recent FSD Beta, 11.4.1 included improvements in turning and overall smoothness of the vehicle by better determining the environment around the vehicle.
It also made improvements in assertiveness when encountering nearby pedestrians or vehicles in its path, which can lead to sudden braking or jerkiness. The vehicle will now measure the probability of interacting with the vehicle or pedestrian instead of coming to a sudden halt.
Other refinements include several improvements to lane changes and when to take them, as well as a better understanding of bus lanes and when to use them.
Improved Speed Control
One of the biggest improvements in this beta involves speed control. When in Autopilot, the vehicle will typically use the speed limit of the road plus the percentage offset that you have set. However, as we know, the speed limit is only one factor that should be considered when determining your speed. Autopilot will now smartly adapt its speed based on weather conditions and the type of road it's on. For example, the vehicle will travel slower in parking lots, dirt roads, or in residential areas.
Release Date
When Tesla employees receive an FSD update, it indicates that we may see a public release, however, a lot of it is dependent on what issues are discovered.
Since FSD Beta 11.4.2 is a minor revision to the partially released beta 11.4.1, there is a much higher likelihood we could see this beta go into a wide release. Tesla last released FSD Beta 11.3.6 in the second week of April.
New Non-FSD Features
In addition to this update incorporating all the enhancements from FSD Beta versions 11.4 (release notes) and 11.4.1 (release notes), FSD Beta 11.4.2 also introduces several new non-FSD features that were previously available in updates 2023.2 and 2023.6.
These features include auto steering wheel heat (just in time for summer!), support for the Icelandic language, Tesla's Manual app, improvements to Apple Music, and changes to Sentry Mode lighting.
This FSD Beta update will be a major update for owners with access to FSD, not only bringing massive FSD improvements but also bringing them up to speed with some of the latest Tesla features.
Update: Musk has just tweeted that this release may be the one that goes to a wide release. Here's hoping! Keep your fingers crossed everyone, and keep checking that app for an update.
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