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Tesla’s Elon Musk will be hosting an AI hackathon party at his house
Elon Musk announced that Tesla will be hosting an AI hackathon, together with the company’s artificial intelligence and autopilot team, at his house in four weeks’ time.
The Tesla chief announced his plans via Twitter on Sunday. Despite impressive numbers revealed during the Q4 2019 earnings call and update, Musk and his Tesla team are not resting on their laurels and remain focused on pursuing advancements to its neural network, which is in the center of Tesla’s goal of achieving a full self-driving vehicle.
During the recent Q4 earnings call, an investor asked the Tesla chief executive for updates on FSD.
“I think that’s looking like maybe it’s going to be couple of months from now. And what isn’t obvious regarding Autopilot and Full Self-Driving is just how much work has been going into improving the foundational elements of autonomy,” Musk said.
Tesla will hold a super fun AI party/hackathon at my house with the Tesla AI/autopilot team in about four weeks. Invitations going out soon.
— Elon Musk (@elonmusk) February 2, 2020
Musk continued to explain how the Tesla team is making great strides in labeling efficiency.
“…in terms of labeling, labeling with video in all eight cameras simultaneously. This is a really, I mean in terms of labeling efficiency, arguably like a three order of magnitude improvement in labeling efficiency. For those who know about this, it’s extremely fundamental, so that’s really great progress on that,” Musk said.
Tesla vehicles rely on a custom chip that boasts of 144 tera operations per second (TOPS) for its self-driving capabilities. This two-chip FSD computer works in tandem with LPDDR4 RAM modules that come with a peak bandwidth of 68 GB/s. There are also two neural network accelerators that work in tandem to process as much as 1TB of data per second. This setup is roughly three times faster, about 80%, and about 1.25 times more power-efficient than the previous hardware. It is also able to process about 2,300 frames per second compared to the 110 frames per second processed by Tesla’s Hardware 2.5.
In his series of tweets on Sunday, Musk also mentioned Tesla’s “Dojo” supercomputer, which is speculated to be capable of processing vast amounts of data to train the company’s neural network. Through active learning, Tesla curates the most useful video clips from its fleet of connected cars and train the neural net to recognize things that it did not previously know.
“Our networks learn from the most complicated and diverse scenarios in the world, iteratively sourced from our fleet of nearly 1M vehicles in real-time. A full build of Autopilot neural networks involves 48 networks that take 70,000 GPU hours to train. Together, they output 1,000 distinct tensors (predictions) at each timestep,” Tesla wrote on the Autopilot AI section of its website.
“At Tesla, using AI to solve self-driving isn’t just icing on the cake, it the cake” – @lexfridman
Join AI at Tesla! It reports directly to me & we meet/email/text almost every day. My actions, not just words, show how critically I view (benign) AI.https://t.co/iF97zvYZRz
— Elon Musk (@elonmusk) February 2, 2020
The last major software update rolled out by Tesla allowed its vehicles to visualize more things while driving in inner-city streets. Teslas now render stoplights, stop signs, traffic cones, traffic pylons, and more.
With the upcoming AI hackathon, Tesla will get together with developers to seek out more efficient algorithms and overall improvements to the core logic for its Full Self-Driving suite through a time-boxed event. With fresh eyes working with the existing AI and autopilot team of Tesla, the carmaker may be able to accelerate the timeline and rollout of its full-featured Full Self-Driving suite sooner.
Further advances in FSD and its Autopilot feature will widen the gap between Tesla and its competitors and solidify the company’s position as one of the leading automakers in the world. These improvements will also take Tesla a step closer to the possibility of Robotaxis that they can deploy at scale.
The hackathon will also allow Tesla to fish for new AI talents to join the team. On Sunday, Musk also mentioned that the electric carmaker is looking for world-class chip designers and C++/C engineers for vehicle control and other functions of Tesla vehicles.
Musk reiterated that educational attainment is not important when joining Tesla but rather a clear understanding of how AI and neural networks function and the ability to build useful applications using that knowledge.
News
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
Tesla has started its first Full Self-Driving (Supervised) road trials in Abu Dhabi under the oversight of the Integrated Transport Centre, also known as Abu Dhabi Mobility.
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
FSD (Supervised) road trials are being conducted with the support of the Smart and Autonomous Systems Council and in coordination with the Legislation Lab at the General Secretariat of the UAE Cabinet.
Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre (Abu Dhabi Mobility), highlighted the agency’s regulatory role in overseeing the FSD (Supervised) tests in a press release.
“The supervision of the Integrated Transport Centre (Abu Dhabi Mobility) over the commencement of Tesla’s advanced autonomous driving technology tests reflects its regulatory and legislative role. These tests represent a qualitative step to evaluate the technology’s performance in a real-world operating environment and to collect the necessary data to verify its readiness before any future expansion in usage.
“Through this organized framework, and in cooperation with strategic partners, we seek to achieve a balance between supporting innovation and encouraging the adoption of smart solutions on one hand and ensuring the safety of road users on the other, in line with the emirate’s direction to develop an advanced, safe, and sustainable transport system,” he said.
Tesla is putting a lot of effort into expanding the rollout of FSD (Supervised) to territories outside in the United States. During a recent interview with Giga Berlin plant manager Andre Thierig, Musk stated that Tesla is looking to secure approval for FSD (Supervised) in the Netherlands this coming March.
“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told. Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive,” Musk stated.
Elon Musk
SpaceX considering confidential IPO filing this March: report
The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion.
SpaceX is reportedly preparing to confidentially file for an initial public offering (IPO) as soon as March. The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion, potentially making it the largest IPO in history.
The update was initially reported by Bloomberg News, which cited information shared by people reportedly familiar with the matter.
As per the publication, a confidential filing allows a company to receive regulatory feedback before publicly releasing its financials. Bloomberg’s source, however, noted that the timing of SpaceX’s IPO is still under discussion and plans could change.
SpaceX did not immediately respond to requests for comment.
A March submission would mark the clearest step yet toward bringing Elon Musk’s private space company into public markets. People familiar with the preparations said the offering could raise as much as $50 billion. That would surpass the $29 billion debut of Saudi Aramco in 2019, currently the largest IPO on record.
Major banks including Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, and Bank of America Corp. are reportedly positioned for senior roles in the transaction. SpaceX is also said to be considering a dual-class structure that would allow insiders, including Musk, to retain enhanced voting control.
Satellite communications provider EchoStar Corp., which holds a stake in SpaceX, reportedly saw its shares rise following news of the potential filing.
At a valuation exceeding $1.75 trillion, SpaceX would immediately have a larger market cap than all but five of the companies traded in the S&P 500 index. That figure would place it ahead of Meta Platforms Inc. and Tesla Inc. by market capitalization, trailing only a small group of mega-cap firms such as Apple Inc. and Microsoft Corp.
The scale of the proposed valuation reflects SpaceX’s dominance in orbital launch services and its Starlink satellite network, which serves millions of users globally. The company has also outlined long-term expansion plans tied to higher Starship launch cadence, orbital infrastructure, and lunar development initiatives.
Elon Musk
Elon Musk hints Tesla investors will be rewarded heavily
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet,” Musk said.
Elon Musk recently hinted that he believes Tesla investors will be rewarded heavily if they continue to hold onto their shares, and he reiterated that in a new interview that the company released on its social accounts this week.
Musk is one of the most successful CEOs in the modern era and has mammothed competitors on the Forbes Net Worth List over the past year as his holdings in his various companies have continued to swell.
Tesla investors, especially those who have been holding shares for several years, have also felt substantial gains in their portfolios. Over the past five years, the stock is up over 78 percent. Since February 2019, nearly seven years ago to the day, the stock is up over 1,800 percent.
Musk said in the interview:
“Hold onto your Tesla stock. It’s going to be worth a lot, I think. That’s my bet.”
Elon Musk in new interview: “Hold on to your $TSLA stock. It’s going to be worth a lot, I think. That’s my bet.” pic.twitter.com/cucirBuhq0
— Sawyer Merritt (@SawyerMerritt) February 26, 2026
It’s no secret Musk has been extremely bullish on his own companies, but Tesla in particular, because it is publicly traded.
However, the company has so many amazing projects that have an opportunity to revolutionize their respective industries. There is certainly a path to major growth on Wall Street for Tesla through its various future projects, including Optimus, Cybercab, Semi, and Unsupervised FSD.
- Optimus (Tesla’s humanoid robot): Musk has discussed its potential for tasks like childcare, walking dogs, or assisting elderly parents, positioning it as a massive long-term driver of company value.
- Cybercab (Tesla’s robotaxi/autonomous ride-hailing vehicle): a fully autonomous vehicle geared specifically for Tesla’s ride-sharing ambitions.
- Semi (Tesla’s electric truck, with mentions of expansion, like in Europe): brings Tesla into the commercial logistics sector.
- Unsupervised FSD (Full Self-Driving software achieving full autonomy without human supervision): turns every Tesla owner’s vehicle into a fully-autonomous vehicle upon release
These projects specifically are some of the highest-growth pillars Tesla has ever attempted to develop, especially in Musk’s eyes, as he has said Optimus will be the best-selling product of all-time.
Many analysts agree, but the bullish ones, like Cathie Wood of ARK Invest, are perhaps the one who believes Tesla has incredible potential on Wall Street, predicting a $2,600 price target for 2030, but this is not even including Optimus.
She told Bloomberg last March that she believes that the project will present a potential additive if Tesla can scale faster than anticipated.