Tesla is urging customers to take delivery of their new EV by September 30 in order to take advantage of the $7,500 tax credit.
The update will feature a 10X higher parameter count, among other improvements.
The Tesla Semi factory near Giga Nevada is expected to be capable of producing 50,000 units of the Class 8 all-electric truck per year.
Tesla's AI5 and AI6 chips are expected to be rolled out to the company's consumer products.
The upgrade was announced by the electric vehicle maker on social media platform X.
The vehicle is expected to be a larger version of the best-selling Model Y crossover.
The addition of a front bumper camera to the Tesla Model 3 is a big upgrade from a hardware perspective.
"This will substantially reduce the need for driver attention, but some complex intersections, heavy weather or unusual events will still require attention."