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Elon Musk extends thanks to FSD beta testers for giving valuable real-world data

(Credit: Tesla Rajr)

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Elon Musk has extended his thanks to Tesla owners who received the company’s limited Full Self-Driving beta last week. The information Tesla is gathering from early access FSD beta testers will be invaluable as the company’s AI team continues to enhance and refine the EV automaker’s autonomous driving software.

The founder of Tesla Owners Club Vancouver Islands James Locke asked Elon Musk about his view on the content early access FSD testers were sharing. “Yes, very helpful,” said the Tesla CEO. “Thanks to all beta testers.”

Last week, Musk announced that Tesla plans to roll out the FSD beta to the general public later this year. Tesla will need all the information it can get to make sure that the full release of the Full Self-Driving beta goes smoothly.

Videos and other content early beta testers have shared recently revealed how much more intuitive and human-like FSD responds to its environment while on the road. By far the most impressive detail to Tesla’s FSD beta would be how fast it improves.

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Tesla enthusiast and “part-time comedy act” @WholeMarsBlog talked about FSD beta’s quick growth on Twitter. The Tesla owner’s first impression of FSD beta was that it operated like “a drunk baby driving a car.” “It’s a little questionable, but then you realize ‘holy s*** a baby is driving a car.’ Imagine what it’ll be able to do when it grows up,” tweeted @WholeMarsBlog.

Not long after, the Tesla enthusiast tweeted: “The FSD betas are improving shockingly fast. It almost seems like someone is fixing issues on the fly, and the time between builds is very short.” His recent assessment of Tesla Full Self-Driving beta suggests that the capabilities of the system are quite literally growing right in front of our eyes.

Elon Musk’s gracious thank you to early access beta testers highlights the role consumers play in Tesla’s quick software improvements. After all, the more data beta testers feed to FSD and the AI Autopilot team, the better the autonomous driving software will be in the near future.

Currently, Tesla has gathered the most real-world data for autonomous driving. Tesla’s Director of AI Andrej Karpathy revealed that the company has gathered up to 3 billion miles of real-world data from its fleet as of February 2020, noted Lex Fridman.

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In comparison, Waymo has gathered 20 million real-world miles as of date. Waymo is one of Tesla’s biggest competitors in autonomous vehicles, and it’s already considered as one of the leaders in self-driving tech. Needless to say, the vast difference in the companies’ real-world data is striking.

Tesla owners can be credited for the billion miles worth of data the company has collected for FSD. Each and every Tesla on the road right now gathers bits of information that will help Karpathy and the company’s AI team polish Full Self-Driving.

Before any FSD updates are released to the entire Tesla fleet, however, it must be refined. Hence the importance of early access beta testers. The information they share via YouTube, Twitter, etc and feed to Tesla, the more refined FSD beta will be once it rolls out to the general public.

Here’s what Tesla’s limited FSD beta can do today.

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Tesla ends Full Self-Driving purchase option in the U.S.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

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Credit: Tesla

Tesla has officially ended the option to purchase the Full Self-Driving suite outright, a move that was announced for the United States market in January by CEO Elon Musk.

The driver assistance suite is now exclusively available in the U.S. as a subscription, which is currently priced at $99 per month.

Tesla moved away from the outright purchase option in an effort to move more people to the subscription program, but there are concerns over its current price and the potential for it to rise.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

Although Tesla moved back the deadline in other countries, it has now taken effect in the U.S. on Sunday morning. Tesla updated its website to reflect this:

There are still some concerns regarding its price, as $99 per month is not where many consumers are hoping to see the subscription price stay.

Musk has said that as capabilities improve, the price will go up, but it seems unlikely that 10 million drivers will want to pay an extra $100 every month for the capability, even if it is extremely useful.

Instead, many owners and fans of the company are calling for Tesla to offer a different type of pricing platform. This includes a tiered-system that would let owners pick and choose the features they would want for varying prices, or even a daily, weekly, monthly, and annual pricing option, which would incentivize longer-term purchasing.

Although Musk and other Tesla are aware of FSD’s capabilities and state is is worth much more than its current price, there could be some merit in the idea of offering a price for Supervised FSD and another price for Unsupervised FSD when it becomes available.

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Musk bankers looking to trim xAI debt after SpaceX merger: report

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.

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Credit: SpaceX

Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.

The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.

SpaceX IPO is coming, CEO Elon Musk confirms

The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.

Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”

That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.

X merged with xAI last March, which brought the valuation to $45 billion, including the debt.

SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:

“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”

The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.

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Tesla pushes Full Self-Driving outright purchasing option back in one market

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

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Credit: Tesla

Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.

The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.

The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.

Tesla hits major milestone with Full Self-Driving subscriptions

However, Tesla just launched it just last year in Australia.

Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.

The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.

In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.

The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.

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