News
Tesla employees get FSD beta v12.2.1 ahead of wide v12 release
Tesla has begun rolling out its latest point version of the Full Self-Driving (FSD) beta to a group of employees amidst expectations that the automaker could launch its v12 software publicly in the coming months.
According to a post from Teslascope shared on Sunday, the FSD beta v12.2.1 has started rolling out to employees and special groups, coming just over a week after Tesla started rolling out FSD beta v12.2 to workers. The latest build is going out on software version 2023.44.30.20, and it includes support for HW4 vehicles after the last point version only went out to HW3 vehicles, as Teslascope explains.
Full Self-Driving (Beta) V12.2.1 is now going out to @Tesla employees and special groups for the first time!
— Teslascope (@teslascope) February 18, 2024
Notably, Teslascope also says that the period between internal release and public release for v11 was about three months:
It was actually almost three months for V11!
The initial build of V11 went out on 11/11 but went out to customers at the end of February, going into March of the following year.
Compared to that, V12 has had a 4x rate of progress and only partially delayed due to the recall.
— Teslascope (@teslascope) February 19, 2024
Since Tesla initially began rolling its first v12 FSD beta build to a limited group of employees in November, the automaker has deployed multiple point releases and has even expanded the group that receives the highly anticipated v12 software.
Teslascope and others have noted that the wide rollout of the v12 FSD beta could be imminent, given the employee testing versions, though CEO Elon Musk said in late December that v12 was undergoing some extra testing before the automaker rolls it out to the public.
Tesla also began deploying its FSD beta v12.1 to over 15,000 personally-owned Tesla employee vehicles in late December as part of its Wave1 testing group, seemingly indicating that a wider launch would be coming soon.
In recent weeks, Teslascope has been told by some at Tesla that “the goal is to release an update any day now to the public.”
Tesla FSD beta v12 rollout timeline (so far)
- June 27, 2023: Musk says FSD v12 “won’t be beta”
- August 11, 2023: Musk says FSD beta v12 is being tested by QA drivers
- August 25, 2023: Musk livestreams FSD beta v12 drive on X
- November 24, 2023: Tesla rolls out FSD beta v12 to initial employee group
- December 27, 2023: Teslascope confirms FSD (still termed “beta”) v12.1 rollout to Wave1, including over 15,000 Tesla employee vehicles
- December 28, 2023: Musk says FSD beta v12 is undergoing extra testing
- January 13, 2024: Tesla rolls out FSD beta v12.1.1 to employees and special groups
- January 21, 2024: Tesla rolls out FSD beta v12.1.2 to first customer vehicle
- February 10, 2024: Tesla rolls out FSD beta v12.2 to employees and special groups
- February 18, 2024: Tesla rolls out FSD beta v12.2.1 to employees and special groups
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us news tips at tips@teslarati.com.
Elon Musk
Elon Musk updates the SpaceX timeline for Mars
Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.
The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.
Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”
People on Mars in roughly 5 to 7 years.
Mars lander a few years sooner.
— Elon Musk (@elonmusk) July 29, 2026
The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”
Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.
Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.
In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.
The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.
Investor's Corner
SpaceX gets an absolutely crazy price target after rough IPO
SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).
Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.
SpaceX Starship just nailed something it’s never done before
The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.
Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.
SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.
It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.
The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.
Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.
Elon Musk
Elon Musk responds to Volvo’s latest LiDAR decision
Tesla CEO Elon Musk has responded to reports that Volvo is officially discontinuing the LiDAR sensor on two of its cars.
Volvo announced that it would officially scrap LiDAR systems on its EX90 and ES90 vehicles in various markets. In Norway, owners will get a €1,800 compensation for features that will never arrive due to this decision. There will be no option to remove the unit from vehicles, either.
The issue stems from Volvo’s supplier, Luminar, and its bankruptcy filing. Luminar will no longer be able to supply LiDAR units to Volvo for the EX90 and ES90, effectively axing any use the unit has on vehicles. Volvo will phase out the data collection processes via the LiDAR system, and it will not be utilized whatsoever.
Musk saw the story on X and responded, stating:
“I did try to warn them. Humans drive using neural nets and optical sensors. Same is true for robot cars.”
I did try to warn them.
Humans drive using neural nets and optical sensors. Same is true for robot cars.
— Elon Musk (@elonmusk) July 29, 2026
Musk has been publicly vocal about his disdain for LiDAR systems, once calling them “a fool’s errand,” as he has consistently kept the outlook that they are not needed for effective self-driving.
The typical example used as evidence for this by Musk is humans themselves: made with only eyes and memories, humans are capable of navigating a car by using what they can see and what they’ve personally experienced on the road.
Elon Musk argues lidar and radar make self driving cars more dangerous
“Same is true for robot cars,” Musk says, as Teslas have eight exterior cameras that help see everything surrounding the vehicle, and a neural network that analyzes behavior and tendencies with every mile driven.
Tesla is a vision-only self-driving company that ditched sensors and radar several years ago in favor of cameras. Behind this effort, the company has established a reputation for having one of the most robust self-driving platforms in the world.
Musk’s big bet with Tesla on its self-driving program’s strategy has widely paid off. Other companies continue to utilize things like LiDAR, radar, and sensors for effective self-driving, but Tesla has shown that there is more than one way to give consumers a strong and accurate driver assistance suite.
The real question is: who will be the first company to take Musk’s advice and attempt a self-driving platform based on cameras only, or even license FSD for themselves?

