

News
Tesla FSD Beta 10.69.3 is coming and its going to be another major update [Editorial]
As the Tesla FSD Beta v10.69.2.3 continues to roll out, Elon Musk teased “major upgrades” coming with v10.69.3.
Elon Musk hinted at some of the upgrades v10.69.3 might introduce to FSD Beta during AI Day 2022. While answering questions from the audience, he mentioned a specific update regarding the car’s ability to assess the velocity of fast-moving traffic. One FSD expert also noted that Tesla plans to release a parking lot stack before the end of the year. He explained that the parking lot stack would enable cars maneuver around a lot and park.
FSD Stack for City Streets and Highways
During the event, Musk also discussed the FSD stack for city streets and highways. Based on his description of the stack, it might still be a few updates away before Tesla releases it to the FSD Beta tester fleet.
“The version of FSD Beta that I drive, actually does have the integrated stack so it uses the FSD stack both in city streets and highway,” Musk shared with the audience during AI Day.
“It works quite well for me but we need to validate it in all kinds of weather, like heavy rain, snow, dust— And just make sure it’s working better than the production stack, you know, across a wide range of environments. But we’re pretty close to that, I mean I think it’s—I don’t know…It’ll definitely be before the end of the year and maybe November,” he added.
FSD Beta 10.69.2.3 Updates
Trusted Tesla update tracker, Teslascope, shared that FSD Beta version 10.69.2.3 is going out to about 8%-10% of testers. The first beta tester reported receiving the latest update last week.
Tesla is expected to release a few minor issues in version 10.69.2.3, similar to version 10.69.2.2. Some issues that testers repeatedly mention are aggressive left turns, speed limit recognition, and some instances of phantom braking. However, lane selection appears to be the biggest issue that beta testers repeatedly mention to Teslarati.
“I experienced a lot of the same issues noted already regarding my S model, trying to stay in the right lane that was ending in a [Casey’s] store,” Beta tester Perry told Teslarati.
Perry is a new Beta tester and started with version 10.69.2.2. He hopes the latest update v.10.69.2.3, corrects some of the issues he has observed.
Tesla FSD Beta Improvements
Over the past few weeks, Teslarati has closely followed the releases of FSD Beta 10.69. Past articles have mostly covered issues testers have mentioned to the publication. However, Tesla FSD Beta testers have also seen improvements in the software.
In the last update, a few Beta testers noticed that their vehicles started avoiding road debris and construction work sites. They also reported fewer instances of phantom braking and a smoother drive.
One tester, Mike, found that FSD does improve with time and when allowed to learn and correct itself.
“[People] aren’t comfortable with entropy, which is essential for learning. The chaos seems to be higher just after the software update and becomes more reliable as time go[es] on,” Mike said.
Elon Musk mentioned that Tesla’s fundamental metric to optimize FSD is the number of miles the vehicle can drive in full autonomy before an intervention “is required that is safety critical.”
Mike mentioned that some people new to FSD might be “unimpressed” with it after only a few tests. Some testers may stop the tests, deeming it unreliable. However, based on Musk’s words, the more people use FSD, the better it will get.
Are you an FSD Beta tester? I’d like to hear your thoughts and experiences with v. 10.69.2.3. Contact me at maria@teslarati.com or via Twitter @Writer_01001101.
Investor's Corner
Cantor Fitzgerald reaffirms bullish view on Tesla after record Q3 deliveries
The firm reiterated its Overweight rating and $355 price target.

Cantor Fitzgerald is maintaining its bullish outlook on Tesla (NASDAQ:TSLA) following the company’s record-breaking third quarter of 2025.
The firm reiterated its Overweight rating and $355 price target, citing strong delivery results driven by a rush of consumer purchases ahead of the end of the federal tax credit on September 30.
On Tesla’s vehicle deliveries in Q3 2025
During the third quarter of 2025, Tesla delivered a total of 497,099 vehicles, significantly beating analyst expectations of 443,079 vehicles. As per Cantor Fitzgerald, this was likely affected by customers rushing at the end of Q3 to purchase an EV due to the end of the federal tax credit, as noted in an Investing.com report.
“On 10/2, TSLA pre-announced that it delivered 497,099 vehicles in 3Q25 (its highest quarterly delivery in company history), significantly above Company consensus of 443,079, and above 384,122 in 2Q25. This was due primarily to a ‘push forward effect’ from consumers who rushed to purchase or lease EVs ahead of the $7,500 EV tax credit expiring on 9/30,” the firm wrote in its note.
A bright spot in Tesla Energy
Cantor Fitzgerald also highlighted that while Tesla’s full-year production and deliveries would likely fall short of 2024’s 1.8 million total, Tesla’s energy storage business remains a bright spot in the company’s results.
“Tesla also announced that it had deployed 12.5 GWh of energy storage products in 3Q25, its highest in company history vs. our estimate/Visible Alpha consensus of 11.5/10.9 GWh (and vs. ~6.9 GWh in 3Q24). Tesla’s Energy Storage has now deployed more products YTD than all of last year, which is encouraging. We expect Energy Storage revenue to surpass $12B this year, and to account for ~15% of total revenue,” the firm stated.
Tesla’s strong Q3 results have helped lift its market capitalization to $1.47 trillion as of writing. The company also teased a new product reveal on X set for October 7, which the firm stated could serve as another near-term catalyst.
Elon Musk
Elon Musk’s xAI becomes Memphis’ 2nd largest taxpayer in just one year: report
Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape.

Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape. In just twelve months, the company has become the city and county’s second largest taxpayer.
The update was related in a report from The Wall Street Journal.
Memphis’ second-largest taxpayer
xAI is currently transforming a defunct Mississippi power plant into a crucial hub for AI, supplying electricity to its Colossus supercomputer cluster and its successor, Colossus 2. Together, the Colossi supercomputers will host more than half a million Nvidia chips that would be used for the development and improvement of Grok, xAI’s large language model.
The buildout has injected billions into the region, making xAI one of Memphis’s most significant private investors and a symbol of the city’s high-tech aspirations. Bill Dunavant III, a Memphis businessman who sits on the board of directors of the city’s chamber of commerce, highlighted xAI’s contribution to the city’s economy in a comment to the WSJ.
“In one year, xAI has become the second largest taxpayer in the city and county after FedEx,” he said. A spokesman for the Greater Memphis Chamber of Commerce has also stated that xAI has demonstrated “substantial economic commitment to our region, without any tax incentives.”
Not without controversy
Despite the economic boost, xAI’s footprint has drawn scrutiny. The company’s natural-gas-powered turbines are expected to consume a substantial amount of water and electricity. Critics have also expressed worries about pollution and increased utility costs, though others see Musk’s wastewater recycling plans and cleanup initiatives as meaningful offsets.
As per the WSJ, xAI’s positioning in the market may be quite different than what Musk is typically used to, considering that the CEO tends to become a first mover in key industries, such as the EV segment with Tesla and private spaceflight with SpaceX. With xAI, however, he is catching up to competitors, the most notable of which is a company he co-founded, OpenAI, and its ubiquitous large language model, ChatGPT.
News
Tesla all but confirms that affordable Model Y is coming Tuesday
It does appear that October 7 would be the date when the world sees Tesla’s actual idea of what an affordable vehicle would be like.

Tesla has released a cryptic teaser of a product that would be announced on Tuesday, October 7, 2025. Based on the company’s hint, it does appear that the product would be the affordable Model Y that has been spotted doing road tests across the country over the past months.
Affordable Model Y sightings
Last week, news emerged that a number of key Tesla influencers visited Gigafactory Texas for a private event. These included veteran Tesla YouTubers, car reviewers, influencers on X, and even a teardown expert who provided the initial insights on how to improve the original Model 3 sedan. At the same time, an uncovered unit of the apparent affordable Model Y was posted online. The vehicle was reportedly sighted close to Giga Texas.
The new Model Y variant had some notable changes from the standard Model Y. Its fascia seemed inspired by the Model 3 sedan instead of the Cybertruck, and its roof seemed blacked out. Overall, it looked like a simpler Model Y designed to be offered at an affordable price.
The weekend teasers
Teasers about an upcoming product were posted by Tesla’s official account on social media platform X, though the electric vehicle maker made it a point to keep things very vague. Initially, a closeup video of what appeared to be an aero wheel was posted, though it was vague enough that some speculated that it could be Elon Musk’s long-announced HVAC system instead.
On Sunday, another teaser video was posted featuring the headlights of a new car. This brought speculations that the new Roadster might finally be announced. Inasmuch as a new Roadster unveiling would be exciting, however, it was evident that the headlights in the new teaser were a match to the uncovered affordable Model Y unit that was spotted close to Giga Texas a few days ago. With this in mind, it does appear that October 7 would be the date when the world sees Tesla’s actual idea of what an affordable vehicle would be like.
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