Tesla’s Full Self-Driving Beta continues to be tested to its limits thanks to owners who are proving the effectiveness of the semi-autonomous driving software. While many videos show Tesla cars operating without driver intervention in a multitude of scenarios on public roads, the FSD Beta is proving to be effective in private areas too, including residential parking lots at apartment complexes.
A new video from Model 3 owner and FSD Beta user James Locke shows the effective use of the self-driving software in a private parking lot. However, this isn’t just an everyday, normal parking lot. Outfitted with various parking bays, speed bumps, sharp turns, and awkwardly-parked vehicles, the FSD Beta had its work cut out for it. Still, it had relatively no issues working through the different scenarios.
Locke described the site of the video as a “busy residential parking area.” This was a fairly accurate assessment considering the number of cars that were positioned around the FSD-operating Tesla. But navigating around parked cars is something that previous versions of FSD have had little to no issue with. Pack in some speed bumps and turns, and the lot goes from parking spaces to a torture chamber for the Model 3 and its semi-autonomous software capability.
However, the newly released software had relatively no problems making it through the lot. The impressive nature of the Model 3’s performance is relatively evident in the video, as Locke didn’t seem to need to guide the car at any point. While the Beta has been impressive in other videos, it is still a work in progress, and the car continues to advise users to keep their hands on the wheel in case of an emergency.
Nevertheless, the FSD Beta has proven over the past week that it is perfectly capable of handling some extremely challenging scenarios. While many people were impressed with its performance on main roads, navigating through a residential lot could be where the software really shows its value. With many lots offering obstacles such as stationary vehicles, speed bumps, pedestrians, and other obstacles alike, there are many dangers in these spaces. Teslas must act confidently yet cautiously in these areas to improve the overall effectiveness of FSD.
Tesla has put a major focus on improving the performance of its FSD software through the development of “Dojo,” a 4-dimensional training program for Autopilot. The evolution of the company’s self-driving software has come full circle into developing an improving infrastructure for its cars that will increase the accuracy of operation. With the FSD software finally being released to some members of the community, Tesla is getting its first glimpses of how its software is operating in a wide array of conditions.
Currently, the Beta is only available to a handful of individuals that were selected by the automaker. However, a more widespread rollout is expected in the coming months, with an eventual wide-release taking place near the end of the year.
Let us know what you think of the FSD Beta in the comments or on Twitter. If you have any videos of the Beta that you’re willing to share with us, let us know!
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
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Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
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Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
