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Elon Musk shares FSD Beta V9 release update, teases improvements with pure vision approach
Elon Musk recently shared several key updates for Tesla’s upcoming FSD Beta Version 9 release. The highly-anticipated update, which has seen some delays to date, is expected to introduce several critical improvements to the robust driver-assist system.
In a recent set of tweets, Elon Musk explained that Tesla had been focusing on the removal of radar from the FSD Beta, which the CEO notes should present a notable improvement to the performance of the advanced driver-assist suite. Musk’s update was brief, though he mentioned that the FSD Beta V9 release should be ready next week, at least for testers in the United States.
We had to focus on removing radar & confirming safety. That release goes out next week to US production. Then a week or two to polish pure vision FSD & v9 beta will release. Difference between v8 & v9 is gigantic.
— Elon Musk (@elonmusk) May 12, 2021
“We had to focus on removing radar & confirming safety. That release goes out next week to US production. Then a week or two to polish pure vision FSD & v9 beta will release. Difference between v8 & v9 is gigantic,” the Tesla CEO wrote.
Elon Musk has highlighted Tesla’s shift to a pure vision system in recent months. Back in March, the CEO noted that pure vision is the way to “real-world AI.” Musk later explained that vision has “much more precision” than radar, and that cameras have several orders of magnitude more bits/sec than radar. Cameras could then leave behind radar as vision processing improves.
I think we’re maybe a month or two away from wide beta. But these things are hard to predict accurately.
The work we had to do for pure vision driving was needed for FSD, so much more progress has been made than it would seem.
— Elon Musk (@elonmusk) May 12, 2021
Interestingly enough, Elon Musk mentioned that Tesla’s vision-only approach should remove issues like phantom braking, which happens at times when Autopilot encounters a bridge or overpass. He also explained that the FSD Beta V9 expansion should happen a month or two from now. Musk also admitted that the release of the driver-assist system’s wide beta has been quite hard to predict accurately.
“I think we’re maybe a month or two away from wide beta. But these things are hard to predict accurately. The work we had to do for pure vision driving was needed for FSD, so much more progress has been made than it would seem,” Musk said.
End of year, along with FSD, provided we get regulatory approval. Smart Summon is just a subset of FSD.
— Elon Musk (@elonmusk) May 12, 2021
Lastly, Elon Musk provided a quick update on the release of FSD functions in Europe, such as Smart Summon. Musk was optimistic about its release, though he was also quite cautious about its estimated timeframe. That being said, the CEO did note that for Europe, the release of features like Smart Summon should happen alongside the release of FSD, as the driverless function is only a subset of the Full Self-Driving suite.
It remains to be seen if Tesla’s shift to a pure vision approach would allow it to overcome the challenges currently being experienced by Autopilot and the FSD suite. However, the company appears to have been pondering a camera-only system for a while now, as hinted at by a patent published in March which describes a system that uses two neural networks to accurately gauge the distances of objects using only image data.
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Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
