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Tesla owner’s manuals outside North America hint at FSD beta rollout
Tesla has begun including Full Self-Driving (FSD) beta information in some of its newer owner’s manuals across Europe, China and Australia, further suggesting that the automaker may be inching toward a release of the system beyond North America.
The FSD beta was spotted being tested in Australia and Europe by just a few vehicles earlier this year, and Tesla has been ramping up hiring for the system in China in the past few months. In addition, China debuted a smart expressway for self-driving last month, designed for the use of up to Level 4 driving automation.
On Saturday, Tesla software observer Teslascope pointed out that the automaker has been hinting at the deployment of its FSD beta beyond North America, as details about the software can now be found in newer vehicle manuals from the company in Europe, China, Australia and elsewhere.
Although Tesla has been testing the software outside of North America for years, Teslascope notes that the FSD beta will still require regulatory approval in many countries, even as U.S. officials continue to navigate how to create a regulatory framework around self-driving software.
As a reminder with today’s “hinting” to Full Self-Driving (Beta) outside of North America within Owner’s Manuals, Tesla has been testing their autonomous suite for 2+ years now.
Many countries will require regulator approval, however, we remain confident in expansion soon. https://t.co/tyOkA5jDvN
— Teslascope (@teslascope) November 18, 2023
Credit: Tesla | Model 3 Owner’s Manual in Europe
It’s still not clear when Tesla will be rolling the FSD beta out publicly in these regions, though the addition of the system to its owner’s manuals is definitely not a bad thing.
Other sources have also claimed that Tesla’s FSD beta is set to enter the Chinese market, adding that the company is just waiting to announce the news.
https://twitter.com/bentv_sh/status/1725906555361808877
In each of the owner’s manuals, Tesla notes that “Depending on market region, vehicle configuration, options purchased, and software version, your vehicle may not be equipped with Full Self Driving (Beta) (also referred to as Autosteer on City Streets), or the feature may not operate exactly as described.”
The automaker also details plans to roll the feature out to customers beyond North America gradually, as can be seen below from the manuals.
“As Full Self-Driving (Beta) deployment expands, Tesla will gradually make it available to eligible customers in select countries outside of the United States and Canada,” the automaker writes.
“Because every country contains unique infrastructure, driving behaviors, and traffic patterns that Full Self-Driving (Beta) must adapt to over time, it is essential for drivers using Full Self-Driving (Beta) in newly eligible countries to be extra attentive and overly cautious. You must be ready to take over safely at any time.”
The company also notes that its FSD beta is a “hands-on feature that requires you to pay attention to the road at all times,” rather than offering higher levels of automation that would allow the driver to stop monitoring road conditions.
Last month, Tesla’s FSD beta program reached half a billion cumulative miles driven, ahead of the company’s release of the system’s version 12 in North America, which reportedly will no longer be a beta, according to CEO Elon Musk. It’s not clear exactly when the release will take place, though it’s expected to come soon.
In what seemed to be a joke tinged with self-awareness around Tesla’s failure to stick to rollout deadlines and his many prior claims that software would be released in just two weeks, Musk last week said customers might be able to try out FSD version 12 in “about 2 weeks.”
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send your tips to us at tips@teslarati.com.
News
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario.
Wedbush analyst Dan Ives is doubling down on Tesla’s (NASDAQ:TSLA) long-term upside. In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario, thanks to the company’s efforts to develop and push its artificial intelligence programs.
An aggressive valuation upside
Ives, Wedbush’s global head of tech research, stated in his post that Tesla is entering a pivotal period as its autonomy and robotics ambitions move closer to commercialization. He expects Tesla’s market cap to reach $2 trillion in 2026, representing roughly 33% upside from current levels, with a bull case up to a $3 trillion market cap by year-end.
Overall, Ives noted that 2026 could become a “monster year” for TSLA. “Heading into 2026, this marks a monster year ahead for Tesla/Musk as the autonomous and robotics chapter begins. We believe Tesla hits a $2 trillion market cap in 2026 and in a bull case scenario $3 trillion by end of 2026… as the AI chapter takes hold at TSLA,” the analyst wrote.
Ives also reiterated his “Outperform” rating on TSLA stock, as well as his $600 per share price target.
Unsupervised Full-Self Driving tests
Fueling optimism is Tesla’s recent autonomous vehicle testing in Austin, Texas. Over the weekend, at least two Tesla Model Ys were spotted driving on public roads without a safety monitor or any other occupants. CEO Elon Musk later confirmed the footage of one of the vehicles on X, writing in a post that “testing is underway with no occupant in the car.”
It remains unclear whether the vehicle was supported by chase cars or remote monitoring, and Tesla has not disclosed how many vehicles are involved. That being said, Elon Musk stated a week ago that Tesla would be removing its Safety Monitors from its vehicles “within the next three weeks.” Based on the driverless vehicles’ sightings so far, it appears that Musk’s estimate may be right on the mark, at least for now.
News
Production-ready Tesla Cybercab hits showroom floor in San Jose
Tesla has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements.
Tesla has showcased what appears to be a near-production-ready Cybercab at its Santana Row showroom in San Jose, California, giving visitors the closest look yet at the autonomous two-seater’s refined design.
Based on photos of the near-production-ready vehicle, the electric vehicle maker has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements, making the vehicle look more polished and seemingly more comfortable than its prototypes from last year.
Exterior and interior refinements
The updated Cybercab, whose photos were initially shared by Tesla advocate Nic Cruz Patane, now features a new frameless window design, an extended bottom splitter on the front bumper, and a slightly updated rear hatch. It also includes a production-spec front lightbar with integrated headlights, new wheel covers, and a license plate bracket.
Notably, the vehicle now has two windshield wipers instead of the prototype’s single unit, along with powered door struts, seemingly for smoother opening of its butterfly doors. Inside, the Cybercab now sports what appears to be a redesigned dash and door panels, updated carpet material, and slightly refined seat cushions with new center cupholders. Its legroom seems to have gotten slightly larger as well.
Cybercab sightings
Sightings of the updated Cybercab have been abundant in recent months. At the end of October, the Tesla AI team teased some of the autonomous two-seater’s updates after it showed a photo of the vehicle being driven through an In-N-Out drive-through by employees in Halloween costumes. The photos of the Cybercab were fun, but they were significant, with longtime Tesla watchers noting that the company has a tradition of driving its prototypes through the fast food chain’s drive-throughs.
Even at the time, Tesla enthusiasts noticed that the Cybercab had received some design changes, such as segmented DRLs and headlamps, actual turn signals, and a splitter that’s a lot sharper. Larger door openings, which now seem to have been teasing the vehicle’s updated cabin, were also observed at the time.
Investor's Corner
Tesla analyst realizes one big thing about the stock: deliveries are losing importance
Tesla analyst Dan Levy of Barclays realized one big thing about the stock moving into 2026: vehicle deliveries are losing importance.
As a new era of Tesla seems to be on the horizon, the concern about vehicle deliveries and annual growth seems to be fading, at least according to many investors.
Even CEO Elon Musk has implied at times that the automotive side, as a whole, will only make up a small percentage of Tesla’s total valuation, as Optimus and AI begin to shine with importance.
He said in April:
“The future of the company is fundamentally based on large-scale autonomous cars and large-scale and large volume, vast numbers of autonomous humanoid robots.”
Almost all of Tesla’s value long-term will be from AI & robots, both vehicle & humanoid
— Elon Musk (@elonmusk) September 11, 2023
Levy wrote in a note to investors that Tesla’s Q4 delivery figures “likely won’t matter for the stock.” Barclays said in the note that it expects deliveries to be “soft” for the quarter.
In years past, Tesla analysts, investors, and fans were focused on automotive growth.
Cars were truly the biggest thing the stock had to offer: Tesla was a growing automotive company with a lot of prowess in AI and software, but deliveries held the most impact, along with vehicle pricing. These types of things had huge impacts on the stock years ago.
In fact, several large swings occurred because of Tesla either beating or missing delivery estimates:
- January 3, 2022: +13.53%, record deliveries at the time
- January 3, 2023: -12.24%, missed deliveries
- July 2, 2024: +10.20%, beat delivery expectations
- October 3, 2022: -8.61%, sharp miss due to Shanghai factory shutdown
- July 2, 2020: +7.95%, topped low COVID-era expectations with sizeable beat on deliveries
It has become more apparent over the past few quarters that delivery estimates have significantly less focus from investors, who are instead looking for progress in AI, Optimus, Cybercab, and other projects.
These things are the future of the company, and although Tesla will always sell cars, the stock is more impacted by the software the vehicle is running, and not necessarily the vehicle itself.
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
Production-ready Tesla Cybercab hits showroom floor in San Jose
