Tesla will give the National Highway Transportation Safety Administration (NHTSA) access to FSD Beta, according to a recent tweet from Elon Musk. Elon responded to a tweet from @WholeMarsBlog who pointed out that even the NHTSA was complaining about having to participate in the safety score process that all of Tesla’s FSD Beta testers have to do.
🤣 ok we’ll turn it on
— Elon Musk (@elonmusk) August 16, 2022
In the tweet, @WholeMarsBlog shared a screenshot of a letter from the agency to Tesla that read:
“As you know, NHTSA owns a Tesla vehicle with the FSD option.”
“With over 700 miles of driving this year and a Safety Score of 99 (including a score of 100 for the most recent 107 miles on January 21), we have not received the OTA update to fully enable FSD in our vehicle.”
“We request some of your time and expertise to asses our situation and help us understand what additional steps we might need to take.”
The letter was dated in January 2022 but is now being brought into the public spotlight on Twitter. This comes after some drama over the weekend. The CEO of Green Hills Software and founder of the Dawn Project, Dan O’Dowd, has been relentlessly campaigning against Tesla’s FSD Beta. The billionaire has recently published television ads claiming that Tesla’s FSD Beta is not stopping for children.
These claims have been debunked several times over the weekend and I wrote about two instances. In the first one, I interviewed @TeslaDriver2022 who performed a test with child-sized Amazon boxes.
“The FSD Beta has just been getting better exponentially even since I’ve been using it. Just some of the predictions it’s got and the capabilities to understand when things are getting in their path. Not even that. Some of the most impressive stuff is just when I’m driving down the road at 45 miles an hour and there’s a car that will turn in front of me to get into a parking lot.
“Its ability to understand whether or not that car is gonna make it or not and whether or not it needs to slow down. It’s becoming very human-like.”
In the second article, @WholeMarsBlog tested FSD Beta on a child-sized mannequin and allowed Tad Park to test it on his son. In each test, FSD Beta recognized and stopped for pedestrians. He told me that the test showed that FSD Beta has no problem detecting pedestrians of all ages.
However, critics claim that the Tesla owners are vile for testing it on their children, yet are refusing to acknowledge that O’Dowd’s claims were disproven. The idea of testing such software on a child may seem horrifying to those who don’t understand the software or know how to drive.
A father who loves his child would quickly take over and brake if the software were to refuse to stop. And in the video, you can see clearly see the screen recognizing the child and stopping at a very safe distance.
In O’Dowd’s videos, the screen is hard to see and you can see some type of error message as the driver refuses to disengage. Many in the Tesla community have pointed out that the driver was accelerating. If this is the case, then FSD Beta would have to allow the driver to take over. This includes acceleration.
Aka, something like "Accelerator pedal is pressed – car will not brake" or "Front camera blocked or blinded".
Why do you keep driving with errors? Why do you keep "coincidentally" posting videos with them too blurry to read?
People have been asking you this from Day 1, Dan.
— Nafnlaus 🇮🇸🇺🇦 (@enn_nafnlaus) August 15, 2022
With Tesla granting the NHTSA access to FSD Beta, the agency will most likely do testing of its own. This, I think would be a very good thing considering that the agency and its employees aren’t running for political office for the sole reason of taking down Elon Musk.
The agency and Tesla may have gone head to head a few times, however, safety is important for both Tesla and the NHTSA so it makes sense to grant the agency FSD Beta for its vehicle.
Disclaimer: Johnna is long Tesla.
I’d love to hear from you! If you have any comments, concerns, or see a typo, you can email me at johnna@teslarati.com. You can also reach me on Twitter @JohnnaCrider1
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
