Elon Musk Admits Getting Past FSD Predictions Wrong But Says Tesla Closer To It 'Than We Have Ever Been'
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk, at the 2023 World Artificial Intelligence Conference, stated that Tesla is closer than ever to achieving full self-driving (FSD) capability. Musk praised China's potential in various sectors, including AI. Despite previous predictions, Musk believes Tesla is 'very close' to reaching Level 4 autonomous driving. Tesla's FSD software still requires active driver supervision, and the company faced a lawsuit from shareholders claiming the company exaggerated the effectiveness and safety of its Autopilot and FSD technologies.
July 06, 2023 | 9:42 am
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NEUTRAL IMPACT
Tesla's progress towards full self-driving capability could potentially boost its stock. However, ongoing legal issues and the need for active driver supervision could negatively impact investor sentiment.
Elon Musk's statement about Tesla's progress towards full self-driving capability could potentially boost investor confidence and the stock price. However, the ongoing lawsuit and the fact that Tesla's FSD software still requires active driver supervision could negatively impact investor sentiment and the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100