Elon Musk Claims Tesla FSD Is 'Half A Decade Ahead Or More' Compared To Mercedes
Portfolio Pulse from Benzinga Neuro
Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), claimed that Tesla's Full Self-Driving (FSD) technology is significantly ahead of competitors, specifically mentioning it is 'half a decade ahead or more' compared to Mercedes. This statement was made in response to a comparison video between Tesla's FSD and Mercedes' Driver Assistance systems. Despite criticisms regarding the safety and effectiveness of Tesla's FSD, the company continues to innovate, with recent updates addressing previous issues. However, Tesla's popularity in California has declined, as indicated by a drop in registrations.
May 10, 2024 | 9:48 am
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Elon Musk's bold claim about Tesla's FSD technology being 'half a decade ahead' of competitors like Mercedes highlights Tesla's commitment to innovation in autonomous driving. Despite facing scrutiny and a recent decline in California registrations, Tesla's advancements in FSD technology, such as fixing the steering wheel issue in FSD 12.4, demonstrate its ongoing efforts to lead in the EV market. However, the stock experienced a 1.57% decrease on the day of the announcement.
Musk's statement could bolster investor confidence in Tesla's technological edge over competitors, potentially impacting its stock positively in the long term. However, the immediate impact appears neutral to slightly negative, as evidenced by the stock's decline on the announcement day. The decline in California registrations might raise concerns, but Tesla's continuous updates and improvements to its FSD technology could mitigate these worries over time.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100