Tesla Inc. is set to undergo significant improvements in its Full Self-Driving system as the company integrates Robotaxi upgrades into its production models. According to CEO Elon Musk, the autonomous capabilities of Tesla vehicles will see a substantial enhancement as the Austin robotaxi build is incorporated into the general production release.
What to Expect from the Upgrades
The billionaire CEO announced on social media that the integration of Robotaxi upgrades will bring about a “step change improvement” in Tesla’s self-driving capability. Musk also stated that the company is currently validating the upgrades to ensure they do not pose challenges for other regions and cause any “regressions elsewhere.”
Regulatory Approval for Europe and China
While the upgrades are being validated, Tesla is awaiting regulatory approval for Europe and China. Musk expressed hope that the approval will be granted soon, paving the way for the company to roll out its enhanced autonomous features in these regions.
Why the Upgrades Matter
The updates from Musk come at a time when Tesla has been under scrutiny for its self-driving technology. The company has faced criticism and controversy, including a recent court hearing in Miami where a Tesla engineer confirmed that the company did not maintain Autopilot records before 2018. Furthermore, Tesla may face tougher oversight on its autonomous driving ambitions, with President Donald Trump’s pick to lead the NHTSA calling for stricter regulations on autonomous driving in the US.
Other Developments at Tesla
In other news, Tesla has appointed a senior IT executive, Raj Jegannathan, to lead the company’s sales team. Interestingly, Jegannathan lacks traditional sales experience, with his expertise lying in IT. This move comes after Troy Jones exited the company following a 13-year stint.
Tesla’s Performance and Prospects
Tesla offers satisfactory momentum and quality, while scoring well on the Growth metric. However, the company’s Value score is poor. For more insights and analysis, consider checking out stock rankings and mobility coverage.
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