Musk: "Tesla Training New FSD Model... Official Launch Expected Late Next Month"
Tesla is currently training an upgraded version of its Full Self-Driving (FSD) model and could release it as early as next month, CEO Elon Musk announced on August 6 (local time).
According to U.S. business media outlet CNBC, CEO Musk stated on the social networking service X (formerly Twitter) that "Tesla is training a new FSD model with about 10 times more parameters and significantly improved video compression loss," adding, "If testing goes smoothly, there is a high possibility of an official release around the end of next month."
Parameters in an artificial intelligence (AI) model are akin to brain cells; the more there are, the more complex judgments and recognitions the model can make. This means Tesla is developing a model that is 10 times more sophisticated and capable of more accurate interpretation.
FSD is Tesla's partially automated driving system. Drivers must remain ready to take control of the steering wheel or braking at any time. This system is also an upgraded version of Tesla's Autopilot driver assistance system, which is already in use in Europe and China.
Tesla's FSD is considered a key driver of the company's sales growth and technological advancement in the increasingly competitive electric vehicle market, where Chinese companies are rapidly rising. Investors are hopeful that Tesla's future hinges on autonomous driving.
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However, Tesla has recently been facing difficulties due to sluggish sales. In the second quarter, automotive revenue fell by 16% compared to the same period last year, and sales in the European market also plummeted. CEO Musk's political involvement has generated negative sentiment, and the relationship between CEO Musk and U.S. President Donald Trump has also deteriorated. As a result, expectations for Tesla have declined, and the stock price has dropped by 23.55% so far this year as of the morning of the article's publication.
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