Tesla to pull back latest version of full self driving system? Details inside


New Delhi, First Published Oct 26, 2021, 4:10 PM IST

Due to misleading crash alerts and other difficulties, Tesla has temporarily withdrawn the newest version of its Full Self-Driving (FSD) beta software less than a day after its release. In a tweet, Tesla CEO Elon Musk stated that the reversal was due to “some difficulties” with version 10.3.  Musk wrote to the micro-blogging site:  “Seeing some difficulties with 10.3, so temporarily reverting to 10.2.”  He further added, “Please keep in mind that this is to be expected with beta software. It isn’t easy to test all hardware configurations under all scenarios with internal QA (quality assurance). Therefore we’re doing a public beta.”

The Tesla FSD Beta project aims to enable Tesla automobiles to drive themselves on highways and city streets by entering a location into the navigation system. However, because it needs ongoing driver monitoring, it is still categorized as a level 2 driving aid. The driver is still in command of the vehicle and must keep their hands on the steering wheel and be ready to take control at any time. Musk has been promising clients who purchased the FSD package (which now costs $10,000) a wider distribution of the beta software for quite some time.

Full self-driving capabilities include Autopilot navigation, Auto Lane Change, and Summon (moves your car in and out of a tight space using the mobile app or key). There have also been multiple Tesla Autopilot-related crashes, which the National Highway Traffic Safety Administration is now investigating in the United States.

Also Read | Tesla eclipses $1 trillion market value, sixth company in US history

Recently, CNN reported that Tesla eclipsed the $1 trillion market value to become the sixth company to do so in US history. Boosted by two spots of good news, shares popped more than 12% Monday to close at about $1,025. The report added that Hertz announced a record order of 100,000 Teslas for its fleet, and influential Morgan Stanley auto analyst Adam Jonas recently raised his price target on Tesla to $1,200 a share.

Tesla (TSLA) gained over the $1 trillion mark in just that hefty one-day gain. That market capitalization is less than half that of Apple (AAPL), the most valuable company globally at $2.5 trillion, and No 2 Microsoft (MSFT), which is worth $2.3 trillion. Other members of the trillion-dollar club include Google parent Alphabet (GOOG), worth $1.8 trillion, and Amazon (AMZN), at $1.7 trillion.

Also Read | Tesla sells 56,006 China-made vehicles in September, highest since manufacturing began in Shanghai



Last Updated Oct 26, 2021, 4:10 PM IST

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