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Experience Banking that keeps up with you welcome.
Back to the Elon Musk. Podcast.
This is a show where we discuss the critical Crossroads, the
Shape, SpaceX, Tesla X, The Boring Company, and Neuralink,
and I'm your host, Will Walden. Tesla is gearing up to release a
new update for its full self driving system, version 12.4,
which is anticipated to launch sometime next week.
Elon Musk recently announced this on his X account,
highlighting significant advancements and improvements in
the system, and this update follows the previously released
version 12 point 3.6 and aims to enhance the driving experience
by refining how the car handles accelerating and braking.
Now Musk has expressed that the latest version of Tesla's FSD
will dramatically improve user experience, asserting that it
will blow your mind. This update, FSD 12.4,
reportedly features nearly entirely retrained models with
focus on smoothed out riding, addressing common concerns about
the abruptness of the cars movements.
Now, according to Musk, the Autopilot team at Tesla has
moved beyond resolving urgent safety concerns to refining the
system's performance, indicating a significant progression in the
technology's development. He noted.
The final touches are. For comfort.
As it sometimes accelerates or brakes too fast for most
people's taste, this improvement suggests that the fundamental
functionalities of FSD have reached a reliable baseline,
allowing the team to focus on enhancing user comfort.
And beyond the immediate release, Tesla is already
working on subsequent versions of the FSD tech.
Versions 12.5 and 12.6 are currently in different stages of
testing, dealing with complex driving scenarios that include
navigating through narrow one way roads and managing
unexpected Rd. closures effectively.
Now must detail the specific scenario being tested where
Tesla needs to reverse out of a blocked path and find a new
route. He said that it's very important
of these updates being communicated across Tesla's
network to avoid congestion and sure all vehicles are aware of
changes within real time. Now these advancements are
particularly crucial as Tesla prepares to launch its Robo Taxi
model. Quote The Cyber Cab scheduled to
be introduced on August 8th of 2024.
Now the ongoing development in FSD technology is crucial for
the success of this new venture as autonomous driving
capabilities will be a key feature of the Cyber Cab.
Now Tesla's recent enhancements also include improvements in
parking technology. Latest FSD update prior to 12.4
introduces features like Auto Park and High Fidelity Park
Assist specifically designed for vehicles equipped with
ultrasonic sensors in North America.
Now, Musk's ongoing communication on X serves as a
primary source for updates on Tesla developments, and his
posts provide insights into both the current enhancements and the
strategic direction for future updates, ensuring that Tesla
users and fans and enthusiasts are well informed about what to
expect. So Tesla's efforts are not just
limited to hardware improvements, but also
significant investments in AI. Musk has committed approximately
$10 billion in 2024 for developing AI capabilities,
essentially for maintaining Tesla's competitive edge in
automotive technology and with an eye on global markets.
Tesla is preparing for the expansion of its FSD tech,
starting with China, and Musk's recent discussions in Beijing
indicate that Tesla is negotiating terms for FSD
development and data sharing, essentially steps for launching
the technology in new markets. However, while Tesla is
optimistic about its expansion in left hand drive countries,
right hand drive markets such as the UK and Australia might see
delays, and Musk acknowledges the challenges and expresses A
cautious optimism toward achieving successful rollouts in
these regions. Now, on a different note, Tesla
appears to be undergoing organizational changes back in
the US Recent reports suggest a hiring freeze with a significant
reduction in job listings. On Tesla's career page, they
wiped out all career listings. This is for a broader
restructuring within the company and only a few positions are
currently advertised, mainly for Tesla's manufacturing
development program in the USA. Significant decrease from
previous listings. This change follows a series of
layoffs aimed at streamlining the operations and enhancing
productivity across the company. It's been about 14,000 people
that have been laid off or fired from Tesla and must.
Communication with Tesla employees highlights his focus
on efficiency and cost reduction.
In a recent internal communications, he's showed that
the necessity of these measures to prepare for future growth and
the harsh reality of job cuts within the US and also a
shifting direction of Tesla towards AI.
The recently layoffs have affected many employees across
various departments, indicating a significant reshaping of
Tesla's workforce. This includes high profile
executives and senior positions, suggesting a major reevaluation
of staffing needs against the backdrop of Tesla's evolving
strategic goals like getting rid of the $25,000 lower price Tesla
car and moving towards the cyber cab.
Now, despite these challenges, Musk continues to advocate for
rigorous standards within his team, demanding high performance
and essential contributions as criteria for job security.
This approach reflects his broader vision for Tesla as a
leaner, more focused entity capable of sustaining innovation
and efficiency, and as Tesla navigates these internal changes
and external advancements in technology.
So the success of these updates and the integration of advanced
AI and autonomous driving caabilities will likely play a
crucial role in Tesla's future, especially with the ucoming
launch of the cyber cab. Hey, thank you so much for
listening today. I really do appreciate your
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