Tesla's FSD Was a ‘Fast Fail’ For Us: Truist Analyst
Updated: November 19, 2024
Summary
The test drive of a Tesla with full self-driving (FSD) software in suburban New York resulted in a quick failure when the car made an illegal left turn through a red light from the wrong lane. Despite generating revenue, the current FSD technology is not yet suitable for a future robotaxi service, which is crucial for Tesla's stock value. The discussion focuses on the significance of FSD readiness and its impact on the realization of a successful Robotaxi service, with the analyst sharing personal experiences with FSD updates and testing plans.
Fast Fail Due to Illegal Move
The test drive with FSD resulted in a fast fail due to the car making an illegal left turn through a red light from the wrong lane. The move was clearly illegal and would likely have led to being stopped by an officer if the driver had been in control.
Test Details and Purpose
The test drive was in a Tesla vehicle with the latest software in suburban New York, covering a ten-mile drive. Despite multiple tests, each one revealed failures that deem full self-driving inappropriate for current use, especially in comparison to the expectations for a future robotaxi service.
Future of Tesla and Autonomous Driving
The guest, an equity research analyst, discusses Tesla's future in AI and autonomous driving. While revenue is being generated from FSD currently, the technology is not deemed functional for a robotaxi future. The significance of Robotaxi success to Tesla's stock value is emphasized, with about two-thirds of the stock's value tied to AI projects.
Significance of Robotaxi Success
The critical importance of Robotaxi success to Tesla's stock value is highlighted, with approximately two-thirds of the stock's value linked to AI projects. The readiness of FSD and its impact on the realization of a functioning Robotaxi service are key factors to watch. The analyst shares personal experiences with FSD updates and testing plans based on major upgrades or company requests.
FAQ
Q: What were some failures observed during the test drive with FSD?
A: The car made an illegal left turn through a red light from the wrong lane.
Q: Why is the full self-driving technology not considered suitable for current use?
A: Despite multiple tests, the technology revealed failures that make it inappropriate for current use.
Q: How is revenue being generated from FSD currently?
A: Revenue is being generated from FSD currently, although the technology is not deemed functional for a future robotaxi service.
Q: What is the significance of Robotaxi success to Tesla's stock value?
A: Approximately two-thirds of Tesla's stock value is tied to AI projects, with Robotaxi success being critical.
Q: What are some key factors to watch concerning the readiness of FSD and its impact on a functioning Robotaxi service?
A: The readiness of FSD and its impact on the realization of a functioning Robotaxi service are key factors to watch.
Get your own AI Agent Today
Thousands of businesses worldwide are using Chaindesk Generative
AI platform.
Don't get left behind - start building your
own custom AI chatbot now!