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Tesla plans to license autonomous driving system

July 21, 2023
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Tesla is set to license its Full Self-Driving system to other manufacturers, with a significant production increase and record delivery of electric vehicles. Controversial incidents at the company were highlighted, including allegations of executive overpayment and financial misappropriation.

Full Self-Driving (FSD) Licensing: Tesla announced plans to license its FSD system to other automakers and Original Equipment Manufacturers (OEMs).
  • Musk revealed ongoing discussions with a major OEM interested in using Tesla's FSD.
  • A one-time amnesty in Q3 will enable existing FSD subscription holders to transfer their subscriptions to a new Tesla.

  • Production and Delivery Figures: Tesla remains the leading US electric vehicle (EV) producer, breaking records for production and delivery.
  • The company built 479,700 vehicles and delivered 466,140 in Q2, marking an 87% YoY increase.
  • Model Y became the top-selling vehicle in Q1, outpacing competitors such as the Corolla.

  • Cybertruck Production: The first production Cybertruck has been assembled, with steady production anticipated next year.
  • Details about the vehicle remain limited due to the nature of its release photo.
  • Testing of the vehicle line is ongoing for regulatory certification and validation.

  • Charging Port Open to Industry: Tesla opened up its proprietary charging port design to the rest of the industry.
  • Several auto manufacturers, including Mercedes, Volvo, Rivian, Ford, and GM, will use this design for their North American models from the 2024 model year.
  • Tesla's charging network station capacity has grown by one-third from last year, boasting 48,082 chargers in 5,265 stations worldwide.

  • Company Scandals: The quarter saw numerous scandals at Tesla, including alleged overpayment of executives and suspicion of misappropriated funds.
  • Executives have been accused of being overpaid by $735 million since 2017.
  • Musk is suspected of misusing company funds to build a literal "glass house."

  • Artificial Intelligence (AI) Development: Tesla is pushing the boundaries of AI development, with the production of its Dojo training computers commencing.
  • The AI training computers will be used to help Autopilot developers create future designs and features.
  • Despite sourcing challenges for the Optimus robot's actuators, Tesla is designing its own, with a functional model expected by November.
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