Tesla has maintained a super high multiple since IPO and over the long term, with significant wobbles, the trend was strongly up. Betting on a multiple-collapse was a losing bet and burned several generations of short sellers. I know what I am talking about since I've been following the company since IPO analytically and analysed each and every single quarter's financials.
Don't confuse value with price. Price is simply what another party is willing to pay for something, whether it makes sense or not is actually secondary. Losing sight of this simple concept caused many investors to lose out on ungodly returns.
Readers reacted with a mix of ridicule, debate and occasional support after a story about a U.S. family spending about US$3,000 per person to experience rural life in Vietnam circulated on social media.
Details: https://t.co/VCVCyBBfL2
xAI: Here is what the inside the 800k sqft Colossus 3 in Southaven, Mississippi currently looks like. GPUs incoming!
More xAI news in today's ELON CHRON below!
Tesla has been working hard toward shipping Full Self-Driving (Supervised) in Europe for over 12 months now. We have given FSD demos to regulators of almost every EU country. We have requested early access, pilot release programs or exemptions where possible.
We have developed & shared detailed safety evidence for FSD, now public in our latest Safety Report. And we have driven over 1 million kilometers safely on EU roads across 17 different countries (internal testing).
Our main path to success is partnering with the Dutch approval authority RDW to gain exemption for the feature. This involves proving compliance with existing regulations (UN-R-171 DCAS) + filing an exemption (EU Article 39) for yet-to-be-regulated behaviors like Level 2 systems off-highway, system-initiated lane changes with hands-off the wheel etc.
Some of these regulations are outdated and rules-based, which makes FSD illegal in its current form. Changing FSD to be compliant with these rules would make it unsafe and unusable in many cases. While we have changed FSD to be maximally compliant where it is logical and reasonable, we won't sacrifice the safety of a proven system or materially deteriorate customer usability.
As a result, we are gathering evidence to get exemptions on a specific rule-by-rule basis. Unfortunately, the real world fleet-proven safety wins alone are considered insufficient.
Currently, RDW has committed to granting Netherlands National approval in February 2026. Please contact them via link below to express your excitement & thank them for making this happen as soon as possible. Upon NL National approval, other EU countries can immediately recognize the exemption and also allow rollout within their country. Then we will bring it to a TCMV vote for official EU-wide approval.
We're excited to bring FSD to our owners in Europe soon!
https://t.co/FhoK0xX81r
I took delivery of a beautiful new shiny HW4 Tesla Model X today, so I immediately took it out for an FSD test drive, a bit like I used to do almost daily for 5 years. Basically... I'm amazed - it drives really, really well, smooth, confident, noticeably better than what I'm used to on HW3 (my previous car) and eons ahead of the version I remember driving up highway 280 on my first day at Tesla ~9 years ago, where I had to intervene every time the road mildly curved or sloped. (note this is v13, my car hasn't been offered the latest v14 yet)
On the highway, I felt like a passenger in some super high tech Maglev train pod - the car is locked in the center of the lane while I'm looking out from Model X's higher vantage point and its panoramic front window, listening to the (incredible) sound system, or chatting with Grok. On city streets, the car casually handled a number of tricky scenarios that I remember losing sleep over just a few years ago. It negotiated incoming cars in tight lanes, it gracefully went around construction and temporarily in-lane stationary cars, it correctly timed tricky left turns with incoming traffic from both sides, it gracefully gave way to the car that went out of order in the 4-way stop sign, it found a way to squeeze into a bumper to bumper traffic to make its turn, it overtook the bus that was loading passengers but still stopped for the stop sign that was blocked by the bus, and at the end of the route it circled around a parking lot, found a spot and... parked. Basically a flawless drive.
For context, I'm used to going out for a brief test drive around the neighborhood to return with 20 clips of things that could be improved. It's new for me to do just that and exactly like I used to, but come back with nothing. Perfect drive, no notes. I expect there's still more work for the team in the long march of 9s, but it's just so cool to see that we're beyond finding issues on any individual ~1 hour drive around the neighborhood, you actually have to go to the fleet and mine them. Back then, I processed the incredible promise of vehicle autonomy at scale (in the fully scaleable, vision only, end-to-end Tesla way) only intellectually, but now it is possible to feel it intuitively too if you just go out for a drive. Wait, of course surround video stream at 60Hz processed by a fully dedicated "driving brain" neural net will work, and it will be so much better and safer than a human driver. Did anyone else think otherwise?
I also watched @aelluswamy 's new ICCV25 talk last week (https://t.co/RdaM23kvez) that hints at some of the recent under the hood technical components driving this progress. Sensor streams (videos, maps, kinematics, audio, ...) over long contexts (e.g. ~30 seconds) go into a big neural net, steering/acceleration comes out, optionally with visualization auxiliary data. This is the dream of the complete Software 1.0 -> Software 2.0 re-write that scales fully with data streaming from millions of cars in the fleet and the compute capacity of your chip, not some engineer's clever new DoubleParkedCarHandler C++ abstraction with undefined test-time characteristics of memory and runtime. There's a lot more hints in the video on where things are going with the emerging "robotics+AI at scale stack". World reconstructors, world simulators "dreaming" dynamics, RL, all of these components general, foundational, neural net based, how the car is really just one kind of robot... are people getting this yet?
Huge congrats to the team - you're building magic objects of the future, you rock! And I love my car <3.
10 drives in with FSD v14.1 and here are all my thoughts.
First of all- wow. Zero disengagements or interventions thus far. The confidence and overall human like driving is next level. The steering inputs are so smooth, braking inputs are earlier and more linear than before.
It gives off Robotaxi vibes with how it navigates parking lots, plus how it drives and how quickly it backs into a parking spot. Such a nice experience to ride along with it.
Seeing FSD now navigate parking garages is so cool. When you enter it waits for the arm to open after you get your ticket, proceeds in and finds a parking space. When you leave it does the same thing, gets close to the ticket stand and then proceeds. Really fascinating to see in person.
It really sometimes feels like FSD can now read signs in the garage to guide it to the exit. Brought it to the back corner of a garage and it found its way out.
Hurry mode is awesome, quick and more assertive than before, while also being smoother with less unnecessary lane changes. Sloth mode is what you’d expect- exact speed limit and gentle driving. Icons are cool and easy to change. When you start FSD from park, there’s no delay. It starts right away and leaves in a split second. Really good improvement.
I love being able to select the Arrival Options if I am parking curbside or in a charger, it also automatically chooses depending on where you navigate to.
It perfectly parks at Superchargers, tried it at the Tesla Diner and at the Santa Monica supercharger and both times it was excellent. Always centered in the lines and it parks better and quicker than the majority of humans do.
Only thing so far to note is one instance of slight braking when going around a bus blocking a lane, was probably not even 1/2 of a second and dropped 1-2mph but felt it. Super super minor.
Had FSD v14 move over for construction, a loose cone on a dark road, and obey a worker holding a stop sign. All of them were smooth and felt human like or better.
It pulls in and out of my driveway great, doesn’t hesitate at all as well as when at chargers. Everything has a quicker response time. Curbside is cool too as it pulls right up against the curb perfectly in a parking spot.
This release now means now 100% of your driving can now be done on FSD. From your driveway into a parking garage. Elon was right when he said it would feel sentient, and this isn’t even v14.2 yet.
The Tesla AI team COOKED with this update. It’s phenomenal. Huge congrats to them for such an epic release. This is a HUGE update and I can’t wait to drive it more.
It’s now 5am so I’m going to attempt to get some sleep, but tons more driving and videos coming later today as soon as I can. Thanks everyone for following along.
Tesla's 2025.26 software update has now started rolling out to customers. This update includes Grok, among other features.
Release Notes
https://t.co/0mykkFk948
https://t.co/0mykkFk948
They should do Grok + FSD guided tours of any city
Would be siiiick. Grok generates a tour route and fun facts / history for each stop. Can be totally customizable.