Tesla (TSLA) CEO Elon Musk said over the weekend that the next big update to Full Self-Driving will be “coming soon.” Meanwhile, Tesla is offering a new discount on the Model Y in China as it makes a big year-end sales push.
Tesla stock was indicated higher on Robinhood.
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Back in September, Tesla’s AI team, in a post on Elon Musk’s X, targeted releasing FSD v13 by the end of October. In late October, the AI team said it aimed to get the latest FSD v13 by Thanksgiving.
Late Saturday, Elon Musk said on X that it would be “coming soon,” but gave no specifics.
Tesla and Musk timelines often slip, especially with FSD.
Musk, who has been saying Tesla will achieve self-driving “this year” or “next year” for almost a decade, recently pegged mid-2025 as when FSD will go unsupervised in Texas and California.
President-elect Donald Trump’s transition team reportedly wants to devise a framework for federal self-driving rules, something Trump supporter and adviser Musk has called for. Investors see that as smoothing the path to Tesla robotaxis. But Tesla FSD, despite its name, is still a long way from being self-driving.
Tesla China Discount
Tesla China on Sunday announced a 10,000 yuan ($1,381) discount on the Model Y real-wheel drive and long-range all-wheel drive variants. Buyers must take delivery by year-end. That’s on top of a five-year, 0%-interest loan offer.
The vast majority of Tesla’s sales in China are for the Model Y, with most of the those the entry-level RWD version.
Tesla is driving to drive up global sales in Q4, offering a variety of discounts and incentives around the market. Musk said on the Q3 earnings call that he expected full-year deliveries to top last year’s level.
Tesla China sales have been holding at or above quarterly records, but short delivery wait times have suggested that little cushion.
Tesla Stock
Tesla stock rose modestly in Sunday night trading on Robinhood.
Tesla stock jumped 9.9% last week to 352.56, hitting a two-year closing high on Friday. Shares have skyrocketed 41% so far in November as investors bet on a huge Trump boost.
Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.
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