Gary Zhou 
- 🚗 Tesla Full Self-Driving (FSD) users have passed 1.3 billion cumulative miles, and this number is expected to increase rapidly in the coming quarters.
- 💰 Tesla has made FSD more affordable by offering it as a $99 per month subscription, contributing to the rapid growth in cumulative miles driven.
- 🤖 Tesla has rolled out FSD (Supervised) V12, which has helped push the cumulative FSD miles to over 1 billion.
- 📈 Tesla owners are now driving an average of 14.7 million miles on FSD per day, a 250% increase from 3 months ago.
- ⏱️ It took Tesla 3.5 years to hit its first 1 billion miles driven on FSD, but it only took a few months to achieve another 300 million miles after the launch of Supervised FSD V12.
- 🚘 Tesla plans to unveil a dedicated Robotaxi, called the “Cybercab,” on August 8, 2024, as part of its focus on autonomy.
- 📊 Tesla’s first-quarter results were well-received by investors, with shares rising 13.33% in Wednesday’s after-hours trading.
In the relentless pursuit of autonomous driving technology, Tesla has reached a pivotal milestone that underscores the company’s unwavering commitment to this ambitious goal. The electric vehicle giant has announced that its Full Self-Driving (FSD) users have collectively driven a staggering 1.3 billion cumulative miles, and this number is poised for an even sharper increase in the coming quarters.
The Subscription Model: Democratizing Autonomous Driving
One of the key factors driving this rapid growth in cumulative miles is Tesla’s strategic move to offer FSD as a subscription service. By making the cutting-edge technology available for a monthly fee of $99, Tesla has effectively democratized access to autonomous driving capabilities, opening the door for a broader range of users to experience and contribute to the development of this groundbreaking technology.
Subscription Surge
The introduction of the FSD subscription model has not only made the technology more accessible but has also fueled a surge in adoption. As more drivers embrace the convenience and affordability of the subscription service, the volume of real-world data collected by Tesla’s fleet of FSD-equipped vehicles has skyrocketed, providing an invaluable resource for refining and enhancing the autonomous driving algorithms.
FSD (Supervised) V12: A Breakthrough in Vision-Based Autonomy
Tesla’s commitment to pushing the boundaries of autonomous driving technology is exemplified by the recent release of FSD (Supervised) V12. This cutting-edge update has played a pivotal role in propelling the cumulative FSD miles beyond the 1 billion mark, underscoring the company’s unwavering belief in the vision-based approach to autonomy.
The Power of Cameras and AI
Tesla’s vision-based approach relies on an intricate network of cameras and advanced artificial intelligence algorithms to navigate the complexities of the road. By eschewing traditional sensor technologies in favor of this vision-centric strategy, Tesla has demonstrated its confidence in the scalability and adaptability of this approach, paving the way for a future where autonomous driving is seamlessly integrated into our daily lives.
Exponential Growth: From Crawl to Sprint
The rapid acceleration in cumulative FSD miles is a testament to the exponential growth trajectory that Tesla’s autonomous driving efforts have embarked upon. While it took the company an impressive 3.5 years to reach the first billion miles driven on FSD, the subsequent 300 million miles were achieved in just a few short months following the launch of Supervised FSD V12.
This remarkable achievement underscores the power of Tesla’s iterative approach to development and the company’s ability to leverage the vast troves of real-world data collected by its fleet of vehicles. As the volume of data continues to grow, so too does the capacity for Tesla’s AI algorithms to learn, adapt, and refine their autonomous driving capabilities.
The Cybercab: Revolutionizing Urban Mobility
As Tesla continues to push the boundaries of autonomous driving technology, the company is also setting its sights on revolutionizing urban mobility with the unveiling of the highly anticipated “Cybercab.” Scheduled for an official debut on August 8, 2024, this dedicated Robotaxi promises to usher in a new era of efficient, sustainable, and seamless transportation solutions.
A Vision for the Future
The Cybercab represents Tesla’s vision for the future of urban transportation, where fleets of autonomous electric vehicles seamlessly navigate city streets, reducing congestion, minimizing emissions, and providing a convenient and accessible mobility solution for all. By leveraging the vast data and expertise garnered through the FSD program, Tesla aims to create a truly revolutionary mobility platform that will reshape the way we perceive and experience transportation in urban environments.
Investor Confidence and Market Impact
Tesla’s remarkable achievements in the realm of autonomous driving have not gone unnoticed by investors and the broader market. The company’s first-quarter results, buoyed by the impressive strides made in FSD development, were met with resounding positivity, with Tesla shares (NASDAQ:TSLA) surging 13.33% in Wednesday’s after-hours trading.
This vote of confidence from the investment community underscores the immense potential and transformative impact that Tesla’s autonomous driving technology holds, not only for the company itself but for the entire transportation industry as a whole.
As Tesla continues to push the boundaries of what is possible, the world watches with bated breath, eagerly anticipating the next groundbreaking development that will propel us closer to a future where autonomous driving is no longer a novelty, but a seamless and integral part of our daily lives.
