Following internal testing, Tesla initiated the rollout of Full Self-Driving (FSD) Beta Version 12 to select paying customers on Sunday night. The exact number of customers receiving FSD Beta V12 immediately remains to be determined. Tesla CEO Elon Musk has been touting significant improvements with Version 12 for months, often describing upcoming releases as “mind-blowing.” It’s important to note that despite its name, Full Self-Driving is categorized as a Level 2 driver-assistance system and does not represent full autonomy.
The release of the FSD Beta V12 is eagerly anticipated, as Musk has hinted at substantial advancements in Tesla’s driver-assistance software. The FSD Beta program allows select Tesla owners to test new features and improvements before a wider release.
Tesla’s Q4 earnings report, scheduled for Wednesday night, is expected to shed light on the company’s financial performance and provide insights into the progress of the Full Self-Driving program. However, managing expectations is essential as FSD remains a complex and challenging technology to realize fully.
Despite the anticipation surrounding FSD Beta V12, Tesla’s stock experienced a 3.1% retreat last week, marking its fifth consecutive weekly decline. Market dynamics and investor sentiment often influence Tesla’s stock movements, and the upcoming earnings report may contribute to market reactions.
As Tesla continues to innovate and refine its autonomous driving capabilities, the rollout of FSD Beta Version 12 represents a significant step in the company’s ongoing efforts to enhance the driving experience for Tesla owners. The market will closely watch developments in the Full Self-Driving program and Tesla’s broader financial performance in the coming days.