Tesla delays the release of self-driving beta software

By: Miguel A. Rodriguez

17:15, 11 October 2021

Tesla isn't ready to launch its Full Self-Driving Beta 10.2 software. The release got postponed

In a tweet posted Saturday, CEO Elon Musk announced that Tesla is not ready yet to launch Beta 10.2 software for its Autopilot system due to concerns about its build. According to a previous tweet, the company had planned to release the Full Self-Driving Beta 10.2 to about 1,000 Tesla vehicle owners with a perfect 100/100 safety score.

The delay follows a disappointing rollout of another Tesla program – Full Self-Driving Beta 9.2 – which was supposed to take place in August. For the current rollout, they will need several days to analyze the results. If successful, it will gradually be implemented to vehicles with scores of 99 and below.

Besides the delayed software rollout, Tesla recently came under the spotlight with its ability to produce vehicles, being compared with Xpeng and Nio. According to the published figures, China’s electric car companies are ramping up production faster than Tesla did in its early years.

The US-listed Xpeng revealed that it produced 100,000 cars – only six years after its launch. Its Chinese rival – Nio – reached that milestone in April. The latter was founded in late November 2014 under a different name and became Nio in July 2017.

For comparison, Tesla took 12 years from its 2003 launch to produce 100,000 vehicles. The US-based EV maker has increased the production capacity with factories in Shanghai and Berlin.

The delay didn’t have much impact on Tesla stock price. Regardless of the recent movement, Tesla shares have been up 11% since the beginning of the year. Its competitors aren’t so lucky: Xpeng lost 12% year-to-date, while Nio dropped 25%.

Sources: cnbc.com, finance.yahoo.com, marketwatch.com

Share this article

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.