Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month

Tesla is gearing up to unveil a significantly enhanced Full Self-Driving (FSD) model, which CEO Elon Musk announced is currently undergoing training. Musk shared on social media that this new model features approximately ten times the parameters of its predecessor, along with notable improvements in video compression. If all goes smoothly during testing, the public could see this advanced technology by the end of next month. The FSD system is designed to facilitate automated driving, allowing Tesla vehicles to navigate various situations with minimal input from the driver. However, it's essential for drivers to keep their hands on the wheel and be prepared to take control at any moment. This upgraded model will serve as an enhancement to Tesla's existing Autopilot system, which is already in use across Europe and China. Musk's mention of "10X params" indicates a more extensive model that has been trained on a larger dataset, making it more adept at interpreting its surroundings through the car's cameras and sensors. The FSD initiative is crucial for Tesla's strategy to boost revenue and technological prowess in an electric vehicle market that is becoming increasingly competitive, particularly with the rise of Chinese manufacturers. While many Tesla enthusiasts are optimistic about the company's future in autonomous driving technology, there are pressing concerns regarding the core business of vehicle sales. Recently, Tesla reported a 16% drop in automotive revenue for the second quarter, alongside significant declines in its European market. The company’s stock has faced challenges this year, declining by 23.55% as of Wednesday morning, compounded by reputational issues stemming from Musk's strained ties with the current White House administration.