Tesla's share price has been falling for more than a month, mainly due to Elon Musk's growing political role and Tesla's sales momentum slowing, especially in the European Union. While some lull in sales is to be expected as Tesla retires the older Model Y in favor of its latest iteration, known as the Juniper, the complete loss of sales momentum we've seen in recent weeks has prompted some analysts to blame politicization and the consequent deterioration of the EV giant's brand image. However, Tesla continues to bravely move forward.
MoneyUDN reports that Tesla has chosen TSMC to produce its latest 3nm-4nm process FSD chips, while Samsung will continue to produce older versions of the chip. Previously, Tesla’s Dojo supercomputer, which was used to train the electric vehicle giant’s neural network, had used chips manufactured by TSMC’s 7-nanometer process.
According to reports, Tesla is rolling out FSD software updates in China to enhance driving assistance functions on urban roads, automatic lane changing, traffic sign recognition and updated local map packages. However, these features require upgrades to the HW4 Auto and Autonomous Driving subscription packages.
Meanwhile, Tesla continues to move toward its goal of launching an unsupervised FSD service in Austin, Texas, by June 2025, and soon in California, where the company has also applied to launch a ride-hailing service.
This coincides with a recent investment report from Needham, where analysts speculated that Tesla's long-term growth levers, especially related to FSD, self-driving taxis and Optimus humanoid robots, are "priced in" and that the electric vehicle giant is "a laggard" in self-driving shared vehicles and robots.