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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, October 22, 2020

Tesla Sees Another Strong Quarter


Tesla reported a 39% year-on-year increase in revenue for the third quarter, thanks to "substantial growth in vehicle deliveries". Providing an update on its self-driving systems, it said: "Our Autopilot team has been focused on a fundamental architectural rewrite of our neural networks and control algorithms. This rewrite will allow the remaining driving features to be released. In October, we sent the first FSD [full-self-driving] software update enabled by the rewrite to a limited number of Early Access Program users City Streets." As it collects data over time, the system will become more robust, Tesla added.  

"It's also important to emphasise that this is a generalised neural net-based approach," Tesla CEO Elon Musk said on the conference call. "There is no need for high-definition maps or a cellphone connection. So the car — the system is designed such that even if you have no connectivity whatsoever and you're in a place that you have never been to before and no Tesla has ever been there, the car should still be able to drive, just like a person. That is the system that we are developing and aiming to release this year."

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