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

Group 1 - Tesla is training a new Full Self-Driving (FSD) model with approximately 10 times the parameters and significant improvements in video compression loss, with a potential public release by the end of next month if testing is successful [1][3] - FSD is a partially automated driving system that requires drivers to maintain control and readiness to take over, serving as an upgrade to the existing Autopilot system available in Europe and China [2] - The FSD system utilizes an AI model that enhances the vehicle's ability to perceive its surroundings through cameras and sensors, indicating a focus on larger, more capable models trained on extensive data [3] Group 2 - FSD is a key component of Tesla's strategy for revenue growth and technological advancement in the competitive electric vehicle market, particularly as competition from Chinese automakers increases [4] - Currently, the market is more concerned with Tesla's core automotive sales, which have faced challenges, including a 16% decline in automotive revenue in the second quarter and significant drops in European sales [5] - Tesla's stock has experienced a decline of 23.55% this year, influenced by reputational issues stemming from CEO Elon Musk's strained relationship with the White House administration [5]