Tesla(US:TSLA) Xin Lang Cai Jing·2025-09-28 16:21Core Insights - Tesla's FSD version 14 is expected to be released soon, with significant improvements in driving experience, likened to having "perception" [1] - The FSD system's competitive data loop capabilities provide a solid foundation for rapid iteration and performance enhancement [2] - The anticipated performance improvements from FSDV14 may exceed market expectations due to substantial growth in model parameters and the introduction of multimodal capabilities [3] Group 1: FSD Version Updates - FSDV14 is projected to be released next week, followed by versions 14.1 and 14.2, with 14.2 expected to deliver unprecedented intelligence in driving experience [1] - The FSD system has shown significant improvements in key metrics, such as city takeover mileage increasing from an average of approximately 100 miles per instance in FSD12 to over 200 miles in FSD13 [2] Group 2: Performance and Data Capabilities - The rapid growth in model parameters may lead to performance improvements that surpass the expected linear enhancements, potentially due to foundational changes similar to large language models [3] - The introduction of SDF network technology and audio data allows FSDV14 to achieve a refined understanding of the physical world, transitioning from single-visual capabilities to multimodal collaboration [3] Group 3: Investment Analysis - If FSDV14's performance exceeds expectations, it could drive technological transformation in the autonomous driving industry, with a focus on companies like XPeng Motors and Li Auto [4] - The release of FSDV14 may further advance Tesla's Robotaxi business, prompting interest in related domestic companies such as Pony.ai and WeRide [4]