Tesla(US:TSLA) 大鱼聊电动·2025-10-08 10:42FSD V14 Key Updates & Technology - FSD V14.1% focuses on refining existing capabilities rather than introducing entirely new features, emphasizing practicality for everyday use [1] - The "Arrival Options" system offers a Robotaxi-style drop-off experience, demonstrating advanced path planning in complex, non-standard environments [1] - The new "Sloth Mode" aims to personalize the driving experience, making FSD's behavior more aligned with human driving habits to build trust [1] - FSD V14's neural network model has 10 times more parameters than previous versions, enhancing its ability to understand, remember, and correlate driving scenarios [1] Hardware Controversy & Business Model - The FSD V14 update is primarily being rolled out to vehicles equipped with HW4 computers, creating uncertainty for millions of HW3 owners who were promised full self-driving capabilities [1][2] - Tesla may shift from a one-time software purchase model to a bundled hardware and software subscription service, potentially requiring hardware upgrades every few years [2] - The value of Tesla's used cars may be significantly affected by hardware versions, creating complexity and risks for owners' asset preservation [3] Industry Competition & Market Valuation - The automatic driving competition is mainly led by two different technical philosophies and business paths, represented by Tesla and Google's Waymo [3] - Wedbush analysts view FSD as Tesla's "golden goose," predicting a potential market capitalization of $2 trillion by early 2026 and $3 trillion by the end of 2026 [3] - JPMorgan analysts maintain an "Underweight" rating on Tesla, focusing on car deliveries and sales data while largely ignoring the potential of autonomous driving, robotics, or energy storage [3]