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Tesla to Offer Full Self-Driving System Licensing to Other Car Manufacturers

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Tesla Full Self-Driving Licensing

Tesla’s CEO Elon Musk made an unexpected statement during the company’s Q2 2023 investor call, revealing Tesla’s intent to license its Full Self-Driving (FSD) technology to other car manufacturers and OEMs. “We’re receptive to providing other car companies with licenses to our FSD software and hardware,” Musk declared. “Presently, we’re negotiating with a significant OEM regarding the integration of a Tesla FSD.” Furthermore, Musk announced a “one-time amnesty” in Q3, allowing owners to transfer their existing FSD subscription to a newly acquired Tesla.

Tesla continues to be the leading US electric vehicle producer, having set a new internal record with 479,700 vehicles manufactured and 466,140 delivered in Q2, marking an approximately 87% YoY increase. During the investor call, Musk highlighted that the Model Y took the crown as the best-selling vehicle “of any kind… outdoing even the Corolla,” in Q1.

The inaugural Cybertruck also emerged from the production line this quarter. Even though the vehicle’s official release photo didn’t reveal much, it is expected to enter full-scale production next year following tooling and regulatory certification. Musk remarked, “This is, to our knowledge, the first truck featuring four doors, a bed over six feet but still fitting into a 20-foot garage. It appears bigger externally, but it’s even more spacious internally.”

Tesla made news in Q2 by opening its proprietary charging port design to the rest of the industry. Mercedes, Volvo, Rivian, Ford, and GM have committed to implementing this design for their 2024 models in North America. Tesla’s charging network station capacity has expanded by a third since last year, with 48,082 chargers distributed across 5,265 stations worldwide.

However, the last quarter wasn’t without controversies. The company faced accusations of its executives receiving excessive compensation of $735 million since 2017, and suspicions about Musk misusing company funds for constructing a literal “glass house.”

The investor presentation on Wednesday highlighted Tesla’s pledge to remain a leader in AI development with the commencement of Dojo training computers production. These systems will assist Autopilot developers in refining future designs and features. “Our AI development is ushering in a new era, and we’re thrilled about the upcoming prospects,” Musk stated.

He acknowledged that currently, only around 10 early prototypes are in operation, “but the number is growing monthly.” The company is facing difficulties sourcing actuators for its Optimus robot, leading to in-house development. Musk expects an Optimus equipped with these self-designed actuators to be “up and moving” by November, and to “serve a practical purpose in our factories sometime next year.”

Frequently Asked Questions (FAQs) about Tesla Full Self-Driving Licensing

What did Elon Musk announce during Tesla’s Q2 2023 investor call?

Elon Musk, during Tesla’s Q2 2023 investor call, announced Tesla’s intent to license its Full Self-Driving (FSD) system to other car manufacturers and OEMs. Furthermore, he declared a one-time amnesty in Q3 for owners to transfer their existing FSD subscriptions to a newly purchased Tesla.

How did Tesla perform in terms of vehicle production and delivery in Q2 2023?

In Q2 2023, Tesla set a new internal record by manufacturing 479,700 vehicles and delivering 466,140 of them. This marked an approximately 87% increase YoY.

What progress has been made on the Cybertruck production?

The first production Cybertruck rolled off the assembly line in Q2 2023. The Cybertruck line has entered tooling and is expected to begin full-scale production next year after regulatory certification.

What controversies did Tesla face in the past quarter?

In the past quarter, Tesla faced scandals involving accusations of its executives being overpaid by $735 million since 2017, and Elon Musk allegedly misusing company funds to build a literal “glass house.”

What is the status of Tesla’s AI development and the Optimus robot?

Tesla is beginning production of its Dojo training computers, which will aid in the advancement of its AI development. The company currently has around 10 early prototypes of the Optimus robot in use and plans to design its own actuators due to sourcing difficulties. An Optimus with these self-designed actuators is expected to be operational by November and to serve a practical purpose in factories by next year.

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5 comments

AutonomousTom July 20, 2023 - 2:56 am

As an AI enthusiast, really looking forward to seeing what Tesla’s Dojo computers can do. could be a real game changer.

Reply
MoneyMatters101 July 20, 2023 - 11:27 am

can’t believe those Tesla execs raked in $735 mill since 2017?! hope shareholders get a piece of that pie too.

Reply
ElecCarFan23 July 20, 2023 - 7:32 pm

Tesla’s always pushin’ the boundaries. I mean, licensing the FSD tech to other car makers? Musk is on another level man.

Reply
GreenFuture4us July 20, 2023 - 11:01 pm

wasn’t too sure about the Cybertruck when it first got announced. But gotta say, 4 doors and a six-foot bed fitting into a 20-foot garage! That’s practical…

Reply
GlossyHouseBuilder July 21, 2023 - 12:01 am

So elon’s literally building a glass house, huh? Talk about living in a fishbowl. lol.

Reply

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