Part 4/10:
A significant focus of this earnings report was Tesla's ongoing commitment to advancing Full Self-Driving technology. The company aims to enhance FSD supervised systems rapidly to exceed human driving safety standards. They revealed plans to launch an unsupervised FSD option and begin a robo-taxi business in select U.S. regions later this year, with expansions planned for Europe and China in 2025.
Tesla reported impressive safety metrics for its Autopilot and FSD systems, noting that vehicles equipped with Autopilot technology drove 5.94 million miles between accidents in Q4, which exemplifies the positive strides the company is making in developing safer driving technologies.