Tesla Tests New Full Self-Driving Model with Enhanced Parameters and Video Compression.

Tesla has launched testing for an upgraded Full Self-Driving model, with approximately ten times the number of parameters as its predecessor. The new model includes significant improvements in video compression loss. If the tests are successful, the system may be publicly available by the end of next month, according to CEO Elon Musk.

Tesla (NASDAQ:TSLA) has announced significant improvements to its Full Self-Driving (FSD) model, with CEO Elon Musk hinting at the upcoming release. The new model features approximately ten times the number of parameters as its predecessor, along with substantial enhancements in video compression loss. Musk indicated that the system could be ready for public release by the end of next month, pending successful testing [1].

The announcement comes amid growing scrutiny over Tesla's self-driving technology. In August, a Florida jury ordered Tesla to pay USD 243 million in damages for a 2019 crash where a Model S on Autopilot ran a stop sign and hit a parked SUV, killing one passenger and injuring another. The jury found Tesla 33 percent liable, despite the company arguing the driver was solely at fault [2].

Additionally, Tesla is facing a shareholder lawsuit alleging that the company overstated the capabilities of its Full Self-Driving and robotaxi tech. The suit claims that Tesla made "materially false and misleading" statements about the effectiveness and legality of its autonomous features [3].

Despite the controversies, Tesla's stock rose 2% following Musk's announcement. However, no official timeline or technical breakdown for the new FSD model has been provided yet.

References:
[1] https://seekingalpha.com/news/4479688-elon-musk-teases-notable-improvements-for-teslas-new-fsd-model
[2] https://qz.com/elon-musk-says-tesla-training-new-full-self-driving-model-amid-autopilot-woes
[3] https://www.notebookcheck.net/Tesla-s-next-FSD-model-to-be-10x-larger-as-legal-trouble-grows.1081564.0.html