Tesla's CEO Musk Acknowledges Full Self-Driving Feature Still Unready Despite Customer Purchases

Tesla CEO Elon Musk has admitted that the complete version of the corporation’s Full Self-Driving (FSD) technology is still not prepared for public launch—and there is no specific timeline for when it will be accessible.

Following the announcement of Tesla’s Q1 2025 financial results, Musk provided an update to shareholders concerning the firm's autonomous driving initiatives during a conference call. He underscored these efforts as crucial for the company’s upcoming developments. according to Daily Galaxy.

Since 2016, Tesla has promoted cars stating they come equipped with the required technology for full self-driving capabilities—this claim substantially driving up sales of the Full Self-Driving option—which can add as much as $12,000 to the purchase price.

During the conversation, Musk stated, "Upgrading the Hardware 3 computer will be necessary" to attain genuine autonomous driving functionality, as per the report from the source.

The announcement led to customer outrage over perceived deception, causing Tesla to shoulder the expenses for updating the older Hardware 3 in impacted cars to the new Hardware 4— an initiative that experts believe might cost several hundred million dollars.

Previously, Tesla encountered legal action over claims of misleading advertising, particularly when transitioning from Hardware 2 to Hardware 3. In response, they provided complimentary upgrades to certain customers who were impacted.

Ever since pledging self-driving features back in 2016, the firm has consistently pushed back the launch dates due to numerous updates to its hardware throughout each phase of development.

From nationwide boycotts Due to growing competition and market pressures, Musk has encountered considerable obstacles with Tesla, partially because of his choice to align with President Donald Trump, as The News Pulse Previously mentioned — issues brought to light by its initial quarter deliveries not meeting projections.

A third of Musk’s approximate $330 billion wealth is locked into assets he cannot easily liquidate. Tesla stock. Even though the corporation’s share value once climbed to a high of $479 not long after Trump’s victory in the November 2024 election It has subsequently dropped by 48%, making it Tesla's lowest quarterly figure since 2022.

"We aren’t going to view these figures through rosy lenses… they fell short across all metrics. Both theStreet and we anticipated a poor Q1, but this turned out to be even more disappointing than predicted," said Wedbush Securities. analyst Dan Ives said of the results.

In the initial quarter of 2025, Tesla delivered 336,681 vehicles, which is 50,000 less compared to the same time last year, leading to a 13% drop in sales from 2024. This marks the biggest decrease in deliveries since the company began tracking these numbers. The downturn was particularly noticeable in Europe and occurred alongside increasing rivalry from Chinese automakers.

What they're attempting to do is exert enormous pressure on both myself and Tesla, presumably hoping we'll cease our current activities," Musk stated on March 30, according to The News Pulse. "The value of my Tesla shares, along with those held by all Tesla investors, has more or less halved. It's quite significant.

Nevertheless, Musk stays hopeful, stating, "In the long run, I believe Tesla's stock will perform well, making it potentially a good time to buy."

The post Tesla CEO Elon Musk Acknowledges That Full Self-Driving Capability Is Not Yet Operational DespiteCustomers Paying for the Feature appeared first on The News Pulse .

The post The CEO of Tesla, Elon Musk, Acknowledges That Full Self-Driving Capability Is Not Yet Operational Despite Customers Paying for It appeared first on The News Pulse .