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Tesla snaps win streak: Buy or bail?
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Elon Musk signals reaching limit of Tesla's HW3 despite self-driving promise, may need HW5 or more

Elon Musk is signaling that Tesla is close to reaching its limit with its HW3 onboard self-driving computer despite having yet to deliver on its self-driving promise.
In 2016, Musk announced that all Tesla vehicles built going forward have "all the hardware to enable self-driving". At one point, he even specified "level 5 self-driving", which is the highest level and means capable of driving anywhere, anytime, under any condition.
Shortly after this claim, the CEO signaled that Tesla was most likely wrong as it could need more computing power onboard the vehicle to run the self-driving system.
That's when Tesla introduced Hardware 3 (HW3).
Musk claimed that this computer would enable self-driving and everyone who bought the Full Self-Driving (FSD) package on prior vehicles, would get a computer retrofit for free (or rather included in the price they paid for FSD).
Since then, Tesla has introduced HW4, a more powerful onboard computer for its vehicles.
The CEO confirmed that HW3 will get the same release, but Tesla now has to optimize it in order to run on the lesser hardware.
This signals that Tesla is reaching the limits of HW3 and unlike what he said last year, HW4 is now being prioritized.
The CEO has publicly promised level 5 autonomy on all vehicles produced since 2016. Tesla has already been proven wrong with HW2, and now HW3 is seemingly reaching its limit.
It may need HW5 or more in order to enable actual FSD to Level 5 (if they can ever get there). Tesla has raked in huge amounts of money on the unfulfilled promise of FSD, and so far has been very reluctant to help owners make good use of their investment (by, say, making it easy to transfer your FSD purchase to a new Tesla rather than doing that only grudgingly for short periods of time).
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