A prominent Wall Street analyst has reported a milestone for Tesla Inc.'s (NASDAQ:TSLA) Full Self-Driving technology, completing an unassisted journey from Manhattan to Connecticut, marking a notable advancement in the company's autonomous driving capabilities.
What Happened: Pierre Ferragu, an analyst at New Street Research, shared his experience on X, formerly Twitter, stating, "Last night FSD got me out of deep into Manhattan and drove me back home to Connecticut. Got through a number of challenging and confusing situations with mastery. Not a single intervention. Robotaxi never felt that close ever before."
For context, the drive from Manhattan to Connecticut spans approximately 94.7 miles and typically takes up to 1 hour and 45 minutes.
The successful navigation of complex urban environments represents a significant step forward for Tesla's autonomous driving technology, particularly in challenging city conditions where self-driving systems typically face their greatest tests.
Last night FSD got me out of deep into Manhattan and drove me back home to Connecticut. Got through a number of challenging and confusing situation with mastery. Not a single intervention. Robotaxi never felt that close ever before...
— Pierre Ferragu (@p_ferragu) November 17, 2024
This development comes as Tesla continues to enhance its FSD technology amid growing competition in the autonomous vehicle sector from companies like Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG)-backed Waymo, Baidu (NASDAQ:BIDU) and Mobileye Global (NASDAQ:MBLY).
Why It Matters: The achievement is particularly notable given New York City's demanding driving environment, known for its dense traffic, complex intersections, and unpredictable pedestrian movements.
Tesla's autonomous driving progress comes at a crucial time as reports suggest a potential easing of federal regulations for self-driving vehicles, which could accelerate the company's robotaxi ambitions.
The stock has shown significant volatility over the past year, trading between $138.80 and $358.64, as investors weigh the company's autonomous driving progress against market challenges, including changes to the federal EV tax credit structure.
Price Action: Tesla stock closed at $320.72 on Friday, gaining 3.07% for the day. In after-hours trading, the stock edged up 0.0062%. Year to date, Tesla's stock has risen by 29.10%, according to data from Benzinga Pro.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
The successful navigation of complex urban environments represents a significant step forward for Tesla's autonomous driving technology, particularly in challenging city conditions where self-driving systems typically face their greatest tests.
複雑な都市環境の成功したナビゲーションは、特に自動運転システムが最大の試練に直面する困難な都市条件において、テスラの自動運転技術にとって重要な前進を示しています。