Full-Self Driving 14.3 Emerges, Tesla Stock (NASDAQ:TSLA) Jumps

Recently, word emerged that electric vehicle giant Tesla TSLA +2.58% ▲ has plans for its next big update of the Full Self-Driving (FSD) system. Dubbed version 14.3, the new version will come with a set of new features. Investors seem pretty pleased, though, as Tesla shares were up nearly 3% in Monday afternoon’s trading.

Claim 30% Off TipRanks Premium

• Trade TSLA with leverage
• New trading tool for TSLA bulls/bears
• Forget margin or options. Here’s how the pros trade TSLA

Hardware 4 vehicles, as they are known, have been running FSD 14.2, and some minor updates, with the latest version being 14.2.2.5. Now, 14.3 is on the way, and Tesla is calling it the version with a “crucial final piece” that finally comes together. Reports note that 14.3 will offer “more reasoning capabilities and reinforcement learning.”

Tesla is already testing 14.3 internally, and a broad rollout is expected “…within a few weeks.” Naturally, observers have high hopes for 14.3, hoping for a “breakthrough.” Some even wonder if this is the version that the Robotaxi systems use, which could make it a powerhouse. One hoped-for feature is “Reverse Summon,” which allows a car to drop off a passenger at a location, and then drive itself off in search of a parking space.

More Door Problems

Meanwhile, Tesla is facing down yet another lawsuit over doors on the Cybertruck, as the sole survivor of a crash that killed three people in the vehicle is suing. A group of four friends was traveling home from college when they crashed the Cybertruck they were riding in. The truck caught fire “almost instantly,” a report noted, and the four tried to escape the truck, but the doors did not open.

A fifth friend who had been following managed to break the Cybertruck’s front window with a tree branch, and finally managed to break the glass sufficiently to get one of the occupants out. The other three, however, were unreachable. This is not the first time that Tesla doors have impeded rescue efforts, by some reports, and the use of electrical systems rather than mechanical ones is proving a troublesome one in several cases.

Is Tesla a Buy, Hold or Sell?

Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 13 Buys, 11 Holds, and seven Sells assigned in the past three months, as indicated by the graphic below. After a 32.17% rally in its share price over the past year, the average TSLA price target of $399.25 per share implies 5.55% upside potential.

Disclosure

Disclaimer & DisclosureReport an Issue