Tesla Requires Hardware Upgrade for Full Self-Driving Software
Tesla's Full Self-Driving software demands hardware upgrades for vehicles sold from 2019 to 2023. This revelation by CEO Elon Musk poses significant operational and financial implications for Tesla's owners and the broader industry.
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Tesla announced that vehicles equipped with Hardware 3, sold between 2019 and 2023, will need hardware upgrades to support its advanced Full Self-Driving software. Elon Musk indicated that physical upgrades will require establishing 'micro factories' in multiple cities, which could incur substantial costs and contribute to Tesla's increased capital expenditure budget, now at **$25 billion** for the year.
In a related development, Redwood Materials, led by former Tesla CTO JB Straubel, is undergoing a restructuring that includes layoffs of about 10% of its workforce. Additionally, Humble Robotics has raised $24 million in seed funding to develop autonomous heavy trucks, with notable participation from Energy Impact Partners and RedBlue Capital.
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