Tesla takes yet another significant step to boost its dominance in the industry.

Being a key player in the electric car sector, Tesla is currently taking an important step regarding Full Self-Driving System.

Tesla's prominence in the automotive world, thanks in part to its exceptional software, has been further underscored by a major announcement from CEO Elon Musk. In a surprising twist during the company’s Q2 2023 investor call, Musk revealed plans to license Tesla's renowned Full Self-Driving (FSD) system to other automakers and Original Equipment Manufacturers (OEMs). His comments indicated that licensing discussions with a major OEM had already begun, promising a potential revolution in the automotive industry.

Musk also highlighted the company's dedication to AI through ongoing Research & Development activities. Meanwhile, Tesla's owners were thrilled by a limited-time offer known as the "one-time amnesty". Through this initiative, current Tesla owners are able to transfer their existing Full Self-Driving subscription to a new Tesla vehicle, providing an attractive incentive for those considering a new purchase.

Tesla takes yet another significant step to boost its dominance in the industry.

Tesla’s continued success in the US EV market has been exceptional. During Q2, the company smashed its own record by manufacturing 479,700 vehicles and delivering 466,140. This represented an impressive 87 percent growth year-on-year. Notably, the Model Y made headlines by becoming the best-selling vehicle overall, even surpassing longstanding favorites such as the Corolla.

Adding to this momentum, the first production Tesla Cybertruck rolled off the assembly line. Musk assured enthusiasts that Cybertruck production was moving through the tooling phase smoothly, and projected that full-scale production would begin the following year. The Cybertruck’s unique design, capable of offering four doors and more than six feet of bed space, is expected to bring an exciting twist to the pickup truck market.

Tesla has made another significant advancement by deciding to open its proprietary charging port design to the entire industry. Several major automakers including Mercedes, Volvo, Rivian, Ford, and GM, have announced plans to adopt Tesla's charging port design for their North American models, beginning from the 2024 model year. Furthermore, the state of Texas has mandated that state-funded EV charging stations must accommodate this standard. Over the past year, Tesla expanded its charging network by a third, now boasting 48,082 chargers at 5,265 stations worldwide, underscoring their commitment to the EV ecosystem.

Despite confronting some controversies, Tesla remains committed to pushing the limits of technology. Their dedication to AI development is evident in their introduction of Dojo training computers, designed to assist Autopilot developers with future designs and features. Even challenges in sourcing suitable parts for the Optimus robot’s actuators have not deterred Tesla. Instead, the company is focusing on developing its own components, with substantial progress expected in the coming year.