Tesla Nears FSD Licensing Deal with Major Automaker, Hits 1.3 Billion Milestone

In Tesla's latest quarterly update, CEO Elon Musk disclosed ongoing Full Self-Driving (FSD) licensing negotiations with a major automaker, noting the significant engagement from FSD users who have now surpassed 1.3 billion miles driven.

Tesla's FSD Licensing Talks With Major Automaker Progress

Electrek reported that following the release of Tesla's Q1 2024 results, Musk updated the conference call participants on the FSD licensing initiative.

Musk declared that Tesla is "in talks with one major automaker about licensing Full Self-Driving." He added that there is "a good chance" a transaction will be signed this year, although he did not disclose which significant carmaker the EV manufacturer is in talks with.

However, according to Tesla's management, even if a licensing agreement is reached this year, an OEM will probably take three years to incorporate it into a vehicle program.

Tesla intends to provide OEMs with access to its self-driving onboard processors and cameras and the software it sells for $8,000 or $99 monthly.

Milestone Achieved: Tesla FSD Users Exceed 1.3 Billion Miles

As per Teslarati, Tesla FSD users have accumulated 1.3 billion miles, projected to grow significantly as more drivers try out and potentially subscribe to FSD. Tesla alluded to this during their Q1 2024 Update Letter and first-quarter earnings call.

The Future of Autonomous Driving with Tesla's FSD

Tesla stated in its Q1 2024 Update Letter that it is increasingly clear that the best route to autonomy is a vision-based strategy that uses cameras and artificial intelligence. This was supposedly made particularly clear after the release of FSD (Supervised) V12, eventually contributing to Tesla reaching over 1 billion FSD miles overall.

"(FSD's) been pushed out to, I think, around 1.8 million vehicles, and we're seeing about half of people use it so far and that percentage is increasing with each passing week. So, we now have over 300 million miles that have been driven with FSD V12 since the launch of Supervised Full Self-Driving. It's become very clear that the vision-based approach with end-to-end neural networks is the right solution for scalable autonomy," Musk said in the Q1 2024 earnings call.

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