FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case 
GameStop Eyes eBay Acquisition as Stock Prices Surge After Hours 
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case 
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings 
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition 
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth 
$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion 
U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation 
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance 
SMC Corp Stock Surges as Palliser Capital Pushes for Major Share Buyback 
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat 
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings 
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 
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.
Photo: Jenny Ueberberg/Unsplash
