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Piper Sandler: Tesla 'Very Close' to Unsupervised FSD, Reaffirms $500 Price Target

The assessment is based on community-tracker data showing a more than 20-fold jump in miles between critical interventions after the v14.1 release.

Overview

  • Analyst Alexander Potter reiterated an Overweight rating and a $500 price target after hosting a discussion with the FSD Community Tracker’s designer.
  • The tracker reports miles to critical disengagement rose from about 441 to over 9,200 with v14.1, marking the largest sequential gain in four years.
  • Performance dipped slightly with v14.2, which also addressed early v14 stuttering and brake-stabbing issues reported by testers.
  • Tesla expanded its European FSD test-ride program to Denmark and Switzerland following earlier launches in Germany, France and Italy.
  • Elon Musk said v14.2 is less restrictive about drivers looking at their phones, drawing scrutiny over changes to driver monitoring.