Tesla's promise of self-driving capabilities has fallen short as Elon Musk announced that vehicles with Hardware 3 will require an upgrade for unsupervised driving software. Originally claimed in 2016, every Tesla was said to have the necessary hardware for full autonomy, a statement that has proven untrue over the years. Now with the latest admission, Tesla acknowledges that the existing Hardware 3 computer falls short of enabling no-human-intervention driving. This ongoing struggle to deliver on bold claims raises questions about Tesla's past messaging and its impact on the company's valuation.
I think the honest answer is that we're going to have to upgrade people's Hardware 3 computer for those that have bought Full Self-Driving. That's going to be painful and difficult, but we'll get it done.
Broadly, Musk has repeatedly overpromised on Tesla's timeline for selling a vehicle that can drive autonomously without human intervention. The company has now repeatedly capitulated on its 2016 claim that every car it was building had the hardware required to one day fully drive itself.
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