Current Tesla FSD can’t support truly autonomous vehicles, says Piper

Piper Sandler analyst Alexander Potter keeps an Overweight rating on Tesla (TSLA) with a $400 price target after hosting an investor call with Elias Martinez, creator of the FSD Community Tracker. Tesla’s full self-driving software is the largest contributor to Piper’s price target the analyst tells investors in a research note. After the call, Piper says it seems evident that Tesla’s current version 13 of its full self-driving software cannot support truly autonomous vehicles. However, it has been 4.5 months since Tesla unveiled version 13, and since then, no major updates have been released, the firm points out. During this period, Tesla has likely been focused on ensuring a safe launch in Austin, Piper believes.