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Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month

1. Tesla develops new Full Self-Driving model with major video upgrades. 2. CEO Musk predicts public FSD release by next month if testing succeeds. 3. FSD is crucial for Tesla's future amid rising competition from Chinese automakers. 4. Tesla's automotive revenue fell 16% in Q2, affecting overall stock performance. 5. Stock down 23.55% this year, impacted by reputational issues.

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FAQ

Why Bullish?

The advancement of FSD technology could enhance Tesla's market positioning. Historical FSD updates have positively affected stock trends, albeit revenue concerns linger.

How important is it?

FSD improvements align with core growth strategies, yet current sales decline tempers influence. The announcement signals potential recovery strategies post-revenue dip.

Why Short Term?

Immediate market reaction likely to FSD announcements and potential public tests of new features, while current sales challenges could dampen optimism.

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