Tesla is training a new Full Self-Driving (FSD) model featuring significant improvements in video processing and a tenfold increase in parameters, with a potential public release at the end of next month if testing is successful. The FSD system, which assists with navigation while requiring driver oversight, is crucial to Tesla's strategy amid rising competition in the electric vehicle market. Despite the advancements, Tesla faces challenges in its core automotive sales, experiencing a 16% revenue decline in Q2 and a 23.55% drop in stock value this year.

Troy Jones, Tesla's vice president of sales in North America, has left the company after 15 years as the automaker faces a significant decline in sales. His departure follows the recent exit of another key executive, Omead Afshar, amid ongoing challenges for the electric vehicle manufacturer.

Tesla reported a 13.5% decline in global vehicle deliveries for the second quarter, with only 384,122 units sold, falling short of analysts' expectations. The drop signals ongoing challenges for the electric vehicle maker as it attempts to shift focus towards autonomous vehicle development.