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.

Elon Musk has dedicated himself to his A.I. startup xAI, aiming to rival competitors like OpenAI while presenting ambitious plans for the company. His intensified focus on xAI raises concerns about his involvement in other ventures, particularly as Tesla pushes for a significant pay package to incentivize him.

Elon Musk has become the first person in history to achieve a net worth of $500 billion, driven primarily by a rise in Tesla's stock price and the growing valuations of his other companies, including SpaceX and xAI. This milestone highlights Musk's position as the world's richest person, just under a year after surpassing $400 billion.