Elon Musk talks about his successor in a WSJ interview
WSJ
In an illuminating hour-long interview on the Wall Street Journal CEO Council, Elon Musk provided a rare window into his thoughts on the intricate issue of succession. He framed the complexity of this challenge in a historical context, highlighting that it is an age-old problem that has troubled not just corporations but also nations, kings, prime ministers, and presidents throughout the annals of history.
Identifying Potential Successors
Musk disclosed that he has identified potential successors he believes could ably lead after his tenure. He has brought these individuals to the board's attention, providing them with his personal recommendations. However, he clearly stated that the ultimate decision rests in the hands of the board. Musk noted, "They may choose to go a different direction, but they are aware of who my recommendation is."
An intriguing point of discussion during the interview revolved around the stewardship of the companies Musk has built. He expressed a deep sense of responsibility, remarking, "The companies that I have created and are creating collectively possess immense capability, and so the stewardship of them is incredibly important." These comments underscored the vast influence these companies wield over society and civilization.
The Challenge of Stewardship and Control
Interestingly, Musk confessed his openness to external suggestions about control of the companies, a rarity for the famously confident CEO. He conceded, "The control question is a much tougher question, and something that I'm wrestling with, and I'm frankly open to ideas." This statement signified an unusual invitation for fresh insights into managing the future stewardship of his groundbreaking enterprises.
Furthermore, Musk delved into his aspirations for his companies, with a special focus on Tesla, to contribute positively to humanity. One idea he shared was establishing an educational institution wielding most of his voting rights. Yet, he stressed that automatic inheritance of control by his children was not on the cards, especially if they lacked interest or the ability to handle the companies effectively.
Tesla's Contributions to Sustainable Energy
Transitioning to the accomplishments of Tesla, Musk painted a vivid picture of the company's significant role in fast-tracking the advent of sustainable energy. He asserted, "The original goal of Tesla was to accelerate the advent of sustainable energy, which actually I think we've done that to a significant degree." In addition, he shared his gratification that other industry leaders have recognized Tesla's pioneering role in this revolution.
On the topic of Tesla's pursuit of self-driving technology, Musk exhibited optimism about achieving substantial progress within the year. He also predicted this technological milestone would usher in a substantial positive cash flow for the company.
Musk's wide-ranging discussion offered insightful reflections on the critical issue of succession planning and the enduring influence of Tesla. His open invitation for external ideas on company stewardship, coupled with his firm commitment to ensuring Tesla's mission continuity, underscore his acknowledgment of the gravity of his leadership role and his earnest dedication to securing his companies' long-lasting beneficial impact on humanity. This interview promises to ignite further dialogue about the future trajectory of Tesla and the broader implications of succession planning in innovative companies.
Tesla’s been on a roll with Supercharger improvements lately, from the 325kW charging update for the Cybertruck, to 500kW with V4 Superchargers coming next year. While those improvements have been limited to the Cybertruck, Tesla didn’t put all their focus on their new flagship vehicle, but looked at their more affordable vehicles as well.
LFP Battery Heating
Tesla’s Superchargers can now heat LFP Batteries - those that are in the Model 3 and Model Y Rear Wheel Drive variants. This applies to Long Range and Standard Range models, which saw a limited run. This is another update included as part of the 2024 Tesla Holiday Update - which really arrived with a lot of unannounced new features and capabilities.
The change is pretty interesting - Superchargers of the V3 and V4 variety can now pre-heat batteries for Model 3 and Model Y vehicles equipped with LFP battery packs. That means those vehicles are able to get back on the road faster when it's extremely cold. Of course, Tesla still advises you to precondition before you arrive, saving drivers time and money.
Max de Zegher, Tesla’s Director of Charging, also commented on the new feature. Essentially, Tesla is inducing an AC (alternating) ripple current through the battery to warm it up. Keep in mind that Superchargers are DC charging. That means it is possible to get a cold-soaked LFP vehicle on the road 4x faster than before, assuming that it didn’t precondition at all and that it is in the worst-case scenario (below 0ºF).
In essence, Tesla is using some engineering magic to turn the circuits inside the LFP battery into an electric heater - and powering that heater through the Supercharger. An AC ripple current is a small oscillation in the DC charging current that generates heat through electrical resistance, warming up the battery. Those ripples are a byproduct of converting AC to DC and back - so Tesla is using the onboard charger to induce those ripples to warm up the battery. Definitely an innovative technique that’s really only possible with the versatility of the NACS connector.
We’re hoping Tesla can implement this across their full lineup of vehicles, but we’ll have to wait and see how it is trialed across LFP vehicles first and if it is even possible on vehicles with 2170 or 4680 battery packs.
Tesla launched two FSD updates simultaneously on Saturday night, and what’s most interesting is that they arrived on the same software version. We’ll dig into that a little later, but for now, there’s good news for everyone. For Hardware 3 owners, FSD V12.6.1 is launching to all vehicles, including the Model 3 and Model Y. For AI4 owners, FSD V13.2.4 is launching, starting with the Cybertruck.
FSD V13.2.4
A new V13 build is now rolling out to the Cybertruck and is expected to arrive for the rest of the AI4 fleet soon. However, this build seems to be focused on bug fixes. There are no changes to the release notes for the Cybertruck with this release, and it’s unlikely to feature any changes when it arrives on other vehicles.
FSD V12.6.1 builds upon V12.6, which is the latest FSD version for HW3 vehicles. While FSD V12.6 was only released for the redesigned Model S and Model X with HW3, FSD V12.6.1 is adding support for the Model 3 and Model Y.
While this is only a bug-fix release for users coming from FSD V12.6, it includes massive improvements for anyone coming from an older FSD version. Two of the biggest changes are the new end-to-end highway stack that now utilizes FSD V12 for highway driving and a redesigned controller that allows FSD to drive “V13” smooth.
It also adds speed profiles, earlier lane changes, and more. You can read our in-depth look at all the changes in FSD V12.6.
Same Update, Multiple FSD Builds
What’s interesting about this software version is that it “includes" two FSD updates, V12.6.1 for HW3 and V13.2.4 for HW4 vehicles. While this is interesting, it’s less special when you understand what’s happening under the hood.
The vehicle’s firmware and Autopilot firmware are actually completely separate. While a vehicle downloading a firmware update may look like a singular process, it’s actually performing several functions during this period. First, it downloads the vehicle’s firmware. Upon unpacking the update, it’s instructed which Autopilot/FSD firmware should be downloaded.
While the FSD firmware is separate, the vehicle can’t download any FSD update. The FSD version is hard-coded in the vehicle’s firmware that was just downloaded. This helps Tesla keep the infotainment and Autopilot firmware tightly coupled, leading to fewer issues.
What we’re seeing here is that HW3 vehicles are being told to download one FSD version, while HW4 vehicles are being told to download a different version.
While this is the first time Tesla has had two FSD versions tied to the same vehicle software version, the process hasn’t actually changed, and what we’re seeing won’t lead to faster FSD updates or the ability to download FSD separately. What we’re seeing is the direct result of the divergence of HW3 and HW4.
While HW3/4 remained basically on the same FSD version until recently, it is now necessary to deploy different versions for the two platforms. We expect this to be the norm going forward, where HW3 will be on a much different version of FSD than HW4. While each update may not include two different FSD versions going forward, we may see it occasionally, depending on which features Autopilot is dependent on.
Thanks to Greentheonly for helping us understand what happened with this release and for the insight into Tesla’s processes.
