Summary

Tesla is working on a fundamentally new version of Autopilot designed to run on its new Full Self-Driving Computer.

From the point of view of customers, investors, and analysts, improvements to Autopilot may appear instantaneous on the day the new software is released (although Tesla engineers observe incremental progress).

I believe Tesla is working to more fully exploit its advantages in training data for deep learning.

The Autopilot rewrite could cause an increase in vehicle demand and gross margin.

Any visible progress on autonomy may change how the market assesses the probability of Tesla rolling out a robotaxi service.