Data Over Narrative: Tesla Hits 10 Billion FSD Miles

Tesla has officially crossed the 10-billion-mile threshold for its Full Self-Driving (Supervised) system MarketWatch. This cumulative figure includes approximately 3.76 billion miles driven specifically on city roads MarketWatch. While Elon Musk has previously cited this scale of data as a prerequisite for achieving safe, unsupervised autonomy, the company continues to face a gap of several months before the next major software leap is expected to reach consumers MarketWatch.

This milestone serves as a massive competitive moat against legacy players, yet the "supervised" tag remains a sticking point for critics. As Tesla moves toward a dedicated robotaxi unveiling, the real-world performance of these 10 billion miles will be the primary evidence used to satisfy regulators that the system can handle edge cases without human intervention. The stock has historically reacted to these symbolic milestones, though the current focus remains on near-term delivery margins.

The Grey Market: Korea Cracks Down on FSD Hacks

In South Korea, a growing number of Tesla owners are resorting to illegal hacks to bypass regional software locks. Data released by Rep. Park Yong-gap of the Democratic Party of Korea reveals that 85 cases of unauthorized FSD activation have been recorded The Korea Herald. Currently, only 2.4% of Tesla vehicles in Korea are officially eligible for the feature, as the software is largely restricted to U.S.-built models The Korea Herald.

These unauthorized activations expose significant regulatory gaps and safety concerns, as the software may not be optimized for local infrastructure Koreabizwire. For Tesla, this highlights the intense global demand for its autonomy stack, even in markets where it hasn't officially launched. However, the rise of "hacked" FSD could invite stricter oversight from the National Assembly’s Land, Infrastructure and Transport Committee The Korea Herald.

Regulation Reality: California’s New Robotaxi Playbook

The California Department of Motor Vehicles has released two new sets of rules—totaling 100 pages—governing the testing and deployment of autonomous vehicles TechCrunch. A standout provision, the “Notice of Autonomous Vehicle Noncompliance,” allows law enforcement to cite AV companies directly for traffic violations committed by their driverless cars TechCrunch. Manufacturers are required to report these violations to the DMV within 72 hours TechCrunch.

While the current rules do not attach immediate monetary fines to these citations, they serve as a critical data stream for the DMV to identify problematic fleet behavior and potentially revoke deployment permits TechCrunch. This regulatory framework arrives just as Tesla prepares to scale its own robotaxi ambitions, signaling that the era of "permissionless" testing in the Golden State is effectively over.

Market Watch

TSLA is currently trading around its previous close of $387.20, having finished the last session down 0.92% Barron's. The stock remains down 13% year-to-date, though it has maintained a 36% gain over the last 12 months Barron's. Analyst sentiment is currently mixed; while some cite Musk's recent pessimism regarding near-term growth as a reason for downgrades Automotive News, others argue Tesla will benefit significantly from the rising labor costs facing the Detroit 3 automakers Automotive News.

Meanwhile, the broader tech sector is watching Palantir (PLTR), which reports Q1 earnings today with options traders pricing in a massive 10% swing TipRanks. Palantir’s results are often viewed as a bellwether for enterprise AI demand, a sector Tesla increasingly identifies with via its Dojo and FSD efforts.