Elon Musk is pivoting Tesla
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Drivers will now need to subscribe monthly to access Tesla’s most advanced driver-assistance features. If you’re sick of paying for subscription services, Tesla has some bad news for you.
Tesla will stop selling its $8,000 Full Self-Driving (FSD) option and make it strictly a monthly subscription service after February 14, CEO Elon Musk announced on his X platform. Musk didn't reveal the price or why he's making the switch,
Tesla says it has 1.1 million Full Self-Driving subscribers. It's key to Tesla's future thesis, but controversies aren't slowing down.
The company is also currently facing a 30-day suspension of its manufacturing and dealer licenses in California for deceptive marketing about Autopilot's capabilities.
Starting in February, Tesla will no longer offer the option to purchase Full-Service Driving for a one-time fee.
Following the announcement that Tesla ’s Full Self-Driving (FSD) system would be offered exclusively via a monthly subscription, the EV maker discontinued Autopilot in the U.S., leaving Traffic-Aware Cruise Control (TACC) as the sole standard advanced driver assistance feature.
Tesla Full Self-Driving leverages cameras, neural networks, and real-world testing to navigate traffic safely, advancing autonomous driving and self-driving car technology.
Tesla requires U.S. and Canada buyers to subscribe to FSD for Autosteer and other advanced driver-assistance features.
Tesla’s upcoming fourth quarter earnings report, slated for release on Wednesday after the bell, comes at a time where investors are looking for a non-auto business catalysts for the stock.
The company's EVs are profitable and command a formidable market presence with a value "kicker" potentially coming from robotaxis and unsupervised full-self driving; its rivals are not in the same position.
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Tesla, Inc has reached a turning point where its bold promise of self driving is no longer a distant narrative but the central test of its financial future. As growth in its core electric vehicle business slows and margins come under pressure,