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Tesla to change access to ‘Full Self-Driving' system into a monthly subscription [Los Angeles Times (CA)]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The change will take effect after Feb. 14, the chief executive officer announced on X. Tesla has been selling the system — which requires active supervision and doesn't make its vehicles autonomous — for an $8,000 one-time payment or a $99 per month subscription. Although Musk didn't offer any rationale for the switch, his compensation is partly dependent on growing the business. Reaching 10 million active FSD subscriptions is among the targets Tesla must hit for the CEO to earn additional shares under the pay package shareholders approved in November. Achieving a series of market capitalization and operational milestones could net him around $1 trillion worth of stock. Tesla hasn't disclosed how many of its customers have bought or are paying monthly subscriptions for FSD. Musk acknowledged challenges with the product early last year, when he was asked if the company would need to retrofit older vehicles equipped with less capable computing systems. “The honest answer is that
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- Tesla Will Stop Selling Full Self-Driving As A One-Time Package Next Month [Yahoo! Finance][Yahoo! Finance]
- Tesla shifting Full Self-Drive to subscriptions. What does that mean? [USA TODAY][USA TODAY]
- Tesla to End One-Time Full Self-Driving Sales After Feb. 14 [Yahoo! Finance][Yahoo! Finance]
- Soon you'll only be able to rent Tesla's FSD [Yahoo! Finance][Yahoo! Finance]
- Tesla reportedly struggling to offload inventory in India amid cancellations [Yahoo! Finance][Yahoo! Finance]
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