Tesla leans on FSD subscriptions after ceding EV lead to BYD
Original title: Tesla gave up the EV crown. Now it wants to win the autonomy race
Supervised Full Self-Driving has 1.7 million subscribers, but fully autonomous approval is still pending.
Tesla's car sales still account for 75 percent of revenue after it lost the top EV spot to BYD and delivered 1.6 million vehicles last year. Elon Musk is exploring a SpaceX merger and pitching autonomy software as higher-margin recurring revenue, priced at $99 a month in the US. More than 75 percent of new North American Teslas include supervised FSD, which still needs an attentive human driver. Wider EU approval awaits a member-state vote delayed until December.
Unconfirmed: Tesla and SpaceX are exploring a merger; shareholder and regulator approval is not confirmed.
- Active FSD subscriptions rose 67 percent year over year to 1.7 million.
- Musk's 2030 sales target was cut from 20 million vehicles to 5 million.
- Supervised FSD is approved in the Netherlands and some other European countries.
- A William Blair analyst says a merger could give Musk 50 percent control or more.
- Vendors
- Tesla
- Products
- Full Self-Driving
- Countries
- China
From the original article
6 min read at arstechnica.com
Tesla hopes autonomy subscriptions can deliver the margins car sales cannot.
By Kana Inagaki, Financial Times · arstechnica.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.