Elon Musk Dangles 'One-Off' Amnesty To Tesla Customers For FSD Transfer: 'I Hope This Makes People Happy'
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) announced it will allow the transferability of its full-self driving (FSD) software package as a one-time opportunity in Q3. This move will enable existing customers to transfer their FSD to a new Tesla vehicle, a feature previously unavailable due to the high cost of the FSD package. Tesla's CEO, Elon Musk, stated that the company is close to achieving complete self-driving capability.
July 20, 2023 | 3:05 am
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POSITIVE IMPACT
Tesla's decision to allow FSD transferability could boost sales of new vehicles as customers can now upgrade without losing their FSD investment. However, the company's self-driving technology is still not fully autonomous.
The announcement of FSD transferability is likely to encourage existing Tesla customers to upgrade their vehicles, potentially boosting Tesla's sales in the short term. However, the fact that Tesla's self-driving technology is not yet fully autonomous could temper this positive impact.
CONFIDENCE 85
IMPORTANCE 75
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