Elon Musk Says Tesla Hasn't Received Any FSD Licensing Agreements From Rivals: 'I Think They Don't Believe It's Real Quite Yet'
Portfolio Pulse from Anan Ashraf
During Tesla's Q4 earnings call, CEO Elon Musk stated that Tesla has not yet entered into any licensing agreements for its Full Self-Driving (FSD) software with rival automakers. Musk suggested that competitors may not believe in the technology's viability. Tesla's Q4 revenue increased by 3% year-on-year to $25,167 million, but was affected by lower FSD revenue compared to the previous year. Musk anticipates a significant revenue increase once FSD is approved by regulators.
January 25, 2024 | 5:05 am
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Tesla's Q4 earnings call highlighted the lack of FSD licensing agreements and a 3% increase in revenue. Musk's comments on future revenue growth from FSD may influence investor sentiment.
The news about Tesla's FSD not being licensed yet is neutral to slightly negative as it shows a lack of immediate additional revenue streams. However, the overall positive revenue growth and Musk's confidence in the future success of FSD once approved by regulators could be seen as a positive signal for future growth, potentially leading to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100