Tesla CEO Elon Musk Says Retrofitting FSD On Older Rival Cars Not Worth It: 'Too Many Systems Need To Change'
Portfolio Pulse from Anan Ashraf
Tesla CEO Elon Musk stated that retrofitting the full self-driving (FSD) software on older cars from rival automakers is not practical due to the extensive changes required, though new cars can integrate the software. Despite Tesla's willingness to license FSD, no agreements with rivals have been reached, with Musk suggesting skepticism about FSD's viability among competitors. Tesla's Q4 revenue was $25,167 million, a 3% increase year-on-year, impacted by lower FSD revenue due to its wide release in North America.

March 07, 2024 | 6:19 am
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NEUTRAL IMPACT
Tesla's openness to license FSD to rivals and the impact of FSD revenue on its Q4 earnings highlight strategic moves and financial health.
While Tesla's willingness to license FSD technology to rivals could open new revenue streams, the lack of current agreements suggests a neutral short-term impact. The mention of lower FSD revenue impacting Q4 earnings indicates a potential concern but is balanced by the overall revenue increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100