Tesla Executive Says Working On Deploying FSD Subscriptions In Canada: 'Elon Approved This…'
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) is preparing to launch full self-driving (FSD) subscriptions in Canada, as confirmed by a company executive. The move, approved by CEO Elon Musk, involves navigating technical and regulatory challenges to avoid provincial issues. FSD subscriptions are expected to be available in the coming weeks, expanding beyond the current U.S. subscription model and the one-time payment option in Canada.
March 11, 2024 | 4:24 am
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Tesla's introduction of FSD subscriptions in Canada could boost revenue by offering a more flexible payment option for Canadian customers, potentially increasing the adoption rate of FSD technology.
The introduction of FSD subscriptions in Canada represents a significant expansion of Tesla's services, making the technology more accessible to customers who prefer not to make a one-time payment. This could lead to increased revenue from subscriptions and higher adoption rates of FSD technology. The confidence in this analysis is based on the current success of FSD subscriptions in the U.S. and the anticipation of similar outcomes in Canada.
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