Elon Musk Says Tesla Will Be 'Happy' To License FSD To Rivals — But No Automaker Seems Interested Right Now
Portfolio Pulse from Anan Ashraf
Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), announced the company's willingness to license its Full Self-Driving (FSD) technology to rival automakers. Despite expressing this interest since June, no agreements have been made, with Musk suggesting rivals may not yet believe in the technology's viability. Tesla has begun offering 30-day free FSD trials in the U.S., aiming to showcase the software's capabilities, which currently require driver supervision but are expected to improve significantly by late April or May.
April 04, 2024 | 12:04 pm
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Tesla Inc is open to licensing its FSD technology to other automakers, a move that could significantly impact its revenue stream if agreements are reached. The company has started offering free FSD trials to showcase the technology's capabilities.
Tesla's willingness to license its FSD technology indicates a strategic move to expand its revenue sources beyond car sales. The initiation of free FSD trials serves as a marketing strategy to demonstrate the technology's capabilities and potential, which could attract interest from rival automakers and investors. If successful, this could lead to significant revenue growth from licensing agreements, positively impacting Tesla's stock in the short term.
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