Elon Musk's Tesla Might Consider Slashing FSD Subscription To $99: Survey
Portfolio Pulse from Benzinga Neuro
Tesla Inc (NASDAQ:TSLA) is reportedly considering reducing its Full Self-Driving (FSD) subscription price from $199/month to $99/month, according to a social media post by Troy Teslike. A survey conducted by Teslike before the FSD subscription launch showed a strong preference for the $99 price point. Tesla's FSD technology, deployed on about 2 million vehicles in the U.S., has been a focal point of discussion, especially regarding autonomous vehicle regulation and safety benefits.
April 12, 2024 | 1:11 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tesla Inc is considering a price reduction for its FSD subscription, potentially increasing its appeal and subscriber base.
Reducing the FSD subscription price could significantly increase the service's attractiveness, potentially leading to a higher number of subscribers. This move might also enhance Tesla's image in terms of affordability and accessibility of advanced technology. However, the impact on stock price would depend on market perception of the revenue implications of this price cut, balancing increased volume against lower monthly revenue per user.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100