Elon Musk's FSD Is The End Of Manual Driving? Tesla Bull Gene Munster Believes 'Somebody Born Today Is Probably Never Going To Drive A Car'
Portfolio Pulse from Benzinga Neuro
Tesla Inc (NASDAQ:TSLA) has halved the price of its 'full self-driving' (FSD) subscription to $99 per month, a move that Gene Munster of Deepwater Asset Management believes signals the end of manual driving. This price reduction is part of Tesla's strategy to make its self-driving technology more accessible, amidst a challenging period for the company, including a 10% workforce reduction and a 20% drop in deliveries. Nvidia's Senior Lead of Robotics praised Tesla's FSD feature, while Tesla CEO Elon Musk continues to push boundaries in AI with his venture, xAI.
April 16, 2024 | 3:20 am
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Tesla's decision to cut its FSD subscription price in half to $99 may boost the adoption of its autonomous driving tech, despite recent layoffs and a drop in deliveries.
Reducing the FSD subscription price could attract more customers to Tesla's autonomous driving technology, potentially offsetting the negative impact of recent layoffs and delivery declines. This strategic move might enhance Tesla's market position in the autonomous vehicle sector and drive up its stock price in the short term.
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