Cybertruck Owners: You'll Have To Wait A 'Few Months' For FSD Because Tesla Is Focusing On 'Other 99% Of The Fleet'
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk announced that Cybertruck customers will have to wait a few more months for the full self-driving (FSD) software due to the company's focus on deploying FSD across the other 99% of its fleet. The Cybertruck, which began deliveries in November last year, has seen 2,803 units delivered in the first quarter. Musk previously stated the Cybertruck is the lowest priority for FSD software implementation due to its limited number on the roads compared to other Tesla models.
May 09, 2024 | 10:07 am
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NEUTRAL IMPACT
Tesla's announcement of a delayed FSD rollout for Cybertruck may impact investor sentiment, particularly concerning the company's prioritization of resources and its impact on new product lines.
The delay in FSD deployment for the Cybertruck, as stated by CEO Elon Musk, highlights Tesla's strategic focus on its broader fleet, potentially affecting investor views on product prioritization and innovation speed. However, given Tesla's history of overcoming production and software deployment challenges, the short-term impact is likely neutral, with long-term prospects remaining strong as the company continues to innovate and expand its product offerings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80