Tesla to Offer Full Self-Driving Only via Monthly Subscription
Tesla will phase out the one-time purchase option for Full Self-Driving, shifting to a $99 per month subscription starting Feb. 14, marking a move towards recurring revenue for the company.
Summary
Tesla will discontinue its one-time purchase option for Full Self-Driving on February 14, replacing it with a $99 per month subscription. This change aims to create a steady revenue stream for Tesla’s autonomous driving technology, following Elon Musk's announcement of the update.
Terms & Concepts
- Full Self-Driving: An advanced driver assistance system by Tesla designed to enable autonomous navigation with minimal human input.
- Subscription Model: A payment structure where customers pay regularly, usually monthly, to access a product or service.