Tesla discontinues Model X and S vehicles
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Tesla profits slumped 46% last year
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Tesla says it has 1.1 million Full Self-Driving subscribers. It's key to Tesla's future thesis, but controversies aren't slowing down.
Jan 26 (Reuters) - Tesla investors head into earnings on Wednesday looking for evidence that Elon Musk's long-promised self-driving bet is beginning to materialize even as results show growing strain on the company's electric-vehicle business.
As spotted by Bloomberg, anyone buying a new Tesla from February 14 onwards will need to pay $99 per month if they want to access FSD. Currently Full Self-Driving (Supervised) is an $8,000 add-on, and the Tesla website says “your car will be able to drive itself almost anywhere with minimal driver intervention.”
Tesla requires U.S. and Canada buyers to subscribe to FSD for Autosteer and other advanced driver-assistance features.
Tesla plans a $2 billion investment in xAI, aiming to transition from electric vehicles to AI, despite falling revenues and skepticism about production targets. The move aligns with CEO Elon Musk's vision for autonomy in vehicles,
A 2024 Tesla Model S has reportedly achieved the first zero-intervention Tesla Full Self-Driving (FSD) Cannonball Run. The journey began in Los Angeles and ended in New York, with the small team covering 3,
Tesla removes Autopilot from new cars, pushing FSD subscriptions. Here's how the change affects drivers, costs, safety, and Tesla's self-driving future.
The company is also currently facing a 30-day suspension of its manufacturing and dealer licenses in California for deceptive marketing about Autopilot's capabilities.