Tesla to Transition FSD to a Subscription Model, Discontinuing One-Time Purchase

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BlockBeats report: On February 15, Tesla CEO Elon Musk revealed that Tesla (TSLA.O) will discontinue the one-time purchase option for its Full Self-Driving (FSD) driver assistance system and transition entirely to a monthly subscription model, effective after February 14.


Tesla previously sold the system for a one-time payment of $8,000 or a monthly subscription fee of $99. Although Musk did not specify the reason for this adjustment, part of his compensation is tied to business growth.


According to the compensation plan approved by shareholders in November last year, Musk must achieve multiple targets, including reaching 10 million FSD subscription users, to earn additional stock awards. Additionally, it was reported that the deadline for the one-time purchase option in the Australia region has been extended to March 31. (Jinshi)

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