Musk Says Tesla FSD Subscriptions To Launch By June But Buying Would Still Be Better

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Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said Monday that the automaker’s Full-Self Driving software subscriptions would be available in the second quarter. What Happened: The entrepreneur was responding to a question on Twitter about the timeline of the subscription launch. Q2 for sure — Elon Musk (@elonmusk) March 1, 2021 Musk also said in a separate tweet that purchasing FSD “will still be a better long-term deal than [a]subscription.” The beta version of the self-driving software began rolling out in October last year. Why It Matters: The announcement of the FSD subscription last year spurred speculations of a price range between $50 a day to $2,000 a year. The price of the software was raised by ,000 soon after its launch. Loup Ventures Managing Partner Gene Munster said in December that FSD is a driver of revenues for Tesla. Musk has said in the past that FSD is set to become “absurdly good.” Price Action: Tesla shares closed nearly 6.4% higher at $718.43 on Tuesday and gained 0.95% in the after-hours session. Related Link: Tesla Moves Closer To New FSD 5nm Chip In Samsung Partnership: Report Click here to check out Benzinga’s EV Hub for the latest electric vehicles news. See more from BenzingaClick here for options trades from BenzingaDogecoin Has A ‘Meme Shield’ Against Price Drops, Says Elon MuskJack Dorsey, MicroStrategy’s Saylor, Winklevoss Twins Give M In Initial Funding To MIT’s Bitcoin Initiative© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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