⚡️ ⚡️ ⚡️ Tesla's FSD Price Cut Sparks Electric Buzz! ⚡️ ⚡️ ⚡️
Tesla has dialed down the price of its Full Self-Driving Capability software, now available at $8,000 in the US, down from $12,000, as seen on its website.
This shift follows a day after Tesla slashed prices on three of its models—Model Y, Model X, and Model S—by $2,000 each. Earlier this month, the company also reduced the subscription fee for the Full Self-Driving (FSD) package from $199 to $99 per month.
These price adjustments are global, affecting markets in China, the US, and Europe.
Tesla recently announced a reduction of its global workforce by over 10% this week.
Despite the adjustments, Tesla's share price has seen a 40% decline year-to-date, trailing behind the S&P500 and Nasdaq by 6% and 7%, respectively.
With declining car delivery growth and shrinking profit margins, Tesla delivered 8.5% fewer vehicles in the first quarter, totaling 386,810 vehicles, compared to the previous year's figures. Analysts had anticipated deliveries to hit 454,200 vehicles.
Is Elon Musk feeling the pressure ahead of Tuesday's earnings call?
I’m not invested in TSLA and I’m not looking to buy.
Tesla's moves, a rollercoaster ride, innovation's spark, cannot be denied. As Musk preps for earnings, nerves in a knot, will Tesla's Tuesday future shine? Watch this space, hot!
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- PageDickens·04-22As an observer, I'm curious to see what direction Tesla takes going forward.1Report