Skip to main content

Market Overview

Tesla FSD Will 'Get Absurdly Good,' Says Elon Musk

Tesla FSD Will 'Get Absurdly Good,' Says Elon Musk

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said Wednesday that the automaker’s Full Self-Driving (FSD) software is set to become “absurdly good.”

What Happened: The billionaire entrepreneur made the comments while replying to a tweet that featured a demonstration of the self-driving software.

“Tesla AI/Autopilot engineering is awesome! There’s some great AI out there,” wrote Musk — further asking “but can it self-drive while playing Cyberpunk … ?”

Musk has been keeping Tesla fans abreast of the latest developments on FSD. Late last month, he announced the Beta 5 version of the software on Twitter and revealed that the “improvement [in the software] should be significant.”

Why It Matters: This week, Loup Ventures Partner Gene Munster said that Tesla’s software is its big advantage over legacy auto firms such as General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F), and Volkswagen AG (OTC: VWAGY).

Next year, the automaker could realize $1.1 billion in revenue from FSD, over-the-air software updates, Supercharger network, and internet connectivity, as per Munster.

See Also: Tesla Rolls Out Full Self-Driving Beta Version, With A 'Slow' And 'Cautious' Approach

A price hike of $2,000 was announced by Musk in October for the FSD beta. The average selling price for FSD is $8,500 in 2020 and is slated to go up to $10,000 and $11,000 respectively by 2021 and 2022, as per Munster.

Price Action: Tesla shares closed 1.65% lower at $622.77 on Wednesday and fell 0.35% in the after-hours session. 

Click here to check out Benzinga’s EV Hub for the latest electric vehicles news.


Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: electric vehicles Elon Musk EVs Full Self-DrivingNews Events Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at