Tesla Inc 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 $2,000 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.
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