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

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

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.

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.

See also: How to Invest in Tesla Stock

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.

Related Link: Tesla Moves Closer To New FSD 5nm Chip In Samsung Partnership: Report

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