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

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