Stock price up 1% in post trading after FSD software price cut announcement
$Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ The article reported that Tesla has lowered the price of its supervised FSD software to $99 a month from $199 a month previously — a decision that could expand the number of miles driven through the feature, which is an advanced driver-assistance system, or ADAS, meant for driving in cities.
The company announced the move on X, formerly known as Twitter, and Tesla Chief Executive Elon Musk, who owns that social-media platform, amplified it from his own account. Tesla shares TSLA were up nearly 1% in after-hours trading late Friday.
Comment: I think Tesla has the technical capability to achieve level 3 autonomous driving. Tesla FSD rolled out with human supervision (or holding the steering wheel) was a strategy to avoid any regulatory hurdle. The "August unveil" may be EM's strategy to allow FSD V12 to break the psychological hurdle - allows more people to accept the feature.
Many analysts downgraded the stock because they were only looking at Tesla Q1 earnings (short term) - didn't factor in what FSD V12 will bring benefit to the company in the longer term.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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