Elon Musk Hails Tesla’s Supervised FSD as “Magical” as Positive Reviews Pour In during One-Month Free Trial Period

Elon Musk Hails Tesla’s Supervised FSD as “Magical” as Positive Reviews Pour In during One-Month Free Trial Period


Get Benzinga’s Top Stocks For Only $0.99!

Benzinga Insider Report is your secret to a profitable week. While most traders scramble and waste hours on research and analysis—you’ll have expert guidance every week helping you know exactly what’s going on and how to profit. Click here to get full access for only $0.99!


As Tesla, Inc.’s (NASDAQ:TSLA) full-self driving software moves from beta-testing to a supervised version and is made available in the United States for a month-long free trialing, CEO Elon Musk and Tesla executives commented on the software.

What Happened: Tesla influencer Sawyer Merritt on Saturday shared messages from a free-trial user on X, formerly Twitter, in which he was highly positive about the software.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!

Musk reshared the post on his handle and also commented on another user’s comments about the FSD. The user said beta version 11 veterans were impressed with the changes in version 11 and weighed in on the potential reactions of first-time users, who would never have used the beta versions.

Musk replied, saying, “It’s like magic.”


FREE REPORT: How To Learn Options Trading Fast

In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, ​a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.


Airbnb co-founder Joe Gebbia also shared his experience with the latest version’s testing. “If you want to experience the future, try the latest version of full self driving. My mind was blown. Anyone else enjoying it?” he said on X. Gebbia currently sits on Tesla board and shares a very warm relationship with Musk.

See Also: Everything You Need To Know About Tesla Stock

Why It’s Important: As Tesla struggles with volume growth, analysts have turned their attention toward revenue to ancillary sources and ancillary businesses. Analysts view the high-margin recurring revenue stream from the wider adoption of FSD as positive for the company’s top and bottom lines.

 In a recent note, Canaccord Genuity analyst George Gianarikas said, “We have been strong advocates of Tesla’s razor/razorblade approach in seeding the market with vehicles that are software upgradable with a high-margin software — and see this as a potential catalyst for future penetration gains.”

That said, skeptics of the technology say that it has never reached the level of autonomy that is worth its cost. One social-media user said, “I’ve used it for years and don’t much anymore because it still sucks at driving.” Regulators haven’t warmed to the technology either.

Tesla ended Thursday’s session down 2.25% at $175.79, according to Benzinga Pro data.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read Next: ‘Congrats Tesla Team,’ Says Elon Musk As EV Giant Hits 6M Production Milestone: What Does It Mean For Q1 Deliveries?


Get Benzinga’s Top Stocks For Only $0.99!

Benzinga Insider Report is your secret to a profitable week. While most traders scramble and waste hours on research and analysis—you’ll have expert guidance every week helping you know exactly what’s going on and how to profit. Click here to get full access for only $0.99!


© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Source Reference

Latest stories