Musk: Tesla FSD to Shift from One-time Purchase to Subscription Model

February 15th, Tesla CEO Elon Musk revealed that Tesla (TSLA.O) will stop selling its "Full Self-Driving" assistance system (FSD) as a one-time payment and instead fully adopt a monthly subscription model, with this change taking effect after February 14th.Tesla had previously sold this system for a one-time payment of $8,000 or a monthly subscription fee of $99. Although Musk did not specify the reason for this adjustment, a portion of his compensation depends on business growth.According to a compensation plan approved by shareholders in November last year, Tesla must achieve multiple milestones, including reaching 10 million FSD subscription users, for Musk to receive additional stock rewards. Additionally, it has been reported that in the Australia region, the deadline for the one-time purchase option has been extended to March 31st. (FX Street)