Elon Musk: Tesla FSD will discontinue the one-time payment service and switch to a subscription model

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Mars Finance News: On February 15, Tesla CEO Elon Musk revealed that Tesla (TSLA.O) will stop selling its Full Self-Driving (FSD) assist system as a one-time payment and will instead fully adopt a monthly subscription model. This change will take effect after February 14. Previously, Tesla sold the system for a one-time payment of $8,000 or a $99 monthly subscription fee. Although Musk did not specify the reason for this adjustment, his compensation partly depends on business growth. According to a compensation plan approved by shareholders in November last year, Tesla must achieve multiple targets, including reaching 10 million FSD subscription users, for Musk to receive additional stock awards. Additionally, it is reported that in Australia, the deadline for the one-time purchase option has been extended to March 31. (Jin10)

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