Granted, electric vehicle giant Tesla (TSLA) can only offer its Full Self-Driving (Supervised) (FSD) service in a handful of places in Europe. In fact, it can only offer it in two different countries at last report. Those countries, and any countries that follow, will have to pay for FSD access on a monthly subscription rate now, however. That development proved welcome to investors, who sent Tesla shares up nearly 2% in Friday’s trading.
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Some features will be available in more places than others, reports suggest. Those who want to use features like Autosteer will be paying subscription fees to do so. The complete FSD package, meanwhile, which allows point-to-point hands-free driving, is only available in two countries, Lithuania and the Netherlands.
Previously, FSD access was available for a one-time fee of 6,800 pounds sterling or 7,500 euros. Now, Tesla is asking 99 euros or 99 pounds—which would actually work out to about 114.65 euros in Friday afternoon’s trading—for access. Tesla is working to get the service made available in more countries, and hopefully, land new subscribers in those same areas to boost recurring revenue.
Speaking of Full Self-Driving
Meanwhile, another driver recently illustrated why FSD requires drivers to stay aware at all times. Someone on X recently had a ride with an Uber driver, one who drove a Tesla with the FSD feature. And that driver seemed to take the opportunity to catch a quick nap while driving.
The driver was reportedly asleep for about 20 minutes, while the Tesla drove at the legal speed limit, changed lanes effectively, exited at the correct exit—this was on the highway, reports also noted—and ultimately reached its destination while the driver was sound asleep. This is, of course, exactly what we wanted FSD to be, even if we seldom get just what we want here.
Is Tesla a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 12 Buys, 12 Holds, and five Sells assigned in the past three months, as indicated by the graphic below. After a 23.14% rally in its share price over the past year, the average TSLA price target of $403.86 per share implies 5.6% downside risk.
