Elon Musk is counting on full-self driving and other new technologies and vehicles at Tesla Inc to provide the 'wow factor' that will continue to drive the electric carmaker's value far beyond its automotive rivals.
Tesla on Wednesday doubled down on the price war it started at the end of last year, asthe company would prioritize sales growth ahead of profit. In the first quarter, Tesla posted its lowest quarterly gross profit margin in two years.
Tesla now sells the FSD software, which does not make the vehicle autonomous, for $15,000. That is almost a third of the roughly $47,000 current starting price of the base Model Y in the United States. "It's not clear to me how that timetable in any way is consistent with the evidence we have seen," he added, describing the current version of FSD as "highly imperfect."
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