TESLA
TSLA most important number is FSD subs grew 56% vs. 51% March. That growth should accelerate in September because of the huge delivery beat in June.
In the investor deck they report “with over 55% of new deliveries including FSD subscriptions”. I assume they are talking about paid subs, not the free one month trail that comes with new Tesla's.
If that’s the case that attach rates are 55% in the US, that is higher my estimate of sub 10% attach rates late in 2024. This underscores how much FSD has improved. I believe about 20% of global Tesla’s with Hardware 3 now subscribe to FSD. That number likely goes to 85% long term.
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- RaymondReed·07-23 17:02I said 50%+ last year and still lowballed it. This is product click, not just June deliveriesLikeReport