1. Tesla's FSD software could bring $550 million in annual revenue. 2. 5% of customers chose FSD subscription by early 2024, increasing with a price cut. 3. Waymo is advancing in autonomous driving, conducting 250,000 paid rides weekly. 4. Tesla misses FSD timelines, achieving only 2.5 times improvement in crucial metrics. 5. Tesla's camera-only system may allow simpler scaling compared to Waymo's hardware stack.
Revenue from FSD is growing, but still minor compared to total sales. Past examples show slow tech adoption can lead to stagnation in stock price.
FSD revenue is critical for Tesla, but competition and execution issues dampen investor enthusiasm. Market pressures from competitors highlight the necessity for Tesla to accelerate FSD development.
While FSD revenue may boost in the short-term, long-term competition from advanced players like Waymo looms. Historical shifts in market sentiment can result from emerging competitors.