Tesla Inc. will soon allow customers in the US to gift the Full Self-Driving (FSD) package to others. This feature is expected to be available before the holidays.
Ready Before the Holidays
Influencer Sawyer Merritt recently interacted with Raj Jegannathan, a senior VP at Tesla, and outlined the possibility of gifting FSD subscriptions to people before the holidays. Jegannathan confirmed that this feature will be available soon, stating “Will have it ready before holidays!”
Background on Raj Jegannathan
Jegannathan was recently appointed as the Head of Sales for Tesla after multiple key personnel left the automaker.
Musk Touts FSD Amid NHTSA Investigation
The news comes as Tesla CEO Elon Musk recently touted the FSD system’s capabilities, claiming that it was spreading faster than any other technology. This is despite an ongoing NHTSA probe into the system, which has affected over 2.88 million vehicles.
FSD and Robotaxi Operations
As FSD is a crucial element of Tesla’s Robotaxi operations, Musk has expressed optimism and confidence in the technology. However, he has rolled back on a key Robotaxi promise, which included serving half the population of the US with Tesla Robotaxis. The company is now targeting a rollout in 8-10 major cities.
Tesla’s Stock Performance
Tesla scores well on Momentum and Quality metrics, while offering satisfactory Growth, but poor Value. The company also has a favorable price trend in the Short, Medium, and Long term.
Conclusion
The introduction of giftable FSD subscriptions is a significant development for Tesla, and it will be interesting to see how this feature is received by customers. With the holiday season approaching, this could be a great opportunity for Tesla to boost sales and increase customer engagement.