Tesla(US:TSLA) 电动车公社·2026-02-11 16:06Core Viewpoint - Tesla is undergoing significant changes in its Full Self-Driving (FSD) strategy, shifting from a one-time purchase model to a subscription-based model, which may impact user adoption and revenue generation [2][18][28]. Group 1: FSD Subscription Model Changes - Elon Musk announced the discontinuation of the lifetime FSD transfer rights by March 31, with a new subscription model priced at $199 per month, making the last opportunity for a one-time purchase at $8,000 before Valentine's Day [2][3][5]. - The transition to a subscription model is seen as a strategy to increase revenue, with potential profits from FSD subscriptions estimated at $2 billion annually if the user base grows significantly [26][38]. - The FSD user base is currently limited, with only about 1.1 million paying users, representing a penetration rate of less than 12% [26][28]. Group 2: AI Chip Development - Tesla is nearing completion of its AI5 chip design, which is expected to enhance FSD capabilities significantly, with a performance increase of approximately five times compared to the previous generation [5][6]. - The company plans to build a new chip factory, TeraFab, with a monthly capacity of 1 million wafers to meet the high demand for chips necessary for its AI initiatives [11][12]. - The focus of the AI5 chip design is on reducing cost and power consumption rather than maximizing computational power, which aligns with Tesla's broader strategy of scaling production [7][11]. Group 3: Market Position and Future Prospects - Tesla's updated mission statement reflects a broader ambition beyond sustainable energy, aiming to "build an extraordinary world" through AI integration in its vehicles and robots [15][16]. - The company is adapting its FSD technology for the Chinese market, which presents unique challenges due to different traffic conditions and regulations, indicating a long-term strategy for market penetration [61][66]. - The potential for FSD to significantly reduce insurance premiums, as highlighted by Lemonade's announcement of a 50% discount for FSD users, underscores the technology's perceived safety advantages [40][41].