More than six years after beginning to sell “full self driving” to consumers, Tesla Inc. beat on fourth-quarter earnings thanks to recognizing more than $300 million from sales of the software, which still doesn’t do what its name suggests.
Those analysts were not focused, though, on how Tesla beat on earnings — with roughly 9 cents a share coming from recognition of $324 million in deferred revenue for “FSD,” beta software for which Tesla charges $15,000 per vehicle. The company holds back on recognizing the full value of what customers pay for the software, claiming the revenue — which arrives basically as pure, 100% margin profit in the quarter — as it releases upgrades over time.
Wednesday’s windfall should have investors questioning exactly how Tesla is recognizing the FSD software.
OPINION: 99.9% of people who own Tesla stock and Tesla products do not do so based on or because of autonomous anything. It’s a complete and utter miss if you think that has anything to do with Tesla’s success.
Lmao corp. media bagging on Elon. What's new.
Just another lazy BS hit piece
I have a Tesla with FSD and I think it’s awesome. Keeps getting better. Go Elon!!
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Source: Reuters - 🏆 2. / 97 Read more »