Tesla: To FSD And Beyond

Tesla, Inc. is evolving into a software-driven company, with full self-drive, or FSD, adoption now exceeding 55% of new deliveries in North America. TSLA's paid FSD subscriptions have surged 56% year-over-year, reaching 1.48 million, indicating robust monetization of its autonomous platform. While TSLA stock isn't considered "dirt cheap," its potential as a software tollbooth justifies a cautious, incremental buy approach. TSLA's substantial cash reserves and ongoing vehicle production provide a solid foundation for future software-driven growth.