In a surprise announcement during Tesla’s Q2 2023 investor call, CEO Elon Musk revealed the company’s ambitious plan to license its Full Self-Driving (FSD) system to other automakers and original equipment manufacturers (OEMs). Musk stated, “We are very open to licensing our FSD software and hardware to other car companies,” further disclosing that Tesla is already in discussions with a major OEM interested in integrating the Tesla FSD into their vehicles. This move marks a significant shift in Tesla’s strategy, opening new possibilities for the widespread adoption of autonomous driving technology across the automotive industry.
In addition to the licensing initiative, Musk announced a “one-time amnesty” program during Q3, allowing existing Tesla owners to transfer their current FSD subscription to a newly purchased Tesla vehicle. This move is aimed at encouraging more Tesla customers to experience the advanced capabilities of the Full Self-Driving system.
Tesla’s dominance in the US electric vehicle market remains unchallenged, achieving a new internal record with 479,700 vehicles produced in Q2. The company delivered an impressive 466,140 vehicles during the same period, marking an impressive YoY growth of approximately 87 percent. CEO Elon Musk proudly mentioned that in Q1, the Tesla Model Y became the best-selling vehicle “of any kind,” surpassing popular models like the Corolla.
