Tesla Full Self-Driving coming soon to other brands as the EV maker announces FSD licensing and 2-month subscription transfer period ↺
After spending years developing the technology, Tesla announced in its latest Q2 2023 investor call that it is open to licensing its Full Self-Driving technology to other car manufacturers (via Engadget). The move to license FSD hardware and software comes just months after Tesla also started licensing its formerly-proprietary North American Charging Standard and Supercharger network access to other EV manufacturers.
In addition to announcing that FSD will eventually make its way to other car brands, Tesla confirmed that it was in talks with at least one other major car maker to include FSD hardware in upcoming vehicles. Tesla didn't provide any other details about which brand it was working with, though.
"We are very open to licensing our FSD software and hardware to other car companies, and we're already in discussions with a major OEM about using a Tesla FSD." - Elon Musk, CEO, Tesla.
The announcement also comes with the news that Tesla has seen year-over-year sales growth of around 87%, while the company has remained profitable, despite starting an intense price war earlier this year.
In the same investor call, Tesla CEO, Elon Musk, stated that the company would grant current Tesla owners a single-use opportunity in Q3 2023 to transfer their Full Self-Driving subscription to a new Tesla. The timing of this amnesty period is curiously close to the launch of the upcoming Cybertruck electric pickup, although it's unlikely that Tesla will be delivering Cybertruck units in volume until well into 2024.
The FSD transfer amnesty period will hang around until the end of September and apply to any new orders placed before then. The decision to allow transferring FSD to another vehicle goes against what Tesla ordinarily allows, but it will probably successfully drive sales in a maturing electric vehicle market.