💡Tesla is currently in the middle of the ramp-up of new products like the updated Model 3 and Cybertruck, but is also facing challenges due to high interest rates.
✨Tesla has been lowering vehicle prices to combat higher interest rates, but this strategy has its limits.
💰One potential revenue stream for Tesla is through paid software updates and upgrades. The company already offers paid features like premium connectivity and FSD subscription.
🔧Offering regular feature upgrades for a subscription fee or creating a Tesla App Store could incentivize customers to continually upgrade their software.
🚀Monetizing software updates would provide an ongoing revenue stream for Tesla and help support its future growth