$Tesla (TSLA.US)$ Tesla should be treated as a software comp...

$Tesla (TSLA.US)$ Tesla should be treated as a software company. The current value-added services provided by Tesla include the FSD optional package, which is priced at $10,000.

At present, the FSD selection rate is less than 20%, accounting for less than 4%. And here with the continuous iteration of the autopilot version and the continuous increase in Tesla's ownership, the contribution of the service industry's profits will definitely improve rapidly.

If according to the forecast of the previous Soochow study, the profit of the service industry will account for 50%, according to the 25-year guidelines, this profit alone will exceed 10 billion U.S. dollars.

Although the iteration of the version has been postponed recently, it is still very good in terms of the 2,000-person autonomous driving situation in the United States in October.

In benchmarking with Apple’s service business, the gross profit margin of software service revenue exceeds 50%, with a compound growth rate of 33%. It may seem reasonable to understand the valuation issue in this way.