Tesla CEO Elon Musk debunks claims that FSD take rate is only 2%
$Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ The article reported that Tesla CEO Elon Musk has debunked claims that the take rate for Full Self-Driving (FSD) is just a mere 2%. As per Musk, the take rate for FSD is much higher than the shockingly low figure.
FSD’s alleged 2% take rate was shared by Moomoo Technologies Inc. in a blog post. As per the firm’s post, YipitData’s latest figures tracked almost 3,500 Tesla owners who experienced FSD’s free trial.
My Take: The article presented by Moomoo Technology and quoted by Electrek is biased against Tesla. It used a few X.com blogs to justify the YipitData which is confirmation bias. There are 2 flaws. First YipitData's FSD subscription data is collected over a very short period of time - during FSD free subscription offer period. There are many interested but didn't subscribe due to technical and available issues. The sample size of 3,500 is already questionable. Second YipitData is wrong to conclude that those who didn't subscribe implies FSD is bad. There are many other reasons like financial affordability, no need for such a service or they need more time to consider. On the contrary, if Tesla were to allow auto opt-in Tesla FSD subscriptions at the point of sales, I'm sure the take-up rate will be very high. A better statistics will be mileage growth by Tesla FSD users. You can read a report here:
Tesla FSD fleet passes 1 billion-mile milestone
FSD’s alleged 2% take rate was shared by Moomoo Technologies Inc. in a blog post. As per the firm’s post, YipitData’s latest figures tracked almost 3,500 Tesla owners who experienced FSD’s free trial.
My Take: The article presented by Moomoo Technology and quoted by Electrek is biased against Tesla. It used a few X.com blogs to justify the YipitData which is confirmation bias. There are 2 flaws. First YipitData's FSD subscription data is collected over a very short period of time - during FSD free subscription offer period. There are many interested but didn't subscribe due to technical and available issues. The sample size of 3,500 is already questionable. Second YipitData is wrong to conclude that those who didn't subscribe implies FSD is bad. There are many other reasons like financial affordability, no need for such a service or they need more time to consider. On the contrary, if Tesla were to allow auto opt-in Tesla FSD subscriptions at the point of sales, I'm sure the take-up rate will be very high. A better statistics will be mileage growth by Tesla FSD users. You can read a report here:
Tesla FSD fleet passes 1 billion-mile milestone
This presentation reminded me of a famous quote:
'There are three kinds of lies: lies, damned lies, and statistics.'
Source:
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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