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Tesla Letter to Shareholders Form

Tesla Letter to Shareholders Form

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Vehicle software. This is probably my favourite part of the letter. And something that The Third Row (podcast I'm on) did a whole episode on about Tesla becoming a software as a service company. Transitioning more to software revenue. They say in Q4 we launched premium connectivity in the US for $9.99 plus tax per month. This enables our customers to stream music or videos, browse internet, see live traffic. We also introduced in app purchases where our customers can buy various software updates such as Autopilot, FSD, acceleration boost and additional premium features. Software will continue to play a growing role in our business model. This cannot be understated. This may be the most important sentence in Tesla's shareholder letter because Tesla - like I said their operating margin 5%. They're a car company. Are they a car company? Or are they a computers on wheels company with an base of a million users that's growing rapidly. Soon to be 5 million, 10 million people driving around

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