TSLA is trading 3.1% higher at $430.70 today, buoyed by the strategic expansion of its high-margin software ecosystem in major European markets.
- Tesla officially launched Full Self-Driving (Supervised) subscriptions in Germany and Sweden on May 22 for €99 per month, accelerating its international software monetization efforts.
- Investor sentiment is also supported by speculation around a potential FSD rollout in China and optimism surrounding the upcoming IPO of SpaceX, in which Tesla holds a sizable equity stake.
- The positive catalysts easily overshadowed a minor safety recall of 14,575 Model Y vehicles over missing weight certification labels.