Industrial Production Up By An Annual 6.1% In June

by THEFUTURE.TEAM

August 30, 2024

The Industrial Production Index rose by an annual 6.1% in June driven mainly by the annual gains in electricity production, data released on Thursday by the Statistical Service of Cyprus (CyStat) show.

In June 2024 the Index reached 117.3 units (base 2021=100).

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For the period January – June 2024, the index recorded an increase of 5,5% compared to the corresponding period of the previous year, CyStat added.

The manufacturing sector registered an increase of 2.1% compared to June 2023 while an increase was also observed in the sectors of electricity supply at 33.7%), mining and quarrying at 3.3% and water supply and materials recovery at 2.9%.

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Tesla Shifts Full Self-Driving To Subscription Model Amidst Intensifying Competition

by THEFUTURE.TEAM

January 16, 2026

Tesla Inc. (TSLA) is set to change the way its highly anticipated Full Self-Driving (FSD) technology is sold. Following a recent announcement from CEO Elon Musk, the electric vehicle maker will discontinue its one-time, flat-rate purchase option for FSD and instead offer the package exclusively as a monthly subscription.

Transitioning From One-Time Payment To Recurring Revenue

Musk said on his social media platform X that Tesla will stop selling FSD after February 14. Going forward, customers will be able to access the system for a recurring fee currently set at $99 per month, replacing the previous one-time price of $8,000. The move underscores Tesla’s ongoing shift toward subscription-based software and its effort to build more predictable revenue from autonomous driving features.

Market Impact And Competitive Landscape

The announcement comes as Tesla faces increased competition in the autonomous vehicle sector. Shares closed 1.8% lower following the news, reflecting market caution. Industry peers such as Alphabet’s Waymo have reported significant milestones, including over 450,000 weekly paid rides, positioning themselves as frontrunners in the robotaxi market. Meanwhile, Tesla’s FSD continues to require a human driver at the helm, underscoring regulatory and technological challenges that persist across the industry.

Operational Challenges And Future Outlook

Tesla’s Q4 reports also point to operational headwinds, with deliveries of 418,227 vehicles — a year-over-year decline of 16% — and production down by 5.5%. Despite these hurdles, FSD remains a cornerstone of Tesla’s strategy to cement its leadership in next-generation autonomous mobility. CFO Vaibhav Taneja noted that the current FSD customer base comprises about 12% of Tesla’s fleet, a statistic that further emphasizes the potential for growth through the subscription model.

Regulatory And Legal Oversight

Investor and public scrutiny have intensified, especially in light of regulatory challenges in key markets such as California. The state’s Department of Motor Vehicles has accused Tesla of overstating the capabilities of its self-driving systems, a charge that has culminated in legal actions which remain under appeal. This evolving regulatory landscape adds a layer of complexity to Tesla’s ambitious plans in autonomous technologies.

As Tesla navigates these multifaceted challenges, the shift to a subscription model for FSD could signal a broader trend within the mobility industry. With advancements in robotics and AI fueling competition from established players like Waymo, Tesla’s strategic pivot underscores the dynamic nature of technological innovation in the automotive sector.

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