Tesla FSD Active Subscriptions Reached 1.1 Million, Up 38% YoY, as Stock Faces Pressure

Tesla's Full Self-Driving active subscriptions grew 38% year-over-year to 1.1 million users, with monthly subscriptions more than doubling in 2025, providing a software revenue bright spot amid broader challenges. However, the company faces headwinds from declining vehicle deliveries (Q1 2026: 358,023 units, missing estimates), falling automotive revenue (down 10% in 2025), and net income dropping 64% year-over-year to $840 million in Q4 2025. Wall Street maintains a consensus price target of $416.15 (22% upside from current levels), betting on upcoming 2026 catalysts including Cybercab production and robotaxi expansion.