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Tesla's FSD Approved in Finland, EU Vote Looms
13 Nov
Summary
- Finland recognized Tesla's assisted driving system for immediate customer use.
- EU-wide approval requires a European Commission vote expected this winter.
- Active FSD subscriptions grew 67% year-over-year, but profit declined.
Finland's transport agency, Traficom, has granted provisional type-approval for Tesla's Assisted Driving system, previously named FSD (Supervised). This recognition permits Tesla to offer the system to Finnish customers immediately.
The approval is not without conditions; drivers retain full responsibility, and the system cannot continuously exceed speed limits. Speed settings will also reset upon restarting the vehicle.
Full EU-wide approval hinges on a vote by the European Commission's Technical Committee on Motor Vehicles, anticipated this winter. Following the vote, the approval is expected to take effect approximately three weeks later.
Despite a substantial increase in active FSD subscriptions, reaching 1.74 million in the third quarter (up from 1.04 million a year prior), Tesla's GAAP operating income fell to $718 million from $1.62 billion.
This year-over-year subscription growth of about 67% contrasts with the profit decline, suggesting software revenue must increasingly contribute to the company's financial performance. While Tesla's GF Score indicates strong financial strength, its profitability score is lower.
