Tesla gave up the EV crown. Now it wants to win the autonomy race.

Tesla is shifting its business model toward recurring revenue from software and AI-powered services, with Full Self-Driving subscriptions reaching 1.7 million globally, up 67 percent year on year, as Musk explores a possible SpaceX merger to accelerate autonomous driving. Tesla ceded its position as the world's largest EV maker to BYD last year, and its 2030 sales goal has been cut from 20 million to 5 million vehicles. Tesla has not yet won approval for its fully autonomous version of FSD and is seeking wider EU backing through a member-state vote delayed until December, while Xpeng pursues EU approval for its XNGP system.