A short conversational transcript excerpt arguing that Tesla monetized autopilot by converting it into a low-cost software subscription (about $97/month), turning one-time car purchases into recurring revenue. Speakers emphasize the high-margin, low-overhead nature of software subscriptions and encourage finding similar recurring models in other businesses.
I don't know how much money they made off of it, but it was super smart because they did that and then they just increased the recurring revenue. Where instead of someone buying a car once or like once every couple of years, now they have everybody paying 97 bucks a month on recurring for literally software that costs them next to nothing.
There's no overhead. You're just, I think, figure out a.
Way to do that in your business. Whether you're, you know, video business, you know, your product based business, whatever it may be. If you can figure out that recurring, you're going to make a lot of money because it's, that's where you're going to have more revenue retention.
