Zaid Admani

There have been mass government protests in Iran for weeks now, and Trump had warned that the U.S.

could get involved and respond with military action, and that risk sent oil prices jumping more than 10% earlier in the week.

Iran is a major oil producer.

and a key member of the OPEC's plus countries with some of the largest oil reserves in the world.

And any disruption or military conflict there would have tightened global supply.

But now that Trump is backing down, oil prices fell nearly 4%, and that's also pushing down the stock prices of oil giants like Exxon, Chevron, and other oil names.

Let's wrap the show with a fun fact.

Tesla is officially turning their full self-driving service into a subscription-only product.

Elon Musk announced on X that starting February 14th, Tesla will stop selling full self-driving as a one-time purchase and instead only offer it as a monthly subscription.

See, up until now, you had two options.

You could either pay $8,000 upfront when buying a new Tesla and then get FSD for life, or you could subscribe to FSD by paying $99 a month.

But going forward, the lump sum option is gone and it's gonna be subscription only.

And I can't say that I'm surprised.

This is just another example of the subscriptionification of the economy.

Investors like predictable high margin reoccurring revenue and that's what subscriptions are.

And Tesla is just further leaning into being more of a software business than a car company.

Plus I can't imagine that many Tesla buyers were paying $8,000 upfront anyways for FSD.

In fact, according to Tesla CFO, only 12% of Tesla's current fleet have FSD, which includes anyone that paid upfront or is paying $99 a month.

You know, I have a Tesla and I tried FSD for a month and while it was cool, I just don't think that it's worth it for me.

Like I don't really drive a lot.