The feature is not ready. The only reason Tesla pushed it out this early is that they want to recognize some of the Autopilot deferred revenue in Q3 to mask a YoY decline in revenue driven by lower ASPs, which damages their growth story.
Deferred revenue related to the access to our Supercharger network, internet connectivity, Autopilot and FSD features and over-the-air software updates on automotive sales with and without resale value guarantee amounted to $1.19 billion and $882.8 million as of June 30, 2019 and December 31, 2018, respectively.
Deferred revenue is equivalent to the total transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, as of the balance sheet date. Revenue recognized from the deferred revenue balance as of December 31, 2018 was $113.5 million for the six months ended June 30, 2019. From the deferred revenue balance as of January 1, 2018, revenue recognized during the six months ended June 30, 2018 was $44.5 million.
Of the total deferred revenue on automotive sales with and without resale value guarantees, we expect to recognize $567.0 million of revenue in the next 12 months.
Lower ASP is to be expected as people are buying many more (and increasing) Model 3 than Model S/X.
Apple did not make less total revenue when they introduced a lower-priced iPod. The claim above was that Tesla would have had a reduction in total revenue without being able to book pre-sales for this half-baked feature.