Musk says Tesla will raise price of "Full Self-Driving" driver assistance to $12,000

[Budi]

Elon Musk says Tesla will raise price of "Full Self-Driving" driver assistance to $12,000
https://www.google.com/amp/s/www.cnbc.com/amp/2022/01/07/elon-musk-says-tesla-will-raise-price-of-fsd-to-12000-in-us.html

*Elon Musk says Tesla will raise the price of "Full Self-Driving," a premium driver assistance option, to $12,000 in the U.S.
*The company will also raise the price of FSD subscriptions, which currently cost $199 per month for most users, but Musk did not specify by how much.
*Tesla has never reported the take-rate for FSD, i.e. how many customers opt to buy or subscribe to use the advanced driver assistance technology.

On Friday, Tesla CEO Elon Musk announced on Twitter that the company will raise the price of its premium driver assistance package, marketed as Full Self-Driving or FSD, from $10,000 to $12,000 on January 17, for customers in the U.S. only.

In a series of posts on Twitter, where he has 69.2 million followers, Musk wrote, "Tesla FSD price rising to $12k on Jan 17. Just in the US. FSD price will rise as we get closer to FSD production code release."

When a follower asked him about Tesla's FSD subscription product (which currently costs $199 per month for most customers) Musk noted, "Monthly subscription price will rise when FSD goes to wide release." He also teased a new release of FSD Beta, an invitation-only program which offers more advanced features to select drivers who meet Tesla's qualifications.

Tesla does not disclose in its earnings reports exactly how many of its customers pay for FSD up-front or subscribe to FSD each quarter...

Tesla's Full-Self Driving option, also known as FSD, is a premium package that includes the Autopilot functions, and more sophisticated features like automatic lane-changing, stop light recognition, and "smart summon" which lets drivers call their car from a parking spot to come pick them up, using their smartphone and the Tesla app like a remote control.

Despite the name, it does not today allow cars to drive themselves automatically with no driver intervention.

More...

[badhair77]

1. I guess he needs the money . . .

[jimfields33]

6. Workers do at least

I guarantee they are not making minimum wage.

[badhair77]

7. I believe he's taking more than his share off the top,

and everywhere else.

[Zeitghost]

19. He doesn't take a salary

Stock options only. The only money in his pockets came from those who purchased the stock he sold, not from Tesla.

[48656c6c6f20]

2. I have a feeling the Tesla

Is the new DeLorean. Musk, of noted DU praise and mesionic praise, might be an innovator but he's a shitty person and a shitty business owner. Let's think about this, a Feature cost 12k now. A feature. Wtlf?

[NNadir]

3. He's not "an innovator." He hires engineers who innovate for a bad cause, but he is not an...

..."innovator."

He's an overpaid clerk.

[USALiberal]

4. Lol! Ok!

[USALiberal]

5. I don't think you know the story behind DeLorean. nt

[48656c6c6f20]

14. Yes I do.

So you shouldn't ASSume

[USALiberal]

16. No you don't! Nt

[Johonny]

8. Someone has to pay for that 10 % in taxes he claims he's gonna pay

[KY_EnviroGuy]

9. Musk's actuary has spoken.

KY............

[gratuitous]

10. And it still won't work

But as long as Musk can gull some early adopter rubes, he'll keep stringing them along.

[BannonsLiver]

11. Tesla's are basically holes in the universe silly people throw money into.

[Calculating]

12. My m3 is great

With that said, I passed on the full self driving upcharge snake oil.

[jmowreader]

13. I have a practical question here

If I were to buy one of these cars and want the FSD option, the way I'm reading this is I have to spend $12,000 just to get the software installed on my car...and then I have to spend another $200 a month to use it. Could that possibly be right? I know these are expensive cars but...whoa.

[Rstrstx]

17. No it's either/or

Either pay $12,000 for the software outright or lease it for $200 a month (or whatever the new rate will be).

[jmowreader]

18. That makes more sense, thanks

And from a fiscal standpoint it makes more sense to pay the subscription fee. If the new price will be $300 per month, you'd have to keep the car 40 months to break even on the purchase...and I suspect most Tesla owners only keep them three years before they trade in for the latest and greatest. I know at one time - this may still be true today - 75 percent of the Teslas on the road were leased. Leases are usually for three years.

[durablend]

15. Probably needs more for the lawsuits

Once they start killing people