Tesla's Full Self-Driving Subscription: Pricing Updates and Future Developments
Tesla's CEO, Elon Musk, announced that the subscription prices for the company's "full self-driving" (FSD) software will increase as the capabilities of the service improve. Tesla is transitioning from offering FSD as a one-time purchase to a subscription-based model, currently priced at $99 per month. Customers can still opt for the one-time purchase of FSD for $8,000 until February 14. Musk mentioned that the monthly fee for supervised FSD will rise with advancements in the technology, with the ultimate goal being unsupervised FSD where passengers can be on their phone or even asleep during the ride.
Despite Musk's promises of unsupervised FSD for years, Tesla has not provided a clear timeline for when this feature will be available. The company faced legal challenges and regulatory scrutiny over its claims regarding FSD capabilities, leading to the continued presence of the "supervised" disclaimer on Tesla's website. Musk has been vocal about the potential of robotics, artificial intelligence, and autonomous vehicles as key growth drivers for Tesla, especially as the company navigates a slowdown in auto sales.
Tesla is currently testing its driverless robotaxis in Austin, Texas, and has started trials without a human safety monitor. Musk also revealed plans for the production of Tesla's Cybercab, a two-seater fully autonomous vehicle, starting in April. However, he cautioned that the initial production of the Cybercab and Tesla's Optimus humanoid robot will be a slow process. Stay updated on Tesla's developments and stock performance with InvestingPro's Fair Value calculator, which uses a variety of industry valuation models for accurate analysis. Explore potential investment opportunities and discover hidden gems with significant growth potential across various stocks, including TSLA.