Tesla is raising the price of its Full Self-Driving option "substantially" on May 1, right after the company will demonstrate its latest autonomous driving capability at an event at the end of the month.
Earlier this week, Elon Musk claimed that Tesla vehicles are now "valuing assets" because of their self-propelled ability.
He aims for Tesla vehicles to become income-generating assets for their owners, but if the price doesn't increase, the value will still write off since new buyers could still buy the vehicles for MSRP.
Now Musk confirmed that Tesla is planning to "substantially" raise the price of the Full Self-Driving option over time ̵
"Please note that the price of the Tesla Full Self-Driving option will increase significantly over time. "
He confirmed that this was what he thought the Tesla vehicles were" valuing assets ":
– Elon Musk (@e lonmusk) April 13, 2019
He said it would increase by "something like" $ 3,000, which would put the price of the package at around $ 8,000.
The price increase comes as Tesla introduces its new fully self-propelled computer, which entered the production earlier this month.
It's still unclear if all new cars get the new computer.
Tesla refuses to confirm it, but the automaker still says it will offer computer retrofits to all owners who purchased the Full Self-Driving option, which Musk says will increase in price next month.
Musk says they will start the retrofitting "in a few months":
Tesla will start FSD computer upgrade for a few months
– Elon Musk (@elonmusk) April 13, 2019
Earlier this week, Musk says Tesla's new FSD computer is only used at 5% capacity with today's Autopilot software compared to ~ 80% for the previous computer generation.
Over the rest of the year, Tesla is expected to release increasingly sophisticated software updates that use more computational power out of the new computer, resulting in complete self-propelled capability by the end of the year, according to Tesla.
The price increase of the package will come after Tesla will demonstrate its latest self-propelled technology on an investor meeting on April 22.
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