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Tesla raises its cost towards Self Driving cars

- 20 May, 2020 245 Views 0 Comment

Tesla is raising the price of its self-driving option on its electric vehicles worldwide starting with a $1,000 (820) hike.

Founder Elon Musk tweeted that the price will continue to rise as its technology improves. But the entrepreneur said the technology it's adding will be worth more than $100,000.


Teslas' full self-driving (FSD) option is called Autopilot, although it isn't fully autonomous.

Autopilot has a number of features including automatic lane changes, parallel parking and a summon feature, which automatically parks and retrieves the car. Its upcoming features include automatic traffic light and stop sign control.


The self-driving option will cost $8,000 when the price rise kicks in on 1 July. The FSD price will continue to rise as the software gets closer to full self-driving capability with regulatory approval, Mr. Musk said in a series of tweets on Monday.


At that point, the value of FSD is probably somewhere in excess of $100,000. Tesla was investigated by regulators in the US after a driver was killed while using Autopilot in 2018. However, the investigation discovered the driver was playing a video game on his smartphone at the time of the crash.


The best-selling Tesla Model 3 currently sells for $33,690 in the US if a driver opts for the basic package. With Autopilot this would currently cost $40,690.