Tesla Makes FSD 20% Cheaper Despite Musk's Grumbles About Price Already Being 'Very Low'
Portfolio Pulse from Anan Ashraf
Tesla Inc has reduced the price of its full self-driving (FSD) capability by 20%, bringing it down to $12,000 from $15,000. This comes despite CEO Elon Musk's previous comments that the $15,000 price was 'very low'. Musk also revealed that customers can now opt for FSD through a monthly subscription, and existing customers can transfer their FSD software package from their old Tesla vehicle to a new one.
September 01, 2023 | 5:26 am
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Tesla's decision to reduce the price of its FSD capability and offer more flexible payment options could potentially increase sales and customer satisfaction, positively impacting its stock price in the short term.
The price reduction and flexible payment options for Tesla's FSD capability could make it more accessible to a wider range of customers, potentially increasing sales. This, coupled with the ability for existing customers to transfer their FSD software to a new vehicle, could also increase customer satisfaction and loyalty, which could positively impact Tesla's stock price.
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