Elon Musk's Tesla Might Consider Slashing FSD Subscription To $99: Survey

In a recent social media post on X by Troy Teslike, it was suggested that Tesla Inc TSLA might be contemplating a significant reduction in its Full Self-Driving (FSD) subscription from $199/month to $99/month.

What Happened: Teslike, the operator of a data-driven platform for Tesla delivery estimates, stated, “It appears Tesla might be considering reducing the price of Full Self-Driving (FSD) from $199/month to $99/month. I believe this would be quite popular.”

He disclosed that a survey he conducted in May 2021, two months prior to Tesla launching the FSD subscription option, revealed $99 as the most favored choice among potential subscribers.

The survey results indicated a strong preference for the $99/month option, with 56.9% of respondents choosing it. The $129/month and $159/month options garnered 17.6% and 7.4% of the votes respectively, while the existing $199/month price point was favored by 18% of the respondents.

See Also: Biden Vs. Trump Matchup In New Poll Shows Incumbent’s Lead Swelling, But Nearly 25% Of Voters Don’t Want Either As President

With an average error rate of 1.2% for Tesla’s production and 2.7% for deliveries, Teslike’s platform lends considerable weight to his survey results.

Why It Matters: Tesla’s FSD technology has been a significant point of discussion in recent times. In April, a senior executive at Tesla hinted at a potential shift in the company’s approach to autonomous vehicle regulation, suggesting that they might be willing to share data to demonstrate the safety benefits of FSD.

Furthermore, Tesla’s FSD software appears to have been deployed on approximately 2 million vehicles in the U.S. alone. Despite this, no automaker seems interested in licensing Tesla’s FSD technology, as reiterated by CEO Elon Musk in early April.

Read Next: Republican Leader Mitch McConnell Pushes For Legislation To Compel Chinese Divestment Of TikTok: ‘… An Enormous Threat To America’s Children’

Image Via Shutterstock


Benzinga Neuro, Edited by Kaustubh Bagalkote


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsTechGeneralElon MuskKaustubh BagalkotemobilityTeslaTroy Teslike
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!