Elon Musk Says FSD's $99/Month Subscription Fee Will Rise As Tesla Scraps Autopilot In US: 'You Can Be On Your Phone…'

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has shared that the company's Full Self-Driving (FSD) strategy volition grounds a terms hike arsenic exertion gets better.

On Thursday, Musk took to the societal media level X to stock the news. "The $99/month for supervised FSD volition emergence arsenic FSD's capabilities improve," the billionaire shared.

He added that the "value jump" would hap erstwhile Unsupervised FSD comes into play. "You tin beryllium connected your telephone oregon sleeping for the full ride," helium said.

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The automaker besides scrapped the Autopilot successful the U.S. and Canada. All caller car purchases from Tesla volition travel modular with Traffic-Aware Cruise Control now, according to the authoritative Tesla website. The institution is inactive offering Free Supervised FSD with the purchase.

Source: Tesla

Investor Cathie Wood-led ARK Invest has shared that the automaker's FSD strategy volition beryllium capable to make 8 times much worth for customers erstwhile the Musk-led EV elephantine is capable to execute unsupervised autonomy. "At $99 a period oregon $999 per year, FSD volition beryllium rather the steal," the concern steadfast said.

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Meanwhile, Tesla has rolled retired driverless Robotaxis successful Austin, operating connected Unsupervised FSD. Coinciding with the rollout, Musk shared astatine his quality connected the World Economic Forum signifier that autonomous vehicles were "essentially" solved by Tesla.

However, questions stay astir the driverless Robotaxis, arsenic Tesla vehicles driven by humans were seen pursuing the Robotaxis, which could mean that Tesla whitethorn person shifted the information operators from the Robotaxis to the trailing cars.

Insurer Lemonade Inc. (NYSE:LMND) announced a collaboration with Tesla, sharing that it was cutting rates by 50% for FSD-engaged driving, touting the strategy arsenic overmuch safer than a quality driver.

The determination was slammed arsenic a selling gimmick by capitalist Jim Chanos, who shared that the existent FSD strategy would boast manufacturer's liability.