Elon Musk believes the Full Self-Driving technology and optional feature available for all newly produced Tesla vehicles is undervalued.
Ever since 2017, Elon has said that he believes Full Self-Driving price is too low. On November 1st, 2019 the price began to increase from $6,000. Now Elon Musk said the price will increase again from $8,000 to $10,000 on Monday October 26th.
That’s a lot for Navigate on Autopilot, Automatic Lane Changes, and Smart Summon, especially since basic Autopilot is included for free. That said, Tesla is betting that the features included in the 2021 Full Self-Driving update will be valuable enough that people will pay that amount.
As Elon stated during an Autopilot Interview, he believes vehicles with autonomy are 5X to 10X more valuable than cars without. He also thinks that because Tesla vehicles have so much hardware technology built-in and that the software keeps getting better, Tesla vehicles may actually appreciate over time.
Ever since the Autopilot options were updated in 2019, we know that the Full Self-Driving package is where the future advances will occur.
Some of the exciting enhancements to come will focus on more sophisticated summon features in addition to city driving capabilities, such as navigating traffic lights and more complex intersections.
For a glimpse of what’s coming, check out future Autopilot and Full Self-Driving updates for the latest. Also, be sure to check out Tesla Autonomy Day for a fascinating deep-dive into the Autopilot technology.
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