Tesla Reduces the Cost of its ‘Full Self Driving’ System to $8,000, Marking a 33% Price Decrease

Tesla, the renowned electric vehicle manufacturer, has made a significant move to reduce the price of its “Full Self Driving” system by 33%, bringing the cost down to $8,000 from the previous price of $12,000. This announcement was made on the company’s official website, highlighting Tesla’s commitment to making its advanced driving technology more accessible to consumers.

However, it is important to note that the “Full Self Driving” system does not currently possess the capability to drive autonomously. Drivers are still required to remain alert and ready to intervene in case of any potential hazards on the road. This development is in line with Tesla CEO Elon Musk’s promise in 2019 of having a fleet of robotaxis on the streets by 2020. Unfortunately, this promise has yet to materialize, and human supervision remains an essential component of Tesla’s self-driving system.

The decision to reduce the price of the “Full Self Driving” system comes shortly after Tesla’s move to slash $2,000 off the prices of three of its five vehicle models in the United States. This decision serves as evidence of the challenges that Tesla is currently facing as an electric vehicle manufacturer. The company has been grappling with falling sales and increased competition throughout the year, resulting in a decline of approximately 40% in its stock price. In an effort to entice more car buyers and potentially boost sales, Tesla has resorted to discounted sticker prices.

Among the models that received price reductions are the Model Y, Tesla’s popular small SUV and the best-selling electric vehicle in the United States, as well as the older and more expensive Models X and S. The prices for the Model 3 sedan and the Cybertruck, however, remained unchanged. These adjustments were made after Tesla’s stock dropped below $150 per share, which wiped out all gains made over the past year.

Tesla’s latest move to reduce prices indicates its commitment to adapting to the market demands and challenges it faces. By making its “Full Self Driving” system more affordable, Tesla aims to attract a larger customer base and encourage more buyers to consider electric vehicles. While the promise of fully autonomous driving may not have been realized yet, Tesla’s ongoing efforts to enhance its driving technology will undoubtedly contribute to the future of autonomous vehicles.

In conclusion, Tesla’s decision to reduce the price of its “Full Self Driving” system by 33% reflects its determination to make advanced driving technology more accessible to consumers. Despite the system’s current limitations that require human supervision, Tesla’s commitment to developing autonomous driving capabilities remains strong. As the company navigates through challenges such as falling sales and increased competition, these price reductions serve as a strategic move to entice potential buyers and solidify Tesla’s position in the electric vehicle market.