Tesla Surprises Market with Price Cuts for Full Self-Driving Feature and Models

Austin, Texas, Texas United States of America
Elon Musk previously stated FSD would only get more expensive over time
Enhanced Autopilot system eliminated, customers offered upgrade to FSD for $2,000
Price of FSD system drops from $12,000 to $8,000
Subscription version of FSD reduced from $199 to $99 per month
Tesla announces price cuts for Full Self-Driving feature and models
Tesla Surprises Market with Price Cuts for Full Self-Driving Feature and Models

Tesla, the leading electric vehicle (EV) manufacturer, made headlines last week by announcing price cuts for several of its models and a significant reduction in the cost of its 'Full Self Driving' (FSD) feature. The FSD system, which is marketed as having autonomous capabilities but is actually a Level 2 driver-assist system, saw its price drop from $12,000 to $8,000.

The price reduction came as a surprise to many given that Tesla CEO Elon Musk had previously stated that the FSD feature would only get more expensive over time. The cost of the FSD system peaked in 2022 at $15,000 before being reduced to $12,000 earlier this year.

Tesla also eliminated the ability to purchase its Enhanced Autopilot system and offered customers with it an upgrade to FSD for just $2,000. The subscription version of FSD was also reduced from $199 to $99 per month.

The price cuts come as Tesla faces increasing competition in the EV market, particularly in China where local automakers are offering competitive pricing and advanced technology to outsell Tesla. Chinese smartphone maker Xiaomi recently launched its SU7 electric car at a price significantly lower than that of the Model 3.

Tesla is expected to deliver its Q1 2024 financial results on April 23, and Musk is likely to face questions about the pricing adjustments during the earnings call. The company's profit margins have been shrinking faster than its quarterly deliveries, making every sale crucial.

Despite the price cuts, Tesla remains committed to its goal of developing a robotaxi vehicle using the FSD system. Musk announced that Tesla will reveal this long-teased vehicle on August 8.


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Confidence

91%

Doubts
  • Are the price cuts a response to competition from Chinese automakers?
  • Is Tesla's Full Self-Driving feature truly autonomous or just a Level 2 driver-assist system?

Sources

94%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Tesla cuts Full Self Driving cost by 1/3 ahead of earnings call

Ars Technica Jonathan M. Monday, 22 April 2024 14:40
  • Unique Points
    • Tesla reduced the price of its 'Full Self Driving' feature by 33% last week.
    • New price for FSD is $8,000 instead of previous $12,000.
    • All new Teslas come with a 30-day trial of FSD.
    • Tesla will deliver its Q1 2024 financial results tomorrow afternoon.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (70%)
    The author makes several statements that imply or claim facts without providing clear evidence or linking to peer-reviewed studies. For example, the author states 'Tesla claims that [y]our car will be able to drive itself almost anywhere with minimal driver intervention and will continuously improve,' but there is no evidence provided in the article to support this claim. Additionally, the author states 'there are safety concerns with using FSD,' but then goes on to discuss lawsuits and recalls without directly addressing the safety concerns. These statements constitute selective reporting and emotional manipulation, respectively.
    • Tesla claims that [y]our car will be able to drive itself almost anywhere with minimal driver intervention and will continuously improve,
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

84%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Tesla slashes Full Self-Driving price after Elon Musk said it would only get more expensive

The Verge Umar Shakir Monday, 22 April 2024 15:36
  • Unique Points
    • Tesla’s Full Self-Driving (FSD) software package price has been reduced from $12,000 to $8,000.
    • The cost of FSD peaked in 2022 at $15,000 before being reduced to $8,ooo.
    • Tesla has eliminated the ability to purchase Enhanced Autopilot and customers with it can upgrade to FSD for just $2,0oo.
    • Musk announced that Tesla will reveal a long-teased robotaxi vehicle on August 8th.
  • Accuracy
    • Tesla's Full Self-Driving (FSD) software package price has been reduced from $12,000 to $8,000.
    • New price for FSD is $8,000 instead of previous $12,000.
    • Tesla reduced the starting price of its Model 3 in China to 231,90 yuan ($32,ooo), a reduction of 14,ooo yuan.
    • Tesla cut prices on several of its models including the Model Y, Model 3, Model S and Model X for the U.S. market.
    • Tesla reduced the price of its ‘Full Self Driving’ system to $8,000 from $12,000.
  • Deception (30%)
    The author makes several statements that are misleading or inaccurate. First, the author states that 'Tesla has discounted the $12,000 feature to $8,000.' This is not entirely accurate as the price for FSD had been higher before and was marketed to eventually reach over $100,00. The author also states that 'In reality, the cost of FSD peaked in 2022 when it was raised to $15,000 and later fell to $12,000.' This is misleading as the price had been higher before 2022 and was marketed to continue increasing. The author also states that 'Musk’s campaign to make autonomous vehicles central to Tesla’s business will become clearer later this year.' This is an opinion and not a fact. Lastly, the author states that 'He reportedly canceled plans to produce a more affordable $25,000 “Model 2” vehicle in favor of going all in on robotaxis.' This is not mentioned in the article and is an assumption made by the author.
    • Musk’s campaign to make autonomous vehicles central to Tesla’s business will become clearer later this year.
    • The price for Tesla’s Full Self-Driving (FSD) software package was supposed to get more expensive over time but instead, it's getting cheaper.
    • In reality, the cost of FSD peaked in 2022 when it was raised to $15,000 and later fell to $12,000.
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

95%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Tesla slides 4%, Li Auto sinks 8% as EV makers slash prices amid fierce competition

CNBC News Shreyashi Sanyal Monday, 22 April 2024 09:11
  • Unique Points
    • Tesla reduced the starting price of its Model 3 in China to 231,900 yuan ($32,000), a reduction of 14,000 yuan.
    • Li Auto reduced prices for its models including L7, L8, L9 and Mega SUV up to 30,0yuan.
    • Competition in China's EV space has intensified with local automakers pushing to outsell Tesla with fancy tech and competitive pricing.
  • Accuracy
    • Tesla reduced the starting price of its Model 3 in China to 231,900 yuan ($32,000)
    • Li Auto reduced prices for its models including L7, L8, L9 and Mega SUV up to 30,0yuan
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Tesla price cut: Model Y undercuts Model 3 by $5,000 with tax credit

Green Car Reports Bengt Halvorson Monday, 22 April 2024 16:53
  • Unique Points
    • Tesla cut prices on several of its models including the Model Y, Model 3, Model S and Model X for the U.S. market.
    • The base price of the Model Y rear-wheel drive has dropped $2,000 to $44,630 and the Model Y Long Range AWD price also dropped by the same amount to $49,630.
    • Both Model Y variants are now eligible for the $7,500 EV tax credit, reducing the effective price for many households to just $37,130 and $42,130 respectively.
    • The Model 3 didn't get a corresponding price cut and doesn't qualify for the EV tax credit.
    • The base Model Y RWD now undercuts the base Model 3 by $5,000 for tax-credit-eligible customers.
  • Accuracy
    • The Model 3 didn’t get a corresponding price cut and doesn’t qualify for the EV tax credit.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Tesla cuts the price of its "Full Self Driving" system by a third to $8,000

ABC NEWS SITE NAMES Name: ABC News Site Names URL: https://abcnews.go.com/Politics/us-officially-blames-iran_106834435 ABC News Monday, 22 April 2024 16:54
  • Unique Points
    • Tesla reduced the price of its 'Full Self Driving' system to $8,000 from $12,000.
    • Tesla slashed $2,000 off the prices of three models: Model Y, Model X and Model S on late Friday.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication