Automotive
Tesla recently announced a price cut for its “Full Self Driving” system, slashing the price from $12,000 to $8,000, as per the data available on the corporate’s website. Despite its name, the system still requires drivers to stay vigilant and able to take control, because it has not yet achieved full autonomy and necessitates human supervision.
This reduction in price follows Tesla CEO Elon Musk’s ambitious 2019 promise of a fleet of robotaxis hitting the roads by 2020, a vision that has yet to materialize. As a substitute, the fact stays that human oversight is crucial for the system’s operation.
The timing of this price adjustment is notable, occurring shortly after Tesla’s decision to lower prices on three of its five models in the US. Among the many models affected were the Model Y, Tesla’s popular small SUV, in addition to the older and dearer Models X and S. Nevertheless, the costs for the Model 3 sedan and the Cybertruck remained unchanged.
These adjustments come amidst a difficult period for Tesla, marked by its stock dropping below $150 per share, effectively erasing gains revamped the past yr. With the corporate’s stock price plummeting by roughly 40% to date within the yr, compounded by declining sales and heightened competition, Tesla appears to be resorting to discounted prices as a method to draw more customers to its vehicles.
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This Article First Appeared At www.automotiveaddicts.com
