Latest News

Tesla Mobile App Update Includes $199 Monthly Self-Driving Subscription



Tesla plans on offering a new subscription version of its Full Self-Driving package with several features for self-driving cars including navigating on autopilot, autopark and other things, a report from Electrek says.

There’s also a full self-driving computer and traffic light and stop control.

The package is available for $199 per month or $99 per month if a user had bought the now-discontinued Enhanced Autopilot package, which was a cheaper alternative to the regular self-driving package.

The email sent by the company specifies that the services “require active driver supervision and do not make the vehicle autonomous.”

This comes after the initial rollout of a $10,000 one-time payment for the services.

The pay-as-you-go subscription is intended to allow customers to test out the features without a huge financial commitment.

Tesla’s intention is to make a true level 5 self-driving system. Last year, the company announced its intent to debut the pay-as-you-go subscription model, with CEO Elon Musk saying it would happen in 2020. But it ended up being pushed back to 2021, and Musk has announced several increasingly-later release dates.

Musk has now attached the new subscription option to the Full Self-Driving v9 release — which has also been delayed.

Tesla’s quarter-end cash and cash equivalents fell to $17.1 billion in 2021’s Q1. That partially came from a $1.2 billion outflow in bitcoin purchases, PYMNTS wrote.

But Tesla also reported $272 million from sales in digital assets proceeds, financial statements said.

In addition the company’s total revenue increased 74 percent year-over-year. The rise in profits, according to the company, came from a boost in vehicle deliveries, along with other types of expansions.

“In Q1, we achieved our highest-ever vehicle production and deliveries. This was in spite of multiple challenges, including seasonality, supply chain instability and the transition to the new Model S and Model X,” Tesla said in its investor presentation, according to PYMNTS.




What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News