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

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Tesla has cut the price of its “Full Self Driving” system by about a third, dropping it from $12,000 to $8,000. However, it’s important to note that this system doesn’t actually drive the car itself – drivers still need to stay alert and be ready to take control if needed.

Back in 2019, Tesla CEO Elon Musk promised that there would be a fleet of self-driving taxis on the roads by 2020. However, that promise hasn’t come true yet, and the system still requires human supervision.

The price cuts were announced on Saturday, following Tesla’s decision to lower the prices of three of its five models in the United States the day before. This move reflects some of the challenges Tesla is currently facing.

Among the models that saw price reductions are the Model Y, which is a popular small SUV and the top-selling electric vehicle in the U.S., as well as the older and more expensive Models X and S. However, the prices for the Model 3 sedan and the Cybertruck remained the same.

Tesla’s stock price dropped below $150 per share recently, wiping out all the gains it had made over the past year. This decline in stock value reflects a decrease in sales and increased competition for the company. Lowering prices could be a strategy to attract more customers amid these challenges.

In essence, Tesla is trying to make its vehicles more appealing to potential buyers by offering them at discounted prices. Despite the setbacks, Tesla continues to innovate in the electric vehicle market and remains a significant player in the industry.

Tesla, known for its innovative electric vehicles, has made some changes to its pricing strategy. The company has reduced the price of its “Full Self Driving” system by approximately 33%, dropping it from $12,000 to $8,000. This system, despite its name, still requires drivers to remain alert and ready to intervene if necessary.

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