Your Tesla Can Now Have Full Self-Driving for $199 a Month

Elon Musk's company launched a subscription scheme for owners of Tesla electric vehicles to have full self-driving for a monthly fee.
Your Tesla Can Now Have Full Self-Driving for $199 a Month
Image credit:

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Entrepreneur Staff
2 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Until now, the full self-driving (FSD) feature in Tesla electric vehicles could only be purchased for an extra $10,000 at the time of car purchase, but this will soon be a thing of the past. Elon Musk's company launched a subscription plan to offer this service to all Tesla drivers for $199 per month.

Related: Elon Musk Asks This Strange Question to the Candidates he Interviews to Work at Tesla or SpaceX

FSD capability allows the vehicle to be completely self-driving without passenger intervention. Features include lane changing on freeways and parking assistance.

However, Tesla has always stressed that self-driving software "does not make its vehicles autonomous." Even with this function, "they require full attention from the driver, who must have his hands on the wheel." This point is especially emphasized after several road accidents were reported due to the use of this feature.

"[Full self-driving] capability subscriptions are currently available to eligible vehicles in the United States. Check your Tesla app for updates on availability in other regions," Tesla wrote on its website.

Related: Elon Musk 'Hates' Being a Director of Tesla, Prefers to Design

Only Tesla vehicles equipped with an FSD computer 3.0 or higher can access the subscription for the software. Those without the equipment can upgrade their car hardware for $1,500.

This scheme will allow Tesla to generate extra income in the long term, since for many buyers it will be easier to pay $199 per month indefinitely, than $10,000 at the time of purchase.

Zachary Kirkhorn, Tesla's chief financial officer (CFO), said in April that subscriptions would generate recurring income for the company, although "there could be a period of time in which cash reduces in the near term."

Related: The New Tesla Cybertruck Will be Able to Move Like a Crab

More from Entrepreneur
Entrepreneur Select: A Fund For Entrepreneurs, By Entrepreneurs

Entrepreneurs require more than just money, which is why we aim to empower you, as well as act as a catalyst for value creation.

Discover the franchise that’s right for you by answering some quick questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Discover a better way to hire freelancers. From business to marketing, sales, finance, design, technology, and more, we have the freelancers you need to tackle your most important work and projects, on-demand.

Latest on Entrepreneur