For a feature that still does not exist.
As Tesla continues to build new factories in Shanghai, Berlin and a yet to be announced city and state here in the US, we should not forget it still has a lineup of vehicles that continue to receive updates. One of which is set to receive a price increase this summer.
Elon Musk just announced on Twitter new Tesla buyers will be asked to pay $1,000 more for the full self-driving option starting this July 1. We previously knew this was likely to happen but only today has the price been set. The full self-driving system already costs $7,000, so do the simple math for the new price tag. It's not exactly cheap but, then again, it never was. However, Musk did not state whether or not the price increase will come with any system upgrades.
Musk did post another related tweet stating that "The FSD price will continue to rise as the software gets closer to full self-driving capability with regulatory approval." Eventually, "the value of FSD is probably somewhere in excess of $100,000."
Now, it's important to remember that Tesla's "full self-driving" mode is not what it sounds like. It does not mean full autonomous driving. Far from it in fact. Level 5 autonomous driving, where the vehicle is in complete control with zero driver input, is still several years away.
Tesla's full self-driving mode works together with Autopilot and offers owners a range of convenience features, such as automatic lane changes, Navigate on Autopilot, automatic traffic light and stop sign control, and parallel parking assist. A future FSD update will reportedly include a feature where the vehicle can automatically steer itself on city streets.
Whether someone is in the market for a new Tesla Model 3, Model Y, or Model S, the FSD price increase will be the same for all. And chances are Tesla customers will be more than willing to accept the price increase without much of a fuss.