No More Free FSD For Tesla Owners Looking To Buy New Model Y, 3 — But Here's What They Get Instead

EV giant Tesla Inc TSLA has altered its “loyalty benefits” to remove free full self-driving capability for customers looking to buy a new Model Y or 3 vehicle.

What Happened: Tesla offers loyalty benefits to current Tesla owners on purchasing a new product. Previously, existing Tesla owners in North America were eligible for three months of FSD capability on buying either a new Model 3 or Model Y. However, going forward, this will not be the case.

Instead, users will get 10,000 credits as per the updated terms of the loyalty program together with 6 months of free supercharging.

Why It Matters: Tesla’s FSD is currently priced at a whopping $12,000. Previously, Tesla users had flagged the high cost and said that they were being tied to their current car solely due to FSD price.

Musk during the company’s second-quarter earnings call addressed the concerns and offered customers a one-off amnesty to transfer FSD to their new vehicles. That one-time offer, however, ended in September.

Meanwhile, first-term Tesla owners will continue to get three months of free FSD capability on purchasing these vehicles, allowing them to experience the features posed as the future for self-driving cars.

Check out more of Benzinga's Future Of Mobility coverage by following this link.

Read Next: EV Dreams Getting Costlier? Tesla Hikes Model Y Long-Range Prices In China For Third Time This Month

Market News and Data brought to you by Benzinga APIs
Posted In: NewsTop StoriesTechelectric vehiclesElon MuskEVsFSDFull Self-DrivingmobilityStories That Matter
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...