Elon Musk said Tesla should not have lowered the price of Autopilot

United States News News

Elon Musk said Tesla should not have lowered the price of Autopilot
United States Latest News,United States Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Elon Musk said on Tuesday that Tesla should not have temporarily lowered the price of Autopilot, its semi-autonomous driver-assistance system.

"In retrospect, lower price shouldn't have been offered. Was done so because some simply couldn't afford it." MuskMusk added that Autopilot prices would"revert to normal on Monday." While he appeared to be referring to post-purchase discounts for existing vehicle owners rather than the pre-purchase price changes Tesla made at the end of February, he did not make explicit which he was describing.

Autopilot's basic features now cost $3,000 before delivery and $4,000 after delivery, though some features that were previously included in the basic Autopilot package, like the ability to park and make lane changes with driver assistance, were shifted into an upgrade package that costs $5,000 before delivery and $7,000 after delivery.

Tesla announced on Sunday that it would raise the prices for all of its vehicles aside from the $35,000 base version of the Model 3 sedan by 3% afterby an average of around 6%. The price increase accompanied a reversal of the automaker's decision to close or repurpose all of its retail stores in an effort to shift sales online and cut costs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk’s lawyers say SEC is overreaching in seeking contempt rulingElon Musk’s lawyers say SEC is overreaching in seeking contempt rulingAttroneys for Elon Musk on Monday accused the Securities and Exchange Commission of “concerning and unprecedented overreach” in their effort to ask a federal judge to hold the Tesla Inc. chief executive in contempt of court.
Read more »

Elon Musk blindsided Tesla staffers with plan to close stores, sources sayElon Musk blindsided Tesla staffers with plan to close stores, sources sayTesla Chief Executive Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most of its physical stores and shift to online-only sales, according to three people familiar with the matter.
Read more »

Elon Musk says Tesla will raise prices and slow down store closuresElon Musk says Tesla will raise prices and slow down store closuresElon Musk announced Sunday night that Tesla will raise vehicle prices by about 3 percent, and keep more stores open than previously planned.
Read more »

Top Tesla Shareholder Says Elon Musk ‘Doesn’t Need to Be CEO’Top Tesla Shareholder Says Elon Musk ‘Doesn’t Need to Be CEO’Baillie Gifford, Tesla’s largest outside shareholder, is open to a different role for the company’s founder and CEO.
Read more »

Tesla's Elon Musk could be suspended as CEO in latest SEC scuffle, securities lawyers sayTesla's Elon Musk could be suspended as CEO in latest SEC scuffle, securities lawyers saySecurities lawyers, some of whom worked at the SEC, said Elon Musk's tweets about Tesla production look like a clear violation of his agreement with the agency, and that he could face a suspension or further consequences.
Read more »

Elon Musk's lawyers shoot down SEC filing against Tesla CEOElon Musk's lawyers shoot down SEC filing against Tesla CEOTesla CEO Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker's production volume did not violate the court's judgment.
Read more »



Render Time: 2025-02-25 03:33:48