Tesla cuts Full Self-Driving subscription prices in US, Canada
FILE PHOTO: A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson/File Photo
(Reuters) -Elon Musk's Tesla said on Friday it has cut prices of its Full Self-Driving (FSD) subscriptions in the United States and Canada, as it seeks to drive adoption amid softening demand and price competition.
The subscriptions will be priced at $99 per month in the U.S. and C$99 ($71.88) in Canada, the electric vehicle maker said in a post on X.
Musk has long touted the FSD technology as a potential cash cow for the company, but has failed to keep his promise of a fully autonomous driving experience, amid stiff regulatory and legal scrutiny of Tesla's safety and marketing.
The software, which Tesla says does not make its vehicles autonomous and requires active driver supervision, had earlier been offered at a subscription of $199 a month.
Last month, Tesla said it will give a one-month trial of the driver-assist technology to existing and new customers in the U.S.
($1 = 1.3772 Canadian dollars)
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Krishna Chandra Eluri)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ex-prince Andrew search warrants quashed after police accept legal error
- Genre-defying Canadian poet Anne Carson wins 2026 Nobel Prize in Literature
- Bank of England's Bailey says government debt commitments needed more than ever
Create E-mail Alert Related Categories
ReutersRelated Entities
TeslaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!





Tweet
Share