Tesla’s Latest Surprise: FSD Transfer Now a Reality! Here’s What You Need to Know
During a conference call about Q2 2023 financial results, CEO Elon Musk announced that Tesla owners can now transfer ownership of Full Self-Driving (FSD) Beta software. However, this transfer option is only available for customers who trade in their old EVs and order a new one in the third quarter of 2023. The offer is a one-time amnesty until the end of September. Previously, customers who paid $15,000 for FSD had no transfer option, but now Tesla is granting their request.
However, there are some concerns with this approach. Tesla seems to undervalue the FSD Beta feature when accepting trade-ins for used EVs. Many users reported receiving trade-in estimates of under $10,000 for FSD Beta, reducing the final trade-in value and making the upgrade to a new car more expensive. This is in contrast to Musk's previous statements, where he described FSD Beta as an "appreciating asset" with potential value up to $200,000 when fully autonomous.
Furthermore, customers who paid $15,000 for FSD Beta haven't received the fully autonomous experience they were promised, as Tesla's driving assistance systems are still classified as Level 2 on the SAE's Levels of Driving Automation list. Nevertheless, for those who didn't purchase FSD Beta with their new EVs, there is a monthly subscription option available, priced at $199 for cars with Basic Autopilot and $99 for vehicles with Enhanced Autopilot.
In conclusion, Tesla's decision to allow FSD Beta transfer is welcome news for some customers, but the restrictions and valuation concerns have raised issues among the community.
Just a thought, it's interesting to consider how this update might impact sales, given that Tesla has recently revealed its production and delivery figures for the second quarter of 2023. Surpassing expectations, they achieved a remarkable total of 466,140 deliveries worldwide.