CEO Elon Musk officially confirmed Tesla's plans to release its Full Self-Driving software package — via monthly subscription — potentially in "early 2021," according to a tweeted reply from Musk.
However, the hefty $10,000 price tag might dissuade early buyers.
Tesla offering Full Self-Driving via monthly subscription early 2021
Earlier in 2020, signs suggested Tesla was developing a "pay-as-you-go" subscription for its forthcoming Full Self-Driving (FSD) package.
Later in 2020, Elon Musk said Tesla planned to release the FSD package "toward the end of the year," Electrek reports.
While it at first seemed like Tesla intended to stick with its original timeline — with updates to its in-app updates' background to feature a subscription model — Musk on Sunday confirmed the automaker's subscription model was delayed until "early 2021."
Absolutely. We will release FSD subscription early next year.— Elon Musk (@elonmusk) December 20, 2020
Buying Full Self-Driving subscription package is best deal, says Musk
"Absolutely. We will release FSD subscription early next year," Musk tweeted. When Electrek confirmed Musk's plans for Tesla to offer a monthly subscription to access FSD features, Musk emphasized the full FSD package would be the best deal.
"I should say, it will still make sense to buy FSD as an option as in our view, buying FSD is an investment in the future. And we are confident that it is an investment that will pay off to the consumer — to the benefit of the consumer," said Musk, to Electrek. "In my opinion, buying FSD option is something people will not regret doing."
Elon Musk, Tesla's incredible year coming to close
Monthly subscriptions might, however, be more feasible for those leasing their Tesla, in addition to those who aren't interested in paying the full asking price for Full Self-Driving, which recently jumped to the hefty price of $10,000.
This forthcoming subscription package comes on the heels of Tesla's beta version of the self-driving system, which went forward with a limited group of U.S. customers.
In addition to the monthly model of subscription, Musk also said he might let Tesla buyers transfer their FSD package ownership to alternate cars if they upgraded to a later model — an option many Tesla owners have requested. But this isn't for certain yet.
Since the beta version of Tesla's Full Self-Driving package began earlier this year, Elon Musk's companies and portfolio have had an incredibly productive year. His other company SpaceX launched the first high-altitude flight of the next-gen spacecraft Starship — which exploded on landing. This came on the heels of the first crewed space mission launched from U.S. soil in nearly ten years. Even Musk's wealth has surged so high he's now the second-richest person in the world. Whatever happens with Tesla's FSD, 2021 will doubtless be an action-packed year for the billionaire, and his assets.