Tesla: $ 199 monthly autonomous driving subscription

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Tesla plans to offer a new subscription version of its Full Self-Driving package with several features for self-driving cars, including navigation on autopilot, automatic parking and other things, according to a report from Electek.

There’s also a fully self-contained computer and traffic light and stop control.

The package is available for $ 199 per month or $ 99 per month if a user had purchased the now discontinued Enhanced Autopilot package which was a cheaper alternative to the usual autonomous driving package.

The email sent by the company specifies that the services “require active supervision of the driver and do not make the vehicle autonomous”.

This comes after the initial rollout of a one-time payment of $ 10,000 for services.

The paid subscription is intended to allow customers to test the features without a huge financial commitment.

Tesla’s intention is to create a true Level 5 autonomous driving system. Last year the company announced its intention to launch the pay-as-you-go model, with CEO Elon Musk saying it will happen in 2020. But it was eventually pushed back to 2021, and Musk announced several more and more later. release date.

Musk has now attached the new subscription option to the Full Self-Driving v9 version – which has also been delayed.

Tesla’s cash and cash equivalents at the end of the quarter fell to $ 17.1 billion in the first quarter of 2021. Part of that came from an outflow of $ 1.2 billion in bitcoin purchases, wrote PYMNTS.

But Tesla also said $ 272 million from sales of digital asset products, according to the financial statements.

In addition, the company’s total revenue grew 74% year-over-year. The increase in profits, according to the company, is due to increased vehicle deliveries, as well as other types of expansions.

“In the first quarter, we achieved our highest ever production and vehicle deliveries. This despite multiple challenges including seasonality, supply chain instability and the transition to the new S and X models, ”Tesla said in its investor presentation, according to PYMNTS.

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