News
Tesla (Enhanced) Autopilot vs. Full Self-Driving: What’s the difference now?
Tesla has announced a 50% price reduction on Autopilot and Full Self-Driving Capability for existing Model S, Model X and Model 3 vehicles.
Interested buyers of Tesla’s semi-autonomous feature package can use a new one-click payment process to add Autopilot to an existing vehicle for $2,000 (originally $4,000 when purchased after vehicle delivery) and Full Self-Driving for $2,000, reduced from the original price of $5,000 when added after delivery. The announcement comes a day after Tesla launched its $35,000 Model 3, and drastically reduced the price of its flagship Model S and Model X vehicles.
Tesla explains in a new blog post, “All customers who bought a Tesla before yesterday’s price decrease will be able to buy the Autopilot or Full Self-Driving capability for half of what those features would normally cost after initial purchase.”
Though the announcement is a seemingly welcomed change, the Autopilot update has created some confusion among Tesla owners, prompting CEO Elon Musk to clarify over Twitter.
If you bought enhanced autopilot, FSD upgrade costs $2k instead of $5k
— Elon Musk (@elonmusk) March 2, 2019
Tesla Autopilot
On February 28, 2019, Tesla updated the details for its Autopilot suite that includes the replacement of “Enhanced Autopilot” with “Autopilot”, along with adjustments to pricing and features.
Taking a closer look at the details between Tesla’s original Enhanced Autopilot and what’s now being called Autopilot, and it’s evident that Tesla shifted some of the original features of Enhanced Autopilot to Full Self-Driving. However, Tesla also added two additional features to the Full Self-Driving Capability that will enable the vehicle to recognize and respond to traffic lights and stop signs, and perform automatic driving on city streets.
Autopilot Cost
The cost of Autopilot depends on several factors depending on the date a Model S, Model X or Model 3 was purchased and also if Autopilot was added at the time of vehicle purchase.
- Autopilot – $2,000 (this is the newly introduced 50% discount) when added to a vehicle that was purchased without Enhanced Autopilot. Vehicle must be purchased before February 28, 2019.
- Autopilot – $3,000 when added at the time of vehicle purchase. Vehicle must be purchased on February 28, 2019, or anytime thereafter.
- Autopilot – $4,000 when added to a vehicle after delivery. Vehicle must be purchased on February 28, 2019, or anytime thereafter.
Autopilot Features*
Auto Lane Change- Autosteer
- Traffic-Aware Cruise Control
AutoparkSummonNavigate on Autopilot
* The strikethroughs represents features that were originally part of Enhanced Autopilot but now moved to Full Self-Driving Capability.
Tesla Full Self-Driving (FSD) Capability, updated February 28, 2019
Autopilot Full Self-Driving Cost
The cost for Tesla’s Full Self-Driving feature also varies depending on the date of vehicle purchase. FSD requires Autopilot.
- FSD – $2,000 (this is the newly introduced 50% discount) when added to any Model S, Model X, or Model 3 that was purchased with Enhanced Autopilot before February 28, 2019. Total cost of EAP ($5,000) + FSD ($2,000) = $7,000.
- FSD – $3,000 when added to any Model S, Model X, or Model 3 that was purchased without Enhanced Autopilot before February 28, 2019. Total cost of AP ($2,000) + FSD ($3,000) = $5,000.
- FSD – $5,000 when added at the time of vehicle purchase on February 28, 2019, or anytime thereafter. Total cost of AP ($3,000) + FSD ($5,000) = $8,000.
- FSD – $7,000 when added to a vehicle that was purchased on February 28, 2019, or anytime thereafter, and already delivered. Total cost of AP ($4,000) + FSD ($7,000) = $11,000.
FSD Features*
- Autopark: both parallel and perpendicular spaces.
- Navigate on Autopilot: automatic driving from highway on-ramp to off-ramp including interchanges and overtaking slower cars.
- (Advanced) Summon: “Your parked car will come find you anywhere in a parking lot. Really.”
- Coming later in 2019: Recognize and respond to traffic lights and stop signs.
- Coming later in 2019: Automatic driving on city streets.
Tesla’s online configurator, March 2019
Tesla explains the recent Autopilot update in its blog post, which we’ve provided below.
Upgrading to Autopilot and Full Self-Driving Capability
All customers who bought a Tesla before yesterday’s price decrease will be able to buy the Autopilot or Full Self-Driving capability for half of what those features would normally cost after initial purchase.
Autopilot, which enables automatic steering, accelerating and braking, normally costs $4,000 after delivery and Full Self-Driving normally costs $7,000 after delivery. Full Self-Driving capability includes Navigate on Autopilot, Advanced Summon, Auto Lane Change, Autopark and, later this year, will recognize and respond to traffic lights.
Any customer who bought a Tesla prior to this week’s price adjustment will be able to upgrade to Autopilot for $2,000 or Full Self-Driving capability for an additional $3,000. In other words, for a customer who previously hadn’t purchased Autopilot plus Full Self-Driving, they will soon be able to do so for $6,000 less than before. Customers who previously purchased Full Self-Driving will receive an invitation to Tesla’s Early Access Program (EAP). EAP members are invited to experience and provide feedback on new features and functionality before they are rolled out to other customers.
Beginning next month, any existing customer who wants to upgrade to Autopilot or Full Self-Driving capability will be able to do so with a one-click payment. There will be no need to call anyone, and it will be as easy as it was to order your car in the first place.
Investor's Corner
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.