Connect with us

News

Tesla bull asks Elon Musk for Full Self-Driving value to be added with vehicle trade-in

An autonomous Tesla Model 3 in action. (Credit: Tesla)

Published

on

Tesla will consider adding monetary value to its Full Self-Driving suite when an owner is attempting to trade-in their vehicle. The company is looking into the possibility following a request to Elon Musk from notable Wall Street analyst and Tesla bull Pierre Ferragu.

Ferragu, an analyst from New Street Research, currently owns a Model 3 equipped with Tesla’s Full Self-Driving suite. After purchasing the self-driving capability in November, Ferragu said he is interested in upgrading from a Model 3 to a Model Y. Still, he isn’t pleased about paying the $10,000 price tag for the semi-autonomous driving feature when he recently shelled out the money for the Model 3.

Tesla’s Full Self-Driving suite is what the company may be most known for outside of its highly-advanced electric vehicle tech, which has made it the undeniable leader in the EV sector. However, the Full Self-Driving suite is not included with the purchase of the vehicle like Basic Autopilot is, and to have the FSD capabilities, the owner must pay $10,000 on top of the price of the car.

@elonmusk: I paid FSD for my Model 3 in November. I now want to upgrade to model Y and your team tells me you don’t value FSD in your trade-in offer because you can do the software upgrade for free. Want me to pay again full price for FSD again? That’s not fair, change that!” Ferragu tweeted to Musk.

Advertisement
-

Musk and Tesla are considering adding the transfer or giving some credit toward an FSD-equipped vehicle’s trade-in value. Currently, the issue is that Tesla is not giving any monetary value to the FSD suite when someone wishes to trade in their car toward a new one. This would effectively mean that FSD makes the car no more or less valuable than it would be without the functionality equipped. This is causing a dilemma with some owners who wish to upgrade or change their Tesla vehicle as it would require paying another hefty $10,000 fee.

ALSO READ:

Tesla FSD Beta completes LA to Silicon Valley drive with zero interventions

Musk stated that he would look into the possibility of having FSD add value to a trade-in. The reason Tesla didn’t consider it before, according to Ferragu, is because the company can activate the functionality to any vehicle for free.

Advertisement
-

Other owners would be interested in a one-time transfer to a new vehicle, which would be advantageous for multiple scenarios. One would be if a family has two Teslas, but one is driven more than another. If the new car will be driven more frequently, but the current car has FSD, some owners may want to transfer the self-driving capability to the new vehicle. Another situation that would give owners some more leeway would be if they are trading an FSD-equipped vehicle in for a new Tesla. If their FSD purchase was recent and at the same price point as the current $10,000 tag, the feature could be transferred to the new car. If the owner paid less, Tesla could require the owner to pay the difference.

Tesla has been known to listen to real-world owners and use the feedback to improve their cars. Musk will likely update the development as it is figured out. It will be interesting to see how the company values FSD through trade-ins or if it will take the route of a transfer option for recent buyers of the Full Self-Driving suite.

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

Advertisement
Comments

Investor's Corner

Tesla Optimus Gen 3 shows off a cleaner, factory-ready design in new app discovery

Renders hidden inside Tesla’s Android app show Optimus Gen 3’s design before any official reveal.

Published

on

By

Tesla Optimus Gen 3 [Credit: Tesla]

Tesla may have accidentally given a first look at its newest Optimus Gen 3 humanoid robot when photos were found in the Tesla smartphone app.

Design files tucked inside a recent Android version of the Tesla app appear to show the third generation humanoid robot next to the older Gen 2.5 prototype. The assets were extracted from the app package by Tesla community member @wholemars, who posted the renders on X late Tuesday night before deleting them. The Tesla Newswire reshared the side by side comparison on Wednesday, and the images have circulated widely since.

Tesla Optimus Gen 2.5 vs Gen 3 comparison via @WholeMars on X

Tesla Optimus Gen 2.5 vs Gen 3 comparison via @WholeMars on X

The files are labeled “gen3” and were built as models for Tesla app’s own interface, as validated directly by Grok to be official.

The comparison shows a robot that looks built for a factory line rather than a lab bench. Gen 2.5’s exposed mechanical linkages and gold plating on the knees and shins are gone. In their place, Gen 3 uses matte black fairings on the lower legs, paired with a more contoured champagne gold body. Flexible covers now seal the joint where the torso meets the upper thighs, keeping bearings and moving parts sealed from debris and unnecessary contact.

The body panels fit more tightly, and the hands, which Tesla has said carry 22 degrees of freedom, look far more refined than those on earlier units.

This most recent leak fills a gap Tesla has left open for most of the year. Elon Musk said on March 31 that Optimus 3 was walking around but needed “some finishing touches” before it could be shown, a delay Teslarati covered when Tesla missed its first quarter reveal target. Musk later said Tesla would hold the design back until closer to production, partly to keep competitors from copying it. No reveal date has been announced.

The app itself has been preparing for Optimus for months. In July, code in the Tesla app pointed to a dedicated robot phone key, a consent screen for collecting video and spatial data while Optimus works inside a home, and an alert system for low battery and mechanical faults. Finished 3D models of Gen 3 suggest the interface owners will eventually use is moving past placeholder code toward something Tesla intends to ship.

Advertisement
-

Manufacturing is moving in parallel. Tesla tore out the original Model S and Model X lines at Fremont this summer to make room for Optimus production, with a planned capacity of one million robots a year. At Giga Texas, the steel frame of a dedicated Optimus factory is nearing completion ahead of a targeted 2027 start, with Musk pointing to an eventual output of 10 million units annually.

Continue Reading

News

Tesla Semi lands the biggest electric truck deal in U.S. history

Tesla leads a record 2,500 truck order, but not every truck will be a Semi.

Published

on

By

Tesla has landed the largest electric truck order in U.S. history. ZET SCALE, a new alliance of shippers and carriers, named Tesla its primary manufacturer on Tuesday for an initial order of 2,500 electric Class 8 trucks. The deal alone would nearly double the number of electric heavy trucks operating in the country.

According to the press release from Catalyst Mobility, the nonprofit formerly known as CALSTART, Kenworth, RIDE and Volvo were also selected as secondary manufacturers that carriers can pick if their operations call for it. No split between the four brands has been published, so the exact number of Semis in the order is not yet known.

Advertisement
-

Tesla won the top slot through a competitive request for proposals. The alliance, which Catalyst Mobility runs with the Smart Freight Centre, scored bidders on price, range, charging capability and production capacity. Pooling freight demand from founding shippers, including Microsoft and PepsiCo, let every truck maker bid lower than it would for a single fleet. “The Tesla Semi is designed for lower cost per mile operations than diesel,” said Dan Priestley, director of the Tesla Semi program, as noted in the press release.

The financing is built to pull in carriers who have avoided electric trucks. ZET Financial is issuing the purchase order for all 2,500 units and will place them with fleets through a fair market value lease. The trucks will be deployed over the next few years across 10 freight hubs in Los Angeles, Stockton, Bakersfield, Seattle and Tacoma, Houston, Dallas, San Antonio, Chicago, Atlanta, and the Newark and New York area. ZET SCALE says the first order is only the opening round, with a longer term goal of 10,000 trucks or more.

Even if Tesla ends up with only a majority share, it would still be the biggest Semi deal to date. Einride’s 500 unit order in August was the previous record, and WattEV’s 370 truck order in May was the largest California deal at the time. Einride’s CEO has since said he expects all 500 trucks delivered by the end of 2027.

The announcement lands two days before Tesla formally inaugurates its Semi factory in Nevada on September 24. The 1.7 million square foot plant sits next to Gigafactory Nevada’s 4680 cell lines and is designed for 50,000 trucks a year.

Continue Reading

News

Tesla integrates Grok Bot into its vehicles for the ultimate personal assistant

Published

on

Credit: Grok

Tesla has expanded Grok from an in-car chatbot into a hands-free work assistant. On September 22, Tesla officially launched Grok Bot capability, confirming that drivers can now manage email, calendars, files, chats, and tasks by voice and then hand more ambitious errands to the AI-fueled productivity cheat code.

Grok itself is built by xAI. The new car features split into two layers: Connectors link Grok to outside accounts. Grok Bot, currently limited to SuperGrok Heavy subscribers, can complete multi-step tasks such as placing a usual coffee order, booking a reservation, or scheduling an appointment. It truly puts the driver in a nearly complete hands-free driving and productivity setting, with ironically the only task truly requiring your hands being to touch the “Start Self-Driving” button.

We were granted access to Grok Bot’s Tesla integration a few weeks back, and we’ve been able to do a handful of things with it. On a handful of occasions, we’ve used it to order food and have it ready for pickup slightly later into the evening; we’ve managed to pick up groceries after a day of errands with Grok Bot, and outside of the car, it’s helped with budgeting and even my fantasy football draft.

Advertisement
-

Tesla shows another way to utilize it: in their demo, a driver says “Hey Grok,” asks the assistant to check an inbox, and hears that a message concerns a weekend reservation. Grok then scans the calendar, reports no conflicts, and confirms the Tahoe trip is clear. It can also add check-in details to a road-trip itinerary. The point is not novelty chat. It is keeping eyes on the road, or on Full Self-Driving, while the car handles the paperwork of a trip:

This Grok rollout is not a gadget add-on as much as it is Tesla’s thesis in software form: the car should stop being a machine you operate and start being a room you occupy.

Connectors and Grok Bot treat the cabin as an office that happens to move, and that has truly been Tesla’s intention for years now. The car has slowly become an extension of a home more than a vehicle. Inbox, calendar, groceries, takeout, and reservations become voice work, not dashboard chores that you need to do before you get in your car.

Advertisement
-

Responsibility shifts from the driver to the stack, and as many Tesla owners rely on FSD for travel, Grok Bot now handles the monotony of dinner reservations or appointments.

Continue Reading