Tesla Gives Self-Driving Feature a Price

Posted by at 10:41 am on October 21, 2016

TeslaTesla Motors Inc. set its retail price for the option that would allow a car to drive fully autonomously at $8,000, and hinted that those who paid it would be able to offset the cost through a ride-hailing network that would compete with Uber Technologies Inc. and Lyft Inc.

The price and mention of the ride-hailing Tesla Network appeared on the company’s website on Wednesday shortly after an announcement that, effective immediately, all new Tesla TSLA, +0.01% vehicles will include the hardware necessary to drive themselves. The $8,000 price covers the software to enable that hardware, an option called Full Self-Driving Capability, which will cost $10,000 if purchased separately from the vehicle.

The autonomous-driving software needs to be validated, and regulators must approve it.

 

 

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