Tesla Announces Ability to Transfer FSD; Must Take Delivery in Q3 [Full List of Requirements]

Tesla will allow owners a one-time transfer of FSD to another Tesla, but only third Q3

MKBHD/Twitter

In a landmark second-quarter earnings call, Tesla reported revenue of $24.9 billion and a net income of $2.7 billion, considerably surpassing Wall Street estimates. But catching many by surprise was the company allowing a one-time opportunity for customers to transfer their Full Self-Driving (FSD) package during the next three months.

This topic has dogged Tesla and Elon Musk for years, and rightfully so. The price of FSD has skyrocketed. Therefore any early adopters of the technology that got it for the bargain basement price of $5,000 would have to pay triple that fee if they wanted to update their Tesla. In May, the company posted on Twitter asking for improvement ideas. The ability to transfer FSD was high on the list.

Once again during the earnings call, a question about FSD transferability arose. Musk revealed that, in response to customer demand, Tesla would permit the one-time transfer of FSD for the duration of Q3. This opportunity would allow existing Tesla owners to upgrade to a new Tesla model without repurchasing the costly FSD package, which sells for $15,000 in the US.

Tesla Hints at Potential FSD Licensing Partnership

In the same earnings call, Musk indicated another groundbreaking initiative on the horizon. He revealed early talks of licensing Tesla's FSD technology to another major automaker, without disclosing specifics.

This prospective collaboration underscores Tesla's unique standing in the autonomous vehicle market. Musk emphasized the crucial role of Tesla's extensive road data, gathered through its Autopilot and Dojo projects, in its success. This invaluable pool of data, unmatched by any competitor, underpins Tesla's rapid progress in AI development and its leading position in the industry.

Listen to Tesla's Earnings Call

You can listen to a replay of Tesla's earnings call below.

FSD Transfers and Future Expectations

The decision to allow FSD transfers during Q3 is anticipated to drive a spike in Tesla sales. Owners have traditionally been reluctant to upgrade their Tesla vehicles, as the high cost of the FSD package — coupled with its non-transferability — made such upgrades financially unattractive. This unprecedented concession, combined with Tesla’s existing FSD monthly subscription service in the U.S., is expected to enhance Tesla's market appeal and profitability in Q3 significantly.

Tesla used the Q2 earnings call platform to share another impressive milestone: vehicles equipped with FSD beta have driven more than 300 million miles. The significance of this achievement extends beyond its impressive scale. It represents a wealth of data collected for training Tesla's autonomous systems, further improving the safety and performance of FSD.

Requirements for FSD Transfer

Tesla has now posted the requirements for the transfer of FSD to another vehicle, according to Twitter user, @Kdahlenburg

The requirements are below:

We are pleased to inform you that as a loyal Tesla owner with Full Self Driving capability, you may be eligible to participate in our current transfer program. We appreciate your continued support and dedication to sustainable transportation.

Program: Receive Full Self Driving capability on any new Tesla vehicle delivered between July 20, 2023 and September 30, 2023 when you forfeit the Full Self Driving capability on your current Tesla vehicle. Subject to the below terms and conditions. Tesla does not guarantee delivery within the program's end date.

Terms and Conditions:

In order to be eligible for this program, you must:

1. Be the legal and registered owner of Tesla vehicle that currently has Full Self Driving capability included at the time of delivery of the new Tesla vehicle. The vehicle cannot be the subject of a pending cancellation or buyback request. For EMEA only: Those on an Operational Lease with third-party Lease and Fleet Management companies are ineligible, unless they first purchase the vehicle from the leasing company.

2. Take delivery of your new titled Tesla vehicle between July 20, 2023 and September 30, 2023.

3. Accept the forfeiture of the Full Self Driving capability on your current Tesla vehicle.

Alternatively, you can choose to trade-in your current Tesla vehicle altogether directly with Tesla when you purchase your new Tesla vehicle. Tesla will remove Full Self Driving capability from your current Tesla vehicle up to one week before your scheduled delivery day for your new Tesla. During this process, your current vehicle will automatically reboot for a few minutes after put in park.

4. The Full Self Driving capability can only be transferred once and so cannot be transferred to another vehicle or to another person even if the vehicle is privately sold. This offer cannot be combined with any other promotion, and is not redeemable for cash.

5. Tesla reserves the right to change, modify, or terminate this offer at any time without prior notice.

6. The forfeiture of Full Self Driving capability on your current vehicle is non-reversible after you take delivery of the new Tesla vehicle, or we remove Full Self Driving capability from your current vehicle, whichever occurs first. This remains non-reversible even in the event that you cancel or reverse your purchase after you have taken delivery.

7. Used vehicles and vehicles for commercial purposes are not eligible for this program.

8. Tesla may remove the Full Self Driving capability from your new vehicle if it determines in good faith that you have breached any of these terms or made any misrepresentations about Full Self Driving on your current vehicle.

9. This offer cannot be applied retroactively after the new Tesla vehicle is delivered.

Please read the terms and conditions above carefully. By signing this binding acceptance letter, you acknowledge that you understand and agree to the terms and conditions outlined above.

To accept this offer, please complete the information below, sign, and return this letter to your Tesla Sales Advisor before delivery of your new Tesla vehicle. Vehicle Identification Number (VIN) of the Tesla vehicle with forfeited Full Self Driving capability: ...

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Tesla Vehicles are the Cheapest to Maintain and Repair According to Consumer Reports Study

Consumer Reports

Tesla cars are the cheapest to maintain and repair according to a new study by Consumer Reports. Elon Musk commented on the survey on X emphasising that Tesla is “the lowest car to maintain”.

The study, which includes data from thousands of car owners in the US, was recently published and shows that Teslas averaged only $580 in maintenance and repair costs over the first five years of ownership. From years six through ten, the costs increased to $3,455, which brings the total to $4,035 for the first ten years of ownership — the lowest of any vehicle tested. It’s worth noting that the average length of car ownership in the U.S. is about 8 years. 

Buick and Toyota fall right below Tesla (both at $4,900) with Lincoln and Ford closing the top 5 with $5,040 and $5,400 respectively for maintenance and repair costs in a 10-year ownership.

German premium automakers BMW, Audi and Mercedes-Benz are among the 5 most expensive on the list with 10-year costs reaching $9,500, $9,890 and $10,525, respectively. The trio is only surpassed by the luxury German automaker Porsche with an average cost of $14,090 and Land Rover closes the list at $19,250. 

Car Maintenance

Vehicles with internal combustion engines (ICE) require additional maintenance, not only oil changes, but drive belts, transmission oil changes, coolant flushes, and more. Not only that, but ICE cars have more moving parts that decrease the reliability of the vehicle and can cause additional repairs such as transmission issues, clogged fuel filters or injectors, faulty spark plugs and the list goes on and on.

Since electric vehicles use regenerative braking to slow the vehicle down, brake pads also last much longer, sometimes lasting over 100k miles. This reduces wear on the brake pads, and rotors and even reduces brake dust on your wheels.

“EVs are cheaper to maintain, look after, and certainly to service,” says Matt Cleevely, from Cleevely Motors to Wired magazine adding that EVs “have half as many moving parts and require no regular oil changes”.

In Tesla’s case, the automaker suggests Model 3 owners replace the cabin air filter and HEPA filter every three years, check brake fluid every two years, and clean and lubricate the brake calipers every year or 12,500 miles, in areas where the roads are salted during the winter.

Gas Savings

These maintenance savings are only a small part of the reason why electric vehicles are cheaper to use for daily driving. Another large portion of savings comes from fuel costs. Tesla often promotes their vehicles’ gas savings on their website. For example, the Model Y has an estimated gas savings of $6,000 in the U.S. over the first five years of ownership alone. The savings may be even greater in other parts of the world where gas may be more expensive. After taking those savings into account, the world’s best-selling vehicle in 2023 starts at $29,490 after gas savings and the U.S. federal tax credit — and that’s before you include maintenance cost and time savings.

Cheapest cars to maintenance and repair through 10-years of ownership

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Tesla is Creating a Voice Assistant to Replace Voice Commands [Example of Voice]

It looks like Tesla may soon be replacing its archaic voice commands with something much more useful — a voice assistant.

Greentheonly, who often takes deep dives into Tesla software by decompiling the firmware and looking for changes, has now found the early integration of a voice assistant.

Voice Assistant Already Available in China

Tesla has already replaced its voice commands in China with a voice assistant that can not only control certain aspects of the vehicle using more natural language but can also answer common knowledge questions such as the current weather, stock quotes and more (video below).

Available On Intel?

Tesla’s voice assistant in China is available on vehicles with Intel (MCU 2) and AMD processors (MCU 3). If Tesla is utilizing some of the core technology in its upcoming voice assistant in other regions, it will likely also be available to Intel-based infotainment units.

Tesla Creating Own Assistant

According to Green's findings, it looks like Tesla may be rolling its own solution instead of integrating something like Amazon Alexa like Rivian has. Tesla created their own solution in China by using some of their own technology and several existing software solutions. However, some of them are only available in China so they don’t scale to support additional regions.

Grōk

The first thought that comes to mind is Tesla leaning on AI efforts by Grōk and xAI, which could help it support common knowledge questions and search the web for answers. However, that only gets Tesla partly there, as Alexa and Google Assistant already support a large ecosystem, one that may not be available if Tesla creates their own voice assistant. With Tesla’s solution, a driver may be limited to what devices they can control through the voice assistant, at least initially. Either way, just a more natural way to activate certain vehicle solutions will be an improvement over what’s available today. The ability to ask the assistant common questions will be the icing on top.

Wake Word

According to Green, the source code hinted at the voice assistant using a wake word, which would replace the need to press the scroll wheel on the steering wheel. Tesla has begun to use the left scroll wheel button for additional things lately such as wiper controls and a multi-function mode, so this may fit in with their plan.

It’s fun to speculate what the wake word would be or whether Tesla would add the ability to create your own. It could be something as simple as ‘Hey, Tesla’, ‘Grok’, or something more humorous as Tesla has a knack for. Unfortunately, there weren't any hints on what the actual wake word would be, but being able to set a destination, play a specific song or ask the assistant for the weather will be a much-needed improvement.

Supported Models

It's not clear which models Tesla would support a voice assistant, but with the release of software v12 with update 2024.14.3, Tesla is starting to leave more features out of older Intel-based vehicles. While a voice assistant may not necessarily be computationally heavy, it may depend on Tesla's implementation and whether voice commands are transcribed on device or carried over the internet for transcription.

Voice Model

In the software, there are references to Microsoft's text-to-speech technology and specifically to a voice named “Jenny Neutral.”

The “Jenny Neutral” voice seems like an acceptable voice, bringing a natural-sounding voice to Tesla's voice assistant, although it doesn't differ much from what you find on other assistants. You can view an example of Microsoft’s “Jenny Neutral” voice in the video below.

Tesla has been more mindful lately about adding information for unreleased features to its software to help prevent leaks, so by the time something like this is found by Green, it usually doesn't take long before it becomes available, although this could also make for an exciting Christmas present.

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