Tesla officially raises price of FSD by as much as 50%

Tesla increases the price of FSD

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Tesla has officially raised the price of its FSD package to $15,000 in the U.S. Elon Musk announced on August 21st that the price of FSD would be increasing on September 5th, after the release of FSD Beta 10.69.2.

Although Tesla has yet to release FSD Beta 10.69.2, the current beta, 10.69.1.1 has started going out to additional testers.

The FSD package increased by $3,000 in the U.S., a 25% increase, while in Canada it has also increased, but by a much larger percentage. FSD in Canada now costs $19,500 CAD, up a whopping 50%.

This is the second price increase of FSD this year. In January Tesla also raised the price of FSD to $12,000, up from $10,000 (historical prices of FSD). FSD has seen significant increases in the last few years. In April 2019 FSD cost only $5,000, but it saw several price increases that year.

Tesla introduced FSD Beta in Canada in March of this year with FSD Beta 10.11.1.

We can expect similar price increases in other regions as Tesla rolls out FSD Beta to Europe later this year.

The price of Enhanced Autopilot, which Tesla recently reintroduced in the U.S. stayed the same at $6,000, however, in Canada it also saw a price hike. EAP now costs $7,800 in Canada.

Not surprising, many Tesla owners are unpleased with the price increase, considering that city-level Autopilot is still not widely available and requires being accepted into Tesla's beta program.

Without being enrolled in the FSD Beta program, FSD only grants access to Traffic lights and Stop Sign Control in addition to the capabilities of Basic Autopilot, and Enhanced Autopilot. All new Teslas include Basic Autopilot, which includes Traffic-Aware Cruise Control (TACC) and lane keeping. Enhanced Autopilot, a $6,000 option, adds several key features such as Navigate on Autopilot, Auto Lane Change, Autopark, Summon, and Smart Summon.

Beta 10.69.1.1 has been going out to more testers and is currently on about 7% of all tester vehicles., with another few percent having a pending install. Elon projects FSD Beta 10.69.2 to release by the end of this week. FSD Beta is still expected to become widely available to everyone that has purchased or subscribed to FSD before the end of the year.

Tesla Announces Significant Price Increases Across Vehicles in Canada

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Tesla has announced steep price increases for its vehicles in Canada, with adjustments of up to CA$9,000 set to take effect on February 1, 2025. This move impacts nearly all models, with the Model 3 Performance trim seeing the steepest hike, rising from $70,990 to $79,990 Canadian. The Model Y, Model S, and Model X will each see a flat increase of CA$4,000 across all trims. Notably, the Cybertruck remains unaffected by these changes.

These price hikes coincide with the expiration of Canada’s federal EV incentive program, which previously offered CA$5,000 rebates on eligible vehicles, further increasing the price of Tesla vehicles.

Additionally, the Canadian dollar’s recent decline against the US dollar and looming trade tensions between the U.S. and Canada may have influenced Tesla’s decision. President Trump proposed a 25% tariff on Canadian goods, and Tesla may be expecting Canada to retaliate with a similar tariff on US goods. However, it’s interesting that Tesla has chosen to raise prices so drastically before any tariffs have been announced.

Price Increases

Buyers

This could be a critical time to act for prospective buyers, with the price increase going into effect in just about a week. Tesla’s online configurator allows customers to lock in current prices by placing an order before February 1st. The company’s referral program also offers CA$1,300 off Model Y, Model S, and Model X purchases, providing additional savings before the price hike takes effect.

Expect these adjustments to impact Tesla sales in Canada, although they’re likely to affect other manufacturers as well. We may see a potential surge in orders ahead of the February 1 deadline, especially for the AWD and Performance variants of the new Model 3.

It’s not clear whether the price increase will impact the new Model Y, which was announced last night for North America and Europe. Deliveries for the new model begin in March.

If you’re on the fence about whether you should order a new Tesla, now may be a good time to place your order. Tesla offers the ability to cancel your order, but buyers would lose their deposit.

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Tesla Unveils New Model Y in North America and Europe: Key Differences From Asia-Pacific Version

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Tesla has officially launched the refreshed Model Y in North America and Europe, just 13 days after the launch for the Asia-Pacific Markets.

Just like the other markets, Tesla will be starting with the Launch Edition, which will include FSD and Acceleration Boost. It will also include other smaller details such as Launch Edition badging, puddle lights, special wordmark logos on the door sill plates, and wireless charging pads, as well as an exclusive textile trim and black vegan suede interior.

The new Model Y is available for pre-order immediately but will only begin shipping in March, which is surprisingly sooner than the market where it was initially unveiled. Due to the new model, Tesla has also begun to offer some compelling inventory discounts for the now, last-gen Model Y.

Pricing

Pricing for the new Model Y includes the Launch Edition package - similar to the Foundation Series Cybertruck pricing - a premium launch bundle that will give you a fair amount of additional features and get you earlier access to the new Model Y.

What’s unique with this launch is that color and wheel selection are included in the price - so you can choose from Stealth Grey, Pearl White Multicoat, Ultra Red, and Quicksilver for the colors without any additional fees. You can also pick from the 19” Crossflow wheels or the 20” Helix 2.0 wheels.

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Tesla did not announce the price for the non-Launch Edition versions of the vehicle. This includes the RWD, Long Range AWD, and Performance variants. We’ll likely see these launch in the coming months but expect Tesla to continue to sell the Launch Edition as long as there’s demand. Given that the Model Y is the world’s best-selling vehicle, it could be a while before we see a non-bundle version.

Tesla’s site currently only lists the new Model Y with its Long-Range All-Wheel Drive variant. The Long-Range Rear-Wheel Drive variant is currently unavailable in North America and Europe, but the specs are listed on the “Compare Models” page.

*Canadian Prices include the recent price increase.

**EU prices may vary by ordering nation.

The new Model Y comes in well above the price for the Performance variant of the previous Model Y. However, remember that this includes the $2,000 Acceleration Boost package, the $8,000 FSD package, and all of the other smaller add-ons. If you were already planning to buy the FSD and Acceleration Boost packages, it ends up being a decent deal, but the biggest attraction is the ability to get your Model Y much sooner.

Y pic.twitter.com/Dnr4IxVujb

— Tesla (@Tesla) January 24, 2025

What’s New

We dived into what’s new on the New Model Y here, and also looked at all the little updates here, but here’s a summary of all the changes.

• The first-row seats are now ventilated as well as heated.

• The second-row seats are now powered for two-way folding

• 8” touchscreen for the second row

• New suspension

• New noise reduction hardware, including acoustic glass on all windows

• Front bumper camera with washer

• Frunk is not powered, but includes a drain hole

• Three 65W USB-C ports for charging larger devices like laptops

• Fog lights have been removed

• The car is 1.6” longer

• 2 additional speakers over the previous LR AWD, for a total of 15 speakers + 1 subwoofer.

• New connectivity hardware, likely featuring 5G and Bluetooth LE support.

• Wrap-around ambient interior lighting

• Aluminum and textile detailing (Launch Edition)

• Metallic infrared reflective coating on all glass for better heat reflection

• Power-actuated second-row vents

• One stalk for signaling. Shifting is now on the main screen.

The front-end view.

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Asia-Pacific Differences

RWD Variant: There are three key differences for the North American and European launches, versus the Asia-Pacific launch. First off, the Long Range Rear-Wheel Drive variant isn’t available for ordering at this time. That’s a pretty big hit - because it was the far more affordable version of the refreshed Model Y. With the new pricing forcing buyers to buy FSD and Acceleration Boost, making it more expensive than the Performance model, it could lead some buyers to hold off until the Launch Edition is over.

Glacial Blue: Second, the new color - glacial blue - isn’t making its way to North America or Europe at this time. In fact, the color palette for the Model Y appears to be limited to Stealth Grey, Pearl White Multicoat, Ultra Red, and Quicksilver. 

Tow Hitch: Third - and honestly the most exciting - a class II tow hitch, capable of towing the same 3,500 lbs of weight, is available in North America and Europe, and it is included as part of the features for the Launch Edition.

With deliveries slated for March, we’re excited to see the first few arrive in North America and Europe arrive in the next 5-10 weeks. We’re sure the refreshed Model Y will be making its way to Tesla showrooms, as well as Auto Shows in both markets sometime soon - so stay tuned.

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