KEY POINTS
  • Tesla plans a 25% price increase for its premium, driver assistance system marketed in the U.S. as the Full Self-Driving, or FSD, option.
  • FSD currently costs $12,000 with subscriptions at $199 per month. Tesla CEO Elon Musk did not immediately specify whether subscription prices will also increase.
  • The electric vehicle maker is also rolling out a new version of its FSD Beta software, version 10.69, which allows everyday drivers to test new driver assistance system features on public roads before they are fully debugged.

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Tesla founder Elon Musk was practically apologetic on his company's earnings call for hiking prices to meet higher costs.

Tesla CEO Elon Musk on Sunday announced a 25% price increase for the company's premium driver assistance system, which is marketed under the name Full Self-Driving, or FSD. The price will increase to $15,000 from $12,000 on Sept. 5, Musk said in a tweet.

Today, Tesla charges customers $12,000 upfront for FSD, or $199 per month on a subscription basis.

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