Tesla CEO Elon Musk told Twitter followers that the price of Teslas are going to rise a bunch in the future.
Tesla CEO Elon Musk revealed on Twitter on Sunday night that in the near future the price of the company’s vehicles are going to go up — significantly.
Musk believes that the company’s vehicles going forward are going to be appreciating assets. The company is adding all of its autonomous vehicle technology into all of its vehicles. Vehicles leased by Tesla can no longer be purchased at the end because they will become part of what Musk believes will be a massive fleet of robotaxis.
The revelation came after one Twitter follower asked if there was still time to buy a “cheap” Tesla. Musk’s short answer was yes, but it’s not entirely that simple it was determined during the ensuing thread.
“To be clear, consumers will still be able to buy a Tesla, but the clearing price will rise significantly, as a fully autonomous car that can function as a robotaxi is several times more valuable than a non-autonomous car,” Musk tweeted.
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So the suggestion is that the prices of Tesla products are going to jump big time once its Autopilot technology is given the all clear. While the convenience of getting into your vehicle and allowing it to drive you somewhere should result in an increase in prices, it’s the ability to allow it work driverlessly that means big money, according to TheDrive.com.
The car becomes a bigger asset when owners can essentially put it work as a robotaxi, like a driverless Uber or Lyft vehicle. The ability to earn money instead of sitting in the driveway depreciating should be worth big cash, Musk supposes.