Elon Musk hints at future price increase for self-driving ‘robo’ Teslas

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Elon Musk hints at future price increase for self-driving ‘robo’ Teslas
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Robotaxi-ready Teslas would be pricier, Chief Executive Elon Musk says on Twitter.

Tesla Inc. Chief Executive Elon Musk has tweeted about a potential price increase for the company’s vehicles once they are fully autonomous.

— Elon Musk July 8, 2019 Replies to the tweet included people wondering whether they would still be able to buy a Tesla TSLA, -1.16% without the capability of becoming a “robotaxi” and thus cheaper, and those questioning the need for a price increase. 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

Tesla owners would choose to add their vehicles to a future, app-managed fleet, helping to defray car-ownership costs.

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