Tesla is offering to give away its most valuable software for free on one condition
Tesla is making a surprise offer to give away its most valuable software for completely free but there is one condition.
This comes less than two years after Tesla first rolled out its release of the Cybertruck.
Elon Musk’s EV manufacturing company is making a feature that once cost $12,000 completely free.
If you’re a Tesla owner, you can now get a free transfer of the Full Self-Driving (FSD) software.
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However, the catch is that it can only be switched over to a new Cybertruck.
The transfer can be found on Tesla’s Current Offers page and is a first for the firm, as previously FSD was locked to one vehicle, rather than being transferable by the owner.
The offer had only been available between its popular Model 3, Y, S, and X, cars during promotional periods.
It seems like the move is an attempt to encourage more people to purchase Cybertruck vehicles.
Tesla could be set to face a financial hit after Musk’s explosive fallout with his former pal, President Donald Trump.
New reports suggest that subsidies have played a major role in Tesla’s rise to becoming the world’s largest EV manufacturer in recent years but with Trump and Musk no longer on speaking terms, all that might be about to change.
This is according to a report by Sky News, which explained that money made from state subsidies accounted for at least 38% of Tesla’s profits last year.
It also found that in the first quarter of this year, the firm made ‘$595 million from regulatory credits - almost 50% more than its net earnings of $409m - suggesting that without the subsidy Tesla would be operating in the red’.
Trump has commented publicly about the subsidies, taking to his own social media platform Truth Social to write: “Elon may get more subsidy than any human being in history, by far, and, without subsidies, Elon would probably have to close up shop and head back to South Africa.”
Speaking to Sky News, Gordon Johnson, who is an investment analyst and prominent Tesla skeptic, said: “The changes that Trump is proposing have significant implications - negative implications - for Tesla’s fundamentals.
“If all of these government programmes were taken away, Tesla would go into losing money and burning cash and the stock would implode.”
The fall out between Musk and Trump started after the SpaceX founder left his post as the head of the Department of Government Efficiency (DOGE).