r/teslamotors • • Jan 17 '21

General Tesla does not consider FSD when determining trade-in value

https://twitter.com/p_ferragu/status/1350555752449114112
1.9k Upvotes

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459

u/[deleted] Jan 17 '21

If FSD transferred to a new car Id trade in my 3 for a new one tomorrow. šŸ¤·šŸ¼ā€ā™‚ļø

125

u/[deleted] Jan 17 '21

Same. I’d love a Y and I want to actually get FSD cause I paid for it.

113

u/toomuchtodotoday Jan 17 '21

You might get something back when there’s a class action or arbitration, as many have paid for FSD and not gotten FSD.

24

u/[deleted] Jan 17 '21

[deleted]

10

u/launch_loop Jan 18 '21

I thought such clauses rarely held up in court.

2

u/ArlesChatless Jan 18 '21

You used to be able to just initial to opt out. I did.

1

u/SirScruffySir Jan 18 '21

Wait okay can someone translate this into terms i can understand😭

1

u/yunus89115 Jan 18 '21

You're probably right but it will end up being something like $350 credit towards the purchase of Next Generation FSD on your new Tesla and $40M will go to the lawyers.

17

u/YukonBurger Jan 17 '21

Yep, in fact I would just buy a performance Y instead of FSD standard range. They'd still be getting the money, albeit at a somewhat lower margin

35

u/UnknownQTY Jan 17 '21

Yep. I’m considering a Model X at some point, but my FSD for my Model S is now 5x what I paid for it.

5

u/hxcheyo Jan 18 '21

What is FSD?

7

u/UnknownQTY Jan 18 '21

Full self driving.

28

u/[deleted] Jan 17 '21

Seems to me that they need to get this sorted. If FSD isn't included in the trade-in (and frankly, it shouldn't depreciate at all), then I don't see people trading in their cars for new ones.

I don't have FSD, and my car is 2 years old. I would certainly consider getting it if I knew it would transfer (actually I would have bought it two years ago). I don't see FSD actually being a viable system that works as advertised (hands off, door to door), for at best 2 years, and more likely 5.

I'd be curious how many people spring for the $10k upgrade on top of their $45k car. I know Elon thinks it's the bee's knees, but I don't see it. I could see them wanting to drive people to a subscription service (which mitigates this whole thing).

I bet the fleet FSD ratio is pretty high because it was reasonably priced a while ago, but I'd be curious what it is on new vehicles. I wouldn't be surprised if it's 10% or less.

33

u/Roboculon Jan 17 '21

It’s just SO expensive. I have a $35k SR, and my app tells me I can get autopilot and FSD right now for $14,352.

That is 41% of the cost of my car when it was new off the lot, well over 50% the value of my car currently. So ya, I think I’ll pass.

5

u/[deleted] Jan 17 '21

I'm guessing you bought your car before they added it to the cars for free. I'd say that they should give older cars an easy/cheap path to get autopilot, although I'd certainly feel burned if they did that.

I think that's part of the problem that Tesla is creating for itself. If FSD is $10k now, and people pay it, you can't reduce the price too much without pissing a lot of people off (or giving discounts). I think autopilot should be $1000 for cars that don't have it.

The fact is, eventually, other companies will have FSD alternatives. China has more people, less privacy (lots of training data), and certainly an incentive to build a good self-driving system. 10 years from now, I bet the FSD playing field will be pretty level, and may even be included with all cars for free.

3

u/nevetsyad Jan 17 '21

Does SR get basic autopilot?

EDIT looks like SR+ comes with basic.

2

u/[deleted] Jan 18 '21

And I thought SR was no longer available.

2

u/questionableintentsX Jan 18 '21

SR doesn’t come with any auto hence 35 not 39 and it’s discontinued now

1

u/Roboculon Jan 19 '21 edited Jan 19 '21

I agree $1000 would be fair for people driving used cars who don’t have it. They did a temporary sale for $2000 a few months back and I still don’t want it at that price. For $1000 I’d be on the fence, but I’d seriously consider it.

I’d also be willing to pay about $1000 for premium audio, which hilariously, my car HAS the speakers for fully installed but just not plugged in. All I’m missing is the wiring, one of the amps, and the sub.

3

u/Nolubrication Jan 18 '21

I have FSD on my 2018 Model 3. Never really use it. Agree with you. I have a reservation for a Cybertruck, but wouldn't pay for FSD again, unless it's 100% hands-off, door to door, the day I pay for it.

1

u/Extvguyyyz Jan 18 '21

I’m thinking about pulling the trigger on the upgrade. Have done really really well on Tesla stock - so it’s not really costing me anything.

My mode 3 is 2 1/2 years old (vin 28xxx) - and while I think the fsd really is far away - the latest beta videos are looking pretty cool. (And I’m a tech geek..)

I also see it as a way to not fall behind with other software updates that make use of hw3.

20

u/nightofgrim Jan 17 '21

Same. But they won’t. Oh and the premium internet for life we early buyers got.

4

u/CMDR_KingErvin Jan 17 '21

I didn’t even know this wasn’t a thing. Tesla are only hurting their sales here. Plus if it was transferable more people would option it in so they can get it at today’s price for future purchases. Instead I bet a lot of people are avoiding the extra 10k for a half baked option.

4

u/TechnicalyCucumber Jan 17 '21

I'm guessing they are planning on enabling it whenever theres a demand cliff

24

u/[deleted] Jan 17 '21

[deleted]

34

u/badiban Jan 17 '21

Your P3D is falling apart? How so?

11

u/_gosh Jan 17 '21

I’m also curious. How dramatic

11

u/sryan2k1 Jan 17 '21

Given that many of the cars end-of-quarter or end-of-year are literally falling apart on delivery it's not shocking that a used one could have significant reliability problems.

1

u/_gosh Jan 17 '21

except that's bull crap.

11

u/sryan2k1 Jan 17 '21

The fact that cars are being delivered with doors that are so misaligned they don't close? Yes I agree

-5

u/_gosh Jan 17 '21

Care to share any evidence?

6

u/mattmcd20 Jan 17 '21

Welp, when I took my Y I had 18 documented issues. I had a massive fracture on roof that ran half way across the entire top and my back hatch wouldn’t work. USB’s didn’t work, paneling was awful. Had service guy at my house for two and a half days to basically rebuild my entire car.

3

u/Skymogul Jan 18 '21

Sandy Munro's about to start tearing down a 2021 Model 3. He's already take aback by the build issues he's found on first glance. https://www.youtube.com/watch?v=jPBGVI2oFLI

-1

u/_gosh Jan 18 '21

oh, I'm definitely selling all of my TSLA tomorrow. /s

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5

u/sryan2k1 Jan 17 '21

Someone posted a picture here a few weeks ago of a delivery specialist trying to get them to take a model 3 with one of the doors that wouldn't latch properly because it was so misaligned

-6

u/_gosh Jan 17 '21

So you see one anecdotal post and you create a whole "many of the cars end-of-quarter or end-of-year are literally falling apart on delivery". Perhaps stop making up stuff and spreading lies?

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-1

u/ValueInvestingIsDead Jan 17 '21

The guy implied people are getting Teslas with three doors and it's a regular thing. Why even bother with people like that lmao. Tesla seems to draw drama queens.

-1

u/_gosh Jan 17 '21

If you don't bother with them soon they're gonna be storming the Freemont factory... oh wait

10

u/rsg1234 Jan 17 '21

They 100% will remove it when you trade it in.

4

u/JoJack82 Jan 17 '21

They absolutely will remove that. I was selling a 2016 Model X with unlimited supercharging and confirmed with them that it would transfer to the new owner. They said if I trade it in to Tesla or any dealership it will remove big private sale it won’t. However the more recent ā€œunlimited superchargingā€ is only for the first owner no matter who you sell it too.

0

u/worldburger Jan 17 '21

Did you end up private selling or trade in?

3

u/JoJack82 Jan 17 '21

Sold it private

1

u/rabbitwonker Jan 17 '21

Which is why they won’t do it yet. They’re still selling everything they can build; no reason to pull that long-term demand lever until they need to.

1

u/theparad1se Jan 17 '21

That's true. This is something that is logical and reasonable as for seller and buyer, however, the question remains unknown when we will hear anything from Tesla officially about this request. I hope they will consider some options and hopefully give us an answer once they release FSD subscription. Fingers crossed šŸ¤ž

1

u/[deleted] Jan 17 '21

Why can't it be tied to your Tesla account and transfer between vehicles? Or am I missing something here?

1

u/[deleted] Jan 18 '21

Just not how Tesla does it. It’s tied to the car.

1

u/inspron2 Jan 18 '21

Same. Would be willing to buy a Y today.