In a jaw-dropping move during the Q2 2023 earnings call on July 19, Tesla’s CEO Elon Musk announced a groundbreaking update for its Full Self-Driving Beta (FSD) program – the company will now allow owners to transfer ownership of the FSD Beta, marking a significant first for Tesla.
The catch, however, is that this unique opportunity comes with a time constraint. The ownership transfer offer is exclusively available for those Tesla owners who trade in their old electric vehicles and place an order for a new one during the third quarter. This means interested owners must act quickly and complete the process by the end of September.
For existing owners of FSD Beta-equipped vehicles who are considering an upgrade to a new Tesla model, this announcement comes as welcome news. By allowing the transfer of the FSD Beta, Tesla eliminates the need for repurchasing the costly FSD package. As of now, the Advanced Driver Assistance System (ADAS) suite sells for $15,000 in the US when purchased outright or through a monthly subscription. The subscription costs $199 for cars with Basic Autopilot and $99 for those equipped with Enhanced Autopilot.
Elon Musk expressed his excitement during the announcement, stating, “We’re excited to announce that for Q3, we will be allowing the transfer of FSD. This is a one-time amnesty. So, it needs to be – you need to take advantage of it in Q3, but – or at least place the order in Q3 within reasonable delivery time frames. So yes, I hope this makes people happy. This is a one-time thing.”
However, prospective participants in the FSD Beta transfer program should be aware that there are specific terms and conditions they must fulfill to become eligible. Tesla has already activated the option to transfer FSD between vehicles, but owners will need to review the list of requirements to understand how they can qualify for the transfer.
The FSD Beta transfer program will be available from July 20 to September 30. In essence, the process involves the removal of the FSD suite from the original vehicle it was purchased for. Subsequently, Tesla will transfer the FSD Beta to the new vehicle, and the owner must take delivery of the new car by the end of Q3.
This move by Tesla marks a significant step in the evolution of its autonomous driving technology and provides a unique opportunity for existing owners to seamlessly transition to newer models without incurring additional costs. As the deadline approaches, Tesla enthusiasts and FSD Beta users are eager to make the most of this limited-time offer.
Here’s the full list of requirements (via Teslarati):
1. Be the legal and registered owner of a Tesla vehicle that currently has Full Self-Driving capability included at the time of delivery of the new Tesla vehicle. The vehicle cannot be the subject of a pending cancellation of buyback request.
2. Take delivery of your new titled Tesla between July 20, 2023, and September 30, 2023.
3. Accept the forfeiture of the Full Self-Driving capability on your current Tesla vehicle. Alternatively, you can choose to trade-in your current Tesla vehicle altogether directly with Tesla when you purchase your new Tesla vehicle. Tesla will remove Full Self-Driving capability from your current Tesla vehicle up to one week before your scheduled delivery day for your new Tesla. During this process, your current vehicle will automatically reboot for a few minutes after put in park.
4. The Full Self-Driving capability can only be transferred once and so cannot be transferred to another vehicle or to another person, even if the vehicle is privately sold. This offer cannot be combined with any other promotion, and is not redeemable for cash.
5. Tesla reserves the right to change, modify, or terminate this offer at any time without prior notice.
6. The forfeiture of the Full Self-Driving capability on your current vehicle is non-reversible after you take delivery of the new Tesla vehicle, or we remove Full Self-Driving capability from your current vehicle, whichever occurs first. This remains non-reversible even in the event that you cancel or reverse your purchase after you have taken delivery.
7. Used vehicles and vehicles for commercial purposes are not eligible for this program.
8. Tesla may remove the Full Self-Driving capability from your new vehicle if it determines in good faith that you have breached any of these terms or made any misrepresentations about Full Self-Driving on your current vehicle.
9. This offer cannot be applied retroactively after the new Tesla vehicle is delivered.
