Photo/Zhang Jian (NBD)

According to CCTV Finance citing Reuters, Tesla has significantly reduced the price of its Full Self-Driving (FSD) system software from $12,000 to $8,000 (approximately 58,000 RMB); the monthly subscription fee has also been reduced from $199 to $99.

It is reported that customers can choose to pay $8,000 upfront to purchase the software or subscribe monthly, paying $99 per month to use the full self-driving feature. Tesla also offers a one-month free trial service for each customer.

As a result, the price of Tesla’s Full Self-Driving (FSD) system software has been reduced by $4,000 (approximately 28,961 RMB).

Previously, Tesla’s official U.S. website showed that the price of the entire Model Y series in the U.S. market was reduced by $2,000, with the Tesla Model Y price reduced to $42,990.

Additionally, on April 21st, Tesla’s official Chinese website showed that the price of Model Y was reduced to 249,900 RMB, the long-range version of Model Y to 290,900 RMB, and the performance version of Model Y to 354,900 RMB. The price of Model S was reduced to 684,900 RMB, the Model S PLAID version to 814,900 RMB. The price of Model X was reduced to 724,900 RMB, and the Model X PLAID version to 824,900 RMB.

At the same time, Tesla’s official Chinese website showed that the refreshed version of Model 3 was reduced to 231,900 RMB, and the long-range refreshed version of Model 3 to 271,900 RMB.

Not long ago, Tesla CEO Elon Musk stated in an internal email to employees that the company would cut more than 10% of its global workforce.

The market generally believes that the slowdown in Tesla’s recruitment speed and this round of layoffs are mainly due to the slowdown or even decline in its sales growth. The delivery data for the first quarter of 2024 released by Tesla on April 2nd may be “the last straw that breaks the camel’s back.”

Tesla’s data shows that the company produced over 433,000 vehicles and delivered about 387,000 vehicles in the first quarter of 2024, which did not meet market expectations and was the first year-over-year decline in recent years.

As of Friday, Tesla’s stock price closed at $147.05, having fallen more than 40% since the beginning of the year.