Since FSD is expensive it’s no surprise that owners want to be able to transfer it when selling or trading in their car. During the Q2 earnings call, Tesla CEO Elon Musk addressed this issue.
He explained that he’s giving a “one-time amnesty” for FSD transfers to new cars in Q3. Here’s what you need to know about it.
Autopilot Hardware Updates
While many drivers are excited to hear that FSD is now transferable between vehicles, it may not be as simple as that. Adding the Full Self Driving Capability option to a vehicle is an expensive upgrade, and this will likely have an impact on insurance premiums.
Tesla updates the Autopilot software on its cars to improve functionality and add new features. The upgrades are generally rolled out to the entire fleet over time. In addition to the software updates, hardware upgrades are also offered. The current hardware 4.0 is commonly referred to as “Hardware 3” or HW3. The latest version has improved cameras and other sensors. It also comes with the FSD Computer that has more functionality than Enhanced Autopilot, including Traffic Light and Stop Sign Control.
Accidents or Totaled Vehicles
Adding FSD Capability to any Tesla car requires paying an additional $15,000. This expensive software upgrade has become controversial. Many owners that purchased the option several years ago at lower prices are keen to upgrade but cannot re-buy it at the new price.
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In some cases, FSD-equipped cars are sent to salvage due to accidents or other damage. These cars can then be auctioned off or sold privately, which can reduce the value of an FSD-equipped Tesla.
Regardless of whether they’re still working or not, Tesla can remotely audit and remove Full Self Driving capability from any car that changes ownership through a dealership or private sale. This means that if you’re buying a used Tesla with FSD, make sure to ask about its history before making a purchase.
Private Sales
Since Full Self-Driving was rolled out, many Tesla owners have wondered what happens when they sell their cars. Traditionally, Tesla has allowed owners to transfer FSD to a new vehicle through private sales. However, the new owner would have to re-enroll and update their safety score.
For dealership sales, both parties must coordinate with Tesla customer service to ensure the account is updated. Otherwise, the next owner will have to pay for FSD on their own.
It is great that Tesla is allowing more flexibility in how owners can use their vehicles. Hopefully, it can encourage more EV adoption as it will be beneficial for the environment and insurance rates. It will also benefit the driver as it will lead to safer driving, which could result in lower accident rates.
Dealership Sales
Full Self-Driving Capability (FSD) is an optional package on a Tesla that should add value to the car. This feature has been praised by Elon Musk and is one of the few options that doesn’t depreciate over time like a regular car does.
If a used Tesla is purchased from a dealership, it’s not clear whether the FSD will transfer to the new owner or not. Tesla has been known to strip features from cars that are sold through their dealerships, and Electrek reported that they have removed features in FSD-equipped CPO vehicles as well.
On an earnings call last week, Tesla said they will increase the trade-in allowance if a vehicle has FSD installed and that it stays with the car during any subsequent sales.
Third-Party Sales
When it comes to selling or buying a used Tesla with Full Self-Driving Capability, always be sure the vehicle has updated Autopilot hardware and retains its driver assistance features. It is also a good idea to stay in touch with Tesla customer service as the process of transferring FSD can vary depending on the type of sale.
During an investor call this week, Tesla CEO Elon Musk announced that current owners of Tesla vehicles can transfer their Full Self-Driving software suite to another new vehicle for free. He went on to say that the company is granting this one-time amnesty because of the high demand from customers.
Some Tesla owners have complained that the company strips their cars of FSD upon trade-in, which is true but only when the resale value without the feature is much lower than the price paid to add it to the car.
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Conclusion
Many fans and owners had been asking for this feature. In a tweet about what the company should improve, a majority of replies asked for the ability to transfer the FSD software upgrade between vehicles.
