Novo Nordisk Launches Once-Daily Wegovy Pill in U.S. at Competitive Pricing 
Samsung Electronics Poised for Massive Q4 Profit Surge on Soaring Memory Chip Prices 
Samsung Electronics Hits Record High as AI Momentum Fuels Investor Optimism 
Trump Administration Lifts Sanctions on Three Intellexa-Linked Executives 
Lenovo Unveils AI Cloud Gigafactory With NVIDIA and Launches New AI Platform at CES 2026 
China Reviews Meta’s $2 Billion AI Deal With Manus Amid Technology Control Concerns 
Mercedes-Benz to Launch Advanced Urban Self-Driving System in the U.S., Challenging Tesla FSD 
Discord Confidentially Files for U.S. IPO, Signaling Major Milestone 
Baidu’s AI Chip Unit Kunlunxin Prepares for Hong Kong IPO to Raise Up to $2 Billion 
SMIC Shares Climb as China Boosts Chipmaking Support Amid AI Optimism 
Embraer Boosts Aircraft Deliveries in Q4 2025, Signaling Strong Growth Into 2026 
Nvidia Unveils Rubin Platform to Power Next Wave of AI Infrastructure 
AMD Unveils Next-Generation AI and PC Chips at CES, Highlights Major OpenAI Partnership 
Dell Revives XPS Laptop Lineup With New XPS 14 and XPS 16 to Boost Premium PC Demand 
TSMC Shares Hit Record High as Goldman Sachs Raises Price Target on AI Demand Outlook 
L3Harris Nears $500M Deal to Sell Majority Stake in Space Propulsion Portfolio to AE Industrial 
Trump Blocks HieFo’s Emcore Chip Assets Deal Over National Security Concerns 
Tesla is aggressively pursuing market expansion by reducing the price of its Full Self-Driving (FSD) software to $8,000 in the U.S. and decreasing model prices by $2,000 in China amidst escalating competition.
Musk's Bold Move: FSD Price Cut to Capture More US Consumers
Elon Musk, Tesla's CEO, is pushing the company's FSD driver assistant software harder, slashing the price from $12,000 to $8,000 in the U.S.
As per US News, Musk is betting on technology to turn the most valuable car company in the world into a cash cow. However, he has been unable to accomplish the aim of self-driving capabilities for years, and the technology is coming under increasing regulatory and legal scrutiny.
When Reuters revealed that Tesla had abandoned its low-cost, mass-market automobile in favor of robotaxis, Musk claimed that the company would reveal its robotaxis on August 8.
According to the Tesla website, customers can now pay $8,000 for the FSD feature or subscribe to use it for $99 a month.
Tesla's recent strategy in the U.S. to enhance customer engagement involves offering every Tesla owner a month of complimentary software subscription alongside a monthly fee reduction from $199. This move reflects the company's effort to boost value for its consumers amidst increasing market competition and a shifting focus towards service-oriented revenue.
Tesla Responds to Competitive Pressure with Strategic Price Reductions in China
In a parallel move indicative of its global market strategy, Tesla adjusted its pricing strategy in China. According to Reuters, the company has reduced prices by approximately $2,000 across all models.
This price adjustment comes as Tesla faces declining sales in the region and intense competition from more cost-effective Chinese electric vehicles, signaling a strategic shift to maintain its market presence in a highly competitive environment.
According to the official website of Elon Musk's electric vehicle manufacturer, the beginning price of the updated Model 3 in China has been lowered by 14,000 yuan ($1,930) to 231,900 yuan ($32,000).
Tesla lowered the starting price of the Model Y to 249,900 yuan, the Model S standard version to 684,900 yuan, and the Model S Plaid to 814,900 yuan. The price of the standard Model X is now 724,900 yuan, while the plaid model costs 824,900 yuan.
Photo: ün LIU/Unsplash
