Tesla Extends FSD Transfers for Another Quarter, Confirms Elon Musk

Elon Musk announces extension of Tesla FSD transfers for one more quarter at the stockholder meeting.

Sunday, June 16, 2024 1:04 PM UTC

At the 2024 Annual Stockholder Meeting, a question was raised about Tesla's plans for permanent FSD transfers. According to Teslarati, Elon Musk, seemingly undecided, was in the process of formulating his response. However, a spontaneous suggestion from an audience member, advocating for FSD transfers for “just one more quarter,” led to Musk's consent.

“Okay, one more quarter,” Musk responded with a sigh. “We got it—one more quarter.”

Tesla has not yet disclosed any information regarding its intentions to reinstate FSD transfers; however, they will probably be accessible in Q3, as the second quarter concludes.

Last year, Tesla initiated the provision of FSD transfers, as CEO Elon Musk disclosed at the 2023 stockholders' meeting. Musk responded to an investor's inquiry regarding the potential of service transfers as a demand lever by announcing that Tesla would provide FSD transfers as a "one-time amnesty" in the third quarter.

Tesla Continues to Extend FSD Transfers Amid New Features and Upcoming Robotaxi Platform Announcement

Following Tesla's initial launch of FSD transfers last year, the company has been in a cycle of relaunching and extending the service. The most recent instance was in February, when Tesla announced the relaunch of FSD transfers, initially set to end on March 31. However, the company decided to extend the service beyond the deadline.

The announcement is in anticipation of Tesla's planned announcement of a robotaxi platform in August and the company's recent introduction of additional FSD-related benefits. Tesla initiated the first-ever one-month free trials of FSD in March and implemented mandatory demonstration drives with the software for new buyers.

Tesla discontinued the "beta" designation upon releasing its eagerly anticipated v12 software, rebranding it as FSD (Supervised). Tesla is also in the process of introducing FSD in markets beyond North America. According to recent reports, the company will unveil ten pilot vehicles in China to evaluate the system on the country's roads.

Photo: Microsoft Bing