Elon Musk Says Don’t Underestimate Value of Autonomous Vehicles as Tesla Raises FSD Price to $12,000

A Tesla Model S P100D in Ludicrous Mode is shown, during a press event for CES 2017 at The Pavilions at Las Vegas Market in Las Vegas, on Jan. 3, 2017. Ethan Miller/Getty Images

Tesla Inc. CEO Elon Musk on Tuesday touted the worthiness of autonomous vehicles just hours after the electric vehicle maker raised the price of its full self-driving (FSD) software package price to $12,000.

What Happened

The 20 percent jump in FSD package pricing was introduced a day later than scheduled and includes no change in the price of the software’s monthly subscription service.

Musk had earlier this month said the FSD price increase would come into effect on Jan. 17. He said the monthly subscription price for FSD would rise close to the software’s wider release.