Tesla will charge customers a monthly fee for its premium tier of in-car connectivity - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Tesla's move to charge drivers for in-vehicle connectivity is likely due to the mounting costs of connecting its growing fleet:

it will charge customers $10 per month for its premium tier of in-car connectivity beginning in January 2020.The monthly fee only applies to vehicles ordered after June 2018 and allows Tesla's cars to access features like media streaming, satellite maps, and an internet browser.

Owners who choose not to pay for premium connectivity will still have access to a free, standard tier that provides connectivity for navigation and system updates. Previously, Tesla provided free connectivity for its vehicles, only the standard and premium connectivity tiers in July 2018, but hasn't charged for the premium tier until now.

Tesla's move to charge drivers for in-vehicle connectivity is likely due to the mounting cost of connecting a growing fleet. As of September 18, 2019, there were around 536,000 Tesla vehicle identification numbers registered in the US alone, up 383% from around 116,000 the year prior, Bloomberg — and the volume of data generated by the cars likely increases along with the size of the fleet.

While it is unclear what it costs Tesla to provide connectivity for its vehicles, the company has struck multiyear deals with telecoms, including

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Everything Jim Cramer said about the stock market on 'Mad Money,' including bullish on Tesla, millennial homebuying'Mad Money' host Jim Cramer breaks down why Tesla has the green light. Later in the show he reveals signs that the millennial homebuying market is heating up. Jim Cramer is the Matthew Berry of stock picking Millennial homebuying? How with 22/22/22 rule? He’s bullish on Tesla now A bit late to the party 🎊 Oy Vey !
Source: CNBC - 🏆 12. / 72 Read more »

Startup platform All of Us Financial aims to challenge Robinhood and pay you for trades - Business InsiderAll of Us CEO Alan Grujic told Business Insider his pitch to customers is that they can get paid to trade using the San Francisco-based startup.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Quibi seeks influencers for original shows - Business Insider - Business InsiderShort-form subscription video app Quibi is forming output deals with social media influencers to fill out the third tier in its content strategy.
Source: BusinessInsider - 🏆 729. / 51 Read more »