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Purchased it for model 3 in 2018, and then traded for model Y and bought FSD. I currently have Model X 2022 with FSD and recent earnings call Musk said HW3 to HW4 is not "economically feasible"For those of you who purchased the FSD add-on when you reserved the car, what caused you to do that vs. waiting to add it later after delivery? Are you happy with your decision? What aspects of your driving experience with the FSD add-on cause you to believe you made a mistake in prepaying vs. subscribing for the FSD after vehicle delivery? Have you tried contacting Tesla or utilizing other channels to remedy the situation if your FSD experience fell short of your expectations?
We got scammed for sure.Been there, done that, did not buy FSD for my latest M3. $15k for what you get is a scam. I could barely stand using it on my previous M3.
I didn’t hear about the upgrade to HW4 being not feasible. That’s interesting. Lots of cars out there that have had the promise. They’ll probably stop selling “Full Self Driving” and call that complete, and call the new stuff “Completely Full Self Driving”.Purchased it for model 3 in 2018, and then traded for model Y and bought FSD. I currently have Model X 2022 with FSD and recent earnings call Musk said HW3 to HW4 is not "economically feasible"
At least wait till HW4 comes out
I didn’t hear about the upgrade to HW4 being not feasible. That’s interesting. Lots of cars out there that have had the promise. They’ll probably stop selling “Full Self Driving” and call that complete, and call the new stuff “Completely Full Self Driving”.
Lame.
recent earnings call Musk said HW3 to HW4 is not "economically feasible"
When you say the feature cannot be separated from the vehicle after purchase, are you referring to some technical aspect of why that might not be possible or just what Tesla provided when you asked them about it?Looking at a vehicle or vehicle feature as an expense is perfectly reasonable from a personal standpoint and when not throwing other financial terms around at the same time. However, from a technical/financial accounting standpoint, when purchased with the vehicle, it is part of the vehicle. When purchased after, it is likely still an asset for business tax purposes. The link I posted earlier supports that with this quote:
There is also the fact that you still can't separate the feature from the vehicle after purchase, so it would be considered an improvement to the existing asset (still part of it even though purchased after).
In the interest of full disclosure, the omitted beginning of that quote could arguably bring treating a separate FSD purchase as capital into question, but it could also bring the treating of a vehicle purchase as capital into question using the same logic, so that logic likely isn't really valid (prhaps because, for accounting purposes, businesses don't purchase things that aren't needed in the line of business, and if something is needed in the line of business, the same income wouldn't be generated without it). Meanwhile, every accountant I have ever worked with would err on the side of caution given the price point regardless.
That having been said, it would certainly be an expense if you were referring to the subscription.
It's not a technical limitation, it is a legal/licensing limitation. When Tesla sells FSD, it is effectively a non-transferrable license to the vehicle (as opposed to a license to you).When you say the feature cannot be separated from the vehicle after purchase, are you referring to some technical aspect of why that might not be possible or just what Tesla provided when you asked them about it?
I totally agree, I too regret for paying 15K without having that FSD installed, I bought the car on February I thought It will come as activated as a wide version was already released in November. If I knew that won't be the case, I wouldn't pay 15K for the feature and rather would wait to have it available first and then upgrade to the feature later. I would not recommend anyone to pay 15K upfront when you don't know if the car is coming with the package activated,^^ I ‘ll rephrase my statement-
I’m glad I bought the car
I regret buying the FSD
EAP cost money too !! I guess it was around 9K back in september.I've had FSD on a couple of our Teslas in the past and even though I think it has made huge improvements over the last 14 months, we didn't purchase it for our new X (that has HW4). $15k is just too expensive for what you get. EAP is a fair deal for 95% of the features.