SK Hynix Shares Surge on Hopes for Upcoming ADR Issuance 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
U.S. Greenlights Nvidia H200 Chip Exports to China With 25% Fee 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Tesla announced a limited-time $1,000 discount for owners upgrading from Enhanced Autopilot (EAP) to Full Self-Driving (FSD) when purchasing a new vehicle.
Tesla's Limited-Time Discount Offer
Emails sent out to Tesla customers earlier this week highlighted a limited-time offer: a $1,000 discount on the purchase of a new vehicle when owners upgrade to Full Self-Driving (FSD).
According to Teslarati, the offer was announced by Tesla in an email to Enhanced Autopilot owners this week. A screenshot from Saturday's X show with Sawyer Merritt shows this. The $1,000 discount promotion is only available to customers who buy a new car, upgrade to FSD Supervised, and receive delivery by September 30. An additional perk is that the email says customers can get three months of Supercharging for free if they take delivery before August 15.
Enhanced Autopilot to FSD Upgrade Benefits
In the email, Tesla offers a $1,000 discount to customers who upgrade their Enhanced Autopilot to Full-Self Driving (Supervised) and then transfer the feature to a new Tesla purchase.
This announcement follows Tesla's gradual removal of Enhanced Autopilot from all vehicles this year as the business shifts its focus to the wider rollout of FSD Supervised and the introduction of the Robotaxi platform.
In April, Tesla not only reduced the price of FSD Supervised to $99 per month or $8,000 for a one-time payment, but it also formally withdrew the Enhanced Autopilot option from its US order configurator. The present promotion makes the upgrade to FSD free, although it was also encouraged to Enhanced Autopilot owners for $2,000 to do so.
FSD Rollout and Global Expansion
In addition to implementing FSD Supervised demonstrations for all new car purchasers a few weeks ago, Tesla is reportedly getting ready to roll out the system in other countries, beginning with China. Rumor has it that Tesla is getting ready to roll out FSD Supervised across the country after obtaining preliminary certification for the technology in China earlier this year. Ten vehicles were reportedly tested with the system last month.
At last month's Annual Shareholder Meeting, Elon Musk made a public commitment to extend the grace period for transferring FSD to a newly purchased Tesla by "one more quarter." The firm is currently giving this promotion to customers who receive their new Tesla before the end of September.
Musk revealed last week that rumors about a postponement of the August unveiling of Tesla's forthcoming Robotaxi platform were true. Many are hoping to get more specifics during this week's Tesla Q2 2024 earnings call, but Musk and Tesla have not yet announced a new date for the revealing event.
