Tesla to raise 'full self-driving' option price to $8k

Yahoo Finance's Rick Newman joined Jen Rogers, Myles Udland, and Akiko Fujita to discuss Tesla raising its 'full self-driving' option price to $8k and the number of Tesla China car registrations plummeting 64% in April.

Video Transcript

JEN ROGERS: Tesla, they're barely budging here. We add it to the news on them, though, to talk about, stuck it at 808 right now, down less than 1% on the day-to-day. But a couple of stories here-- car registrations in China fell 64% in April, compared to March. Rick Newman is going to walk us through all things Tesla today. Rick, I mean, of course, they were down, right? Like, doesn't this make sense?

RICK NEWMAN: Yeah, and it's not Tesla's number. It's a third-party reporting service. So they're pointing out. And that's six down, 64% for Tesla car reservations. That's people who bought a Tesla and then go and register it. But look, at least it's not down 100%. And Tesla's Shanghai factory is now opening again. And by the way, that registration figure would include imports from the United States to China and also vehicles made in China.

So when Tesla does all the reporting for the quarter, I mean, obviously, this is going to come out. But the Shanghai factory is now open. And I think that's one of the reasons that Elon Musk, the Tesla CEO, felt so confident about getting his Fremont, California factory up and running again. I mean, he defied the loc-- the county rule saying you couldn't reopen. And he said, we're not listening to you. We're going back to work. And they basically let him get away with it. So Tesla now back in business, both in China and in the United States.