Tesla has added payment plan options to its shop items for the first time. They’ve partnered with Klarna, a deferred payment provider, to spread the cost of items across multiple payments. For now, this appears to be limited to the Tesla Shop in the United States—no support for other regions quite yet.
Payment Options
Klarna’s primary payment option allows buyers to get 0% APR for 6 weeks, with 4 payments. The payment schedule is essentially one payment every two weeks for whichever product you buy - enabling you to buy now, and pay later with 0% financing.
For example, the payment schedule for the $420 Wall Connector is evenly divided into four portions. Of course, you’d also have to pay for shipping and taxes, both of which will be included in your first payment.
Payment 1
Payment 2
Payment 3
Payment 4
Amount
$105
$105
$105
$105
Payment Due
Day of Purchase
Week 2
Week 4
Week 6
For some of Tesla’s more expensive Shop options - like the Cybertent, this could be a fantastic means for some owners to pick up something more expensive without having to worry about interest charges on their credit card.
Klarna also offers some other payment schedules, which do have interest. While these are far more expensive and are more like credit cards, they still provide buyers a means to buy now and pay over time. These are all open loans as well, so you can pay them down at a faster rate, thereby reducing the overall interest.
Payment Schedule
Payment Rate
Interest Rate
6 Weeks
Biweekly
0%
6 Months
Monthly
7.99% to 33.99%
12 Months
Monthly
7.99% to 33.99%
FSD Payment Options?
We’d love to see an equivalent payment option available for Tesla’s FSD purchase, which is currently $8,000, even if it's bought after the vehicle purchase. The high upfront cost is likely one reason why Tesla’s FSD subscription is so popular.
It’s likely that purchasing FSD is much more popular at the time of vehicle purchase, as owners can roll the cost of FSD into their financing rather than paying the full $8,000 later on.
IPO Filing
Interestingly enough, along with today’s news that Klarna is working with Tesla, Klarna has also filed for an IPO in the United States. It is one of the first financial tech (FinTech) companies to file for an IPO in 2025 and, interestingly, one of the first European companies to conduct an IPO in the United States.
For those who trade in the financial sector, this will be one to watch—Klarna was valued at around $46 billion in 2021 and is now valued at approximately $15 billion. Partnering with a large and well-known brand like Tesla could uplift Klarna, but that’s all financial speculation.
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As Tesla update 2024.44.3 continues to roll out, we’re seeing more features in this update. While the update doesn’t include many new feature, it either improves existing features or rolls out a feature to new regions. Actually Smart Summon is rolling out to Europe, although with more strict restrictions. AutoPark is also rolling out to the UK and several other countries for the first time, and we’re now seeing improvements to Autopark arriving in North America and Europe.
As Tesla’s 2024.44.3 update continues to roll out, more features in the update are being revealed. While this update doesn’t introduce many entirely new features, it does refine existing features or expand the reach of others.
Notably, Actually Smart Summon is now rolling out in Europe, albeit with stricter regulations. Vision-based AutoPark is debuting in the UK and several other countries, while North America and Europe are receiving updates that further improve Autopark’s functionality.
Improvements to Autopark
As part of the same update, Tesla is making a batch of improvements to Autopark in Europe and North America. In the release notes, Tesla states that Autopark is receiving performance and visualization improvements. Unfortunately, Tesla doesn’t go into more detail here, but it sounds like these improvements could be the faster and more accurate Autopark enhancements Ashok Elluswamy talked about earlier this year.
Those improvements are expected to make Autopark more reliable, let it pick spots faster, move faster into them, and also shift between forward and reverse faster. The improvements would also let the vehicle park in tighter spots than before, with more accurate vision.
We’ll have to wait and see how this improved Autopark compares to the current version.
Your vehicle's Autopark performance and visualizatons have been improved.
Autopark in the UK and Other Countries
Countries in Europe that previously didn’t have access to Vision-Based Autopark, including the UK, will now have access to the new Autopark for the first time with update 2024.44.3 and later. This includes countries such as the UK, Ireland and Malaysia.
While these countries are receiving Autopark, it’s not clear whether it includes the Autopark improvements that other regions are receiving. The release notes don’t include the Autopark Improvements section in these countries, but that could be due to Tesla simplifying the release notes for these countries that are receiving Autopark for the first time.
With Autopark finally introduced in these regions, it’ll be the first time vehicles without ultrasonic sensors are capable of Autopark. Vision-Based Autopark is far more reliable, faster, and easier to use in more situations than the older USS-based solution.
Tesla has finally released Actually Smart Summon for Europe and the Middle East, albeit with several major restrictions. However, it's definitely a first step towards unlocking autonomy in Europe.
Europe’s autonomy laws are governed under UNECE regulation R79, which regulates autonomous features and is extremely restrictive in how autonomy can be used and applied. For example, the previous revision (Rev 4) of R79 required drivers to approve, with physical action, every decision made by an Advanced Driver Assistance System (ADAS) feature.
Limited Actually Smart Summon
Under Rev 5 of UNECE R79, Actually Smart Summon can actually function, but only to a limited degree. Owners have to be within 6 meters (19.5 feet) of the vehicle at all times, making it barely more usable than Dumb Summon (can we coin the term Dummon?).
In addition, you can only travel a total distance (under the regulation) of 100 meters (328 feet) - which means you’d have to run beside the vehicle or be inside it, rendering it mostly useless. However, Tesla has, for some reason, limited the total summon distance to 15-20m (50 to 65 feet) of travel. These limits are in sharp contrast to the distance limits of A.S.S. in North America.
Getting UNECE R79 Updated
Tesla has been hard at work getting R79 repealed or updated to allow for further autonomy after running demos for senior politicians earlier in the year. Back in March, we reported that updating DCAS regulations in Europe would help get FSD approved - but that covered driver assistance, not autonomy. In fact, Tesla was testing FSD with validation vehicles as far back as February of this year, hinting that Supervised FSD may be getting close.
Tesla FSD Validation Vehicle seen in Munich, Germany 👀
While FSD has a clear path forward in Europe, semi-autonomous features like Actually Smart Summon and Banish don’t just yet. The updated DCAS regulations do not cover semi-autonomy or autonomy and require clear interfaces, guidelines, and controls for drivers to be informed and engaged at all times.
It’ll take another big swing for Tesla to get autonomy regulations changed to allow for more semi-supervised autonomy like Actually Smart Summon - much less fully autonomous products like the Robotaxi Network, Cybercab, and Robovan.
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