Electric Vehicle (EV) maker Tesla is set to increase the price of its Full Self-Driving option from May 1.

"Please note that the price of the Tesla Full Self-Driving option will increase substantially over time," Elon Musk, CEO, Tesla, tweeted late on Saturday.

Musk, however, didn't provide a specific figure. While responding to a question on Twitter, he said the increase would be "something like" around the $3,000 plus figure.

The full self-driving currently costs $5,000.

The announcement of price increase comes as Tesla is introducing its new full self-driving computer that entered production earlier this month.

It is also unclear if all new Tesla vehicles are getting the new computer.

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Tesla refuses to confirm this, but the automaker maintains that it will offer computer retrofits to all owners who have bought the full self-driving option, which Musk says will increase in price next month, according to the Electrek. (IANS)