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Topic: Tesla

Demand stayed weak despite the lower prices, leading some to conclude that the pool of “first-adopter” consumers may have been tapped. (Bloomberg) News 

Investors in Tesla and Electric Vehicles Face a Crucial Moment

Nitin Misra

After a few years of rapid growth, the electric-vehicle industry, which gave rise to billion-dollar startups and propelled Tesla Inc.’s value to new heights, is now facing setbacks. The central theme of this earnings season is the decline in demand for electric cars. The first was Tesla’s dismal earnings report last week, followed by scathing comments from General Motors Co, Mercedes-Benz Group AG, Honda Motor Co and car rental company Hertz Global Holdings Inc. The change has been shocking for investors, as the valuation of most electric vehicle stocks assumes…

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China is the world’s biggest EV market and dozens of brands are looking to stand out with new technologies. (AP) News 

Geely and Baidu Enter Automated Driving Race with Tesla

Nitin Misra,

China’s automated-driving sector is witnessing increased competition as Jiyue 01, the inaugural electric vehicle from a collaboration between Zhejiang Geely Holding Group Co. and Chinese search and technology powerhouse Baidu Inc., enters the market. The sports utility vehicle launching on Friday is equipped with Baidu’s Apollo platform, which has been in development for 10 years and has been used in driverless vehicles since 2016. Although the Jiyue 01 still uses a high-precision map for assisted driving, it is moving towards a pure-vision approach that mostly uses cameras to assess the…

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At $38,990, the base Model 3 sedan now costs $8,700 less than the average amount paid for a car or truck in the US. (REUTERS) News 

Tesla Prices Compete with Average US Vehicle Costs Following Billions in Savings

Sanjay Patil

According to an investor, Tesla Inc. could potentially lose $1.2 billion annually due to recent price reductions, as their popular electric vehicles are now directly competing with gasoline cars in terms of pricing. At $38,990, the base Model 3 sedan now costs $8,700 less than the average price paid for a car or truck in the United States. According to Bloomberg Green’s analysis, the starting price of the Model Y SUV is $3,700 below the average car price of about $48,000. Tesla started cutting prices at the beginning of the…

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Despite the tacit consensus on the future of drivetrains, obstacles remain for electric cars to meet their emissions-reduction potential. (Bloomberg) Gadgets 

Electric Cars Powered by Batteries Are the Future

Nitin Misra, , , , , , , , , ,

The increase in electric vehicles is truly remarkable. Over the past decade, Teslas have gone from cars for the uber-rich to cars for Uber drivers. All the major automakers have invested in electric cars, lowering prices and expanding the options available. According to BloombergNEF, more than 14 million electric cars will be sold globally this year, up from just 700,000 in 2016. And some 23 countries have now passed the crucial electric car tipping point – 5% of new car sales – after which adoption will begin. up dramatically. In…

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Optimus, the Humanoid robot, is adding mind-boggling skills to its many functionalities. (Tesla Optimus/X) News 

Robot Developed by Elon Musk Demonstrates Yoga Moves

Adriana Marais,

Billionaire Elon Musk’s highly anticipated Humanoid robot, Optimus, unveiled by Tesla in August 2021, has recently showcased its astonishing learning capabilities. In a captivating video, Optimus impressively demonstrates a wide range of yoga poses, leaving the online community in awe. Known for his groundbreaking inventions, Elon Musk has once again astounded the public, with Optimus emerging as the latest sensation captivating the Internet. Discover the remarkable abilities of this extraordinary Humanoid robot, Optimus. About the humanoid robot Optimus Tesla Optimus’ official X account shared a video post of the humanoid…

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Tesla's humanoid robot, which is called 'Optimus' can now perform yoga, and sort objects by their colour, thanks to new abilities made possible using AI and self-calibration. News 

Elon Musk Celebrates Progress as Tesla’s Humanoid Robot Demonstrates Yoga Moves

Adriana Marais, , ,

2023 has been a big year for generative AI, and it’s only going to get bigger. More and more companies are beginning to reveal their long-term plans for AI, and some experts are concerned about AI’s potential to replace jobs and even make sense. While this may sound like something out of a sci-fi movie, Elon Musk’s Tesla recently unveiled a video of its AI-based humanoid robot – Optimus – performing various tasks on X (formerly Twitter). In the viral video, we see the humanoid robot performing a variety of…

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Elon Musk makes a heart with his hands during a Senate bipartisan Artificial Intelligence (AI) Insight Forum on Capitol Hill in Washington, DC, US, (Bloomberg) AI 

Elon Musk Warns of Dangers of Artificial Intelligence at US Senate Tech CEO Summit

Adriana Marais, , ,

During a closed-door session with US senators, Elon Musk expressed his views on artificial intelligence, describing it as a two-sided tool. He acknowledged its potential for immense benefits but also raised concerns about potential risks to society. The session, attended by over 20 leaders from the technology and civil society sectors, was centered around discussions on AI. Elon Musk, the billionaire owner of X (formerly known as Twitter), was among the participants. Musk, the CEO of Tesla Inc., told senators that they should not worry about things like self-driving cars,…

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Dojo can open up “new addressable markets,” just like AWS did for Amazon.com Inc. (REUTERS) News 

Morgan Stanley Predicts Tesla’s Worth Could Increase by Half a Trillion Dollars Thanks to Dojo

Adriana Marais

According to Morgan Stanley, Tesla Inc.’s Dojo supercomputer has the potential to increase the company’s market value by up to $500 billion by accelerating the adoption of robotaxis and network services. Dojo could open up “new addressable markets,” just as AWS did for Amazon.com Inc., analysts led by Adam Jonas wrote in a note, lifting the stock from overweight to overweight and raising its 12-month price target. Street high $400 per share from $250. Tesla shares, which have already more than doubled this year, rose as much as 8% on…

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The X also now qualifies for US tax incentives. News 

Tesla Reduces Prices of Model S and X by 20 Percent

Febin Mathew

Tesla has announced yet another price reduction for its Model S and X electric vehicles, in a bid to attract more customers who may be hesitant to embrace electric vehicles. The price cuts, ranging from 15 to 19 percent, are applicable to various models and trims and are not limited to American consumers alone. Similar discounts have been observed worldwide, as reported by EV experts Electrek. Starting today, you can pick up a Model S for a base price of $74,990, down $3,500 from the previous base price. The Model…

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NHTSA investigates Tesla's autopilot safety amid concerns over 'Elon Mode' configuration. (AFP) News 

US Investigates Tesla’s ‘Elon Mode’

Nitin Misra,

According to Bloomberg, the National Highway Traffic Safety Administration (NHTSA) in the US is currently investigating Tesla’s Autopilot feature, which allows drivers to operate their vehicles without holding the steering wheel for long periods. The agency has requested data from Tesla pertaining to this particular feature. NHTSA’s inquiry stems from incidents in which Tesla vehicles have collided with emergency vehicles. The agency’s letter to Tesla, sent last month and recently posted on its website, expresses concern about a specific Autopilot setting. This setup allows drivers to use the system for…

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It's also being questioned over claims that its vehicle ranges have been exaggerated, according to WSJ. News 

Tesla Under Scrutiny for Glass House Project

Nitin Misra,

The Wall Street Journal has reported that two government agencies are currently investigating Tesla’s secretive glass house project, known as “Project 42.” In July, concerns were raised about CEO Elon Musk potentially using company funds for the project, prompting an investigation by the automaker’s board. The US Attorney’s Office for the Southern District of New York has now requested details on the project’s expenses and any personal benefits Musk may have received. Additionally, the Securities and Exchange Commission (SEC) has initiated a civil probe and is seeking the same information.…

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Elon Musk held a 45-minute video livestream on Friday to give a demo of the Tesla FSD v12 update. (REUTERS) News 

Police Unmoved by Elon Musk’s Tesla Drive Despite Controversy and Frightening Incident

Adriana Marais,

Elon Musk, CEO of Tesla and SpaceX, unknowingly sparked controversy when he left the Tesla Engineering HQ in Palo Alto on Friday with his smartphone and a livestream. During a 45-minute drive around the city, Musk showcased the features of Tesla’s latest Full Self-Driving (FSD) update, FSD v12, inadvertently violating multiple laws. Here is a detailed account of everything that occurred during the eventful Musk live stream. Tesla FSD demo: What went wrong? At first, everything went well as Musk’s Tesla navigated roads, corners and roundabouts autonomously with relative ease,…

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The lawsuit claims that the company wouldn’t employ refugees or asylum seekers. Space 

US Justice Department Accuses SpaceX of Discriminatory Hiring Practices

Sanjay Patil, ,

SpaceX is facing a lawsuit from the US Department of Justice, which accuses the company of practicing discriminatory hiring against refugees and asylum seekers. The lawsuit claims that these discriminatory practices took place from 2018 to 2022, and alleges that SpaceX falsely used export control laws as a justification for exclusively hiring US citizens and lawful permanent residents. The DOJ began its investigation in 2020 after the department’s Immigrant and Worker Rights Division received complaints of employee discrimination. Kristen Clarke, assistant attorney general for DOJ’s civil rights division, said in…

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Siri, turn on Bioweapon Defense Mode. News 

Tesla’s iPhone App Now Allows Control of Vehicle Through Siri

Adriana Marais, , ,

The latest version of Tesla’s iOS software now allows for easier control of your Tesla vehicle using your iPhone. With the integration of Shortcuts actions, common tasks can now be performed through Siri, in addition to on-screen taps and widgets. This means that you can use Apple’s voice assistant to perform simple tasks like opening trunks or windows, as well as accessing special modes such as Bioweapon Defense Mode. So, if you’ve ever wished to activate this mode by simply talking to your phone, now you can. Hotkeys also enable…

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The leaks showed that the company received thousands of Autopilot complaints over the past years. News 

Tesla Reports Insider Wrongdoing Led to Data Breach Affecting 75,000 People

Adarsh V.K, ,

According to a notification on Maine’s Attorney General website, a Tesla data breach that occurred earlier this year and affected over 75,000 individuals was the result of “insider wrongdoing.” The majority of those impacted, approximately 75,735 people, were likely current or former Tesla employees. In a letter to employees, the company stated that although there is no evidence of the data being misused in a way that could harm them, they are still providing this notice to inform them about the incident and the precautions taken. The breach occurred on…

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As the collaboration between Tesla and Apple deepens, users can look forward to more seamless and efficient ways to interact with their electric vehicles. (REUTERS) News 

Tesla Now Compatible with Apple Shortcuts, Allowing Users to Control Cars with Siri

Adriana Marais, ,

Tesla, known for its groundbreaking electric vehicles, continues to impress its customers with frequent advancements and enhancements. In its latest update, the company has introduced Apple Shortcuts integration, further improving the user experience. This new feature allows Tesla owners to effortlessly automate and utilize Siri for convenient control of their vehicles. It’s truly remarkable, isn’t it? Integration with SIRI According to a report by Electrek, a new update to version 4.24.0 has appeared in the App Store. In this update, Tesla introduced support for Apple Shortcuts. This integration allows Tesla…

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A total of 75,735 people were affected by the data breach. (REUTERS) News 

75,000 Tesla Accounts Compromised Due to Internal Misconduct

Febin Mathew

According to a notice released by the office of the Maine Attorney General on Friday, Tesla Inc.’s May data breach, which involved employee-related records, affected over 75,000 individuals and was caused by “insider misconduct.” A total of 75,735 people were affected by the data breach, including nine Maine residents. The people appear to be current or former employees of the Austin, Texas-based automaker. “On May 10, 2023, a foreign media outlet (named Handelsblatt) informed Tesla that it had obtained Tesla’s confidential information,” according to Tesla’s Aug. 18 letter accompanying the…

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The Tesla maker didn’t make any changes to its driver-assistance technology to account for crossing traffic in the nearly three years (REUTERS) News 

Engineers Claim Tesla Failed to Address Autopilot Issues After Fatal Accident

Nitin Misra,

According to engineers from Tesla Inc., the company did not address the restrictions in its Autopilot system after a tragic accident in Florida in 2016, which resulted in the death of a driver. This information has come to light in a lawsuit filed by a family regarding a strikingly similar fatal collision in 2019, which is now set to be decided by a jury. The electric car maker made no changes to its driver-assistance technology to accommodate cross traffic in the more than three years between two high-profile accidents that…

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Clicking a link on X to one of the affected websites resulted in a delay of about five seconds before the webpage loaded, the Washington Post reported. (REUTERS) News 

X of Elon Musk Prevents Access to New York Times, Instagram, Facebook, and More

Jim Hendler, , , , , ,

According to a report from the Washington Post on Tuesday, Social media company X, previously recognized as Twitter, has postponed the availability of links to content from Reuters, New York Times, and competitors such as Bluesky, Facebook, and Instagram. Clicking on X’s link on one of the affected websites resulted in a delay of about five seconds before the webpage loaded, the Washington Post reported, citing tests it conducted on Tuesday. Reuters also saw a similar delay in tests it ran. By late Tuesday afternoon, X appeared to have cleared…

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Tesla introduced new base models S and X for $10,000 or less. (REUTERS) News 

Tesla Introduces Cheaper S and X Models

Sanjay Patil,

Tesla Inc. has introduced lower-range versions of its Model S sedan and Model X sport utility vehicle, which are now available at a reduced price of $10,000 compared to their previous base prices. The Standard Range Model S starts at $78,490 and offers an estimated range of 320 miles (515 kilometers), while the Standard Range Model X starts at $88,490 and has a range of 269 miles on a charge, Tesla’s website shows. As the oldest and most expensive vehicles in Tesla’s lineup, Model S and X are not nearly…

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