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Tesla News
Global Fintech Series
3h
220
Image Credit: Global Fintech Series
Banking on AI for Efficiency – no matter which way the regulatory winds are blowing
- Efficiency is a hot topic, with a focus on improving government efficiency and industry giants like Meta and Tesla laying off employees for efficiency reasons.
- Financial services firms are investing in AI for efficiency, such as Citigroup's $1 billion efficiency push and JPMorgan Chase's focus on innovation with cost control.
- Efficiency can involve cutting spending on non-essential items or signaling a desire for less regulatory oversight.
- Implementing AI requires addressing challenges like data quality, availability, and focusing on ROI, accuracy, and sustainability to avoid sabotaging long-term potential.
- Steps for improving efficiency include investing in energy-efficient data centers, tagging data for easy retrieval, storing data optimally, and incentivizing operational efficiency with AI tools.
- Financial services must balance efficiency with trust, as the industry relies heavily on trust from clients when handling their money and data.
- Maintaining vigilance in efficiency, sustainability, and trust is crucial, irrespective of regulatory swings in the financial services sector.
- Efficiency should not compromise accuracy, sustainability, and trust, and steps like optimizing data infrastructure, data tagging, and protecting sensitive data should be prioritized.
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13 Likes
Insider
3h
249
Image Credit: Insider
3 members of the 'Tesla mafia' share what they learned from Elon Musk's company
- Many former Tesla employees have founded their own startups after leaving the company, with some now rivalling Tesla in different industries.
- Former employees share insights on what they learned from their experiences at Tesla, known as the 'Tesla mafia'.
- Tesla's work culture encourages engineers to tackle big problems with freedom and responsibility, allowing for innovation and quick decision-making.
- The intense work culture at Tesla, characterized by long hours and tight deadlines, is balanced by the opportunity to work on challenging problems.
- Former employees reflected on the demanding nature of working with Elon Musk, where failure was not tolerated.
- The culture at Tesla, while intense, fosters innovation, tech risk-taking, and collaboration with talented individuals.
- Starting a new company is often more appealing than joining a competitor for former Tesla employees, due to the entrepreneurial spirit cultivated at Tesla.
- Lessons learned at Tesla include quick innovation while maintaining scalability and adherence to regulations for product development.
- Tesla provided a unique experience of working on big projects at scale under tight deadlines, fostering learning and growth for employees post-Tesla.
- The 'Tesla mafia' founders highlight the trifecta of speed, scale, and innovation at Tesla, which sets it apart from other companies in terms of building hard things quickly.
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15 Likes
Evannex
6h
270
Image Credit: Evannex
Tesla offers acceleration boost upgrade for the new Model Y
- Tesla is offering the owners of the new Model Y the option to purchase an Acceleration Boost upgrade for faster acceleration.
- The $2,000 optional upgrade reduces the 0-60 mph time by 0.4 seconds on the new Model Y Long Range AWD.
- This Acceleration Boost adds 100 horsepower to the new Model Y Juniper, enhancing its performance.
- The upgrade is currently available for Model Y Long Range AWD in the US and Canada, priced at $2,000 and CA$ 2,700 respectively.
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16 Likes
CarExpert
1d
338
Image Credit: CarExpert
The car brands that keep their sales figures secret in Australia
- In Australia, not all car brands share their sales figures with the Federal Chamber of Automotive Industries' VFACTS report, leading to incomplete data on total new vehicle deliveries.
- Brands like Cadillac, GMC, Deepal, Ineos, Mahindra, Smart, Xpeng, Tesla, and Polestar do not disclose their sales numbers in the monthly VFACTS report, affecting the overall accuracy of industry figures.
- General Motors Australia and New Zealand (GM ANZ) has chosen not to report sales figures for Cadillac and GMC vehicles, focusing instead on Chevrolet-badged models through GM Specialty Vehicles.
- Deepal, a Chinese brand, aims to start reporting its sales to VFACTS from the second half of 2025, as it expands its presence in the Australian market with electric SUVs.
- Ineos Automotive, Mahindra, Smart, Xpeng, Tesla, and Polestar are among the brands that have not shared their sales data with VFACTS, impacting the visibility of their performance in the market.
- Tesla, notably the top-selling EV brand in Australia, ceased reporting its delivery numbers in VFACTS reports after July 2024 and switched to disclosing figures exclusively to the Electric Vehicle Council's report.
- Polestar withdrew from FCAI membership over disagreements on emissions standards, leading to the brand exclusively reporting sales figures to the EVC and not to VFACTS.
- These brands' decision to keep their sales figures confidential in the VFACTS report poses challenges for accurately assessing the automotive market in Australia.
- As a result, there is a lack of comprehensive data on the sales performance of certain car brands, especially in the growing electric vehicle segment.
- The absence of sales figures from significant players like Tesla, Xpeng, and Mahindra hinders a complete understanding of market trends and consumer preferences in the Australian automotive industry.
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20 Likes
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Evannex
2d
128
Image Credit: Evannex
Tesla Model Y Robotaxis spotted testing ahead of June's launch in Austin, Texas
- Multiple Tesla Model Y electric SUVs with rooftop equipment were spotted testing in Austin, Texas.
- The vehicles, including 1st-gen and 2nd-gen Model Ys, were seen with different testing and validation hardware.
- Tesla is gearing up for the launch of its Robotaxi service, planning to deploy up to 1,000 robotaxis in Austin.
- Elon Musk aims to start the unsupervised Tesla Robotaxi service in Austin by June, but potential delays may extend the launch till the end of June (2025).
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7 Likes
Bitcoinist
2d
43
Image Credit: Bitcoinist
Mining On Wheels: Gemini Powers Bitcoin With A Cybertruck
- Gemini brought a Tesla Cybertruck named the 'Cyberbeast' to the Bitcoin 2025 Conference, showcasing a live Bitcoin mining demo.
- The Cybertruck powered a Bitaxe Gamma miner through its own battery pack, connecting over Wi-Fi and needing a normal household outlet only.
- Over 10,000 open-source Bitaxe miners sold by Solo Satoshi in April added more than 10 petahashes to the global Bitcoin network.
- Gemini linked the Cybertruck mining demo to a sweepstakes for two Cybertrucks valued at $113,735 each, encouraging entries through Gemini Credit Card use or trading on the Gemini Exchange.
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2 Likes
TechCrunch
2d
122
Image Credit: TechCrunch
TechCrunch Mobility: A ride-sharing pioneer comes for Uber, Tesla loses more ground, and dog-like delivery robots land in Texas
- Article covers various topics in the mobility sector, including news on Zoox recall, Stellantis-Amazon partnership update, and startup-funding deals.
- Carma Technology filed a patent infringement lawsuit against Uber, alleging infringement on five patents related to ride-sharing, presenting a challenging case for Uber.
- Bedrock Robotics, a new autonomous vehicle technology startup led by Boris Sofman, aims to retrofit self-driving kits onto construction equipment and heavy machinery.
- Deals included Firefly Aerospace receiving $50 million investment, Pallet securing $27 million in Series B funding, and Volteras closing an $11.1 million Series A round.
- Way Data Technologies, a fleet management startup, raised €2.6 million in pre-seed funding, while Rivr introduced a delivery robot pilot program in Austin, Texas.
- TuSimple (now CreateAI) sent sensitive data to a Beijing-owned firm, violating a national security agreement, and Zoox issued a voluntary software recall after a collision with an e-scooter rider.
- Tesla Cybertruck faces challenges with unsold units in Detroit, while Tesla sales in Europe and the U.K. dropped significantly, and four former Volkswagen executives received prison sentences for their role in the emissions cheating scandal.
- Amazon ended its collaboration with Stellantis for in-car software, with Stellantis shifting to an Android-based system instead.
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7 Likes
Insider
2d
189
Image Credit: Insider
Inside Amazon's radical redo of the 'Everything Store'
- Amazon, under CEO Andy Jassy, has initiated a project known as "Bend the Curve" to clean up and update its online marketplace, addressing cluttered and outdated product listings.
- The company's strategy of offering infinite product selection has contributed to its growth as the largest retailer in the Western world, surpassing Walmart in sales.
- Removing billions of unproductive product listings not only improves user experience and avoids confusion but also leads to significant cloud savings for Amazon.
- However, there have been internal debates at Amazon regarding this massive overhaul of the online marketplace.
- While some fear a potential decline in Amazon's distinct advantage, the move aims to enhance the quality and relevance of product listings to better serve customers.
- Meanwhile, new data indicates that stock-based compensation in Big Tech companies might face pressure, impacting tech employees' pay.
- The article also delves into Microsoft's cloud business, Walmart's significant partnership, and Meta's foray into virtual reality and retail stores.
- In the realm of AI, Tesla's use of thousands of chips in data centers for training AI models and developments in fully autonomous driving are highlighted.
- User feedback is encouraged, particularly on experiences with Amazon's marketplace, to provide insights on any observed improvements or changes in product selection.
- Readers can reach out to Eugene Kim at [email protected] to share their perspectives and feedback.
- Overall, Amazon's 'Bend the Curve' project reflects a strategic shift to refine its vast online marketplace by streamlining product listings and enhancing user experience.
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11 Likes
Libsyn
23h
97
Image Credit: Libsyn
Episode 513: Tesla Robotaxis Get Ready in Austin
- Tesla is preparing for the first driverless robotaxi rides in Austin, Texas.
- Tesla offers a two-day test drive option for any car of choice.
- Rivian takes a significant step towards full production of the R2 model.
- Listeners can support the podcast through Patreon for exclusive benefits.
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5 Likes
Teslarati
1d
158
Image Credit: Teslarati
Tesla to lose 64 Superchargers on New Jersey Turnpike in controversial decision
- Tesla is set to lose 64 Superchargers on the New Jersey Turnpike after the NJ Turnpike Authority's decision not to renew its contract with the automaker.
- The NJTA chose a sole third-party charging provider and requested Tesla to decommission all 64 Supercharger stalls on the turnpike.
- Despite the decision, Tesla has been preparing for this for three years by building 116 Superchargers nearby to continue providing charging infrastructure.
- Tesla expressed disappointment in the decision as it hampers EV adoption goals and offered to invest in Turnpike sites if the decision is reversed.
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9 Likes
TechCrunch
2d
271
Image Credit: TechCrunch
Elon Musk is lobbying lawmakers on driverless vehicle rules
- Elon Musk is lobbying lawmakers on legislation related to autonomous vehicles, according to Bloomberg.
- Musk and his associates have been contacting members of Congress directly regarding the Autonomous Vehicle Acceleration Act introduced on May 15.
- Tesla, under Musk's leadership, has made significant investments in AI, robotics, and autonomous vehicles, with a future plan to launch a robotaxi service in Austin, Texas.
- However, there are currently no clear federal rules or standards in place to allow full-scale operation of autonomous vehicles like Tesla's proposed Cybercabs.
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16 Likes
The Verge
2d
248
Image Credit: The Verge
Elon Musk departs DC with a black eye and a tattered reputation
- Elon Musk appeared in the White House with a black eye he said he got from rough-housing with his young son.
- Musk is facing challenges as the head of DOGE, with Tesla losing market share and recording a sales decrease.
- His reputation has taken a hit, with a majority of US residents disliking him, and his claims of saving the government a trillion dollars being questioned.
- Reports suggest Musk has been feeling exhausted and there are rumors of Tesla's board searching for a replacement CEO.
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14 Likes
Mensjournal
2d
122
Elon Musk Shows Up With Black Eye to Major Event
- Elon Musk showed up at an event with a visible black eye, causing concern among reporters.
- Musk addressed the issue by humorously stating that his five-year-old son punched him in the face.
- He joked about the incident, mentioning that he wasn't anywhere near France like the situation involving President Macron.
- Despite the speculation, Musk explained that he got the black eye while 'horsing around' with his son.
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7 Likes
Teslarati
2d
276
Image Credit: Teslarati
SpaceX hit with mishap investigation by FAA for Starship Flight 9
- SpaceX is under a mishap investigation by the FAA for its ninth test flight of Starship.
- The investigation focuses on the loss of the Starship vehicle during launch and reentry.
- Debris from the Starship and Super Heavy booster landed within designated hazard areas as confirmed by the FAA.
- Flight 9 was eventful with the reuse of a Super Heavy booster and the loss of both booster and Starship during the flight.
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16 Likes
Teslarati
2d
114
Image Credit: Teslarati
Tesla bull writes cautious note on Robotaxi launch: ‘Keep expectations well contained’
- Tesla analyst Adam Jonas of Morgan Stanley cautions investors regarding the Robotaxi launch details revealed by CEO Elon Musk.
- A report suggested a tentative date of June 12 for Tesla's Robotaxi launch in Austin along with successful testing without a driver.
- Jonas advises to manage expectations and wait for more details before getting too excited about the upcoming launch event.
- Morgan Stanley maintains a $410 price target on Tesla shares with a 'Buy' rating amidst the cautious attitude towards Tesla's Robotaxi launch.
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6 Likes
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