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Tesla News
Siliconangle
1h
228
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Tesla launches autonomous taxi service in Austin with Model Y vehicles
- Tesla launched a small-scale pilot of its autonomous taxi service in Austin, causing its stock to rise over 8%.
- The pilot features about 10 self-driving Model Y SUVs with a range of over 330 miles and up to seven seats.
- Tesla's autonomous driving platform, Fully Self-Driving, is powered by AI models trained with anonymized data from customers' vehicles.
- Tesla's self-driving vehicles use more than half a dozen cameras, unlike some companies like Waymo which utilize cameras, radar, and lidar sensors.
- The autonomous taxis will operate in a limited area in Austin between 6:00 a.m. and midnight, initially available to social media influencers.
- Early videos show incidents where autonomous Model Y vehicles violated traffic laws, potentially raising concerns about the technology's reliability.
- The U.S. National Highway Traffic Safety Administration has investigated Tesla's autonomous driving software due to prior collisions involving enabled software and reports of crashes related to the Smart Summon feature.
- Regulatory scrutiny may impact Tesla's plans to expand the autonomous taxi service to San Francisco and Los Angeles and launch the Cybercab with no steering wheel by 2027.
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Arstechnica
4h
3
Image Credit: Arstechnica
Tesla launches robotaxi service in Austin
- Tesla launched its robotaxi service in Austin, Texas, with about 10 vehicles and a human safety driver on board.
- The launch was low-key and only open to select social media influencers.
- Customers will pay a $4.20 flat fee to use the service.
- The vehicles will operate in limited areas, avoid challenging intersections, and have teleoperators available.
- Elon Musk has stepped back from his US government role to focus on Tesla and the robotaxi service.
- Regulatory scrutiny continues on Tesla's autopilot and self-driving systems.
- The National Highway Traffic Safety Administration is investigating Tesla's claims about its autonomous technology.
- Tesla's robotaxis rely on cameras, unlike competitors such as Waymo that use radar and lidar sensors.
- A group of Democratic lawmakers in Texas urged Tesla to delay the launch until a new autonomous vehicle law is implemented in September.
- Analysts warn that catching up to or surpassing Waymo will be a significant challenge for Tesla.
- Tesla has opened a website for the public to sign up for robotaxi updates.
- The Cybercab robotaxi, unveiled last year, is expected to sell for less than $30,000.
- Tesla has been cautious about safety but aims to expand the service rapidly.
- Waymo remains the only company with a fully public self-driving ride-hailing service in the US.
- Rivals like Waymo and Zoox use remote monitoring systems without safety drivers in the vehicles.
- There are concerns about the accuracy and reliability of Tesla's autonomous system.
- There is uncertainty regarding how quickly Tesla can expand its service and scale up against competitors.
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Teslarati
4h
220
Image Credit: Teslarati
Tesla Robotaxi riders tout ‘smooth’ experience in first reviews of driverless service launch
- Tesla's Robotaxi service launched to a limited number of users in downtown Austin with select individuals gaining early access to the driverless ride-hailing program and the new Robotaxi app.
- Initial riders of the Robotaxi service experienced smooth rides with great awareness of road conditions, safe navigation around pedestrians, and comfortable stops even in busy parking lots.
- Riders reported that the service worked well during both day and nighttime rides, offering benefits like dropping off at difficult-to-park tourist hotspots and providing a familiar and comfortable experience similar to existing Tesla cars with Full Self-Driving (FSD) capabilities.
- The Robotaxi app was praised for its speed and efficiency in sending the vehicle to the user's location once a destination is chosen.
- Feedback from riders has been overwhelmingly positive, with many describing the experience as intuitive, comfortable, and even surreal.
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Insider
5h
82
Image Credit: Insider
'Just kidding': See what happens when you try to tip Tesla's robotaxi
- Tesla's robotaxi service launched to select users in Austin, with an option for riders to tip their non-human drivers.
- When riders try to leave a tip, they discover it's a joke with a message saying 'Just Kidding' and an image of a cyberpunk hedgehog.
- Elon Musk shared the post showcasing the prank, stating, 'Had to been done lol'.
- Tesla launched its robotaxi service in Austin with rides not driven by humans, but with Tesla employees as passengers for safety.
- The introduction of driverless taxis could disrupt the livelihoods of millions of human taxi and ride-hailing drivers.
- Tipping, a controversial issue for drivers and riders, was humorously addressed by Tesla through the in-app joke.
- While tipping is common in various service industries, data indicates that only 28% of rides on Uber and Lyft included tips in a study conducted by Gridwise.
- Gig workers such as Uber and Lyft drivers rely on tips as part of their income.
- Tesla did not immediately respond to requests for comments on the matter.
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Insider
6h
197
Image Credit: Insider
The 3 defining moments behind Tesla stock's wild ride this year
- Tesla stock has been on a wild ride this year, up 28% in February but down 15% overall.
- The volatility was influenced by tariffs, slowing vehicle sales, and Elon Musk's political involvement.
- Despite ups and downs, Tesla's stock performance has revolved around key events this year.
- Elon Musk's political links with Trump led to stock declines and distraction concerns.
- Tesla's global vehicle sales dropped significantly, further impacting stock value.
- Musk's public fallout with Trump added to the stock's recent challenges.
- Shares plunged 14% after Musk clashed with Trump over a tax and spending bill.
- Tesla sales suffered in Europe, China, and the US, adding pressure to the stock.
- Investors are hoping Tesla's robotaxi reveal will help boost the stock post-sales decline.
- The Musk-Trump feud and its impact on Tesla stock have been a recent focus in the market.
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Insider
7h
158
Image Credit: Insider
Tesla stock rises premarket after robotaxi launch — but not as much as Elon Musk might like
- Tesla launched its robotaxi service in Austin on Sunday as an invite-only service initially.
- The company's stocks rose 1.9% in premarket trading on Monday post the robotaxi launch.
- CEO Elon Musk has pledged millions of robotaxis by 2026, emphasizing the importance of successful execution.
- Tesla's stock saw modest gains following the Austin robotaxi launch.
- The robotaxi service in Austin gives select users access to driverless rides for a flat fee of $4.20.
- UBS analysts raised Tesla's target price by $25 to $215 but maintained a 'Sell' rating.
- Musk has touted autonomy as a key driver of Tesla's long-term value, with the robotaxi opportunity likely already factored into the stock price.
- Musk teased the robotaxi launch, showcasing a driverless Model Y earlier this month.
- Competitors like Alphabet's Waymo have already demonstrated autonomous taxis in multiple cities.
- Texas lawmakers aim for stricter regulation of robotaxis, while technical challenges persist.
- Tesla's stock has faced challenges in 2021, dropping nearly 15% due to declining vehicle sales.
- Analysts suggest Tesla's cost-effective, scalable manufacturing model could provide a competitive edge.
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TechJuice
15h
47
Image Credit: TechJuice
Tesla’s Robotaxi hits the road in Austin
- Tesla launched its robotaxi service in Austin, Texas, with restrictions and human 'safety monitors' in the front seat.
- The service operates in a geofenced zone in Austin, deploying Model Y vehicles and excluding certain areas and times.
- Initial users were mainly pro-Tesla influencers, with some facing delays in accessing the app.
- Riders described the app experience as similar to Uber, with uneventful rides and minor glitches reported.
- Musk announced a $4.20 flat fee for the service, aiming to scale up quickly despite competition from Waymo.
- The robotaxi rides were smooth, with an interface reminiscent of Tesla's Full Self-Driving mode.
- Users had access to a support button to connect with a remote operator, though delays were reported.
- Tesla plans to expand the robotaxi service to California, facing regulatory challenges and competition from Waymo.
- Musk envisions reaching 'a thousand robotaxis' operational within 'a few months.'
- The robotaxi launch party featured Tesla's monitoring hub where live feeds from robotaxis were monitored.
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Teslarati
2h
300
Image Credit: Teslarati
Elon Musk commends Tesla team on successful Robotaxi launch
- Elon Musk commended the Tesla team on the successful launch of the Robotaxi platform in Austin, Texas.
- The Robotaxi platform offers driverless rides through a ride-hailing service and has received positive reviews.
- The launch included the introduction of the Tesla Robotaxi app that allows riders to adjust settings and sync entertainment.
- Initial rides have a safety monitor present in the passenger's seat to ensure smooth operation.
- Reviews praised the rides as smooth, comfortable, and efficient in terms of safety and quick acceptance of ride requests.
- Tesla's journey towards the Robotaxi launch involved significant effort in developing Full Self-Driving technology.
- Elon Musk acknowledged the Tesla AI software and chip design teams for their decade of hard work in achieving the Robotaxi launch.
- Despite prior criticism, the successful launch marks a significant milestone for Tesla's Robotaxi service.
- The Robotaxi service has already conducted hundreds of rides with minimal complaints, showcasing a positive reception.
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Zycrypto
2h
263
Image Credit: Zycrypto
Metaplanet’s Latest Bitcoin Buy Brings Treasury To 11,111 BTC, Could Soon Overtake Tesla’s Stack
- Metaplanet, based in Japan, recently purchased 1,111 BTC worth $118 million amidst a crypto market dip due to geopolitical concerns.
- The acquisition brought Metaplanet's total BTC holdings to 11,111, valued at $1.07 billion, making it the world's eighth-largest corporate holder of Bitcoin.
- Metaplanet aims to accumulate 100,000 BTC by 2026, having revised its target recently and currently being 11% away from that goal.
- The company is also 36% towards its shorter-term objective of gathering 30,000 BTC by the end of this year.
- Modeling its strategy after Michael Saylor, Metaplanet serves as a publicly traded entity for Bitcoin exposure in Asia.
- Its current BTC holdings are now close to surpassing Tesla's stack of 11,509 BTC, with just 398 BTC needed to overtake Tesla.
- Metaplanet envisions accumulating 210,000 BTC by 2027, equivalent to around 1% of Bitcoin's fixed supply.
- To reach its 100,000 BTC target, Metaplanet needs to acquire approximately 89,000 more coins in the next 18 months.
- Despite its Bitcoin accumulation strategy, Metaplanet is among the most shorted stocks in Japan, with analysts suggesting a high valuation based on BTC price.
- CEO Simon Gerovich responded to claims of being the most shorted stock, questioning the viability of betting against Bitcoin.
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Teslarati
7h
108
Image Credit: Teslarati
Tesla Robotaxi rollout proves that Elon Musk still delivers, even if it’s late
- Tesla has successfully rolled out its Robotaxi service in Austin with a small fleet of cars in a geofenced area in Texas.
- Elon Musk has fulfilled his promises, proving he can deliver even if late, making the impossible seem late.
- After years of predictions, Tesla's Robotaxi rollout finally happened in Austin.
- Customers used the Robotaxi service at a flat fee of $4.20 per ride.
- Elon Musk congratulated the Tesla AI team for the successful Robotaxi launch.
- The debate over Tesla's vision-only approach has subsided with successful Robotaxis navigating city streets using AI and cameras.
- Initial feedback from Tesla owners who experienced the Robotaxi rides praised the safe and smooth operation of the driverless cars.
- The Robotaxi service aims to provide a natural and safe driving experience for users.
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Silicon
8h
278
Image Credit: Silicon
Tesla Launches Robotaxi Service In Austin
- Tesla quietly launched its robotaxi service in Austin, Texas for select individuals at a flat fee of $4.20, not open to the public yet.
- Elon Musk and Tesla announced the launch through X (formerly Twitter), praising the teams for a decade of hard work.
- Tesla's robotaxi service initially operates without the two-seater 'Cybercab' and with a human 'safety monitor' with a kill switch.
- The service uses 10 to 20 Model Y Tesla vehicles in a geofenced area avoiding highways, airports, and complex intersections.
- Additional backup such as chase cars and remote drivers are present in some cases to ensure safety.
- Musk's history of missing self-imposed deadlines for self-driving technology deployment with Tesla cars was highlighted.
- Tesla's current Full Self-Driving (FSD) system is classified as level two, requiring driver alertness and hands on the wheel.
- Competition in the robotaxi sector includes Waymo by Alphabet, planning expansion with over 1,500 driverless vehicles and Amazon's Zoox testing in Austin and Miami.
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Evannex
9h
99
Image Credit: Evannex
Tesla’s Next Big Move Has Nothing to Do With Cars
- Tesla signed a $556 million deal in China to build a large-scale battery storage plant for energy storage, not for electric vehicles.
- The plant in Shanghai will produce Tesla Megapacks, which store electricity for neighborhoods, factories, and utility grids.
- Each Megapack can hold over 3 megawatt-hours of energy, enough to power about 3,600 homes for an hour.
- China's focus on renewable energy and grid stabilization makes it an ideal location for Tesla's energy storage plant.
- Tesla's energy division is growing rapidly, with plans to deploy 40 gigawatt-hours of energy storage per year in Shanghai.
- This shift shows Tesla evolving into a major energy company, not just a car manufacturer.
- Increasing energy storage capacity can lead to fewer blackouts, better EV charging, and stronger support for renewables like solar and wind power.
- The investment in energy infrastructure demonstrates Tesla's commitment to sustainable energy solutions.
- The $556 million battery project signifies an important step in Tesla's future development and growth in the energy sector.
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Moneyweb
11h
140
Tesla starts long-awaited Robotaxi service with low-key rollout
- Tesla has quietly launched its long-awaited driverless taxi service in Austin.
- The initial robotaxi trips were limited to a small area of Austin with Tesla employees monitoring the operations.
- Chosen riders for the service included investors and social-media influencers who shared their experiences online.
- The launch was less publicized compared to past Tesla events, relying more on word of mouth and media coverage.
- Elon Musk is focusing Tesla on self-driving vehicles and humanoid robots to boost the company following a sales decline.
- The robotaxi service is seen as critical for Tesla's future, with a significant portion of the company's valuation attributed to self-driving technologies.
- Videos of the robotaxi launch showed Model Y SUVs driving autonomously, handling intersections, and parking.
- Initially, riders are charged a flat rate of $4.20 per trip within a limited geofenced area from 6 a.m. to midnight daily.
- The robotaxi launch is a crucial test for Tesla as it aims to demonstrate safe navigation in real-world traffic with a small fleet.
- While Tesla has not specified a public launch date, Elon Musk plans to quickly expand the service to other U.S. cities.
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TechDigest
13h
181
Image Credit: TechDigest
Perplexity: the $14 Billion AI Google Killer, TCS denies blame for M&S cyber attack
- Perplexity, a $14 billion AI startup, is considered a threat to Google in search dominance by offering a summarization service.
- Tata Consultancy Services (TCS) denies any involvement in the M&S cyber attack, stating that none of its systems or users were compromised.
- Tesla has launched a robotaxi service in Austin, Texas, with safety monitors in the vehicles despite not being open to the general public.
- A 10-year plan for the UK's NHS includes DNA testing for every baby to screen for diseases, moving towards prevention rather than treatment.
- Internet users are advised to enhance digital security after 16 billion login records were at risk of exposure by cybercriminals through leaked datasets.
- Manufacturers in the EU must now include an energy efficiency label in smartphone and tablet boxes, as Apple starts displaying these labels on its devices.
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TechDigest
13h
224
Image Credit: TechDigest
Tesla rolls out robotaxis in Texas
- Tesla has launched its CyberCab robotaxi service in Austin, Texas, with a flat fee of $4.20 per ride.
- The service is invite-only, using a fleet of 10-20 Model Y vehicles with safety monitors in the front passenger seat.
- Safety monitors can intervene if necessary, with additional backup from chase cars and remote drivers.
- Operating hours are from 6 AM to 12 AM, avoiding highways, airports, and adverse weather conditions.
- The service area in Austin is limited and mapped along the Colorado River, Highway 183, Highways 290 and 71, and Zilker Park.
- Future plans include a fully autonomous CyberCab sedan without a steering wheel, with production set for 2026.
- Tesla aims to expand to Los Angeles and San Francisco, allowing owners to integrate personal vehicles into the fleet.
- Elon Musk expects the robotaxi service to have a significant financial impact for Tesla by mid to late next year.
- Initial rides have been relatively uneventful, with users comparing the app interface to Uber.
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