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Tesla News
Insider
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Tesla's first fully autonomous car drove itself to its new Texas owner, doing 72 mph on the highway, an engineer says
- Tesla's first fully autonomous Model Y drove itself to its new owner in Texas, reaching speeds of 72 mph on the highway, according to a Tesla engineer.
- Elon Musk announced the accomplishment, highlighting that it was a fully autonomous delivery with no people in the car or remote operators controlling it.
- While Musk's claim of being the first self-driving car on a highway isn't entirely accurate, this achievement is significant for Tesla, given the delays in launching Full Self-Driving technology.
- Waymo autonomous cars also have plans for freeway testing, and self-driving freight trucks from Aurora have been operating in Texas, including on highways with similar speed limits.
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The Robot Report
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Tesla launches Robotaxi service in Austin
- Tesla has officially launched its Robotaxi service in Austin, Texas, equipped with Full Self-Driving software.
- The service is limited to select investors and influencers and operates with a safety monitor present during all rides.
- Riders pay a flat fee of $4.20 per ride, but issues like veering into oncoming traffic lanes and drop-off problems have been reported.
- Despite some reported issues, initial feedback from riders has been mostly positive, with the service attracting Tesla fans, investors, and automotive influencers.
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Teslarati
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A Tesla just delivered itself to a customer autonomously, Elon Musk confirms
- A Tesla vehicle has autonomously delivered itself to a customer for the first time ever, confirmed by Elon Musk one day ahead of schedule.
- The car rolled off the production line at Gigafactory Texas and drove to the customer without any onboard assistance or remote control.
- The fully autonomous delivery involved no people in the car or remote operators controlling it on a public highway, reaching speeds of up to 72 miles per hour.
- Tesla has recently introduced its Robotaxi in Austin, with plans to potentially have every vehicle self-deliver to customers in the future.
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TechCrunch
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TechCrunch Mobility: The Tesla robotaxi Rorschach test and Redwood’s next big act
- Tesla has launched robotaxis in Austin for a limited-run test with safety monitors.
- Initial social media feedback showcases erratic driving behavior, prompting safety concerns.
- The rollout incites contrasting reactions, viewed as either Tesla's hubris or competitors' downfall.
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Teslarati
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Tesla dispels reports that it hired ex-Cruise Autonomy head Henry Kuang
- Tesla has denied reports of hiring ex-Cruise Head of Autonomy, Henry Kuang, for the position of Director of AI and Deep Learning for Autonomous Driving.
- Rumors circulated about Kuang's appointment, fueled by a fake LinkedIn profile created for him, which has since been removed.
- Recent high-level turnover at Tesla includes the departure of Omead Afshar, known as Elon Musk's right-hand man, and Jenna Ferrua, Tesla's Human Resources Head in Austin.
- Tesla recently launched its Robotaxi platform, offering driverless rides to the public for the first time.
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Teslarati
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JB Straubel’s Redwood launches energy business focused on second-life EV batteries
- Redwood Materials, founded by Tesla co-founder JB Straubel, has launched Redwood Energy to repurpose used electric vehicle batteries into large-scale energy storage systems.
- Redwood Energy aims to extract value from discarded EV battery packs that retain over 50% capacity, repurposing them for stationary storage applications before recycling.
- The business has deployed a 12 MW, 63 MWh microgrid powered by second-life EV batteries, offering lower-cost energy storage solutions compared to conventional methods.
- Redwood Energy plans to scale up its efforts, with over 1 GWh of reusable batteries in the deployment pipeline, expected to grow to 5 GWh in the next year, to meet the increasing demands of AI-driven grids.
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TechCrunch
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Big Tech lands an early win in legal battles against publishers
- Federal judges sided with Meta and Anthropic in separate lawsuits over training AI models on copyrighted material.
- The rulings provide legal validation for AI companies arguing that training models on creative works can be considered 'fair use.'
- The decisions could impact how AI companies engage with industries, but appeals and broader challenges are anticipated.
- On TechCrunch's Equity podcast, discussions also covered Kalshi's $185M funding, a startup focused on reusable satellites, and Tesla's robotaxi rollout in Austin.
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Insider
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The 'TAMPON' trade is a new Big Tech investment idea. How did it perform against ChatGPT's stock-picking abilities?
- In response to US bombing Iran, ChatGPT's Deep Research tool predicted a global "risk-off" reaction, recommending trades to make money from June 23 to June 26.
- ChatGPT advised buying Lockheed Martin and Exxon Mobil due to expected benefits from increased military tensions and higher oil prices, respectively.
- It also recommended buying gold and shorting Delta Air Lines and the S&P 500 to profit from geopolitical uncertainties.
- However, ChatGPT's predictions did not perform well as Lockheed, Exxon, gold, Delta Air Lines, and the S&P 500 all moved in the opposite direction. In comparison, tech analyst Dan Ives's TAMPON trade, including Tesla, Amazon, Microsoft, Palantir, Oracle, and Nvidia, outperformed ChatGPT in the same period.
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Teslarati
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Tesla gets $475 price target from Benchmark amid initial Robotaxi rollout
- Benchmark reiterated a 'Buy' rating on Tesla stock and raised its price target from $350 to $475 per share, citing the initial Robotaxi service deployment.
- Analyst Mickey Legg praised Tesla's safety-first approach with the Robotaxi service, highlighting potential growth and regulatory trust.
- Benchmark supports Tesla's vision-only approach to autonomous driving, contrasting it with competitors' costly sensor-based solutions.
- The firm believes in Tesla's evolution into a robotics and automation powerhouse, with initiatives like humanoid robot Optimus driving future growth.
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Insider
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Things just keep getting more difficult in China for Elon Musk's Tesla
- Tesla is facing increased competition in China as local rivals gain market share and momentum.
- Xiaomi's YU7 SUV received nearly 300,000 orders in an hour, posing a significant threat to Tesla's Model Y with its competitive pricing and appealing features.
- Tesla's China sales fell by 18% and its top manufacturing executive reportedly left the company, indicating internal turmoil amidst growing challenges.
- Xiaomi's successful entry into the EV market with an integrated digital ecosystem is seen as a major threat to Tesla's dominance in China and globally, despite Tesla's reputation for excellent EVs.
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Evannex
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Tesla Robotaxi Influencer Reviews Are In: Here's What Testers Are Saying
- Tesla launched its Robotaxi service in Austin, Texas on June 22, 2025, with a small fleet of Model Y vehicles equipped with Full Self-Driving (FSD) software.
- Influencers and early testers have shared their experiences with the service, with YouTuber Farzad Mesbahi praising the autonomous driving capabilities of the vehicles.
- While some testers reported minor glitches like wrong turns and speed limit exceedances, overall feedback has been positive, showcasing a major leap forward in autonomous driving.
- Despite some concerns raised by safety advocates and regulators, Tesla's stock rose over 8% after the launch, indicating a significant market response to the Robotaxi service.
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Insider
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Xiaomi says it received over 200,000 orders for a new car it priced just below Tesla's Model Y in 3 minutes
- Xiaomi launched the YU7 car undercutting Tesla's prices, selling more than 200,000 units within three minutes of its Beijing launch.
- The YU7, priced at $35,000, aims to compete with Tesla's Model Y in China, and Xiaomi's stock rose by as much as 8% in Hong Kong following strong demand.
- Xiaomi's founder and CEO, Lei Jun, challenged Tesla during the launch event, stating they wouldn't accept defeat in the comparison.
- The YU7 is Xiaomi's second car and part of the EV price war in China, with Chinese players undercutting Tesla's prices and gaining market share.
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CarExpert
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World’s largest EV maker BYD slows production – report
- BYD, the world's largest electric vehicle (EV) maker, has reportedly slowed production at its Chinese factories due to slower growth than expected in its home market after significant price cuts.
- The company has canceled night shifts at some plants and reduced capacity by up to one third, suspending plans for new product assembly lines.
- Despite sales targets aiming for 5.5 million in 2025, BYD had only sold 1.76 million cars globally by the end of May 2025, indicating slower sales performance.
- The China Association of Automobile Manufacturers reported only 0.2% growth for BYD in May 2025, the lowest since February 2024, with concerns raised over excess stock and financial subsidies for new-car sales in China.
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Insider
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Redwood Materials diverts its huge battery hoard toward the AI energy boom
- Redwood Materials launches Redwood Energy to repurpose used batteries for AI power needs.
- Data centers near Redwood's Nevada campus require more power, leading to sustainability efforts.
- Redwood Energy transforms EV batteries into energy storage systems, addressing growing energy demands.
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CarExpert
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Toyota RAV4 topples Tesla Model Y as world’s best-selling car
- The Toyota RAV4 has surpassed the Tesla Model Y as the world's best-selling car, with a margin of fewer than 3000 cars, as reported by JATO Dynamics.
- In 2024, the RAV4 achieved 1,187,000 global sales with an 11% increase, while the Model Y experienced a 3% sales drop with 1,185,000 units sold.
- This marks a reversal from the previous year, where the Model Y led in sales. Toyota's success is noteworthy as it approaches the end of its current generation, with a new model planned for 2026.
- Despite production pauses impacting Tesla's sales, the RAV4 maintained its lead. Other top-selling vehicles include the Toyota Corolla Cross and the Honda CR-V.
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