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Tesla News
Teslarati
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Tesla Board member and Airbnb co-founder loads up on TSLA ahead of robotaxi launch
- Tesla Board member and Airbnb Co-Founder Joe Gebbia purchased $1.02 million worth of TSLA stock.
- This is the first time an insider has purchased TSLA stock in about five years.
- Tesla is expected to launch a robotaxi service in Austin, Texas in June.
- The robotaxi service will initially feature autonomous rides in Model Y units.
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Guardian
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Can US monopoly laws rein in Silicon Valley?
- The European Union fined Apple and Meta for violations under the EU Digital Markets Act, sparking tensions with the US administration.
- US tech giants face significant antitrust scrutiny, with cases filed against Apple, Amazon, Meta, and Google.
- The US antitrust cases threaten the core corporate structure and profits of tech giants, unlike the fines imposed by the EU.
- Regulatory actions in the US could lead to substantial changes in tech companies' operations and consumer experiences.
- Google faces possible divestment of Chrome, which would impact internet user experiences and advertising.
- Tesla reported dismal earnings for the first quarter of 2025, with a 9% drop in revenue and a 71% decline in net income.
- Elon Musk's net worth has decreased, primarily tied to his Tesla ownership, as the company faces challenges in vehicle deliveries and profitability.
- Musk aims to reduce his involvement in Dogecoin starting May, following Tesla's disappointing financial performance.
- Tech news also includes updates on AI-generated child sexual abuse images, lawsuits against Meta, and Apple's plans to source US iPhones from India.
- In other news, US food delivery app DoorDash made a substantial offer to acquire UK rival Deliveroo for $3.6bn.
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Teslarati
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Stellantis unveils solid-state battery for EVs
- Stellantis and Factorial Energy have validated Factorial’s automotive-sized FEST® solid-state battery cells, advancing next-generation EV batteries.
- The FEST® cells achieved an energy density of 375Wh/kg, charge from 15% to over 90% in 18 minutes, and deliver high power with discharge rates up to 4C.
- Stellantis plans to integrate these batteries into a demonstration fleet by 2026 to validate real-world performance and advance commercialization.
- The collaboration aims to enhance vehicle range and affordability, potentially reshaping the EV market with cost-effective, high-range EVs.
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Teslarati
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178
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Tesla China vehicle registrations rise 51% in April’s fourth week
- Tesla China's new vehicle registrations increased by 51% in the fourth week of April.
- In the week ending April 27, Tesla China registered 10,300 new vehicles, showing a significant rise in domestic deliveries.
- Both Tesla Model 3 and Model Y saw an increase in registrations in the same week.
- Model 3 registrations increased by 14% to 3,200, while Model Y registrations rose by 77.5% to 7,100.
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Teslarati
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233
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Volkswagen teams with Uber for robotaxi service with the ID. Buzz
- Volkswagen and Uber have announced a partnership to launch a commercial robotaxi service using autonomous electric ID. Buzz vehicles.
- The service will begin in Los Angeles by late 2026, with human safety operators initially overseeing the fleet before transitioning to fully driverless operations in 2027.
- Volkswagen ADMT, the German automaker's autonomous subsidiary, will start testing in Los Angeles later this year upon securing a testing permit from the California Department of Motor Vehicles.
- The partnership aims to leverage Volkswagen's manufacturing expertise and Uber's ride-hailing network to compete in the growing autonomous vehicle market.
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Eu-Startups
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German Founder fellowship EWOR earmarks €60 million for “Founder prodigies” to scale faster and globally
- Berlin-based EWOR, a Founder fellowship, has committed €60 million to supporting early-stage entrepreneurs, offering selected Founders €500k in capital.
- On average, EWOR alumni have gone on to raise €1-11 million during the fellowship.
- EWOR is run by six entrepreneurs who have built companies worth over €12 billion, including SumUp, Adjust, ProGlove, united-domains, and Sigma Squared Society.
- EWOR accepts just 35 entrepreneurs each year, based on a combination of ML-driven pattern recognition, partner interviews, and evidence-based testing.
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TechJuice
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Tesla Rival IM Motors EV Is Set to launch in Pakistan
- IM Motors, a Tesla rival, is set to launch electric vehicles in Pakistan.
- MG Motors Pakistan, a joint venture between SAIC Motors and JW SEZ Group, will be the official distributor of IM Motors electric vehicles in Pakistan.
- IM Motors, founded in 2020, specializes in luxury intelligent electric vehicles and competes with Tesla and other global brands.
- The partnership between IM Motors and MG Motors Pakistan reflects Pakistan's accelerating transition towards smart and sustainable mobility.
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Teslarati
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These automakers are pushing to overturn California’s gas car ban
- A lobbying group made up of automakers is pushing Congress to overturn California's gas car ban.
- The Alliance for Automotive Innovation (AAI) sent a letter to Congress requesting the overturning of the waiver granted to California, allowing it to set its own emissions rules.
- The U.S. House of Representatives will vote on overturning the waiver this week, which could affect the 11 other states with similar plans.
- The automakers argue that the gas car ban would lead to reduced vehicle options, higher prices, and decreased competition.
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Pymnts
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Uber CEO Says Robots Could Replace Human Drivers by 2040
- Uber CEO, Dara Khosrowshahi, predicts that robot drivers will replace human drivers in 15 to 20 years.
- The main reason for the transition is that robot drivers are expected to be safer than human drivers.
- However, for autonomous vehicles to become ubiquitous, a consistent regulatory environment, ground operations, and lower costs are necessary.
- Khosrowshahi believes that ridesharing will eventually beat personal car ownership in a world with autonomous vehicles.
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Teslarati
2w
30
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Neuralink’s third brain chip patient shares first video edited with BCI
- Elon Musk's Neuralink has installed its brain-chip interface (BCI) into a third human patient.
- The patient, Bradford G Smith, shared a video detailing his experience and the benefits of the BCI.
- The BCI has helped Smith regain control of external devices and his ability to communicate through AI.
- Neuralink aims to restore autonomy to paraplegic individuals by using the BCI and external devices.
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Insider
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Image Credit: Insider
5 charts that show Elon Musk and Tesla's struggles during Trump's first 100 days
- Elon Musk's ties to Trump have negatively affected Tesla's brand and sales.
- Tesla stock has declined significantly since Trump's inauguration.
- Used Tesla vehicle prices have dropped 10% year-over-year in March due to political protests and sagging new sales.
- Tesla's net income has dropped by 57% and auto revenue was down 20% last quarter.
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Teslarati
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Tesla fends off new attack that will hurt consumers more than anyone else
- Lawmakers in New York are attempting to shut down Tesla showrooms, forcing the company to sell through dealer franchises.
- The move is politically motivated and seen as retaliation against Elon Musk due to his affiliation with President Trump.
- This action would hurt consumers and make the direct-to-consumer sales platform that Tesla has used for years obsolete.
- Tesla has been targeted with vandalism in the past, but this attack poses a greater risk to consumers.
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Teslarati
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393
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Tesla posts Semi factory update, shares new Semi logo design
- Tesla has posted an update video on the construction of its Semi factory near Giga Nevada.
- The factory is designed with an annual capacity of 50,000 units and the first units are set to be on the line by the end of this year.
- The video also featured the new logo of the Tesla Semi, which has the word 'Semi' written in a futuristic thin font with the 'E' written with three horizontal lines.
- The update signifies that electric trucking is ready to scale and Tesla's progress in the production of its Class 8 all-electric truck.
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Teslarati
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393
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Berlin Senator calls Tesla “Nazi” cars, pisses off Brandenburg because Giga Berlin is a giant employer
- Cansel Kiziltepe, the Berlin Labor Senator, called Tesla cars 'Nazi cars' in a now-deleted post on social media.
- The comment received significant backlash, especially from officials in Brandenburg where Tesla Gigafactory Berlin is the largest employer.
- Daniel Keller, Brandenburg's Minister of Economic Affairs, called the Nazi comparison hurtful and inappropriate, highlighting the importance of the employment and value creation brought by the Tesla factory.
- Other officials and organizations, including Brandenburg's Minister-President, expressed anger and criticized Kiziltepe's comments as a dangerous relativization of Nazi terror and an affront to Tesla employees.
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Teslarati
3w
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Tesla Sweden defies unions again by opening yet another Supercharger
- Tesla Sweden recently opened another Supercharger in the Municipality of Ödeshög, defying the country's unions.
- The new Supercharger offers rapid charging services not only to Tesla owners but also to other electric vehicle brands.
- Located near the E4 highway exit, the site features 12 Supercharger V4 stalls providing up to 250 kW.
- Tesla's ability to work around union efforts to block Supercharger installations has resulted in three new Supercharger stations in just two weeks.
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