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Tesla News
Cultofmac
3w
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Tesla fires up long-awaited Apple Watch app
- Tesla has launched its first Apple Watch app, allowing owners to use their watch as a digital key for their vehicles.
- The app also enables users to view battery charge levels, control climate settings, and open the front trunk remotely.
- Tesla's holiday software update includes other features such as access to Dashcam and Sentry Mode recordings, enhanced navigation system, and reverse cross-traffic alert.
- Cybertruck owners get exclusive features like 'Santa Mode' and customizable appearances, while entertainment features include holiday-themed light shows and enhanced 'fart' feature.
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Teslarati
3w
65
Image Credit: Teslarati
Tesla turns a bear into a bull with massive narrative and price target switch up
- Craig Irwin of Roth MKM has upgraded shares of Tesla from Neutral to Buy and increased the price target to $380.
- Irwin cites several reasons for the upgrade, including Tesla's potential gains from President-elect Donald Trump's policies and the removal of the $7,500 EV tax credit.
- He also mentions the boost in demand from conservative voters, who might be swayed to support EVs, especially those built by Tesla.
- Tesla's stock is currently trading at $354.46.
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Macrumors
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Image Credit: Macrumors
Tesla App for Apple Watch Coming This Month
- Tesla will soon release an Apple Watch app that allows users to unlock and control their vehicles.
- Owners will be able to lock, unlock, and control their car's features using the Apple Watch app.
- The app will provide functions previously limited to the smartphone app, such as opening the trunk and frunk, checking battery status, and adjusting climate control settings.
- This update is part of Tesla's annual holiday update, which also includes improvements to navigation and remote access to Sentry Mode recordings.
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Teslarati
3w
197
Image Credit: Teslarati
Tesla launches Holiday Update: Apple Watch app, Sentry Mode upgrades, and more
- Tesla has launched its Holiday Update for 2024, introducing new features and improvements
- The most requested feature is the addition of an app for the Apple Watch, allowing owners to use the watch as a phone key and view battery charge
- Dashcam and Sentry Mode footage can now be saved to the Tesla app, enabling owners to edit and share the clips
- Other features include Autoshift between Drive & Reverse, SiriusXM availability, precipitation map, rear cross-traffic alerts, Cybertruck customization options, and more
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CarExpert
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92
Image Credit: CarExpert
Out-of-control Tesla crashes into cars, plunges off carpark roof
- A Tesla Model S crashed into two cars and plunged off the roof of a Sydney carpark.
- Dashcam footage shows the Tesla colliding with a Toyota LandCruiser and the camera car.
- The Tesla then hit a metal barrier, penetrated it, and fell into the loading dock below.
- Fortunately, both occupants of the Tesla sustained only minor injuries.
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Digitaltrends
3w
246
Image Credit: Digitaltrends
Might be time to buy EVs, laptops and smartphones ahead of Trump tariffs
- Price hikes are expected on consumer goods due to potential tariffs imposed by the incoming Trump administration.
- Cars, particularly those produced in Mexico and Canada, may see price increases of $2,100 to $10,000.
- Electric vehicles (EVs) could face tariff-induced price hikes and the end of the federal tax incentive, resulting in an average price increase of at least 20%.
- Laptops, tablets, household appliances, video game consoles, and smartphones may also experience significant price increases.
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Teslarati
3w
312
Image Credit: Teslarati
Tesla FSD V13.2 users share first drive impressions
- Tesla FSD (Supervised) V13.2 is the most capable build of the advanced driver-assist system so far.
- Users report that FSD V13.2 can be engaged and disengaged while the vehicle is in Park.
- Testers share impressive experiences of FSD V13.2, including autonomous driving on snow-covered dirt roads and parking itself.
- The latest build of FSD is described as smoother than any Uber ride and performs U-turns and unprotected left turns like a human driver.
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Teslarati
3w
374
Image Credit: Teslarati
Tesla updates order page with real-world FSD demo videos
- Tesla's order page now includes real-world FSD demo videos.
- The videos depict FSD system navigating from one location to another.
- Tesla clarifies that FSD is not fully autonomous at present.
- Tesla has been using real-world videos to promote FSD capabilities.
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Teslarati
3w
246
Image Credit: Teslarati
China invests ~$1 billion in Bolivia’s lithium
- Chinese consortium CBC has signed an agreement with Bolivia's government to extract lithium.
- CBC will build two direct lithium extraction plants with an investment of at least $1 billion.
- The Bolivian government will hold a 51% stake in the plants located in the Uyuni salt flat.
- The lithium extraction plants are expected to produce 35,000 metric tons of lithium annually.
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Teslarati
3w
193
Image Credit: Teslarati
Tesla initiates new sales push for immediately available vehicles
- Tesla is making a sales push to clear out its inventory of vehicles.
- The company is offering year-end promotions to incentivize customers to take immediate delivery of available inventory vehicles.
- Customers will receive three months of free Supercharging and Full Self-Driving (Supervised) when purchasing a vehicle before the new year.
- Tesla aims to exceed its 2023 delivery figures by delivering about 515,000 vehicles in the fourth quarter.
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Teslarati
3w
8
Image Credit: Teslarati
CATL dives into batteries for power grids
- China's biggest EV cell supplier, CATL, plans to develop and manage green energy power grids for various sectors.
- CATL founder Robin Zeng believes zero-carbon electric grids could be ten times larger than EV batteries.
- CATL currently holds a 37% global market share for electric vehicle batteries.
- Tesla's energy division, Tesla Energy, has already exceeded battery deployment expectations and reported a record gross margin in Q3 2024.
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Teslarati
3w
409
Image Credit: Teslarati
BYD Indonesia expected to help electrify taxi fleets
- BYD's arrival in Indonesia is expected to help electrify taxi fleets, according to PT Blue Bird, Indonesia's largest taxi operator.
- Blue Bird hopes that BYD's investment will lead to a significant reduction in the price of electric vehicles.
- Tesla's Elon Musk is also considering building an electric vehicle plant in Indonesia.
- BYD's reputation for selling affordable battery electric vehicles may push other automakers in the market to launch more affordable vehicles.
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Teslarati
3w
374
Image Credit: Teslarati
How Rivian will help Volkswagen: Project Trinity (Op-Ed)
- Rivian and Volkswagen have a joint venture to produce Golf EV and potentially Volkswagen's flagship electric car Project Trinity.
- Volkswagen increased its budget for Project Trinity to launch new electric vehicles and electrify existing European production plants.
- Volkswagen's Trinity factory, initially stalled, is expected to be revitalized through the partnership with Rivian.
- Partnerships like the one with Rivian are seen as a way for Volkswagen to accelerate development and enter the electric vehicle market faster.
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Insider
3w
79
Image Credit: Insider
Longtime Tesla investor Ross Gerber on why Musk's ties to Trump might not boost the EV maker
- Ross Gerber, a Tesla investor, believes that Elon Musk's association with Donald Trump won't be enough to turn around the fortunes of the carmaker.
- Gerber thinks the company is facing serious challenges in the electric car business and also with its ride-hailing platform and artificial intelligence projects.
- Gerber said his fund, which started cutting its stake in Tesla in 2023, continues to sell the stock in small amounts, keeping Tesla's concentration in its portfolio to just 2%. The fund sold nearly 16,000 shares in the third quarter.
- In Gerber's view, Tesla shares should be trading around $200, implying 40% downside from the stock's closing price of $338.23 on Tuesday.
- Gerber believes Tesla's technology has plateaued in recent years, and Musk's ties to Washington won't help that. He pointed to challenges with Tesla's full self-driving technology.
- Trump's transition team has signaled that it would end the $7,500 tax credit for EVs, that Musk supports, but even that's unlikely to be a bullish catalyst for the company.
- Musk has said that repealing the tax credit would be more harmful to Tesla's rivals, but Gerber's firm has estimated that Tesla sales could drop around 25% if the tax credit was no longer available. That would be "devastating" to Tesla's business.
- Gerber thinks that Tesla shares are trading at a premium and that Elon's role in the Department of Government Efficiency will likely take his focus away from Tesla even more.
- Previously Gerber stated that he would consider completely closing his position in Tesla by the end of the year if its business did not improve or if Musk didn't refocus his attention on his companies.
- Gerber has since adjusted his view and continues to hold Tesla as a small investment in his portfolio, mostly out of bullishness on EVs in general.
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Teslarati
3w
128
Image Credit: Teslarati
PA District Attorney officially drops case against Elon Musk’s America PAC
- Philadelphia District Attorney Larry Krasner drops case against Elon Musk's America PAC.
- Krasner sought an injunction to prevent America PAC's daily $1 million giveaways in Pennsylvania.
- A state judge declined to move the case forward and put it on hold.
- Elon Musk celebrated the judge's decision on social media.
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