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Tesla News
Teslarati
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Ford faces backlash from IG Metall for job cuts
- Ford is facing backlash from German union IG Metall for its plans to cut thousands of jobs in Cologne.
- Ford has announced plans to cut about 14% of its European workforce, citing weak demand for electric vehicles (EVs), poor government support, and competition from Chinese companies.
- IG Metall argues that Ford's job cuts would be the end of its Cologne factory, calling it an "incremental death".
- Around 4,000 jobs will be cut in Germany and Britain, representing 2.3% of Ford's total workforce of 174,000 in Europe.
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Teslarati
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238
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UK reconsiders EV sales targets, listening to automakers
- The UK is reconsidering its electric vehicle (EV) sales targets after listening to automakers’ warnings.
- The Zero Emission Vehicle (ZEV) mandates will be under consultation as the UK government aims to make 80% of new cars and 70% of new vans sold in Great Britain be zero-emission vehicles by 2030.
- Automakers have raised concerns over the cost of the ZEV mandates, which could amount to $7.6 billion in 2024, threatening jobs and Britain’s appeal as a manufacturing hub.
- UK Business Minister Jonathan Reynolds blames the previous Conservative government for giving mixed policy signals, leading to a reduction in consumer confidence.
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Teslarati
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Volkswagen reevaluates ‘direct to customer’ approach
- Volkswagen Group is reevaluating its direct-to-customer approach.
- The direct-to-customer approach remains the long-term goal, but changes may be needed in the short- to mid-term.
- A joint review with wholesale and retail organizations will determine if an indirect sales model for BEVs is better.
- Results of the review are expected to be released by Q1 2025.
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Teslarati
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318
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Lucid’s Peter Rawlinson makes Automotive News’ 2024 All-Stars
- Lucid's CEO and CTO, Peter Rawlinson, has been named one of Automotive News' 2024 All-Stars.
- Lucid distinguishes itself from other electric vehicles by achieving long-range through efficiency.
- The Lucid Air sedan holds the record for the EV with the longest range and quickest acceleration.
- Lucid hopes to replicate the success of the Air sedan with its new Gravity crossover EV.
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Teslarati
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13
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Tesla introduces end-of-lease buyouts for Model S3XY and Cybertruck
- Tesla announces end-of-lease buyout option for Model S, Model 3, Model X, Model Y, and Cybertruck.
- Customers can initiate the buying process through the Tesla app and complete vehicle inspection.
- Ownership transfer documents will be mailed to customers after the purchase process is finalized.
- Critics speculate the move may delay Tesla's robotaxi service, while others note the potential redundancy of Model 3 and Model Y fleet with the introduction of Cybercab.
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Teslarati
3w
79
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Tesla exec posts optimistic teaser about FSD V13
- Tesla Vice President of AI Software Ashok Elluswamy has shared an optimistic update about Full Self Driving (FSD) V13.
- Elluswamy's post suggests that FSD V13 will be a significant improvement over the current version.
- Tesla aims to achieve feature completeness for unsupervised FSD with the V13 release.
- Elon Musk expresses support for the update, indicating confidence in Tesla's self-driving efforts.
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Teslarati
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252
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Tesla Optimus shows off new upgrade
- Tesla Optimus showed off new hands right after Neuralink announced US FDA approval for its CONVOY Study.
- Tesla Optimus debuted its upgraded hands, which now have 22 degrees of freedom (DoF) compared to human hands with 27 DoF.
- The upgrade comes after Neuralink gained approval for a feasibility trial called the CONVOY study, allowing testing of its Brain-to-Computer-interface (BCI) N1 Implant with assistive robotic arms.
- During a Neuralink update, Elon Musk mentioned the potential integration of Optimus limbs with Neuralink's N1 implant, which has been successfully implanted in patients for mind-controlled device use.
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Teslarati
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26
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Tesla China continues to improve relationship with suppliers
- Tesla China announced that its payment cycle with suppliers has shortened to around 90 days.
- 95% of Tesla Giga Shanghai’s components are from local suppliers in China.
- BYD, a competitor of Tesla in China, asked suppliers to cut prices by 10% in a recently leaked letter.
- Tesla's close relationship with Chinese suppliers has been instrumental in its success in China and globally.
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Insider
3w
185
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Vivek Ramaswamy calls Rivian's $6.6 billion federal loan a 'political shot' at Elon Musk
- Rivian has secured a $6.6 billion federal loan from the Biden administration to complete an EV factory in Georgia.
- Vivek Ramaswamy, a leader in the Department of Government Efficiency (DOGE), criticized the loan as a "political shot" at Elon Musk and Tesla.
- Ramaswamy and Musk have been tasked by Donald Trump to help cut government spending.
- The Biden administration's push for electric vehicle adoption, including tax incentives and grants, is expected to be rolled back under Trump.
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Technode
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Chinese self-driving car firm Pony.ai sees shares fall 7.7% in direct listing debut
- Shares of Chinese self-driving car startup Pony.ai fell 7.7% in its debut on the Nasdaq stock exchange.
- Pony.ai, valued at $5.25 billion, aims to commercialize autonomous vehicles.
- The company raised $413.4 million in its IPO and private placement.
- Pony.ai reported a net loss of $93.9 million for the first nine months of 2022.
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Tech Story
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Tesla’s Robotaxi Can’t be Fully Autonomous Without Human Assistance The Role of Tesla’s Teleoperation Team
- Tesla is recruiting for a team to remotely oversee its robotaxi fleet, showing the limit of AI-powered automation in the driverless vehicle sector.
- The teleoperation team will provide remote access and technical support, intervening when the self-driving technology encounters issues.
- Elon Musk's classification of Tesla's autonomous cars as 'fully autonomous' has been challenged, underscoring the necessity of human oversight.
- Other leading autonomous vehicle firms, including General Motors' Cruise, Amazon subsidiary Zoox and Google's Waymo also rely on remote human support, despite advertising as autonomous.
- AI systems are still not able to handle complex real-world variables, including human behaviour, unmarked roads and adverse weather conditions.
- AI capabilities are good but limited, meaning the robotic taxi service is a hybrid envisioned as transitional while firms work towards greater technological independence.
- Tesla's teleoperation approach highlights the challenges of AI development, but also raises ethical concerns of overconfidence among users.
- The robotic taxi trend reflects Silicon Valley's push for AI-driven systems while hiding the role of the human workforce.
- Tesla and other leading driverless car firms must manage public expectations while balancing innovation with transparency.
- The announcement highlights that the development of fully autonomous systems may be longer and more complicated than anticipated and may require human intervention.
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Siliconangle
4w
1.7k
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Report: xAI developing new consumer chatbot and AI model
- Artificial intelligence developer xAI Corp. is building a consumer chatbot that will launch next month.
- xAI is training a new frontier model which aims to rank as the world's most powerful AI.
- The upcoming AI model could differentiate xAI's chatbot from competitors like OpenAI, Meta Platforms Inc., and Google LLC.
- xAI plans to raise more funding in the next year and has partnerships with Elon Musk's companies, X Corp. and SpaceX Corp., for customer support and AI training.
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Teslarati
4w
376
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Tesla did not pay Kim Kardashian for Optimus bot, Cybercab publicity
- Tesla did not pay Kim Kardashian for a recent publicity opportunity with the company’s Optimus robot and Cybercab.
- Kardashian is paid over two million dollars per post for promoting products from other companies on social media.
- Speculation arose regarding Kardashian's relationship with Tesla after she posted about the Optimus robot and Cybercab on her social media.
- According to her publicist, Tesla did not pay Kardashian for the promotional posts.
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Teslarati
4w
354
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Wedbush analyst shares take on Tesla and CA Gov’s budding dispute
- Wedbush analyst Dan Ives reiterates 'outperform' rating and $400 per share price target for Tesla stock.
- California Governor Gavin Newsom plans to create an EV incentive excluding Tesla.
- Analyst suggests potential battle between Newsom and Tesla CEO Elon Musk.
- Tesla is the only carmaker still producing vehicles in California.
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Teslarati
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Tesla China’s year-end promotions seem to be working very well
- Tesla China has implemented various initiatives to boost sales of the Model Y and Model 3 before the year-end.
- They extended the five-year zero-interest loan offer and introduced a RMB 10,000 discount for select Model Y variants.
- Videos from Tesla center in Hangzhou showed a crowded scene with busy employees serving customers.
- These promotions may be aimed at maximizing sales of the current-generation Model Y before the release of an updated version called 'Juniper.'
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