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Tesla News
Evannex
4w
22
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Tesla vs. Legacy Automakers: Who’s Leading the EV Race in 2024?
- Tesla remains a dominant force in the EV market, shaping the industry through innovation and brand loyalty.
- Legacy automakers are gaining ground with their EV efforts and challenging Tesla.
- Despite the competition, Tesla maintains its edge with Supercharger network and software updates.
- In 2024, Tesla continues to lead in critical areas and remains the frontrunner in the EV race.
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Insider
4w
97
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Tesla and BYD are gearing up for another round in China's brutal EV battle
- Tesla and BYD are gearing up for another round in China's brutal EV battle.
- BYD is asking suppliers to cut prices and Tesla is rolling out more discounts.
- The price war is putting some smaller Chinese players under financial pressure.
- BYD and Tesla have been playing a game of how-low-can-you-go on EV prices in China, and they don't seem to be slowing down anytime soon.
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Insider
4w
97
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Maye Musk welcomes Elon's bromance with Donald Trump and says they 'just seem to be having fun'
- Maye Musk, Elon Musk's mother, talks about her son's friendship with Donald Trump, describing it as a fun and enjoyable relationship.
- Elon Musk, the CEO of Tesla and SpaceX, and Donald Trump, the president-elect, have been spending time together at Trump's Mar-a-Lago resort in Florida.
- Maye Musk supports her son's admiration for Trump, calling Elon the genius of the world and expressing confidence in his ability to slash government waste as the co-chief of a new Department of Government Efficiency.
- Maye's endorsement of Elon's bromance with Trump may not come as a surprise, but it showcases their relationship in a playful and childlike manner.
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Teslarati
4w
8
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Hyundai Motor to invest $479M in Malaysia
- Hyundai Motor will invest $479 million in Malaysia over the next five years to support the country's electric vehicle ecosystem.
- The investment aims to promote EV sales, build charging stations, and establish a battery manufacturing facility.
- Initially, Hyundai will focus on internal combustion and hybrid electric vehicles in the Malaysian market.
- Hyundai is also collaborating with Malaysian company Inokom Corp. to manufacture the Staria minivan.
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Teslarati
4w
22
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Starlink Direct-to-Cell gets US commercial license from FCC
- The US Federal Communication Commission (FCC) has granted Starlink a US commercial license for Direct-to-Cell (Starlink Cellular) operations.
- Starlink, a subsidiary of SpaceX, received the license to provide supplemental coverage from space and operate on certain frequency bands for direct-to-cellular operations.
- Starlink Cellular has already provided valuable services in areas affected by Hurricanes Helene and Milton, with over 270,000 mobile phones connected to the service.
- Other cellular providers are not included in Starlink's reported numbers yet.
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VentureBeat
4w
124
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Trump’s AI Czar and the Wild West of AI regulation: Strategies for enterprises to navigate the chaos
- The regulatory landscape for AI in the U.S. is in chaos with a lack of federal-level regulation.
- President-elect Trump is considering appointing an 'AI czar' to coordinate federal policy and governmental use of AI, but the extent of regulation is uncertain.
- The absence of federal AI regulation poses risks and uncertainties for enterprises, including potential liabilities and lack of accountability for model providers.
- Enterprise leaders must adopt proactive strategies to navigate the complex compliance landscape and leverage AI's benefits while minimizing regulatory risks.
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Teslarati
4w
168
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Tesla rolls out updated referral program for U.S. and Canada as Q4 enters final month
- Tesla has rolled out an updated referral program for the U.S. and Canada as the fourth quarter enters its final month.
- The new referral program offers bigger discounts and rewards, including a notable discount for the Cybertruck.
- Customers can earn $1,000 by giving someone else up to $2,000 off a new Tesla.
- Participants in the referral program also have a chance to win an invitation to an upcoming Tesla event.
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Teslarati
4w
93
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Drivers using ‘cooperative steering’ more likely to stay engaged: IIHS
- A study by the Insurance Institute for Highway Safety (IIHS) revealed that drivers are more likely to remain engaged when using 'cooperative steering' automated driving systems.
- Cooperative steering refers to a system in which manual movements to the steering wheel don't disengage the software, keeping drivers actively involved.
- The study found that drivers using partially automated systems that turn off when the steering wheel is used were less likely to stay engaged.
- Systems that allow shared control and remain on when drivers adjust steering were found to encourage drivers to take an active role on the road.
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Teslarati
4w
213
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Rivian gains conditional $6.6B loan commitment for Georgia factory
- Rivian has received conditional approval for a loan of up to $6.6 billion for its Georgia manufacturing facility.
- The loan will fund production of Rivian's R2 SUV and R3 and R3X crossovers.
- The company expects the Georgia facility to begin production by 2028 with an initial capacity of 200,000 units per year.
- The facility is projected to create around 7,500 operations jobs through 2030 and 2,000 construction jobs.
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Insider
4w
9
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The full list of auto companies cutting jobs, including GM, Ford, and Stellantis
- Car companies are facing challenges in the rapidly changing electric vehicle (EV) market.
- Restructuring efforts include massive job cuts as they adjust their business models.
- Demand for EVs has slowed, leading to cost-cutting measures.
- Major car companies like GM, Ford, Volkswagen, Stellantis, Tesla, and Nissan have announced job cuts.
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Teslarati
4w
315
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UK sees lowest rate of out-of-charge EV battery issues to date: report
- Figures shared at the Transport + Energy Forum at Warwick University indicated that electric vehicle breakdowns due to low battery charge had hit their lowest-ever level in the U.K.
- Instances of electric cars breaking down due to insufficient battery charge now account for just 1.85% of EV-related breakdowns.
- This decline can be attributed to better battery technology, longer range in electric vehicles, improved charging performance and reliability, better charging infrastructure, and better driver and dealer knowledge of EVs.
- The decline in out-of-charge battery incidents among EVs suggests that electric cars are becoming increasingly reliable.
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Teslarati
4w
235
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Tesla China after-sales service earns top satisfaction ratings in NEV sector: report
- Tesla China's after-sales service has earned top satisfaction ratings in the new energy vehicle (NEV) sector, according to a report.
- The results of the 2024 Automobile After-Sales Service Customer Satisfaction Survey (CAACS Survey) showed that Tesla China ranked first in the after-sales service rankings with a score of 86.88 points.
- GAC Aion and BYD followed closely behind with scores of 86.35 and 86.20 points, respectively.
- The survey highlighted that NEV makers still have areas of improvement in their after-sales service programs, but Tesla China, GAC Aion, and BYD have developed effective systems to satisfy their customers.
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Teslarati
4w
13
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U.S. Congressman warns against Tesla exclusion from CA’s proposed EV incentive
- California Governor Gavin Newsom is considering a new EV incentive for car buyers if the federal tax credit is eliminated.
- The proposed incentive program excludes Tesla, despite being the only carmaker producing vehicles in California.
- Elon Musk criticized the proposal, stating that excluding Tesla from the incentive is unfair and hurts jobs in California.
- Congressman Ro Khanna also expressed concerns about the exclusion, urging against playing politics with manufacturing in California.
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Insider
4w
315
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Omead Afshar, a longtime Elon Musk loyalist, takes the wheel at Tesla
- Omead Afshar, one of Elon Musk's closest aides, has been appointed vice president of North American and European operations at Tesla. The young executive has risen through the ranks at the company since he joined as a project manager in 2017. Among his tasks, Afshar oversaw the construction of Tesla's Gigafactory in Austin, Texas, and helped buy Twitter. Afshar's appointment comes at a time when the automaker faces increasing competition from other EV makers, falling delivery numbers, and pressure from unions in Germany and the US.
- Over the seven years he has spent working for Musk, Afshar has emerged as one of the billionaire's most loyal lieutenants, driven and singularly focused on his goals. Musk has long trusted Afshar's managerial capacity and attention to detail, four current and former colleagues say. Afshar's new role of responsibility will involve taking over many of the duties of Tom Zhu, whom some have considered a potential successor to Musk.
- Afshar's rise to power comes at a critical moment for Tesla, as it faces a range of challenges and uncertainties. The automaker is facing increasing competition from traditional car manufacturers looking to break into the EV market and other startups, such as Rivian and Lucid. There is also pressure to raise delivery numbers and resolve supply-chain issues, while simultaneously dealing with proposed tax breaks aimed at encouraging EV production and critical emissions policies that will impact the company.
- Afshar has thrived at a company with considerable executive turnover. Eight of Musk's direct reports have left Tesla over the past year, including Drew Baglino, the carmaker's senior vice president of powertrain and electrical engineering, and Rebecca Tinucci, the senior director of Supercharging.
- Records of text messages from Afshar to Musk, included in a lawsuit related to Musk's purchase of Twitter, underscore their close relationship. Afshar's appointment comes at a critical time for Tesla, amid increasing competition from other EV makers, falling delivery numbers and pressure from unions in Germany and the US.
- Years before Tesla, Afshar studied biomedical engineering at the University of California, Irvine, and worked as a ski instructor. Afshar's loyalty and devotion to the mission of Tesla is well-known. In a 2019 interview, he said he has missed birthdays and felt anxious about being away from his phone for even an hour. While he has been known to have a hands-on approach occasionally, many Tesla employees have praised him for working to improve the employee experience.
- Afshar's new role reflects his rise to prominence within the company and the trust placed in him by Musk, as Tesla deals with a range of unsettling business realities. As Musk increasingly turns his attention to politics, Afshar is set to help shepherd Tesla through the uncertainty ahead.
- Afshar's ascension within the ranks of Tesla underscores Elon Musk's continued trust in his lieutenants, despite dealing with a loss of personnel that is unprecedented in the history of the car company. While challenges remain, both internal and external, Afshar's appointment is proof that Tesla has a plan in place to move forward and remain a serious contender in the automotive space.
- Afshar seems to work well under pressure which is a good sign for Tesla as it faces increasing challenges from internal and external sources. As Musk turns his attention to political and other issues, Afshar's calm, focused approach may prove key to reshaping the company's strategy and operations.
- Afshar has been described as Musk's final boss, a kind of gatekeeper that maintains what goes through to Musk. In his new role, Afshar will likely face increasing scrutiny and pressure from employees and outside stakeholders alike as he manages Tesla during an incredibly difficult time in the automotive industry.
- Afshar's meticulous attention to detail and his ability to manage high-pressure situations make him an excellent choice for this role and well-suited to navigate the challenges ahead. His rise through the ranks of Tesla underscores the company's commitment to developing and promoting young, talented leaders who can help the company maintain its position and gain an advantage over competitors in an increasingly crowded marketplace.
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Digitaltrends
4w
270
Image Credit: Digitaltrends
Teslas likely won’t get California’s new EV tax rebate
- California plans to revive state-tax rebates for electric vehicles if the federal incentive is ended
- The state's EV incentive is likely to exclude Tesla and other automakers to promote competition and innovation
- Ending federal incentives could lead to a 27% drop in EV demand in the US
- Trade group ZETA supports keeping federal incentives for EV production and sale
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