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Tesla News
Teslarati
3w
144
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SpaceX is in talks with another potential Starlink partner in India
- SpaceX is in talks with Vodafone Idea Ltd, an Indian telecom company, for a potential partnership to offer Starlink internet services to its customers.
- Vodafone Idea's share price increased by 4.93% upon the news of the talks.
- Vodafone clarified that the discussions with SpaceX are part of its routine business strategy to enhance the quality of its services and expand its telecommunication offerings.
- Bharti Airtel and Jio Platforms, Vodafone's rivals in India, have already signed deals with SpaceX for Starlink services.
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Evannex
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215
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Has Musk Become Tesla’s Biggest Risk Factor?
- Recent reports suggest that Tesla’s struggles aren’t just about increasing EV competition or market slowdowns. Musk’s personal actions, political shifts, and business distractions are playing a major role in Tesla’s downturn.
- Tesla’s stock has dropped nearly 50% in the past year, with Musk's controversial actions and political alignment being identified as a growing risk for investors.
- Musk's involvement in politics and social media controversies has diverted his attention from improving Tesla's overall growth and addressing production issues.
- Tesla's once-dominant tech advantage is shrinking as legacy automakers develop competitive EVs, while the delay in launching Tesla's next-gen affordable EV could cost the company market share.
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Luxuo
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13
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JPMorgan Says Tesla Is About To Have A Bad Time
- JPMorgan cuts Tesla's delivery forecast by 20% to 355,000 units
- JPMorgan predicts Tesla stock will eventually drop to USD 120 per share
- Tesla faces challenges due to Trump administration's tariffs on U.S. market
- Tesla's sales decline in Europe, and faces competition from Chinese brands
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Silicon
3w
254
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Mercedes-Benz Trials Humanoid Robots From Apptronik
- German carmaker Mercedes-Benz is conducting trials of humanoid robots from Apptronik at its production lines.
- Mercedes-Benz is testing Apptronik's Apollo model for tasks such as moving components to the production line and carrying out quality checks.
- The company has taken a stake in Apptronik and is training the robots through teleoperation to gradually make them autonomous.
- Other carmakers, including Honda, Hyundai, and BMW, have also experimented with humanoid robots in their production processes.
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Teslarati
3w
149
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Tesla attacks deemed a ‘federal crime’ by FBI after Las Vegas fire
- Tesla attacks in Las Vegas, where several vehicles were shot at and set on fire, have been deemed a federal crime by the FBI.
- Surveillance footage revealed a person shooting at the electric cars and setting them on fire with Molotov cocktails.
- No injuries were reported, and the fires were extinguished before reaching the Tesla batteries.
- Tesla attacks in different parts of the United States have become more frequent, often linked to Elon Musk's political activities.
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Insider
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118
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I'm a Tesla investor and I've got millions in the company. I think Elon Musk is key to Tesla's success, but it can endure without him.
- Christopher Tsai, a Tesla investor with one-fifth of his $137 million portfolio in Tesla stock, believes the company can succeed without Elon Musk.
- Tsai compared Musk's role at Tesla to Steve Jobs at Apple, stating that a visionary's departure doesn't mean investors should exit.
- Despite Musk's importance, Tsai said he would assess the fundamentals before making any decisions if Musk were to leave.
- Tsai Capital, led by Christopher Tsai, had previously held more Tesla shares but reduced its stake as it became an outsized portion of the portfolio.
- Tsai mentioned the positive impact of Musk's ties to the Trump administration on Tesla's prospects.
- Despite recent turmoil and stock decline, Tsai Capital has started buying Tesla shares again.
- Tsai expressed optimism about Musk's involvement in shaping government policies and believes negative market sentiment will diminish.
- Tsai dismissed the notion of Chinese automaker BYD displacing Tesla in the EV industry and emphasized there is room for multiple players.
- He attributed Tesla's recent sales decline to the Model Y refresh and stated that such occurrences lead to temporary sales slowdowns.
- Tsai remains bullish on Tesla's long-term growth prospects, focusing on fundamentals rather than short-term market fluctuations.
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Insider
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114
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Elon Musk is MIA as a CEO. He's not alone.
- Tesla's stock has been on a downward spiral, with protesters targeting the company due to CEO Elon Musk's politics, leading some owners to sell their cars out of fear.
- Musk's absence as a CEO and his focus on other ventures like Twitter and government efficiency have raised concerns among Tesla investors.
- Absent leadership in corporations, characterized by CEO distance or neglect, is a prevalent issue that can harm morale and productivity.
- Modern CEOs, like Musk, have shifted from internal product leaders to public figures focused on driving shareholder value, potentially neglecting day-to-day operations and company culture.
- CEOs working remotely or juggling multiple companies, like Musk with Tesla, SpaceX, and X, may underperform and have lower valuations, partly due to divided attention.
- Musk's various ventures and distractions have impacted Tesla's stock performance, along with political involvement and concerns around EV demand.
- The absenteeism of CEOs, particularly micromanagers like Musk, can lead to detachment from employees, poor decision-making, and slower response times within organizations.
- Tesla investors express concerns about Musk's divided focus, with some hoping he will prioritize Tesla's Full Self-Driving technology over his other ventures.
- Musk's absenteeism has created uncertainty and criticism, with shareholders and analysts questioning his ability to effectively manage his multiple ventures.
- The impact of Musk's divided attention and political actions extends beyond his personal wealth to affect customers, shareholders, and workers at Tesla, posing challenges for the company's future.
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CarExpert
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365
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Cupra won’t follow Tesla, Ford by cutting EV prices
- Cupra is launching new electric vehicles in Australia and aims to offer them at competitive but sustainable prices.
- Cupra is committed to maintaining stability in pricing in order to minimize customer anxiety over EV resale values.
- In addition to competition from other European manufacturers and Tesla, Cupra also faces competition from affordable Chinese EVs.
- Cupra emphasizes that value goes beyond the sticker price, with a focus on the ownership experience and support services.
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The Verge
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0
Image Credit: The Verge
Multiple Tesla vehicles were set on fire in Las Vegas and Kansas City
- Two Teslas caught fire in separate incidents in Las Vegas and Kansas City.
- In Las Vegas, a suspect hit several vehicles with Molotov cocktails and three bullets at a Tesla collision center.
- The fire department extinguished two Teslas before the batteries ignited and the FBI's joint terrorism task force is investigating the incident.
- In Kansas City, a Cybertruck parked in a Tesla parking lot caught fire, spreading to another Cybertruck. The fire is being investigated for possible arson.
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Insider
3w
247
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Elon Musk just scored a much-needed win: SpaceX brought those 2 stranded astronauts home
- SpaceX successfully brought home two astronauts who were stuck on the International Space Station for months.
- Their return marks a victory for Elon Musk and SpaceX after recent setbacks in his other ventures.
- SpaceX's Crew Dragon spacecraft splashed down in the Gulf of Mexico, concluding a routine spaceflight.
- The safe return of the astronauts is significant for Musk as he faces challenges with Tesla and SpaceX.
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The Verge
3w
27
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Tesla awarded ride-hail permit in California, a first step for robotaxis
- Tesla has been granted a ride-hail permit by the California Public Utilities Commission (CPUC).
- The permit allows Tesla to transport its employees on a pre-arranged basis in Tesla vehicles.
- Tesla will need to notify CPUC before transitioning to transporting members of the public.
- The company has yet to participate in CPUC's autonomous vehicle passenger program.
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The Verge
3w
377
Image Credit: The Verge
Tesla’s Cybercab robotaxi event: the biggest news and announcements
- Tesla CEO Elon Musk revealed a prototype of the company’s first fully driverless vehicle, the Cybercab.
- The Cybercab can be configured as a 'mass transit' or a cargo carrier and comes with butterfly doors.
- The event also had a surprise announcement of a new 'Robovan' transport vehicle.
- The success of the 'We, Robot' event will determine if Tesla can compete with other robotaxi companies.
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Teslarati
3w
140
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Tesla receives its first robotaxi permit in California
- Tesla has received its first permit in California to operate driverless ride-hailing services.
- The California Public Utilities Commission (CPUC) approved Tesla's application for a charter-party carrier permit.
- The permit allows Tesla to operate a chauffeur fleet for certain commercial purposes but does not permit ride-hailing or full autonomous vehicle use.
- Tesla plans to launch a highly-anticipated autonomous robotaxi business in Texas and California this year.
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TechCrunch
3w
408
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What Tesla can and can’t do in California with its new passenger transportation permit
- Tesla has been granted a transportation charter permit (TCP) by the California Public Utilities Commission, allowing the company to operate a private transportation service.
- This permit is different from the permits held by Uber and Lyft and only enables Tesla to offer prearranged transportation services using its own vehicles and employees as drivers.
- The permit does not cover autonomous vehicle testing or deployment, and Tesla needs additional permits from the California Department of Motor Vehicles for such operations.
- Tesla plans to initially use the TCP permit for transporting its employees and will notify the CPUC when it transitions to transporting the public.
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Insider
3w
396
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Tesla's stock slump is driving Wall Street crazy — but not Elon Musk's employees
- Despite Tesla's stock slump, employees are unbothered and confident in the company.
- The stock is down 44% year-to-date, but workers point out that it is still up 30% from last year and spiked over 800% in the last five years.
- Employees actively avoid looking at the share price and focus on factors they cannot control, such as CEO Elon Musk's activities.
- Workers express overall optimism about the future of the company, believing that if the product is good, people will still buy it.
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