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Tesla News
Teslarati
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Tesla has joined the Australian Energy Council
- Tesla has joined the Australian Energy Council (AEC) as its newest member.
- The membership provides an opportunity for collaboration in driving Australia's energy transition.
- Tesla's Megapacks and Powerwalls are being deployed in Australia to support grid-scale and home-scale battery projects.
- Tesla's involvement in the Australian energy landscape is expected to shape the future of the industry.
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TechCrunch
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Tesla and Rivian charging networks have fewest problems by far, according to Consumer Reports
- Tesla and Rivian have the most problem-free EV charging networks, according to Consumer Reports survey.
- Only 4% of respondents experienced problems at Tesla's Supercharger network, while 5% experienced problems with Rivian's Adventure Network chargers.
- Shell's Recharge network had the worst performance, with 48% of owners reporting problems, followed by EVgo and Blink chargers with 43% and 41% respectively.
- The most common reported issues across all networks were related to payment and charging station hardware, according to Consumer Reports.
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Teslarati
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Tesla excluded from incentives in Canada over Trump tariffs
- Tesla has been excluded from electric vehicle (EV) incentive programs in Canada as a retaliation against CEO Elon Musk and the Trump administration's recent tariffs.
- Toronto Mayor announced that tax incentives for Tesla vehicles for ride-hailing and taxi purposes will no longer be provided, excluding the brand from a program offering reduced fees for going electric.
- Similarly, British Columbia announced that Tesla vehicles would no longer receive EV rebates for home charging equipment.
- These exclusions come as part of the effort to retaliate against Musk and the Trump administration, and to reduce taxpayer money being used to subsidize Tesla.
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Teslarati
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Tesla attack in Las Vegas results in several vehicles being set on fire
- Authorities are investigating a suspected arson attack at a Tesla service center in Las Vegas, Nevada.
- Multiple vehicles were torched in the incident, some of which were caught on video and in photos.
- The incident marks one of the latest attacks against Tesla's property and vehicles.
- Federal agents, including the FBI, are assisting in the investigation.
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Insider
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Tesla short sellers are making a fortune out of the backlash against Elon Musk
- Short sellers have profited from Tesla's recent stock selloff.
- They made over $16 billion from shorting Tesla stock in the last three months.
- Tesla's shares have fallen over 50% since its peak in December.
- Despite short sellers' gains, they are still down $64.5 billion since Tesla went public in 2010.
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Insider
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4 reasons why Tesla's 53% stock crash is accelerating today
- Tesla's stock has fallen 53% from record highs reached in mid-December.
- BYD's new battery technology creates competition for Tesla in the Chinese market.
- RBC lowered its price target for Tesla, citing lower pricing on autonomous technology and increased competition in Europe and China.
- Slowing vehicle sales, particularly in China and Europe, are adding to the decline in Tesla's stock.
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Teslarati
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Tesla FSD rivalry heats up in China as Zeekr launches free version
- Chinese company Zeekr launches a free version of its advanced driver-assistance system, intensifying the rivalry with Tesla's FSD.
- Zeekr's driver-assist system allows near-autonomous driving from one location to a pre-set destination, pending regulatory approval in China.
- Zeekr plans to release the free version to a pilot test group before the full launch in April, aiming to become a top player in the market.
- Unlike Tesla's FSD, Zeekr's driver-assistance system uses lidar and relies on pre-set destinations, emphasizing safety and setting it apart from Tesla's approach.
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Teslarati
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Russia seeks collaboration with Elon Musk on Mars flights
- Russia is seeking a collaboration with Elon Musk for its own Mars flights.
- Russia's special envoy, Kirill Dmitriev, aims to talk to Elon Musk to discuss strengthening the country's space agency Roscosmos and Rosatom.
- President Trump will speak to Russia's President Putin to convince him to accept a ceasefire between Russia and Ukraine.
- The focus of the meeting between President Trump and President Putin will be on the ceasefire between Russia and Ukraine.
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Guardian
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What is EV maker BYD and can its batteries really charge in five minutes?
- BYD, a Chinese electric carmaker, saw a surge in value after claiming its new batteries could add 400km of range in 5 minutes.
- Investors pushed BYD's stock price to a record high on the news of the fast-charging batteries.
- BYD is the largest global producer of battery electric and plug-in hybrid cars, aiming to address 'charging anxiety.'
- The company's models like Han L saloon and Tang L SUV will feature the super-fast charging technology.
- Comparison with competitors like Tesla shows BYD impressively offering megawatt speed charging compared to Tesla's 500kW chargers.
- BYD's 1,000kW fast charging appears superior to current charging options, with competitors offering lower speeds in comparison.
- The fast charging is made possible by ultra-high voltage and large current delivery, along with a reduction in battery internal resistance.
- BYD plans to install 4,000 megawatt 'flash-charging stations' in China to accommodate fast charging needs.
- However, challenges like increased production costs, higher energy costs, and battery degradation may arise with such rapid charging technology.
- Not all car models will adopt this technology immediately, as cost reduction in batteries remains a focus in the mass market segment.
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Teslarati
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RBC cuts Tesla’s price target to $320, with a potential upside of 34%
- RBC Capital Markets analyst Tom Narayan cut Tesla’s price target from $440 to $320.
- The new price target still represents a potential upside of 34% for Tesla.
- Narayan cited lowered expectations around the company’s Full Self-Driving capabilities for the price target reduction.
- He also highlighted increasing competition in China as a factor affecting Tesla's market share.
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Insider
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Activists used a Tesla to write 'Don't buy a Tesla' on a beach in Wales
- UK activist group Led By Donkeys used a Tesla to write 'Don't buy a Tesla' on a beach in Wales.
- The protest was staged to target Musk's 'bottom line' and follows the group's previous anti-Musk stunt in Berlin.
- A former Tesla owner used a harrow dragged by a Tesla to etch the protest into the beach at Black Rock Sands.
- Led By Donkeys has been targeting Musk for his support of Trump and right-wing European parties.
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Teslarati
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Tesla is NOT done in Germany–exact same poll debunks its own “94% won’t buy Tesla” narrative
- A recent poll conducted by t-online, indicating that 94% of car buyers in Germany won't buy a Tesla, has been debunked.
- The poll originally reported that only 3% of respondents would consider buying a Tesla, relating the alleged drop in interest to Elon Musk's conservative politics.
- However, the poll received criticism for having self-selected respondents and open participation globally, potentially leading to inaccurate results.
- With updated data, the poll now shows that 69.9% of respondents would still buy a Tesla, highlighting that the initial reports of Tesla's decline in Germany were premature.
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Insider
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Stock of the Day: Chinese Tesla rival BYD hits record high on new charging tech that it says takes just 5 minutes
- Chinese electric vehicle maker BYD unveiled new charging technology that claims to provide a nearly 250-mile range in just five minutes.
- BYD's Hong Kong-listed shares reached an all-time high, rising as much as 6% on Tuesday.
- If the technology works as advertised, BYD could gain an advantage over EV rivals like Tesla.
- BYD plans to build 4,000 of these ultrafast charging stations throughout China.
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Insider
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281
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BYD says it can charge an EV in 5 minutes. That's yet another challenge for Tesla.
- Chinese EV giant, BYD, has unveiled new fast chargers that can add almost 250 miles of range to an electric vehicle in five minutes.
- BYD's new 1,000 KW superchargers are four times as powerful as Tesla's current 250 KW chargers.
- Lengthy charging times and range anxiety are some of the main reasons consumers are reluctant to buy EVs. BYD aims to solve this problem.
- BYD has positioned itself as a major competitor to Tesla, impacting Tesla's market share and sales in China.
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Guardian
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Why is Elon Musk still CEO of Tesla?
- Elon Musk faced setbacks with Tesla, SpaceX, X, and Doge, including protests, cyberattacks, rocket explosion, and social media outages.
- Despite challenges, Musk's influence remains strong as Tesla held a sales event endorsed by Donald Trump.
- Tesla's stock decline raises questions about Musk's role, but his association with the company remains strong.
- Apple criticizes Siri's AI capabilities, with internal discussions hinting at major delays and potential leadership changes.
- Siri's ineptitude compared to other AI assistants like ChatGPT and Alexa poses challenges for Apple.
- A tell-all book about Meta reveals allegations of sexual harassment and censorship concessions by top executives.
- Meta refutes the book's claims, seeking legal action to prevent its publication and revise its content.
- The book adds personal insights into key figures at Meta during a time of heightened interest in tech controversies.
- Key tech news includes Telegram founder's return to Dubai, tech experts' strategies for child online safety, and EV battery startup Northvolt filing for bankruptcy.
- ICE accessed car trackers in sanctuary cities, arrests made in EU bribery investigation linked to Huawei.
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