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The Verge
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We still know almost nothing about Tesla’s robotaxi service
- Tesla's robotaxi service is expected to launch in Austin, Texas soon, with a possible date of June 12th, though details are vague on accessibility and operations.
- Elon Musk has mentioned testing self-driving Model Y cars in Austin without safety drivers a month ahead of schedule.
- However, Tesla has not publicly demonstrated fully driverless operation on public roads yet.
- The robotaxi service will likely start with 10–20 specialized Model Y vehicles with teleoperation capabilities.
- Unlike typical robotaxi launches, Tesla's approach seems less transparent and more invite-only, diverging from industry norms observed in companies like Waymo.
- Waymo, the only public robotaxi service in the US, emphasizes thorough testing and transparency in comparison to Tesla's more secretive approach.
- Concerns from the National Highway Traffic Safety Administration (NHTSA) revolve around the safety of Tesla's Full Self-Driving (FSD) feature on which the robotaxi service is based.
- With trust being a crucial factor in public acceptance of self-driving technology, Tesla's controversial reputation and lack of transparency pose challenges for its robotaxi service.
- The success of Tesla's robotaxi business may be hindered by public skepticism towards autonomous vehicles and the company's tarnished image under Elon Musk's leadership.
- While Tesla has loyal supporters, uncertainties surrounding the robotaxi service raise doubts about its potential success in an industry where trust and transparency are paramount.
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Teslarati
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Teslas will self-deliver to customers, Elon Musk says: here’s when
- Tesla CEO Elon Musk plans to have Teslas self-deliver to customers in June, eliminating the need for trips to showrooms.
- Testing of self-driving Model Y cars in Austin has been successful without incidents, a month ahead of schedule.
- The Robotaxi platform launch in Austin is set for June 12, with expansion based on safety results.
- Musk aims for people to be able to fly to Austin and hail a Robotaxi by the end of June.
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TechCrunch
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Tesla alum’s Heron Power closes $38M Series A to transform key grid technology
- Heron Power, a startup founded by former Tesla executive Drew Baglino, has raised $38 million in a Series A funding round.
- The company is working on solid-state transformers that are more compact and responsive compared to traditional analog models, which play a crucial role in the electrical grid by managing voltage levels.
- Heron Power specializes in medium-voltage transformers with various applications, from large substations to residential areas.
- The company plans to begin installations in early 2027 and has secured investments from several notable entities including Capricorn Investment Group, Breakthrough Energy Ventures, and Tesla co-founder JB Straubel.
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Insider
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A group of Tesla investors has 4 big requests for Elon Musk as he steps back from politics
- Some top Tesla investors are urging Elon Musk to return to full-time work at the company and commit to at least 40 hours a week.
- The investors have also requested a clear CEO succession plan, set limits for board members' outside commitments, and bring on an independent director.
- They expressed concerns over Tesla's stock price volatility, declining sales, treatment of workers, and Musk's involvement in politics outside his role at Tesla.
- Musk recently confirmed the end of his time as a Special Government Employee and indicated a renewed focus on Tesla and other projects.
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TechCrunch
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Tesla pleads for Senate to spare its booming energy business
- Tesla's energy business, which brought in $2.7 billion in revenue in the first quarter, is facing threats as House Republicans pass a bill that would undo tax credits for residential solar installations and clean energy projects.
- Tesla has appealed to the Senate to spare the tax credits, warning that abrupt removal could harm America's energy independence and the reliability of the grid.
- The potential repeal of tax credits could jeopardize the deployment of 60 gigawatts of capacity annually, impacting AI and domestic manufacturing growth supported by renewable energy.
- Tesla's energy division and other residential solar installers heavily rely on these tax incentives, and the uncertainty around their future has caused American solar stocks to decline.
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Guardian
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Fight to stop Tesla project in South Australia to continue after council approval
- An anonymous group of Adelaide activists are continuing their fight to stop Tesla from setting up a battery factory in the suburbs.
- Despite strong opposition with 95% of submissions against the project, the Marion city council approved the Tesla factory, citing job creation and economic benefits.
- The protest movement 'Trees not Teslas' is determined to oppose the project due to concerns about tree removal and Elon Musk's associations.
- The state government will now consider whether to approve the council's proposal amidst ongoing public dissent and environmental conservation efforts.
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Teslarati
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Tesla lands on date for Robotaxi launch in Austin: report
- Tesla reportedly set June 12 as the launch date for its Robotaxi platform in Austin, Texas.
- The testing of self-driving Model Y cars on Austin streets has been successful, a month ahead of the June 30 deadline.
- Initially, only ten vehicles will be rolled out with invited riders to prioritize safety during the trial period.
- Elon Musk stated that anyone might be able to visit Austin and experience the Robotaxi by the end of June.
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Guardian
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Tech shares climb after strong Nvidia results despite warning over rise of Chinese rivals
- Technology shares climbed on Thursday following strong results from Nvidia, despite concerns over the rise of Chinese competitors.
- Nvidia's financial report led to a 0.8% rise in the Stoxx Europe tech index and a 2% increase in Nasdaq futures.
- Nvidia's CEO, Jensen Huang, warned about the advancements of Chinese rivals benefitting from the void created by US trade restrictions.
- Tech investors were optimistic after a US trade court ruling against sweeping tariffs, while shares in Tesla rose following Elon Musk confirming his departure from the Trump administration.
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Silicon
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Elon Musk Thanks Trump, As He Exits Doge, White House
- Elon Musk ends his time as a 'special government employee' working for the Trump administration after 130 days, thanking Trump for the opportunity to reduce wasteful spending.
- Musk was in charge of the advisory group 'Department of Government Efficiency (Doge)', focused on cutting US government spending, leading to controversial cost-cutting measures and workforce conflicts.
- Musk's tenure saw chaotic workforce cuts, dismissals, controversy over sensitive data access, and false claims of cost savings at Doge, culminating in his departure as head of the agency.
- Upon returning to his business empire, Musk faces challenges with Tesla's sales decline in Europe, unsold Cybertrucks, and brand damage due to his political activities and far-right affiliations.
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TechDigest
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Elon Musk leaves White House amid political turmoil and business headwinds
- Elon Musk has resigned from his role as a "special government employee" in the Trump administration amidst challenges faced by his businesses, especially Tesla.
- Musk's departure came after a public disagreement with President Trump over proposed spending plans and criticism of a legislative centerpiece for tax breaks and defense spending.
- During his time in politics, Tesla faced a significant drop in sales, a decline in its stock price, and warnings of potential impact on demand due to changing political sentiment.
- Musk's efforts to reduce federal spending through his initiative, the “Department of Government Efficiency” (Doge), led to job cuts and reports of protests and vandalism against Tesla vehicles and dealerships.
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Teslarati
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Tesla investors demand 40-hour workweek from Elon Musk
- Pension fund leaders with Tesla investments are urging the company's board to mandate Elon Musk dedicate at least 40 hours per week to the electric vehicle maker.
- Investors expressed concerns over Tesla's stock price volatility, declining sales, human rights practices, and Musk's external activities impacting the company.
- They called for a 40-hour workweek requirement for Musk, a clear succession plan, and limits on directors' external board commitments to strengthen governance.
- The demands from investors highlight tensions between Musk's expansive vision for Tesla and shareholder expectations amid stock volatility and reputational challenges.
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Bitcoinsensus
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Elon Musk Announces He Is Stepping Down From DOGE
- Elon Musk has stepped down from his role in the Department of Government Efficiency (DOGE) as a Special Government Employee, thanking President Trump for the opportunity to reduce wasteful spending.
- DOGE will continue operations in the government, aiming to reduce inefficiencies, trim federal contracts, and downsize agencies to save money.
- DOGE claims to have saved around $175 billion by cutting inefficiencies, but fell short of the $1 trillion target for savings.
- Musk's involvement in DOGE led to controversy as budget cuts affected essential areas like the Consumer Financial Protection Bureau (CFPB) and Pediatric Cancer Research Funding, leading to backlash affecting Tesla.
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Guardian
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Musk is pivoting from DC and Doge’s failures – and wants investors to know
- Elon Musk announced his departure from the Trump administration and a shift back to leading his tech companies, SpaceX, Tesla, and xAI.
- Musk distanced himself from his unpopular Washington stint, emphasizing his dedication to his businesses after working around the clock once again.
- He criticized Trump's tax bill and highlighted the challenges in improving government efficiency in DC.
- Musk's departure from the Trump administration was confirmed by a White House official without any formal conversation with Trump.
- He acknowledged spending too much time on politics and vowed to focus on his tech empire to save humanity through innovative technologies.
- Musk's pivot away from politics follows Doge's failure to deliver significant budget savings, leading to criticism from Musk on politicians and bureaucrats.
- Musk blamed politicians for hindering Doge's progress, while advocating for radical productivity improvements to save the country from bankruptcy.
- The public backlash against Musk's political involvement affected Tesla's sales and his popularity, prompting a shift back to focusing on his businesses.
- Despite setbacks and criticism, Musk continues to promote ambitious projects like humanoid robots, emphasizing their potential economic impact.
- Musk is returning to selling a future where technology revolutionizes industries, portraying a vision of unlimited economic potential with innovations like humanoid robots.
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The Verge
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Tesla’s iPhone app now supports Live Activities for Supercharging
- Tesla's latest iOS app update now supports Live Activities for monitoring Supercharging progress on the lock screen.
- The new feature displays real-time updates on the charging session, including time left, current charge percentage, estimated cost, charge speed, and energy added.
- This update is available in the Tesla iOS app version 4.45.0 and is the latest major feature addition since the Apple Watch digital key support.
- Tesla is also introducing a 'Child Left Alone' feature in Europe for newer Model 3 vehicles, which alerts owners if a child is left unattended in the car, using in-cabin radars to detect occupants in the front and back seats.
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Teslarati
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Tesla analyst’s firm has sold its entire TSLA position: Here’s why
- Tesla analyst Gary Black's firm, The Future Fund, has sold its entire $TSLA holding, citing concerns over the company's price-to-earnings ratio and future delivery figures.
- Black believes Tesla is disconnected from underlying fundamentals and has a price target of $310 based on their forecast of 2030 Tesla volumes.
- The main concern is Tesla's high P/E ratio of 188x by 2025 as earnings estimates continue to fall, driven by weak YTD deliveries and quarterly decline predictions.
- Black is skeptical about Tesla's Robotaxi platform and affordable models, questioning the value and potential impact on the company's growth and stock performance.
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