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Tesla News
Teslarati
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Tesla is about to ship a fix to a big Sentry Mode issue
- Tesla is shipping a fix for the battery drain issue in its Sentry Mode feature with Software Update 2024.38.4.
- The fix aims to reduce power consumption by approximately 40% and will put owners' minds at ease.
- Sentry Mode, which records events near the car, has been used by police departments as surveillance cameras.
- The improved battery drain fix will enable the 'mobile surveillance cameras' to remain active for longer durations.
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Insider
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Tesla short-sellers have lost $8 billion since Donald Trump's election win
- Tesla short-sellers have lost $7.8 billion since Donald Trump's election win.
- Tesla shares surged 38% after the election, leading to significant losses for short-sellers.
- Tesla is seen as a beneficiary of a second Trump term and was a popular "Trump trade".
- Short-sellers are expected to continue covering their positions, resulting in further price increases.
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Teslarati
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Waymo study analyzes collisions with vulnerable road users
- Waymo has conducted a study on collisions with vulnerable road users, sharing the results.
- The study, conducted in partnership with Nexar, reconstructed hundreds of collisions involving pedestrians, cyclists, and motorcyclists.
- The research provides key insights into real-world crash scenarios and is the largest dataset of its kind in the U.S.
- Waymo aims to contribute towards improving road safety for vulnerable road users.
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Teslarati
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Tesla’s map now shows third-party charger availability in Europe
- Tesla's navigation now shows real-time availability at select third-party Superchargers in Europe.
- The feature is available for third-party chargers participating in Tesla's Qualified Third-Party Charger Program.
- To view availability and maximum charging speed, drivers can tap on the charger in question.
- Tesla has been expanding access to its Supercharger network for non-Tesla electric vehicle brands.
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Teslarati
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Tesla rolls out new commands feature for better connectivity
- Tesla is rolling out a new commands feature for its vehicles to make it easier for owners to do things like unlock or pre-heat the cabin without requiring an internet connection.
- Legacy Model S and Model X vehicles will not be able to utilize the new feature.
- The new functionality allows the vehicle and phone to communicate through Bluetooth, eliminating the need for an internet connection.
- Tesla is requiring app version 4.38 or newer to use the offline commands function.
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Evannex
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Tesla’s Trillion-Dollar Journey: What’s Behind the EV Giant’s Record-Breaking Valuation?
- Tesla's recent achievement of reaching a $1 trillion valuation highlights its strong financial performance.
- The company's success is attributed to innovative technology, product expansion, favorable market conditions, and growing demand for electric vehicles.
- Tesla's brand power and market influence have also played a significant role in its record-breaking valuation.
- This milestone signifies the viability of electric vehicles and the confidence investors have in the future of clean energy technology.
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Teslarati
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Tesla shares continue epic surge as market cap leaves $1T in its rearview
- Tesla shares are continuing their epic surge on Wall Street.
- Tesla's market capitalization reaches over $1 trillion, placing it among the top 10 most valuable companies globally.
- Shares are up over 7 percent on Monday morning, following the previous week's surge and a bullish note from Wedbush's Dan Ives.
- The Trump presidency is seen as a potential positive for Tesla, as regulatory barriers may be less tumultuous under a Musk ally.
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Digitaltrends
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Tesla posts exaggerate self-driving capacity: safety regulators
- The National Highway Traffic Safety Administration (NHTSA) has expressed concern over Tesla's false claims about its full-self driving (FSD) software.
- NHTSA opened an investigation into Tesla's FSD software's performance in reduced visibility conditions.
- NHTSA identified social media posts and website content that could mislead viewers into thinking FSD is fully autonomous.
- NHTSA requested Tesla to revise its communication to ensure it aligns with FSD's approved instructions.
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Teslarati
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SpaceX reportedly signs battery supply agreement with LG Energy Solution
- SpaceX has reportedly signed a battery supply agreement with LG Energy Solution.
- LG Energy Solution (LGES) will supply batteries for SpaceX's Starship rocket and its trip to Mars.
- LGES, a long-time supplier of batteries to Tesla, will provide cylindrical lithium-ion batteries for Starship.
- LGES has previous experience in aerospace, having worked with NASA in providing lithium-ion batteries for space exploration suits.
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Teslarati
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India to hold EV import policy workshop in bid to attract Tesla, other EV makers: report
- India is organizing a workshop to encourage electric vehicle makers like Tesla to invest in the country.
- The workshop aims to gather feedback from participants on importing premium electric vehicles at lower import tariffs.
- India launched a scheme last year to attract investors in electric vehicle production and import.
- The workshop's outcomes will likely influence the rules governing India's EV import scheme.
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Teslarati
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BYD closing the gap with Ford
- Chinese automaker BYD reported selling approximately 502,757 vehicles worldwide in October, a 66.5% increase compared to the same month last year.
- BYD's volume production is on par with Ford's year-to-date results.
- BYD raised its annual sales forecast from 3.6 million units to 4 million due to a surge in plug-in hybrid vehicle purchases.
- BYD is closing the gap with Ford in terms of volume production.
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Automotiveaddicts
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Tesla Stock Soars as Musk-Trump Alliance Sparks Investor Optimism
- Tesla’s stock is accelerating as Elon Musk’s surprising alliance with President-elect Donald Trump has ignited a surge of investor confidence.
- Federal records indicate that Musk contributed around $119 million to a pro-Trump spending group.
- Musk is poised to benefit greatly if Trump follows through with his plans to make Musk an “efficiency czar.”
- Tesla continues its focus on self-driving technology. Investors are betting that Tesla’s self-driving initiatives could experience fewer regulatory roadblocks.
- Beyond Tesla, Musk’s other ventures—SpaceX, Neuralink, and Starlink—stand to benefit from his close ties to the incoming Trump administration.
- Trump’s campaign promised a rollback on some of the electric vehicle (EV) incentives put in place by the Biden administration, a move that could shake up the automotive market.
- Tesla will be largely insulated from these changes due to its well-established market dominance.
- Legal disputes over alleged favoritism could arise, but the litigation process tends to be lengthy and complex.
- Tesla—and Musk’s other ventures—stand to benefit from an environment shaped by deregulation and innovation-friendly policies.
- Tesla shareholders promise of further gains as Musk’s companies are positioned for an advantageous future under the new administration.
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Silicon
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Regulator Demands Answers Over Tesla FSD Social Media Posts
- The National Highway Traffic Safety Administration (NHTSA) raised concerns with Tesla regarding its promotion of the Full Self Driving (FSD) feature.
- The agency expressed concerns that Tesla's messaging could lead drivers to believe the FSD feature does not require oversight.
- NHTSA cited Tesla's social media posts, including examples of drivers using FSD in situations that suggested it could be used as a robotaxi without driver attention.
- The agency is investigating the adequacy of Tesla's feedback and information provided to drivers, as well as the potential failure of FSD in specific situations.
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Tech Story
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Elon Musk’s Indian Ambitions: Will Trump’s Win Pave the Way for Tesla and Starlink?
- Elon Musk is aiming to bring Tesla and Starlink to India, facing challenges of high import duties and strong local competition.
- India imposes high import tariffs on fully assembled electric vehicles, making Tesla cars expensive without local manufacturing.
- Indian automakers like Tata Motors and Mahindra & Mahindra oppose relaxation of import duties for Tesla, citing competition.
- India is encouraging Musk to establish local manufacturing, offering advantages like access to a growing EV market and incentives.
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Insider
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Internal Tesla salary database shows Elon Musk's strategy: Lower salaries, bigger stock grants
- Tesla's internal pay database shows that it offers lower salaries than peers but substantial stock grants.
- Tesla's top earners must bet on the company's high-risk and high-reward system.
- Tesla's selective hiring process includes Elon Musk's sign-off for every hire, which involves finding only the most "hardcore" workers.
- Tesla lags behind its peers when it comes to median base pay, based on data gathered from SEC filings.
- Tesla's stock grants make it easier for employees to accept lower base salaries.
- Stock grants at Tesla are typically in the form of restricted stock units, that vest over time.
- Nearly every category of Tesla employee has received some type of stock grant.
- Tesla's stock strategy has proved better than cash in an employee's pocket, said Greg Selker, a managing director at recruitment firm Stanton Chase.
- Tesla's top executives have received stock offerings worth up to $20m each.
- Tesla's mission-driven element allows it to get away with paying less for top talent, said Haely Shaiken, a labour expert.
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