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Teslarati
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Elon Musk’s America PAC $1M giveaway lawsuit placed on hold by US Judge
- A state judge from Pennsylvania has placed a lawsuit against Elon Musk's America PAC on hold.
- The lawsuit revolves around America PAC's $1 million voter giveaway program.
- Judge's decision suggests that America PAC can continue the program until after the US presidential elections.
- Philadelphia District Attorney Larry Krasner brought the lawsuit, alleging an illegal lottery scheme.
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Digitaltrends
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Elon Musk reportedly will blow $10 billion on AI this year
- Elon Musk's companies, Tesla and xAI, are estimated to spend $10 billion on AI compute capacity in 2024.
- Tesla has deployed a 29,000 unit Nvidia H100 cluster for training, with plans to have 85,000 H100 equivalent capacity by December.
- xAI has assembled the Memphis supercomputer, running on 100,000 Nvidia's H100 GPUs, aiming to build the world's most powerful AI by December.
- While Musk's efforts are falling behind deep-pocketed rivals, such as Microsoft and OpenAI, who are also investing heavily in AI compute capabilities.
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Shinyshiny
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BYD revenues overtake Tesla’s, Reddit makes profit for first time
- Chinese electric vehicle giant BYD reports quarterly revenues surpassing Tesla's for the first time.
- Samsung is considering rebranding its flagship smartphones away from the 'Galaxy' naming convention.
- Apple announces the new MacBook Pro with three different M4 processors.
- Google reportedly faces a fine of over two undecillion rubles for removing state-run and pro-government accounts from YouTube.
- Reddit reports a quarterly profit for the first time in its 20-year history, with nearly 100 million monthly users and increased revenue.
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TechDigest
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BYD revenue overtakes Tesla, Russia fines Google more than world’s GDP!
- Chinese electric vehicle giant BYD surpasses Tesla's quarterly revenue with more than 200bn yuan ($28.2bn)
- Samsung considers rebranding flagship smartphones away from 'Galaxy' naming convention
- Apple introduces new MacBook Pro with M4 processors, along with iMac and Mac mini upgrades
- Google accumulates a fine of over two undecillion rubles for removing state-run and pro-government accounts from YouTube
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Teslarati
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Tesla launches Powertrain Endurance for Track Mode V3
- Tesla has launched Powertrain Endurance as a new feature for Track Mode V3, aimed at improving vehicle performance on the track.
- Powertrain Endurance allows Tesla owners to select options to optimize their vehicle's track driving performance.
- The feature offers three settings: Standard, Increased, and Maximum, each with different levels of peak output and thermal management.
- Powertrain Endurance is expected to allow Tesla vehicles to perform better over longer track sessions, making multiple laps possible.
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Teslarati
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Tesla exec shares company practice to encourage development of safe vehicles
- Tesla Vice President of Vehicle Engineering Lars Moravy shared a workplace practice that encourages the development of safe vehicles.
- Moravy emphasized that safety is Tesla's top priority and mentioned the active safety features implemented in Tesla vehicles to prevent crashes.
- Moravy expressed how real-life customer stories motivate the Tesla team, and he personally prints out these stories to remind the team of their mission to save lives.
- The focus on safety is reflected in incidents where occupants of Tesla vehicles have survived accidents that would typically result in severe injuries or fatalities.
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Insider
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Tesla's self-driving mode is 'a bit stressful' to use, the cofounder of a robotaxi company backed by Amazon says
- Jesse Levinson, the cofounder and CTO of Zoox, a robotaxi company backed by Amazon, said that using Tesla's Full Self-Driving system can be stressful.
- Levinson drives a Tesla and sometimes uses the Full Self-Driving mode, but he feels nervous because the system can lull the driver into complacency and then make mistakes.
- He believes Tesla's reliance on cameras alone is not sufficient for safe autonomous driving, and more advanced hardware is necessary.
- Zoox, which uses a combination of LiDAR, radar, and cameras, aims to develop a robotaxi that is significantly safer than a human driver.
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Teslarati
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Tesla’s FSD bashed by Zoox executive ahead of robotaxi rollout
- Tesla's Full Self-Driving (FSD) software criticized by Zoox executive ahead of robotaxi rollout.
- Zoox co-founder doubts Tesla's claims of deploying Unsupervised FSD in vehicles next year.
- Zoox executive highlights the need for more hardware in Tesla vehicles for safer robotaxi deployment.
- Elon Musk responds to criticism by pointing out Amazon's bailout of Zoox.
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Teslarati
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Ford reports its Q3 earnings, including $1.2 billion loss on EVs
- Ford reported a $1.2 billion loss on its Model e EV division in Q3.
- The company expects a full-year loss of approximately $5 billion on EVs.
- Despite pricing pressure, Ford achieved $500 million in year-over-year cost improvements.
- Overall, Ford reported a Q3 revenue of $46 billion and a net income of $0.9 billion.
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Insider
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Why Tesla's sales are slipping in California, and what it means for Elon Musk's car company
- Tesla's sales in California have been falling for the third straight quarter, signaling challenges for the company as the EV market matures and competition increases.
- Tesla's market dominance in California remains strong, accounting for over half of all EV sales, despite a decline in market share year-over-year.
- The economic challenges are compounded by CEO Elon Musk's right-leaning political views, which have turned off some customers in the politically progressive state.
- As the EV market matures and new competition emerges, Tesla's aging lineup and previous tactics of price cuts and incentives are less effective in attracting buyers.
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TechCrunch
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Zoox co-founder on Tesla self-driving: ‘they don’t have technology that works’
- Zoox co-founder and CTO Jesse Levinson believes Tesla does not have the technology for a reliable self-driving system.
- Levinson highlights the need for more hardware than Tesla currently uses in its vehicles for building a safer robotaxi.
- He finds Tesla's Full Self-Driving software impressive but also stressful, as it occasionally makes mistakes.
- Meanwhile, Zoox is preparing to launch its custom-built robotaxi in San Francisco and Las Vegas markets.
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Teslarati
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Elon Musk explains why Trump White House would benefit SpaceX Starship
- Elon Musk believes that a Trump White House would benefit SpaceX's Starship program and its plans to send uncrewed missions to Mars within two years.
- SpaceX's Starship rocket has already completed five successful test launches and Musk plans to send the first Starship rockets to Mars by 2023.
- Musk stated that overregulation is the biggest impediment to SpaceX's progress and believes a Trump White House would be more favorable in addressing these issues.
- SpaceX detailed the challenges with overregulation in a blog post, mentioning that government paperwork takes longer than licensing a rocket.
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Teslarati
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Tesla CEO Elon Musk makes bold claim that would be huge for Optimus
- Tesla CEO Elon Musk predicts that by 2040 there will be more humanoid robots than people globally.
- Musk believes that the Optimus robot, developed by Tesla, will play a significant role in this future.
- He stated that Optimus will cost less than $30,000 and expects it to be the most popular product in any industry.
- The Optimus robot is part of Tesla's AI project and is designed to perform various tasks, including childcare and dog walking.
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Bitcoinsensus
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More Robots Than Humans by 2040, Says Elon Musk
- Elon Musk predicts that by 2040 there will be more humanoid robots than humans.
- He received criticism from AI scientist Gary Marcus regarding economic and security concerns.
- Musk's optimistic estimates are based on his involvement in the AI and robotics industry.
- Experts question the feasibility of Musk's predictions, citing challenges in building safe and affordable humanoid robots.
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Teslarati
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Tesla continues California domination, still holding over 50 percent EV market share
- Despite increased competition, Tesla maintains over 50 percent market share in the EV segment in California.
- Tesla sold 159,619 vehicles in California through Q3 2024, holding 54.5 percent market share.
- No other company has significantly impacted Tesla's market domination.
- Although Tesla's market share has declined compared to last year, traditional automakers are expanding their share of EV sales.
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