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Teslarati

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Trump transition team reportedly mulls ditching automated driving crash reports

  • President-elect Donald Trump’s transition team is reportedly considering removing the requirement to report crashes involving automated driving systems.
  • This could benefit Tesla and other companies testing autonomous driving systems, as they would no longer need to report accidents.
  • The NHTSA currently requires automakers to report crashes if advanced driver-assistance or automated driving tech was active.
  • Removing this requirement may streamline regulatory processes for self-driving vehicles but should ensure transparency for consumers.

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TechCrunch

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The federal crash-reporting rule Tesla opposes could be on the chopping block

  • The Trump transition team wants to end a federal rule requiring automakers to report crashes when advanced driver-assistance or autonomous driving technology is engaged.
  • Ending the rule would mean federal safety agencies losing the ability to investigate and regulate the safety of vehicles with automated-driving systems.
  • The crash-reporting rule has allowed the National Highway Traffic Safety Administration to analyze data on more than 2,700 crashes, leading to investigations and safety recalls from several companies including Tesla and Cruise.
  • Tesla CEO Elon Musk and the industry trade group, Alliance for Automotive Innovation, have also opposed the rule.

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92% Loyalty and Record Sales: The Untold Story of Why EVs Are Winning the Global Market

  • Electric vehicles sales are growing faster than ever, and 92% of people who own EVs plan to stick with electric for their next car.
  • Around 1.83 million EVs were sold in November 2021, a 32% increase from the same time last year.
  • China is the biggest driver of EV sales, with nearly 70% of the global total. In November, 1.27 million EVs were sold in China.
  • Lower costs over time, environmental benefits, and a better driving experience are the main reasons why EVs are so appealing to their owners.
  • The biggest challenges faced by EV owners are charging infrastructure, upfront costs, and concerns about the battery's lifespan.
  • To make EVs more accessible, governments and automakers are offering incentives, investing in charging infrastructure, and improving battery technology.
  • By 2030, experts predict that more than half of all new cars sold could be electric.
  • The shift towards EVs will lead to cleaner cities, energy independence, and innovation in areas like renewable energy, smart grids, and self-driving technology.
  • If you're thinking about joining the EV movement, now is a great time.
  • Do your research, check incentives, plan for charging, and take a test drive to find the EV that's right for you.

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Teslarati

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Tesla Philippines builds its first Supercharger station

  • Tesla Philippines has built its first Supercharger station at Uptown Mall in Bonifacio Global City (BGC), Manila.
  • The Supercharger station is equipped with four V4 stalls and estimates suggest that it will cost about PHP 1,140 (about $20) to fully charge a Model 3 or Model Y.
  • Tesla Philippines only sells the Tesla Model 3 and Model Y, and the first deliveries are expected in early 2025.
  • The electric vehicle market in the Philippines is still young, and Tesla will have to combat misconceptions about EV power, range, and reliability.

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Tesla China is still pulling lots of customers as Q4 enters final weeks

  • Tesla China delivery centers remain busy as Q4 2024 nears its end.
  • Videos show crowded delivery centers, especially in Shanghai.
  • Efforts by Tesla China, such as discounts and financing deals, seem to be attracting local customers.
  • Elon Musk aims for a record-breaking 515,000 vehicle deliveries in Q4 2024.

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Tesla Cybercab to be showcased at multiple U.S. cities this weekend

  • Tesla Cybercab, the self-driving two-seater, will be showcased at multiple U.S. cities this weekend.
  • The locations include Century City in Los Angeles, CA; Park Meadows in Lone Tree, CO; Tampa Westshore Blvd in Tampa, FL; Gold Coast in Chicago, IL; and Garden State Plaza in Paramus, NJ.
  • Visitors may have the opportunity to sit inside the Cybercab displays.
  • The Cybercab is Tesla's first vehicle designed for autonomy and features a large trunk capable of fitting golf bags, carry-ons, checked bags, bicycles, and even a foldable wheelchair.

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Apparent Tesla Model Y “Juniper” prototype spotted in San Jose, CA

  • An apparent Tesla Model Y “Juniper” prototype was spotted in San Jose, California.
  • The camouflaged vehicle had its front and rear ends covered and was painted black.
  • It was equipped with Gemini Dark Wheels optimized for range.
  • Potential sales of an updated Model Y are expected to be substantial.

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Teslarati

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Tesla Actually Smart Summon (ASS) arrives in China

  • Tesla has officially launched Actually Smart Summon (ASS) in China.
  • Actually Smart Summon enables a Tesla with Full Self-Driving (FSD) to navigate to its driver from a parking spot on its own.
  • ASS is an improved version of Smart Summon, which was rolled out in 2019.
  • Tesla may be using ASS as a way to test the waters for a potential FSD rollout in China.

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Insider

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'You should never bet against Elon': Peter Thiel says Musk understands risk-taking completely differently from other people

  • Peter Thiel praises Elon Musk's attitude to risk and advises against betting against him.
  • Elon Musk's understanding of risk is unique and surpasses that of most people.
  • Thiel believes Musk's success with companies like Tesla and SpaceX reveals his comprehension of risk.
  • Musk's businesses, SpaceX and Tesla, have experienced significant growth and valuation.

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Guardian

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Elon Musk’s six major conflicts of interest with the federal government

  • Elon Musk, the richest man on Earth, has a wide array of potential conflicts of interest with the federal government.
  • Musk owns, directs or invests in industries that touch dozens of departments and agencies of the federal government.
  • Musk's electric car company, Tesla, is worth $1.25tn today and faces challenges in sourcing clean energy, labor disputes and safety deficiencies.
  • SpaceX, a privately-owned company where Musk plays an integral role, is competing with established space companies for billions in federal government contracts.
  • Musk's artificial intelligence startup, xAI, is vying with several other companies and policymakers are contemplating potential rules for the nascent technology.
  • Musk is developing a biotech start-up called Neuralink, focused on developing human brain implants to control electric devices.
  • Musk is a crypto enthusiast and disclosures show he has made personal investments in cryptocurrencies such as Bitcoin and Ethereum.
  • Cryptocurrency is facing regulation and Musk's conflicts of interest with government agencies regulating the industry could undermine Musk's perception of neutrality.
  • Multiple conflicts of interests can affect Musk's companies, such as the investigation of illegal firings by the National Labor Relations Board (NLRB), environmental issues and safety claims which could lead to funding cuts from various agencies.
  • Policy recommendations from Musk's proposed "Department of Government Efficiency" could influence industry regulations in his companies' favor.

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TechCrunch

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Tesla’s loss is Zoox’s gain

  • Zoox co-founder and CTO Jesse Levinson doubted Tesla's ability to launch a robotaxi service in 2024 due to technology limitations.
  • Zoox, owned by Amazon, has hired Zheng Gao, former head of Tesla's Autopilot hardware engineering team.
  • Gao's departure from Tesla is significant as the company aims to develop an unsupervised version of its Full Self-Driving software.

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Teslarati

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Tesla bull ARK offloads over 51,000 shares amid stock run up

  • ARK Invest, a Tesla bull, offloaded over 51,000 shares of the electric automaker on Wednesday night, aiming to equal out the concentration of certain securities within its ETFs.
  • The sale, worth around $21.8 million, came from ARK's Innovation ETF (ARKK) and does not indicate a decision to take a profit.
  • ARK Invest also purchased 348,733 shares of Tempus AI as part of its portfolio adjustments.
  • Cathie Wood, the CEO of ARK Invest, predicts Tesla's fivefold growth in the next five years.

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Tesla Model 3 earns 5-star rating in Green NCAP test

  • The Tesla Model 3 has earned a 5-star safety rating in the Green NCAP test.
  • It achieved an average score of 98% and proved to be one of the most energy-efficient vehicles tested.
  • In specific ratings, the Model 3 RWD scored 10/10 on the Clean Air Index and earned 'Good' ratings in the Energy Efficiency Tests.
  • The Model 3's low energy consumption and minimal greenhouse gas emissions contribute to its impressive performance.

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Tesla’s path to $2 trillion market cap laid out by Wedbush

  • Tesla has a clear path to a $2 trillion market capitalization.
  • The company's growth will rely on projects beyond automotive growth, such as autonomous driving and the release of the Tesla Cybercab.
  • Wedbush analyst Dan Ives believes Tesla's autonomous vehicle projects alone are worth $1 trillion and could help the company reach the $2 trillion market cap threshold by the end of 2025.
  • Tesla's progress in fully autonomous driving and the launch of the Cybercab are key factors for its future value growth.

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Insider

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Elon Musk's record $447 billion fortune means he's nearly $200 billion ahead of Jeff Bezos — and worth more than Costco

  • Elon Musk's net worth reached $447 billion after Tesla stock jumped and SpaceX's valuation rose to $350 billion.
  • Musk's fortune has increased by $218 billion this year, making him nearly $200 billion richer than Jeff Bezos.
  • Musk's one-day gain of $63 billion is the largest in the Bloomberg Billionaires Index's history.
  • With a net worth of $447 billion, Musk is worth more than Costco, Home Depot, and Netflix.

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