Stories by Sarah Lee-Jones
Tesla Seeks Retail Investor Support for Musk’s $56B Pay Package
Tesla is seeking the support of its substantial base of retail investors to approve CEO Elon Musk’s $56 billion pay package. According to a person familiar with the matter, Bloomberg reports the company’s board has hired a strategic adviser and is working with an outside law firm to drive this initiative. A dedicated “Vote Tesla” […]
Tesla Counters Claims of Low FSD Subscription Adoption Rates
Recent headlines have suggested that the adoption rate for Tesla’s Full Self-Driving (FSD) service is under 2%, based on data from a small sample size and figures from YipitData. YipitData’s latest analysis indicates that nearly 3,500 Tesla owners trialed the company’s Full Self-Driving (FSD) service over the past month. However, only about 50 of these […]
Carnival’s Entire Cruise Fleet Now Has Starlink Internet
Carnival, the world’s largest cruise company, announced today that 100% of its global fleet is now equipped with Starlink’s high-speed, low-latency internet connectivity. This upgrade enhances the onboard experience for guests and crew by providing faster service, greater capacity, and more reliable Wi-Fi across its fleet of over 90 ships. “Starlink has been a game-changer […]
Tesla Megafactory in Shanghai Gets Construction Permit
Tesla has received a construction permit for a new Megafactory in the Lingang area of the China (Shanghai) Pilot Free Trade Zone, marking a significant expansion of its global manufacturing capabilities. This facility, Tesla’s first energy storage mega factory outside the U.S. market, is slated to begin mass production in the first quarter of 2025, […]
Tesla Rehires Some Key Staff from Supercharging Team: Report
Tesla has started to rehire employees from its Supercharging team, including some key personnel, just weeks after they were abruptly laid off. The move comes after Tesla CEO Elon Musk disbanded nearly 500 members of the team last month, including senior director Rebecca Tinucci and other top managers. Among those rehired is Max de Zegher, […]
Tesla Financing Promo: 0.99% APR for Model Y
Tesla has introduced a promotional financing offer with a fixed rate of 0.99% APR across the United States, significantly reducing monthly payments for new Model Y purchases. To benefit from the offer, buyers must place their Model Y orders by May 31, 2024, and meet the conditions of a minimum down payment of $4,250. The […]
Tesla to Invest Over $500M on New Superchargers This Year
Tesla has announced a major investment in new Superchargers for 2024, according to CEO Elon Musk. On early Friday morning, Musk said on X, “Just to reiterate: Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year.” “That’s just on new sites and expansions, not counting operations […]
FSD for Cybertruck Coming in Summer; Steering Wheel Nag Leaving
Tesla is finally set to roll out Full Self-Driving (FSD) capabilities for the Cybertruck in the coming months, according to CEO Elon Musk. Responding to concerns about the absence of basic lane-keeping assist features expressed by a users on X, Musk replied, “We must focus on FSD for the other 99% of the fleet. Cybertruck […]
GM Seeks to Recruit Tesla’s Former Interns Amid Layoffs
General Motors is actively seeking to recruit software interns impacted by Tesla’s recent downsizing. Laura del Amo, a talent sourcing strategist for GM, made a public appeal on LinkedIn targeting software students affected by Tesla’s decision to terminate its summer internship program. This move comes as Tesla recently announced a reduction of more than 10% […]
Tesla FSD 12.4 Coming ‘Next Week’, Musk Details 12.5, 12.6
When will Tesla release the next version of Full Self-Driving (FSD)? According to the latest update from CEO Elon Musk, that might happen next week. Yesterday, Musk said, “the latest version of Tesla’s (supervised) self-driving will blow your mind,” quoting a post on X, that re-shared an owner’s experience with FSD. The latest version of […]
Tesla to Halt Production at Giga Berlin Amid Expansion Protests [Update]
Tesla will reportedly shut down production at its Grünheide, Germany, plant for one day starting on Friday, in response to protests against its expansion plans. Update: Tesla has confirmed the shut down is one day, not four days, to @SawyerMerritt. According to Handelsblatt, the company has directed all employees to work from home on Friday, […]
Tesla Exec Tom Zhu Reportedly Heading Back to Lead China Business
Tom Zhu has been a pivotal figure in Tesla’s expansion in China since joining the company in 2014. His roles have included Director of Tesla China’s Supercharger project and Vice President of Tesla Global and President of Greater China, contributing significantly to Tesla’s rapid growth in the Chinese market. Under Zhu’s leadership, Tesla has made […]
Tesla Launches Model Y Long Range RWD; Unlock Extra Range Coming
Tesla has launched a new version of its Model Y, offering the Long Range Rear-Wheel Drive in the U.S. This debut comes after the launch of the Quicksilver color option previously only available overseas in Europe and Asia. This new Model Y replaces the previous regular RWD and is priced at $44,990, offering 320 miles […]
Folsom Police Officially Adds Tesla Vehicles to Fleet
The Folsom Police Department has officially incorporated a Tesla Model 3 and Model Y into their fleet, following a successful multi-month pilot program. This addition was sanctioned by the Folsom City Council with a purchase totaling $108,838.28, aligning with the police department’s 2023-2024 vehicle procurement budget. The electric vehicles are designated for use by the […]
Seaspan Completes SpaceX Starlink Across Entire Fleet
Vancouver-based Seaspan, a prominent independent owner and operator of maritime assets in Canada, has announced the successful integration of SpaceX’s Starlink satellite connectivity across its entire fleet, marking a pivotal advancement in its digital transformation. This initiative positions Seaspan as one of the first major containership operators to fully adopt Starlink’s high-speed, low-latency communication services, […]