Lucid CEO Peter Rawlinson recently asserted that Lucid has surpassed Tesla in electric vehicle technology, stating that Lucid is now the tech leader in the industry. “If we look back in time, 10, 15 years ago, Tesla was the tech leader. I think there’s a degree of distraction now, and I think that Lucid has […]
Tesla has introduced a new accessory, the Model Y Air Mattress, priced at $225 ($310 in Canada). This product came online earlier this week, and quickly sold now, now currently out of stock. But interested customers can sign in to their Tesla account to check compatibility and request email notifications for restocking updates. The Model […]
SpaceX has reduced the cost of its Starlink dish to $144 USD in certain parts of Canada as part of its new “regional savings” program. This initiative, originally launched for U.S. customers in 28 states, aims to attract more subscribers by offering significant discounts, reports PCMag. “In Canada, new orders in certain regions are eligible […]
Tesla shareholders have approved CEO Elon Musk’s $56 billion pay package, the electric vehicle manufacturer announced on Thursday. This decision signifies strong support for Musk’s leadership and aims to incentivize him to remain focused on Tesla, his primary source of wealth. Additionally, shareholders approved a proposal to relocate the company’s legal headquarters from Delaware to […]
A report from Morgan Stanley on Wednesday suggests that Tesla might venture into the smartphone market. The research highlights the increasing convergence between cars and phones, noting that the lines between the two are becoming increasingly blurred. Morgan Stanley analysts have been discussing the potential for Tesla to expand into edge computing domains beyond the […]
SpaceX has announced a price reduction for its new V4 Starlink dish from $599 to $499, and introduced a “regional savings” program that reduces the cost further to $299 for new subscribers in specific areas. The updated pricing was revealed on Starlink’s official service plan and checkout pages today (via PCMag). Retailers Best Buy and […]
ARK Investment Management has updated its open-source model for Tesla, projecting an expected value of $2,600 per share by 2029. The forecast includes bull and bear cases, with potential share prices of approximately $3,100 and $2,000, respectively. These estimates are derived from Monte Carlo simulations that account for 45 independent inputs to predict various outcomes […]
General Motors (GM) is reducing its forecasted sales and production of all-electric vehicles (EVs) for this year, citing slower-than-anticipated U.S. adoption of EVs. GM Chief Financial Officer Paul Jacobson announced the company now anticipates producing 200,000 to 250,000 EVs in 2024, down from the previously stated range of 200,000 to 300,000. Despite this adjustment, Jacobson […]
Tesla has launched a large-scale battery energy storage system (BESS) at the Sendai Power Station in Sendai City, Japan. The system, which began operation on May 20, 2024, includes Tesla Megapacks with a capacity of 10.8MW and 43MWh, reports Energy Storage News. Tesla Japan announced the project’s commencement on June 4, 2024. Located in Miyagi […]
Tesla is advancing its Full Self-Driving (FSD) technology in China by partnering with Baidu to upgrade its mapping software. This collaboration is a significant step towards securing government approval for Tesla’s FSD rollout in the region. Last week, Baidu teased the new maps integration in Tesla, and now we have a follow-up on the news. […]
The Boring Company has announced that its latest tunnel boring machine, Prufrock-3, has completed its work at Tesla’s Gigafactory Texas. The tunnel, referred to as “Cybertunnel,” is expected to be operational by July. The company shared the news via a post on X, stating, “Prufrock-3 has emerged in the @Tesla Giga Texas expansion! Cybertunnel will […]
Will Tesla release a Model Y ‘refresh’ in 2024 like it did with the new Model 3? According to CEO Elon Musk, the answer is no. When @CuriousPejjy posted on X, “There’s rumors going around that the $TSLA Model Y Refresh will be ready by next month…I’m having a hard time believing that,” he ended […]
Tesla has started rolling out its 2024.15.5 software update for owner testers and it includes the latest Full Self-Driving (FSD) Supervised version 12.4.1. Elon Musk said a weekend rollout was possible and here it is as promised! This version includes the new cabin camera driver monitoring, which will eliminate the steering wheel nag. But there […]
Unplugged Performance, through its UP.FIT division, has introduced the first-ever Tesla Cybertruck designed for police use. This groundbreaking vehicle, revealed in a recent video, has already attracted interest from law enforcement agencies across the country. The company first teased this was coming back in December. UP.FIT, the global leader in upfitting Teslas for fleet use, […]
Tesla contends that the lawyers responsible for axing Elon Musk’s $56 billion compensation package merit only a small portion of the $5.6 billion fee they requested, arguing that the lawsuit brought minimal advantage to the company. This position was articulated in court documents filed on Friday. Richard Tornetta’s legal team, whose lawsuit led to the […]
