By on January 14, 2022

Tesla is taking another look at cryptocurrency, though this time it looks to be a goof as the currency in question is the meme-based Dogecoin. Though the joke could be on the market because the currency surged up by over 10 percent after Elon Musk made the announcement you could purchase “merch” with it.

Last year, Tesla said it would begin accepting Bitcoin. CEO Elon Musk had taken a visible interest in cryptocurrency and the automaker opted to take a chance on the one format that’s been able to break into the mainstream. Then the company changed its mind, with Mr. Musk referencing the sudden influx of media reports claiming it was bad for the environment.  

“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” he explained. “Cryptocurrency is a good idea … but this cannot come at great cost to the environment.”

Though those who track the crypto markets noticed that Tesla’s decision to dump Bitcoin coincided with a noteworthy dip in its valuation taking place in May of 2021. It also seemed relevant that the automaker announced that it wouldn’t be selling any, including the $1.5 billion it had purchased ahead of time. One month later, the company announced it had made $101 off the currency in the first quarter of 2021. The premise that Bitcoin mining is so detrimental to the wellbeing of the planet that we need to steer clear is also sort of laughable when you consider the number of things that absolutely ravage the environment we’ve collectively decided are acceptable (e.g. international shipping, outsourced fuel refining, private jets, seasonal fashions, bottled water).

Dogecoin was previously by Musk during his 2021 hosting of Saturday Night Live. In the sketch, Elon appeared as a magnate known as “The Dogefather” and explained the numerous benefits of the cryptocurrency using terminology the rest of the cast couldn’t understand.

It seems to me that the man has a genuine interest in digital currencies, particularly Bitcoin, and likes to test how his actions will impact the market. Musk is clearly doing some of this for a laugh. But he’s also in the habit of making money and this is another item in his toolbelt for wealth management. It’s sort of like how Congress has insider trading and corporate bribery or Gwyneth Paltrow has insane fans that will pay anything to look like her via Goop.

I’ve often wondered if the Full Self-Driving (FSD) suite was another joke gone where the company laughed itself to the bank, especially since it was just announced that it’ll soon cost $12,000 starting January 17th. It’s still not clear what you’ll be getting for the money. But Elon says you better get in on the ground floor because prices will continue increasing on FSD as it nears completion — albeit several years behind schedule.

Speaking of which, Cybertruck is reportedly going to be delayed until 2023. According to Reuters, Tesla wanted to tweak the vehicle to make it more competitive against the deluge of electric trucks being prepped by rival manufacturers. It seems to me that beating them to launch would be the clearest path to victory unless there’s something lacking about the polygonal pickup.

From Reuters:

Tesla Inc aims to start initial production of its much-anticipated Cybertruck by the end of the first quarter of 2023, pushing back its plan to begin production late this year, a person familiar with the matter told Reuters on Thursday.

The person said the delay comes as Tesla is changing features and functions of the electric pickup to make a compelling product as competition heats up in the segment.

Tesla is expected to make limited production of the Cybertruck in the first quarter of 2023 before increasing output, the source said.

Given the automaker’s history with delayed launches, I’m not sure who is going to be dumbfounded by the news. Cybertruck was revealed in 2019 and its planned production date has already shifted from the tail end of 2021 to sometime in 2022.

Considering we’ve already missed the revised target, the company is going to have to come up with something to tell the public during the Tesla earnings call scheduled for January 26th. For now, any mention of Cybertruck’s release date has been scrubbed from official messaging.

[Images: Tesla]

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20 Comments on “Tesla Accepting Crypto Again, Cybertruck Delayed...”

  • avatar

    Cybertruck is delayed? Really? I’m shocked. Shocked I tell you.

    • 0 avatar
      Matt Posky

      Yeah I couldn’t believe it either. But I was also blown away that the sun rose this morning.

    • 0 avatar

      Very little was ever revealed about the design of the Cybertruck, probably because it was just a mock up and not production ready – there’s a difference. It was never going to cost as little as $40,000, it was never going to have 11 ga SS body panels, and the fact that they’re trying to figure out wiper blades suggest that they’ve really only just begun to think it through design-wise. Which means 2023 is also unrealistic. Personally I think this product is on the same trajectory as the Roadster 2 and the Semj, and FSD. Always tomorrow, always next quarter, next year, the year after that. Tesla will eventually just stop talking about it.

      • 0 avatar

        @imagefont: Tesla and SpaceX seem to use iterative design. They design and build something, test it out, refine the design, and repeat the process. The CyberTruck shown was the first pass. The prototypes running around now are one or more passes later in the design. As far as not using 11 ga stainless, you absolutely do not have enough data to make that determination. For one thing, you don’t even know the exact composition of those panels. Stainless steel can contain a lot of different alloys and has different properties depending on what’s in it. Trying to figure what the wiper blades definitely doesn’t mean they’ve just started to think it through design wise. Who starts the design of a vehicle by saying hey, before we design this, lets figure out the wipers first, then design the rest of the vehicle? They have a patent for a wiper system, but that might have been too expensive to make or didn’t work, so that might have caught them off guard. Who knows? They’re not the first ones to screw up wipers. I remember as a kid we had wiper issues on the brand new family C3. My dad hated that car. The wipers would get out of sync and hang.

        As far as the Semi goes, it, the R2, and the Cybertruck along with the new version of the Y depend on 4680 batteries and that’s been gating much of the development of those vehicles. Non-prototype versions of the semi have been photographed and the test customers have been installing Megachargers, so soon we’ll see a few on the road in customer livery hauling goods. I think Pepsi and Frito Lay are the first.

  • avatar
    SCE to AUX

    Rather than admit FSD will never work – or never be fully SAE Level 5 autonomous – maybe Tesla is pricing it so high that fewer people will buy it, thus limiting the company’s exposure when the class action lawsuit comes.

    If Tesla is reworking the Cybertruck to make it more competitive, that’s a first for them. Rivian, Ford, and GM have compelling offerings which have certainly drawn away some Cybertruck reservations.

    • 0 avatar

      “Rather than admit FSD will never work –”

      Yeah, that was my first thought.

      I still think the gating factor on the Cybertruck is the battery production. The other issue might be sorting out how to build wipers/wiper for that huge windshield. That’s based on the prototypes seen out driving around still not having the final design wiper attached.

      • 0 avatar
        SCE to AUX

        Could be like the falcon doors all over again, with similar reliability.

        As an engineer, I can imagine saying “how hard could wipers be?”, only to spend the next 3 years slaving in the lab to get something to work.

        I also wonder about crash, safety, pedestrian, and lighting regulations with all the sharp corners and the unconventional shape. Mr Musk is one to fight NHTSA to get his way.

        • 0 avatar

          I think there have been a lot of adjustments to the original design to address some of the issues. I think the edges have been softened and the lighting is different.

          Yeah, I’ve had issues like underestimating simple stuff. Even though I’m experienced enough to know small stuff can bite me and I’m better at planning for it, I’m still amazed when it happens. Something I’m working on now initially I thought a couple of days max, but did allow a couple of weeks. Sure enough, it’s going to take a couple of weeks. Usually, it’s crappy documentation that burns me.

  • avatar

    if they can actually do FSD door to door no mitigation required, they can design a human robot.

    both have been promised forever, neither is showing up any time soon

    • 0 avatar

      Nope, its a barely advanced adaptive cruise system. Watch a video of a “self driving” Tesla try to navigate a left turn in the middle of an intersection, on a yellow light – talk about nerve racking.

  • avatar

    maybe they want to make the cybertruck less ugly? I think the original model S is still a very attractive design. So maybe have that designer, or any actual designer have a look?

  • avatar

    When the Cybertruck was shown it was clearly far from production ready so its has awhile to go. As mentioned above Ford and GM already knew how to make trucks and EVs (sort of) so 1+1=2 and this allowed them get vehicles to market. Telsa got a bit ahead of itself here. Rivian is the one that has impressed me, I thought it was going to be nothing but vaporwear but they made a real thing with some cool features.

  • avatar

    The Cybertruck show truck design hasn’t stood the test of time well. It still looks loony but now also looks stale.

  • avatar

    This Cyber truck shit show is reminding me of Mechanics Illustrated magazines of the 1950’s. Oh, and I’ll bet that thing will weigh three tons plus.

    Also, if Musk was smarter, he should ask $50K for FSD now instead of $12K. I’d bet a huge number of the fanbois would bite off on that cost.

    • 0 avatar

      No way the Cyber Joke, if it ever makes it to market, will weigh anywhere that light. The midsize Rivian tips the scale at over 3.5 tons while the Hummer (and likely the EValanch) tips the scale at 4.5 tons. Note those trucks don’t claim the same range and aren’t using a thick stainless steel body. So I’m expecting 4 or 5 tons.

  • avatar

    The vaporware truck is still vaporware. In a related story, water is wet.

  • avatar

    The best things in life cost right at $1,000 per month.

  • avatar
    Art Vandelay

    I figured Ford and Rivian would beat them to market with electric trucks. Now I bet they won’t get this thing on sale before the Silverado EV

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