Category: Tesla

By on November 10, 2021

Toyota

Back in 2010, if you wanted to be seen as an eco-conscious consumer who was on the cutting edge of forward-thinking tech, you drove a Toyota Prius. Heck, even George Clooney drove one to the Oscars – and Clooney is cooler than you (or me, anyway). The Prius was such a hot seller that Toyota reportedly looked into the possibility of spinning it off into its own brand.

That, as they say, was then. Today, Toyota has fallen significantly behind market leader Tesla in the race to bring EVs to the mainstream. There are many reasons for that, of course – but big bets on stillborn hydrogen fuel cell technology and more than a little bit of overconfidence in the size of its market lead certainly played a part.

It didn’t have to be that way – and, in fact, Tesla’s trillion-dollar story could have gone very, very differently for Toyota. All they needed was a little bit of money, and a lot of cynicism.

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By on November 2, 2021

Tesla shares took a dip on Tuesday after Tesla CEO Elon Musk tweeted that its deal to provide Hertz with 100,000 electric vehicles had not been ratified with the signing of a contract. While this normally means the deal had not been finalized, the language used by Musk almost makes it sound like whatever Hertz had been claiming previously didn’t even matter.

“You’re welcome! If any of this is based on Hertz, I’d like to emphasize that no contract has been signed yet,” the CEO said in reference to Tesla’s share price pitching upwards by over 8 percent. “Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers. Hertz deal has zero effect on our economics.” Read More >

By on October 25, 2021

After managing to avoid what appeared to be certain death, Hertz has decided to purchase 100,000 Tesla vehicles before the end of 2022. Considering the firm was filling out Chapter 11 bankruptcy forms this time last year, the estimated $4.2 billion expenditure designed to ensure that 20 percent of its global fleet is electric does feel slightly frivolous. But Hertz says it’s getting out ahead of the curve and is interested in becoming a “mobility company,” rather than a business that just rents people automobiles. Read More >

By on October 25, 2021

Tesla Inc. pulled its Full Self Driving (FSD) beta off the table over the weekend, with CEO Elon Musk stating that testers had been “seeing some issues with [version] 10.3.”

To remedy the issue, the company has reverted back to FSD 10.2 temporarily. Musk made the announcement over social media on Sunday morning. The following day, he had already promised that version 10.3.1 would be coming out to address problems encountered during the exceptionally short public testing phase.

“Please note, this is to be expected with beta software,” the CEO noted. “It is impossible to test all hardware configs in all conditions with internal QA, hence public beta.” Read More >

By on October 8, 2021

Tesla CEO Elon Musk has officially announced that his company would be moving house this week. Currently nestled upon the bosom of Silicon Valley in Palo Alto, CA, the automaker has expressed its intent to establish a new base of operations in Austin, TX. While this situation has been a long time coming, it’s not quite the prompt walkout that everyone was predicting 17 months ago.

At the start of the pandemic, Musk found himself at odds with local officials pushing strict COVID lockdowns. The CEO had wanted to keep the all-important Fremont facility up and running at the start of 2020, suggesting workers could simply choose to stay home without there being any negative repercussions (or pay). Told again to shut down, Tesla sued Alameda County on the grounds that its orders were unconstitutional and violated a return-to-work mandate recently issued by Governor Gavin Newson. Before long, Elon Musk was openly confessing he was fed up with the state of California and would be relocating the businessRead More >

By on October 1, 2021

Earlier this week, Elon Musk announced that Tesla would begin offering the Full Self-Driving (FSD) Beta to testers that had achieved sufficiently high marks in its new “safety score.” While company has repeatedly promised to launch FSD in earnest, which costs $10,000 to purchase or $199 a month to rent (depending on which version of Autopilot you’re using), the system has been habitually delayed from getting a widespread release. This has upset more than a few customers operating under the assumption that having bought into the service actually meant something.

That said, the rollout has technically begun and continues encompassing more users. But regulators are annoyed that the company is now testing FSD’s functionality on thousands of paying customers and the terms in which Tesla is offering FSD has changed in a manner that makes your author extremely uncomfortable. The automaker originally intended to provide the system via a simple over-the-air (OTA) update as availability expanded. However Tesla now has a button allowing drivers to request FSD by opening them up to a period of scrutiny where their driving is digitally judged. Despite your having already shelled out cash for it, access to the beta is determined by the manufacturer’s safety score.  Read More >

By on September 23, 2021

Last month, the U.S. National Highway Traffic Safety Administration (NHTSA) proposed new rules that would increase fines for automakers who previously failed to adhere to fuel efficiency requirements. EV manufacturer Tesla has predictably endorsed the rules and has begun urging the federal government to put the plan in action as soon as possible.

While automakers have issued concerns that increasing penalties could cost them over $1 billion per year through regulatory fines and the purchasing of carbon credits, Tesla has been asking the Biden administration and a U.S. appeals court to expedite the process and make the proposals binding. Though that’s undoubtedly because the company sells its credits to the tune of at least $350 million annually and doesn’t build a single automobile that’s powered by gasoline.  Read More >

By on September 1, 2021

The U.S. National Highway Traffic Safety Administration (NHTSA) has identified another traffic incident pertaining to Tesla’s driver assistance features and emergency vehicles, making the current tally twelve. These wrecks have been a matter of focus for the agency ever since it opened a probe to determine whether or not Autopilot can handle hiccups in the road caused by scenes where flares, cones, disabled automobiles, and first responders coalesce.

Though concerns remain that Tesla is being singled out unjustly when there’s little evidence to suggest that other manufacturers are providing more capable systems. Tesla’s issues appear to be heavily influenced by irresponsible marketing that makes it seem as though its vehicles are self-driving when no manufacturer can make that claim. U.S. regulators now want to place more restrictions on vehicles boasting autonomous features and, thus far, Tesla has been behind on those trends. But it’s hard to support claims that they make vehicles safer when none seem as effective as they should be.  Read More >

By on August 20, 2021

Tesla announced at its AI Day that it plans to build a humanoid robot.

It’s apparently not a joke, despite the fact that the company used a human dancer in a Spandex suit as a stand-in for the real robot.

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By on August 16, 2021

The National Highway Traffic Safety Administration (NHTSA) has been keeping tabs on Tesla’s Autopilot for years, sometimes giving crashes involving the system a bit more attention than they otherwise would have. But the extra scrutiny seemed to dissipate as practically every automaker on the planet introduced their own advanced driving suites and Telsa seemed to preemptively adhere to fast-approaching government regulations (and industry norm) by introducing driver-monitoring cameras.

On Friday, the NHTSA returned to business as usual and announced it had opened a preliminary evaluation of Autopilot to determine if there were any problems with the system. The agency has claimed it received at least 11 verifiable crash reports since 2018 where a Tesla product struck at least one vehicle that was already at the scene of an accident. It’s sort of a weird metric but allegedly worthy of the NHTSA wanting to look into every model the company produced between 2014 and 2021. However, actually reading the report makes it sound like the agency is more preoccupied with how Tesla’s system engaged with drivers, rather than establishing the true effectiveness of Autopilot as a system.  Read More >

By on August 13, 2021

Tesla Gigafactory has been hit with more red tape than a last-minute Christmas present and is reportedly nearing completion. Elon Musk even suggested the facility could be producing vehicles by the end of October. However, some of the language emanating from his recent 0n-site engagement has us wondering what the odds are on that becoming a reality. The facility has already been delayed on more than one occasion by environmental activists and bureaucratic hang-ups. Though it now appears to be within a few weeks of commencing operations, Tesla’s CEO didn’t sound overly optimistic about the target.

On Friday, Musk met with Armin Laschet — Germany’s leading Conservative candidate to succeed Angela Merkel as chancellor — to tour the grounds of Gigafactory Berlin (technically Gruenheide). Though the main event was Elon’s preceding meeting with local Brandenburg officials that have not yet given final approval on the facility, citing ecological concerns.  Read More >

By on August 10, 2021

Tesla’s Cybertruck has been delayed. The automaker updated its online vehicle configurations to reflect that the model will no longer be arriving in 2021. The pickup’s new launch date is set for sometime in 2022, with no hints on what part of the year the company plans on getting the assembly lines humming.

Though there’s little reason to get bent out of shape. Tesla has always been notorious for delaying vehicles and the automotive sector is currently in a state where you’d probably be more shocked to learn that Cybertruck was arriving on time. Besides, Tesla now has more time to dangle the model in front of consumers as a way to keep itself relevant.  Read More >

By on July 28, 2021

This year has already seen price increases across the board, thanks largely to the supply crisis created in the wake of our response to the pandemic. As it turns out, shutting down the global economy wasn’t ideal for maintaining business as usual and nobody in charge seems all that interested in returning things to normal. Automotive prices have become particularly troublesome, as manufacturing costs have risen and a deficit of product has made this a seller’s market.

Tesla has been raising rates all year, particularly on its higher-volume models. By June, price bumps had become so common with the brand that CEO Elon Musk had to address the matter. He blamed industry-wide supply chain pressures, noting that raw materials had become particularly costly. While a totally rational explanation, there are problems with it when you realize those end-of-line price hikes aren’t being extended to China. Read More >

By on July 27, 2021

Tesla

Comments made by Tesla boss Elon Musk and other company execs on an earnings call seem to suggest that Tesla Cybertruck production may be delayed.

That doesn’t necessarily mean the truck will be a flop, as I’ve predicted, but it’s not great news for Tesla, either.

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By on July 14, 2021

Despite achieving a miraculous global expansion in a period where established industrial conglomerates and regulatory hurdles make it nearly impossible for new automakers to persist, Tesla’s German facility is running behind schedule. Production at the Gruenheide plant (aka Giga Berlin or Gigafactory 4) was originally planned to commence this month, with deliveries kicking off shortly thereafter. But those targets have been shifted closer to the end of this year or the more likely scenario of early 2022.

As Tesla would still like to supply the market, its facility in Shanghai will begin shipping vehicles to Europe in August until local production can be achieved. Model Y crossovers will be imported from China until its German site has its assembly lines humming, which has turned out to be a harder task than the automaker anticipated.  Read More >

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