#Tesla

Last night, Tesla held a “ Cyber Rodeo” to celebrate the Gigafactory that’s opening in Austin, TX. The invitation-only event saw thousands of attendees, fireworks, a drone light show, Elon Musk in a cowboy hat, and a list of manufacturing promises so long that you almost have to believe that one of them will actually come true.

Among these were claims that Cybertruck would undoubtedly enter into production in 2023, along with the similarly delayed electric semi and Roadster. The CEO also touted Tesla’s often-criticized Full Self Driving (FSD) as poised to revolutionize the world after its public beta test is expanded later this year. Robotaxis are also said to be in the works and a humanoid robot, named Optimus, will help usher in “an age of abundance.”

I am an optimist by nature. One must be, in order to be a lifelong Chicago sports fan — otherwise, the crushing realization that decades of failure are likely to be followed by a future that consists of more of the same might cause a person to take a one-way stroll into Lake Michigan.

I am trying to retain that optimism even as more and more evidence, both empirical and anecdotal, emerges that social media has warped humanity’s brains beyond recognition. I try to see some value in it — surely your second cousin twice removed would be unaware of your recent Jamaican vacation and how much fun you had YOLO’ing if you didn’t have a Facebook account, right?

Surely your 10 Twitter followers must know your thoughts on how to solve the morass in Ukraine, because you have figured out something that world leaders haven’t, and the world just has to know.

Tesla Inc. is briefly suspending production at its Shanghai factory for two days, starting today, as China upgrades restrictions pertaining to a new COVID outbreak. While the rest of the world has been scaling back pandemic-related restrictions, the Chinese Communist Party has begun issuing new mandates after locking down 51 million people at the start of the week. The government has said its part of its no-tolerance approach to the virus after citing roughly 1,700 infections spread across a dozen cities.

This has already started impacting supply chains that have been beleaguered by two years of restrictions already, apparently catching Tesla in the process. Despite Shanghai not having been issued any official orders, there’s been mounting pressure for businesses to temporarily shut down or reinstate protocols to have people work from home.

Tesla is receiving a lot of attention for having increased prices twice in one week. The Model 3, often presented as the company’s most-affordable option catering to the masses, now starts at $48,440 in the United States. Its crossover equivalent, the Model Y, now starts at a whopping $64,400 while larger products have surpassed the six-figure point of entry. Despite being the brand’s oldest model, the Model S saw increases over the summer (when it was just $90,000) and has since settled into $101,200 before you’ve even said the words Plaid or Full Self Driving. But the Model X remains even more expensive at $116,200.

Worse yet, those who can afford such vehicles won’t even be able to get them in a timely fashion. Despite weathering COVID restrictions rather well vs legacy automakers, supply chain issues seem to have caught up with the EV manufacturer. Wait times on order vehicles are now several months long. Some customers are being told that they’ll likely have to wait until 2023, specifically those hoping to score a Model X.

Ford Motor Co. has shared its intent to launch seven fully electric vehicles in Europe, including a battery-electric variant of the Puma subcompact crossover, its best-selling (and looking) passenger car for the market. Though the first EV in its new product offensive will be a midsize crossover helping Blue Oval deliver on a previous promise to manufacture electric vehicles in Cologne, Germany.

The unit is said to capitalize on Ford’s partnership with Volkswagen Group by leaning on the latter entity’s MEB platform that already underpins VW’s ID products and Audi’s e-tron vehicles. Driving range is estimated at 311 miles per charge, with the company anticipating a formal debut later this year.

Tesla CEO Elon Musk has invited the United Auto Workers (UAW) to hold a union vote at the company’s facility in Fremont, California. While this may fool you into believing the executive has had a change of heart in regard to unionization, Musk seems to be inviting the labor group into a trap to dunk on his political enemies.

It’s no secret that there’s been bad blood between Tesla and the Biden administration. The White House has repeatedly left the automaker out of its discussions pertaining to industry regulation and proposed additional financial incentives for automakers using unionized labor to build electric vehicles. As the world’s largest purveyor of EVs by far, Musk believes his organization deserves some acknowledgment and has noted that the UAW is one of the Democratic Party’s staunchest allies. He’s asking for the vote in Fremont because he clearly thinks it will fail.

The Securities and Exchange Commission (SEC) is reportedly investigating whether stock sales by Tesla CEO Elon Musk and his brother, Kimbal Musk, violated insider-trading rules.

Launched in 2021, the probe is looking into shares sold by Kimbal valued at $108 million one day before Elon polled Twitter to see whether or not he should offload 10 percent of his stake in the company, suggesting he would run with the results. Though the tweet itself was a snide way of discussing proposals from Democrat legislators that would have imposed new taxes on unrealized capital gains, effectively money that doesn’t yet (and may never) exist.

Speculators on Wall Street (where else?) have been yammering about the possibility of Ford Motor Company creating a second company for its moving-at-light-speed EV business. To that end, CEO Jim Farley had one thing to say on Wednesday:

“We have no plans to spin off our electric business or our ICE business,” he told people assembled on a finance call.

The National Highway Traffic Safety Administration (NHTSA) has announced it is investigating 416,000 Tesla vehicles after receiving 354 individual complaints of unexpected braking.

America’s largest purveyor of all-electric vehicles was forced to cancel its push of version 10.3 of its Full Self-Driving (FSD) beta software last fall after receiving reports that it was creating problems for some users. Drivers were complaining that the update had created instances of phantom braking after the vehicle issued false collision warnings. However, things only seemed to get worse as complaints to the NHTSA grew more frequent after bumping FSD back to an earlier version.

Tesla and its boss, Elon Musk, stepped in it again this week.

As we reported the other day, Tesla faced a recall of 54,000 vehicles because the company had programmed its Full-Self Driving software to allow rolling stops.

When the Associated Press’s Tom Krisher wrote a pretty straightforward news story describing the recall, Elon Musk called him a “lobbyist” while replying to a tweet.

Tesla is recalling 54,000 cars equipped with its Full Self-Driving (FSD) software over a feature that allows vehicles to roll through stop signs under the right conditions.

While technically still in beta and incapable of legitimate (SAE Level 5) self-driving, the software suite has been a premium item on Tesla products for years. Introduced in 2016, FSD was originally a $3,000 addition to the company’s $5,000 Autopilot system and allowed customers to financially embrace the promise of total automotive autonomy that’s supposedly forthcoming. Features have improved since 2020, when the public beta was officially launched, however the company has remained under criticism for failing to deliver the goods. Among these were allegations that the latest version of FSD allowed vehicles to conduct rolling stops through some intersections. The issue resulted in the public flogging of Tesla online and subsequent recall.

During last week’s earnings call, Tesla CEO Elon Musk confirmed that the Cybertruck would be delayed until at least 2023. That places the polygonal pickup two years behind its original schedule. But who among us with knowledge of the automaker’s production history actually thought it would be delivered on time?

Delaying products has become a hallmark of the Tesla brand and Musk doesn’t seem to be sweating it. Rather than focusing on launching a new vehicle for 2022, the business wants to prioritize increasing capacity and finalizing its move from California to Texas. Now based in Austin, Tesla made $5.5 billion last year compared with the previous record year of $3.47 billion in net income posted in 2020. Musk said the shift into routine profitability is proof that EVs are viable, adding that the company could have done even better if factory output hadn’t been so constrained last year. Unfortunately, those hurdles haven’t dissipated for 2022, encouraging the automaker to wait on both the Tesla Cybertruck and Roadster.

With electric vehicles getting a lot of press, you might be wondering which models are scratching consumers in all the right places.

According to J.D. Power’s U.S. Electric Vehicle Experience Ownership Study, the Kia Niro EV is the best thing the mainstream BEV market currently has to offer. The Korean model garnered a satisfaction rating of 744 points out of a possible 1,000. However, it wasn’t the top dog overall. That honor fell to the Tesla Model 3, which achieved a score of 777 points — besting the industry average for premium electrics by a whole seven points.

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.

While it’s possible to catch a glimpse of a Tesla Model S staging at the local dragstrip, they don’t make many appearances at track days. EVs that weren’t designed specifically for racing circuits typically become undone after a few laps of sustained abuse, with Tesla’s first sedan being no different. Early examples of the Model S even failed to get around the Nürburgring when pushed to the limit, with touring car driver Robb Holland sharing videos of the model forcing itself into limp mode as components began overheating during a test run in 2014. Holland praised the car for its sublime road manners, though concluded it was ill-suited for serious racing.

Things are a little different today. Tesla now holds the fastest single lap of any EV to grace the Nordschleife and sells the Model 3 Performance with a dedicated track mode it plans on extending to Model S Plaid vehicles via an over-the-air (OTA) update. But can some fresh code and a little time really do what’s required to make the sedan a valid track vehicle when the preexisting hardware remains unchanged?