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.
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?
The National Highway Traffic Safety Administration (NHTSA) has confirmed that Tesla will be recalling 356,309 examples of the Model 3 presumed to be suffering from a defect that can cause the rearview camera to malfunction. Another 119,009 Model S sedans will also be recalled over a problem pertaining to the frontal hood latch.
The National Highway Traffic Safety Administration (NHTSA) has launched a formal investigation into 580,000 Tesla vehicles sold since 2017 that allowed customers to play video games inside the vehicle. The company has allowed users to play a variety of games while vehicles are in park, some of which allowed drivers to use the steering wheels and pedals as part of the controls, for quite some time. But an over-the-air software update permitted a few of them to be launched while the car was in motion by the passenger in the summer of 2021. Called “Passenger Play,” the service was limited to games that only used touchscreen controls.
It’s since been axed, however, regulators have taken an interest following some manufactured outrage. The NHTSA has faulted the feature as part of the ongoing distracted-driving problem in an attempt to link it to its crusade against Autopilot. The agency has launched a preliminary investigation into 580,000 Tesla Model 3, S, X, and Y vehicles to determine if they’re attention-sucking deathtraps.
General Motors CEO Mary Barra has chimed in on the weeklong open discussion about whether or not it’s a good idea for America to embrace the Biden administration’s EV tax credit plan, which just so happens to be deeply intertwined with the Build Back Better Act’s cavalcade of federal initiatives.
As we’ve already covered the topic more than once, we’ll avoid the recap and simply post the relevant links where Tesla CEO Elon Musk recommended pitching the entire bill into the trash and Transportation Secretary Pete Buttigieg went to bat for the White House by suggesting the updated tax scheme was a necessity for electrification to thrive. Barra opted to go with the latter take, stating that it could help accelerate EV adoption.
U.S. Transportation Secretary Pete Buttigieg has responded to criticisms Elon Musk has made about the Biden administration’s plan for electric vehicle subsidies.
The Tesla CEO believes the Obama-era EV tax credits were more than sufficient, with his own company serving as physical proof, and suggested the entire Build Back Better Act be tossed into the toilet. But Secretary Buttigieg said it was a necessary item if the United States hoped to advance electrification, swiftly transition away from combustion vehicles, and escape the perils of climate change (formerly known as global warming).
Elon Musk has continued bashing the Biden administration’s tax credit legislation designed to spur electric vehicle adoption, this time suggesting that the entire bill be scrapped. Included as part of the Build Back Better Act that’s focused on addressing various social, infrastructure, and climate issues, Musk suggested the entire text simply be done away.
“Honestly, I would just can this whole bill,” he stated at The Wall Street Journal’s CEO Council Summit, appearing remotely from Tesla’s construction site in Austin, Texas.