Hey, how bout that bitchin’ new Bronco- whoops! Sorry, got ahead of myself there. The check hasn’t even arrived yet!
In news unrelated to a Ford model Car and Driver wrote 13 stories about in the last 24 hours, a German court has smacked Tesla for misleading its citizens. The ruling, brought on by a complaint from an industry group, involves something that’s plagued the auto industry for years. Essentially, the overstating of a car’s autonomous driving abilities.
Thankfully, we’ve reached a point where even the Associated Press Stylebook is warning about inaccurate self-driving language use, but old habits die hard at Tesla. Germany didn’t like what it heard.
Most car buyers prefer to spend less money for more performance, and the more eco-conscious among us can now get into one Tesla Model Y trim for a lower price, while the loftier version makes a previously optional Performance Package standard.
Tesla has cut pricing on the Model Y Long Range by $3,000 while also giving the Performance trim a boost.
Tesla is reportedly “very close” to achieving complete driving autonomy, according to CEO Elon Musk.
“I’m extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly,” Musk said during a video message for the opening of Shanghai’s annual World Artificial Intelligence Conference.
With the automotive industry seeing losses across the board, most investors could do nothing but watch in horror as sales reports showed the post-lockdown recovery had not yet begun. But there was a faction that ignored the carnage taking place around them and continued to pump money into their preferred auto brand until it became the most valuable automaker in the world.
While it’s a sin for you not to know, we are obviously discussing Tesla Motors — the infallible, gleaming beacon of modern-day motoring.
The firm officially surpassed mega-giant Toyota on Wednesday, with shares trading as high as $1,228 before tapering off in the evening with a market cap of around $220 billion.
Tesla CEO Elon Musk is reportedly cracking the whip again, spurring his company’s workforce into a frenzy of car-building as the end of the second quarter looms.
After posting a surprising first-quarter profit in early April, Tesla warned that the full weight of the coronavirus pandemic — and related lockdowns and sales implosion — would land on its balance sheet in Q2. To keep investor enthusiasm alive, the push is on to make those numbers as rosy as possible.
The National Highway Traffic Safety Administration (NHTSA) said Tuesday it has launched an investigation into Tesla’s Model S. Frequent complaints have arisen of the vehicle’s media control unit going on the fritz and knocking out the vehicle’s touchscreen.
We’ve seen several outlets minimize the issue by suggesting gaps in Tesla’s Autopilot should be seen as more pressing. Apparently, many see potentially faulty touchscreens as small potatoes. But we can’t agree; not when they happen to operate the brunt of the car’s auxiliary functions, and we’ve heard reports of this very problem for years. If you need a refresher course, we covered the matter extensively in the fall of 2019. The gist is that the embedded Multi-Media Controller (eMMC) on MCUv1 units seem to be overworked. Constantly logging data is tough on the system, and this setup didn’t appear to be capable of handling the high load, resulting in flash-memory wear.
To Travis County, Texas, wherein lies the city of Austin, it probably sounds great.
Tesla, which has been on the hunt for a second U.S. production site for months, plans to pitch just such an offer to county officials on Tuesday, Bloomberg reports. In it, the automaker calls the jobs “middle-skill,” which has assembly plant worker written all over it.
There’s a big to-do coming up in Tesla’s social calendar. Dubbed “Battery Day,” the occasion seems to have something to do with…well, you can probably read.
Battery Day, on which Tesla will presumably storm the beaches of electrification technology, is slated for September 15th — the same day as a postponed shareholder meeting.
Money might never sleep, but Wall Street never seems to learn.
We all remember those stories from a few years ago about Tesla being overvalued by investors. Hell, a quick Google shows me there are opinion pieces on that topic from just a few months ago.
Now comes Nikola.
Tesla CEO Elon Musk has made it painfully clear that Texas is his first choice when it comes to locations for a second U.S. vehicle assembly plant. The executive, disillusioned and annoyed with Silicon Valley and the general California experience, had somewhere in the central or southern U.S. on his mind when he started hunting for a new plant location.
A report out of Austin Monday suggests Tesla could be close to sealing a deal.
Tesla’s valuation got a big boost on Wednesday after CNBC published the contents of a company memo. In it, CEO Elon Musk told employees that it’s time to get cracking on the electric semi truck he said would reach customers in 2019.
Could be, especially given the lengthy delay that followed his initial 2017 promise. The timing is even more suspect given this week’s proclamation by a would-be rival.
A Tesla Model 3 became one with an overturned box truck in Taiwan on Monday, raising another red flag for advanced driver-assist features. Since we routinely crap upon driving aids — which never seem to work when and how you need them — we’ll keep this one under 650 words. Fortunately, our task has been made easier by preliminary reports lacking much information and a sizable language barrier.
The incident took place on Taiwan’s National Highway 1 near the Zhongshan High Chiayi Water Section, with the car allegedly operating in Autopilot mode. Video footage shows the Model 3 keeping to the leftmost lane with ample time to stop for the overturned delivery vehicle. There’s even a person standing in the road (likely the truck’s driver), flagging cars to warn them of the giant obstacle. The Tesla, however, failed to notice any of that until it was too late and ended up going through the trailer’s roof.
Tesla shareholders are scheduled to vote in July on whether or not the brand should start advertising product like every other automaker on the planet. It’s something the board and CEO Elon Musk have long resisted, and not without good reason. As a car brand, Tesla probably enjoys more free publicity than anyone else.
Musk has effectively mastered social media. He knows what buttons to press to earn more attention, and his one-man campaign has helped the company get where it is today more than the slickest ad copy could have hoped to.
Tesla also managed to spin this into a strength against would-be critics. Anytime someone laughs at the brand for not spending on traditional marketing, its acolytes point to the Musk talking point that cash is better used for development — a claim that holds some real weight, thanks to the brand having some of the most desirable electric vehicles on the market. But Tesla’s mystique won’t last forever, and it won’t be able to count on Elon Musk’s upper echelon Twitter game indefinitely.
Hoping to reduce the coronavirus pandemic’s strain on its balance sheet, Tesla slashed prices on three of its four models on Wednesday. While the company posted a surprise first-quarter profit last month, no one expects Q2 to be similarly rosy.
Tesla only recently fired up its Fremont, California assembly plant amid a cloud of threats and a lawsuit targeting Alameda County officials. With sales severely hampered by both the weeks-long shutdown and state-level stay-at-home orders, getting new Teslas out of the factory and into driveways becomes even more important than it was before. Perhaps consumers respond well to lower prices…