Tag: Tesla Inc.

By on April 21, 2022

Dan O’Dowd, the billionaire founder and CEO of Green Hills Software, has announced he’s running for the U.S. Senate and his campaign has a single platform — destroy Tesla Inc.

“Today I launched my campaign for U.S. Senate to make computers safe for humanity. The first danger I am tackling is @ElonMusk‘s reckless deployment of unsafe @Tesla Full Self-Driving cars on our roads,” O’Dowd tweeted on April 19th.

The tweet was accompanied by a 60-second advertisement that showed clips of various Tesla vehicles equipped with the contentious software nearly striking pedestrians and making other mistakes in traffic while a disembodied voice explains does its utmost to make you feel like Tesla is an evil company that wants its cars to kill people.  (Read More…)

By on April 8, 2022

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.”  (Read More…)

By on March 16, 2022

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.  (Read More…)

By on February 25, 2022

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.  (Read More…)

By on February 17, 2022

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.  (Read More…)

By on February 2, 2022

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. (Read More…)

By on January 31, 2022

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.  (Read More…)

By on January 11, 2022

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?  (Read More…)

By on January 3, 2022

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.  (Read More…)

By on December 3, 2021

Tesla CEO Elon Musk has sold another 934,091 shares of the company, worth a hefty $1.01 billion, as a way to meet tax obligations related to the exercise of options to buy 2.1 million shares. But it’s just a drop in the bucket, as Mr. Musk’s offloading of Tesla stock has surpassed $10 billion overall. That’s roughly 10.1 million shares since the CEO asked Twitter users at the start of November whether or not he should dump 10 percent of his existing stake in the company following its big move to Texas.  (Read More…)

By on November 2, 2021

Following claims that Tesla’s “Full Self Driving” beta caused some vehicles to experience erroneous forward collision warnings and the automatic emergency braking system stopping cars for no discernable reason, the manufacturer has filed a probable fix with the National Highway Traffic Safety Administration (NHTSA).

The recall encompasses 11,700 equipped with FSD beta software version 10.3 that was released on October 23rd. While Tesla says that the vast majority of the vehicles selected to test the new code were already fixed via over-the-air updates, 0.2 percent of the whole still had not been issued a fix as of October 29th. Affected cars include every Tesla model ever made, provided it’s from the 2017 model year or later.  (Read More…)

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 business(Read More…)

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