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Economics at teslarati.com

Thursday, May 9

04

Elon Musk hints Tesla is adjusting big complaint with next FSD (Supervised) release

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Elon Musk hinted that Tesla is getting rid of arguably the most complained-about feature with the Full Self-Driving (Supervised) Beta release: the steering wheel nag. Tesla is set to release Full Self-Driving (FSD) version 12.4 sometime…

United Launch Alliance delays the first crewed Boeing Starliner launch

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United Launch Alliance has delayed the launch of the first crewed Starliner launch to no earlier than May 17th at 6:16 pm ET. The delay comes after an upper-stage liquid oxygen pressure relief valve didn’t fully close and was making a…

03

Lucid’s Q1 results invoked quite a reaction from Elon Musk

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Lucid Group reported their results for the first quarter of the year this week, and they had Tesla CEO Elon Musk laughing his head off. Lucid is one of only a few pure EV companies in the United States that does not stem from another car…

Wednesday, May 8

00

Tesla lands in hot water with U.S. Justice Dept. over driver assistance claims

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Tesla and its claims about its self-driving developments have landed the company in hot water with the U.S. Justice Department, as the agency is now opening a probe into whether the company committed securities or wire fraud by misleading…

Tesla no longer needs LIDAR for ground truth data for FSD training: Elon Musk

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Luminar Technologies noted in its letter to shareholders that electric vehicle maker Tesla was the largest customer of its LIDAR products in Q1 2024. During the first quarter, Tesla comprised over 10% of Luminar’s revenue. But as per Elon…

22

Chinese self-driving developer reportedly files for IPO in the US

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Chinese self-driving developer Beijing Momenta Technology Co. reportedly filed for an initial public offering (IPO) in the United States. New of Momenta’s potential IPO in the United States comes as Tesla robotaxi tests in China gain…

20

Tesla Giga Mexico jobs disappear from the company’s career page

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Amid Tesla’s layoffs, the company’s job listings from its official website have disappeared. In December 2023, Tesla Mexico posted new job positions in San Pedro Garza Garcia, Nuevo León (NL), near the company’s next gigafactory. At the…

19

BYD Shark pickup truck to debut in Mexico this month

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Chinese automaker BYD plans to debut its new energy pickup truck, Shark, in Mexico this month. The BYD Shark will make its global debut in Mexico on May 14, 2024. The Chinese automaker was initially rumored to unveil it at the Beijing Auto…

13

Tesla robotaxi tests in China reportedly gets support from local gov’t

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Tesla reportedly received some support from the Chinese government to test its robotaxi concept with Full Self-Driving (FSD) in China. According to China Daily sources, Tesla CEO Elon Musk proposed testing Full Self-Driving functions…

05

Sandy Munro sounds off on Tesla layoffs and Elon Musk hate

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Manufacturing industry expert and Tesla supporter Sandy Munro has shared his thoughts on the recent layoffs at the company, along with sharing a few spicy takes on mainstream media and hate for Elon Musk. In a video shared on his YouTube…

04

Elon Musk ‘recommends investing in Argentina,’ following Milei meeting

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Tesla CEO Elon Musk met with Argentina President Javier Melei in California on Monday, on the sidelines of an economic conference both were speaking at. During the first day of the Milken Institute’s global annual conference on Monday,…

03

Rivian vehicles have been driven over 900 million cumulative miles

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Rivian held its first-quarter earnings call on Tuesday, during which the company highlighted a number of milestones—including how many cumulative miles its R1T, R1S and electric delivery van (EDV) vehicles have driven. On the first-quarter…

02

Rivian reports Q1 2024 earnings as it progresses toward profitability

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Rivian has released its first-quarter financial results for the year, as the company continues to work toward making its electric vehicles (EVs) profitable. In Q1, Rivian had $1.2 billion in revenue, landing above analyst expectations,…

01

Fisker files for ‘reorganization’ in Austria after halting production

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After electric vehicle (EV) maker Fisker halted production at its contract manufacturer’s plant in Austria, the company has now filed for reorganization and court protection in the country. The reorganization filing, which is similar to…

Tesla Model 3 ‘Highland’ brings EV charging closer to gas station stops than ever before

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The Tesla Model 3 “Highland” is bringing electric vehicle drivers closer than ever to gas station stops in terms of duration, according to recent analysts from independent automotive research firm AMCI. AMCI Testing has been preparing an…

Tuesday, May 7

00

Tesla highlights private 5G network at Giga Berlin

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Tesla has highlighted its ultra-fast private 5G network at its Gigafactory in Germany, which is expected to keep the equipment running efficiently over long distances, and with as little latency as possible. In a video posted on its Tesla…

23

Elon Musk talks space, AI and more in Milken Institute interview

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During an interview at a global conference this week, Elon Musk talked about a wide range of themes, from space travel and artificial intelligence (AI), to birth rates, and more. The Milken Institute think tank is holding its annual global…

Tesla Giga Berlin protests impact production schedule

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Protesters at Tesla’s Gigafactory Berlin have caused a slight impact on the company’s production schedule at the plant. Tesla will not open on Friday for production, and all employees will be required to work from home to avoid issues with…

22

Very little of Tesla FSD distance driven is actually useful for training: Musk

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Tesla’s Full Self-Driving (FSD) has been making headlines in recent weeks, as the company expands the software program in preparation for both its upcoming robotaxi launch and its launch outside of North America. This week, however, CEO…

04

Lucid’s mid-size ‘Model Y competitor’ slated for late 2026 production

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Lucid Motors held its earnings call for Q1 this week, during which CEO Peter Rawlinson teased a future electric vehicle (EV) expected to take aim at the Tesla Model Y. During the first-quarter earnings call held on Monday, Lucid focused on…

03

Lucid reports $173 million in revenue and $684.7 million net loss in Q1

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Lucid Motors reported its Q1 earnings this week, showing some improvement from the same period last year despite still having over half a billion in net losses. In its earnings report, Lucid reported a net loss of $684.7 million, down from…

Monday, May 6

00

Nio to unveil Onvo L60 to launch mass-market EV sub-brand

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Chinese electric vehicle (EV) maker Nio is looking to unveil a new model this month under its mass-market brand, along with another, smaller model targeting a sub-$30,000 price tag for one expected to be unveiled next year. Nio officially…

23

Waymo driverless rides to reach seven new Bay Area cities

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Waymo, the driverless ride-hailing company owned by Google parent company Alphabet, is now looking to begin testing in a number of new cities in the San Francisco Bay Area, following the company’s approval to expand gained earlier this…

22

Tesla moves key auto executive amidst layoffs and departures

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Tesla’s Senior Vice President of Automotive is reportedly moving back into a position in China, after leaving the country to help with the automaker’s global operations last year. Tesla’s SVP Automotive Tom Zhu was transferred from…

21

Tesla launches new round of layoffs in massive cost-cutting offensive

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Tesla has launched a new round of layoffs as part of its massive cost-cutting offensive, trimming multiple facets of its business as it navigates between two major growth waves. Several weeks ago, Tesla started laying off employees in an…

Tesla Optimus to receive hands with 22 degrees of freedom later this year

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Tesla’s Optimus humanoid robot seems poised to receive a significant upgrade later this year. As per a recent comment from CEO Elon Musk, Optimus’ hands will be upgraded to have 22 degrees of freedom (DoF). That’s already very close to a…

20

Morgan Stanley posts optimistic Tesla FSD expectations after V12.3.6 experience

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Morgan Stanley analyst Adam Jonas recently shared some thoughts after personally experiencing FSD (Supervised) V12.3.6. Jonas seemed quite impressed with the advanced driver-assist system, noting that it becomes cautious or assertive when…

19

Elon Musk wants this legendary investor to buy Tesla stock

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Elon Musk believes it is an “obvious move” for legendary investor Warren Buffett to buy Tesla stock. Buffett is one of the most successful investors in recent memory and has let the market dictate nearly every decision he makes, including…

10

Hyundai invests $900M+ in self-driving development

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Hyundai is investing nearly $1billion to develop self-driving technology through Motional, an autonomous driving startup. “Hyundai Motor Group decided to obtain stable management rights in Motional to proactively develop autonomous driving…

04

Major Tesla shareholder criticizes Elon Musk amidst pay vote

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One of Tesla’s largest individual shareholders has spoken out against CEO Elon Musk and his stake in the company, as investors vote on the CEO’s recently rejected 2018 pay package. After a Delaware judge ruled in favor of a shareholder in…