Key Takeaways Tesla’s CFO Vaibhav Taneja announced several new product introductions are scheduled for 2025, highlighting a more affordable model. The affordable Tesla model is expected to launch in the first half of 2025. The anticipated affordable model may be known as the Model 2, potentially a stripped-down version of the Model 3 with a…
Tesla has significantly reduced its cost per vehicle to below $35,000 from $84,000 in 2017. The reduction in cost is primarily driven by decreased material costs according to Tesla’s CFO, Vaibhav Taneja. All Tesla factories are preparing to start producing the new Model Y next month, marking a major manufacturing update. The update to the…
Key Takeaways Tesla stock rose despite an earnings miss, driven by investors focusing on optimistic future projections by Elon Musk. Elon Musk indicated potential significant growth for Tesla in 2026 and beyond, emphasizing AI, fully autonomous vehicles, and robotics. A major highlight was the announcement of unsupervised full self-driving services in Austin, Texas, planned for…
Key Takeaways Tesla’s net earnings got a $600 million boost due to a new crypto accounting rule. Tesla’s digital asset holdings surged to $1.08 billion from last year’s $184 million. The FASB now requires companies to mark-to-market their digital assets quarterly. Prior rules had firms report Bitcoin at its lowest value, not reflecting gains. CFO…
Key Takeaways Tesla receives a price target boost from Truist Securities, raising it to $373 amid mixed reactions. Analyst William Stein criticizes the focus on Tesla’s potential releases and a lack of substantial new information on vehicles and AI achievements. Despite missing financial targets in Q4 2024, Tesla’s stock sees an uptick due to promising…
Key Takeaways Tesla is on track to release more affordable models in the first half of 2025 as confirmed in their Q4 2024 Update Letter. The new vehicles will be manufactured on existing production lines, optimizing existing resources for cost efficiency. Tesla’s strategy emphasizes growth in vehicle volumes while being capital expenditure-efficient amidst economic uncertainties.…
Key Takeaways Tesla’s Texas lithium refinery successfully produced its first spodumene, a lithium-containing concentrate. The production milestone was achieved only 18 months after construction commenced. Tesla claims the spodumene production was faster compared to similar plants outside of Asia. The company is on track to fully commission the Texas refinery by 2025. The world of…
Key Takeaways Elon Musk claims that Tesla’s Full Self-Driving (FSD) feature is advanced, leading some drivers to turn it off to avoid annoying beeps when taking their hands off the steering wheel. Musk described a “perverse situation” where drivers switch to manual steering (with their knees) to check text messages, potentially compromising safety. Musk emphasized…
Key Takeaways Tesla’s Q4 2024 report indicates a crash for every 5.94 million miles with Autopilot engaged. Non-Autopilot vehicles recorded a crash every 1.08 million miles. The NHTSA reports a crash rate of one in every 702,000 miles for all US vehicles. Safety reports show a decrease in crash rates from Q3 to Q4 2024…
Key Takeaways Tesla will launch unsupervised Full Self-Driving as a service in Austin, Texas, in June. This marks the first driverless service by Tesla on public roads worldwide. The announcement was made by Elon Musk during Tesla’s Q4 Earnings Call. Austin is chosen as the initial launch location to ensure safety before expanding. The service…