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 Elon Musk has been proposed for the Nobel Peace Prize for his efforts to protect free speech, but he shows little interest in accepting such recognition. Musk emphasizes the importance of platforms like X (formerly Twitter) being open forums for free speech as long as it remains non-violent. The early phase of Musk’s…
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 Elon Musk is reportedly sleeping at the Department of Government Efficiency offices near the White House. Musk aims to exercise control over the federal government from his new base in DC. Musk disclosed his sleeping arrangement during an exclusive black-tie dinner. Musk’s actions mirror his previous behavior at Tesla, where he slept on…
Key Takeaways Tesla FSD buyers will receive a free upgrade to Hardware 4 as confirmed by Elon Musk, despite the challenging process. Tesla is continuing improvements on Hardware 3 and has recently released a software update enhancing its capabilities. In a recent earnings call, Elon Musk emphasized the difficulty and necessity of the Hardware 3…
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…