Human-Curated Media Monitoring: Tesla, Inc. with ticker TSLA [Delayed] Tesla Robotaxi unveil on 8/8 /@elonmusk/ Thank you for reading Securitiex on Substack.
elonmusk: Should Tesla invest $5B into @xAI, assuming the valuation is set by several credible outside investors?
(Board approval & shareholder vote are needed, so this is just to test the waters)
YES 67.9%
NO 32.1%
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@elonmusk: Looks like the public is in favor. Will discuss with Tesla board.
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☑️ #250 Jul 22, 2024
Humanoid robots in 2025
@elonmusk: Tesla will have genuinely useful humanoid robots in low production for Tesla internal use next year and, hopefully, high production for other companies in 2026
@niccruzpatane: Tesla vehicles don't need oil changes, spark plug replacements or transmission flushes, ETC. This is only the maintenance it requires. Owning a Tesla makes your life much easier
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☑️ #248 Jul 15, 2024
Networking engineers & technicians
@elonmusk: Both @Tesla and @xAI are looking to hire networking engineers & technicians
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@xai: Come help xAI route photons as a elite fiber tech in Memphis!
🔹Related content:
@elonmusk: Nice work by @xAI team, @X team, @Nvidia & supporting companies getting Memphis Supercluster training started at ~4:20am local time. With 100k liquid-cooled H100s on a single RDMA fabric, it’s the most powerful AI training cluster in the world!
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☑️ #247 Jul 15, 2024
Robotaxi delayed
@WR4NYGov: What's really going on with the Tesla robotaxi event on August 8th? Did Elon Musk suggest a MASSIVE engineering change that left Tesla engineers SPEECHLESS? (Yes) Is the event delayed? (Not yet) Watch the video for more ...
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@elonmusk: Requested what I think is an important design change to the front, and extra time allows us to show off a few other things
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☑️ #246 Jul 4, 2024
Short sellers
@DeItaone: TESLA SHORT SELLERS HIT WITH $5.7 BLN UNREALIZED LOSSES IN LAST WEEK'S RALLY, TAKING YTD LOSSES TO $1.7 BLN - ORTEX TECHNOLOGIES
🔹Related content:
investor.gov: [Excerpt] A short sale generally involves the sale of a stock you do not own (or that you will borrow for delivery). Short sellers believe the price of the stock will fall, or are seeking to hedge against potential price volatility in securities that they own.
If the price of the stock drops, short sellers buy the stock at the lower price and make a profit. If the price of the stock rises, short sellers will incur a loss.
investor.gov: Investor Bulletin: An Introduction to Short Sales.
public.ortex.com: [Excerpt] Once a short seller has borrowed shares and sold them in the open market, the investor still must return the borrowed stock at a later time to close out the position and realize any gain or loss. This is why open short positions can be seen as pent-up buying demand. While a short seller can potentially hold the short position for an extended period of time, the market’s natural tendency to trend higher over long time horizons adds potential pressure for a short seller to close out the position.
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☑️ #246 Jul 4, 2024
Tesla Robotaxi Patent Application
@Teslaconomics: Your Tesla Robotaxi is going to be the cleanest ride-hailing option. Why? Tesla has developed a new patent for automatically cleaning the inside of its vehicles. The system uses sensors to detect conditions like temperature, humidity, and germs, then creates a custom cleaning routine using HVAC systems, UV light, or steam. It automatically cleans the vehicle when it's empty, adapting based on weather and how the car has been used. This makes sure that each time a new passenger gets in, the car is sanitized and safe.
🔹Related content:
patents.google.com: Controlling environmental conditions in enclosed spaces.
[Abstract] The present disclosure relates to systems and methods for sanitizing an enclosed space that can be shared among multiple persons. In some embodiments, a sanitation system detects a current environmental condition associated with the enclosed space to generate sensor data. The sanitation system then obtains or generates a sanitation routine based at least in part on the sensor data. Based on the sanitation routine, the sanitation system causes a component associated with the enclosed space to adjust the current environmental condition toward a target environmental condition, where the sanitation routine specifies the component and the target environmental condition.
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☑️ #245 Jul 3, 2024
Elon Musk vows Bill Gates will be ‘obliterated’ if he doesn’t stop shorting Tesla
fortune.com: [Excerpt] The duo’s rivalry became public after an exchange leaked in 2022 showing the world’s wealthiest entrepreneur had refused to support Gates’ charitable work upon learning the latter still had a half billion dollars riding on a wager the Tesla stock price would fall.
@elonmusk: Once Tesla fully solves autonomy and has Optimus in volume production, anyone still holding a short position will be obliterated. Even Gates.
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☑️ #244 Jul 2, 2024
Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Second Quarter 2024
ir.tesla.com: [Excerpt] AUSTIN, Texas, July 2, 2024 – In the second quarter, we produced approximately 411,000 vehicles and delivered approximately 444,000 vehicles. We deployed 9.4 GWh of energy storage products in Q2, the highest quarterly deployment yet.
@SawyerMerrit: This is how crazy Tesla Energy's battery storage deployment growth was in Q2 2024. Up 157% YoY, and up 132% QoQ.
This suggests Tesla's Lathrop Megapack factory is almost nearing full operational capacity, which is 40 GWh per year. Tesla's new Megapack factory, currently under construction in Shanghai, is also designed to have a 40 GWh annual capacity. This new factory is expected to start production in the first or second quarter of 2025. Tesla Energy is just getting started.
FinChat: [Excerpt] Deliveries are seen as a leading indicator for Tesla’s overall revenue, which is why Tesla’s stock jumped 26% this week, but changes in the average selling price can impact the total sales as well. Tesla is slated to report its full 2nd quarter earnings figures on July 23rd.
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☑️ #243 Jul 2, 2024
From Palo Alto to San Francisco
@WholeMarsBlog: Hey Silicon Valley — Any 2016+ Tesla can now drive one hour from Palo Alto to San Francisco completely hands free. It's like having your own personal CalTrain you can park in your garage. A Tesla is an essential tool for serious people. Watch in 4K:
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☑️ #242 Jul 2, 2024
Tesla China delivers 71,007 vehicles in June, down 24.2%
@Sino_Market: CHINA JUNE NEV WHOLESALE +28% Y/Y OR +8% M/M TO 970,000 UNITS, CPCA PRELIMINARY DATA SHOWS. TESLA CHINA DELIVERED 71,007 UNITS, -24.2% Y/Y. BYD DELIVERED 340,211 UNITS, +35.2% Y/Y. #TESLA$TSLA
jczuleta: More and more robotaxis are popping up nowadays. #Tesla's one won't be alone. That's for sure. The question is what will make @elonmusk's robotaxi different? We will have to wait until 8/8 to find out. #Lithium
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☑️ #240 Jun 20, 2024
What's the value of Elon Musk's stock option pay package?
@Tesla_Megapack: 43 MWh of Tesla Megapacks are now operating at @keneskoho's site in Sendai, Miyagi in northeast Japan – the first utility-scale Megapack site to provide frequency control to the Japanese balancing market
tesla.com: [Excerpts] Megapack. Massive Energy Storage - Case Studies:
Angleton, Texas: The Gambit Energy Storage Park is an 81-unit, 100 MW system that provides the grid with renewable energy storage and greater outage protection during severe weather.
Related content:
Soldotna, Alaska: Homer Electric installed a 37-unit, 46 MW system to increase renewable energy capacity along Alaska’s rural Kenai Peninsula, reducing reliance on gas turbines and helping to prevent outages.
Related content:
Victoria, Australia: The Victoria Big Battery—a 212-unit, 350 MW system—is one of the largest renewable energy storage parks in the world, providing backup protection to Victoria.
Musk Shifts Tesla Incorporation to Texas After Investor Vote (1)
bloomberglaw.com: [Excerpt] Tesla Inc. has officially shifted its incorporation to Texas from Delaware, according to paperwork filed with the Texas secretary of state’s office.
The move unites the company’s legal home with its physical headquarters, which have been in Austin for years. The paperwork was submitted late Thursday, following a vote by Tesla investors in favor of the departure from Delaware.
votetesla.com: Tesla Stockholders, Time is Running Out.
In the past six years, Tesla created over $735* billion in value for all of you while advancing our mission. The future value we are poised to deliver for you is at risk. We need your vote NOW to protect Tesla and your investment.
Vote FOR Proposals 3 and 4.
Proposal Four > 2018 CEO Performance Award: In 2018, Tesla stockholders overwhelmingly approved a CEO Performance Award that incentivized Elon Musk to deliver transformative and unprecedented growth.
In order to receive any compensation whatsoever for his work as CEO, Elon needed to meet ultra-ambitious financial and operational targets over a 10-year period. Elon met these targets, which created tremendous value for stockholders.
The Texas legal framework is strong, fair and more appropriate to our mission. The decision to redomicile in Texas has been under consideration by independent directors for some time and approved by an independent and disinterested Special Committee. It is responsive to feedback from our stockholders – large and small – who have urged us to leave Delaware for a location more conducive to our growth plans.
Why Texas?
Our global headquarters – and future – are in Texas
Our largest manufacturing facility – Gigafactory Texas – is based there and we are continuing to invest in the expansion of our campus, which we believe is the second-largest building by volume in the world
We have thousands of employees in Travis County, Texas
Reincorporating in Texas builds on Tesla’s relationships with the state and local communities
Redomiciling requires NO change to headquarters, job, management, properties, facilities, headcount, obligations, assets, liabilities or net worth
Texas corporate law is well developed
The Texas legal regime is strong, fair and more appropriate to our mission
The state has invested in a specialty business court to handle complex commercial matters
Why Not Delaware?
Present growing uncertainty about the future of Delaware corporate law
The Delaware Court has demonstrated its ability and willingness to make decisions contrary to the will of our stockholders
Recent and future litigation risks distracting us from executing on our mission
We spend significant time and resources defending Delaware legal challenges to our business decisions
Raises doubts about our ability to attract, reward and retain executives and our ability to honor contracts and commitments
Item 5.07 - Submission of Matters to a Vote of Security Holders
@elonmusk: Both Tesla shareholder resolutions are currently passing by wide margins!
Thanks for your support!!
Musk announced the preliminary results noting that the support surpassed the required threshold to validate the decision.
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☑️ #235 Jun 12, 2024
Phone us
@DeItaone: $TSLA❖ MORGAN STANLEY THINKS TESLA MAY MAKE A PHONE
Morgan Stanley analyst Adam Jonas says continuing discussions with automotive management teams and industry experts lead the firm to contend "the car is an extension of the phone" and the "phone is an extension of the car" as the "lines between car and phone are truly blurring." In that context, the analyst notes that Tesla CEO Elon Musk re-ignited the topic following Apple's WWDC by saying that making such a device is "not out of the question." The firm, which says the potential strategic and user-experience overlap "becomes more obvious" as Tesla and Musk continue to invest further into their own LLM and genAI efforts, has an Overweight rating and $310 price target on Tesla shares.
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☑️ #234 Jun 11, 2024
Tesla increases production of Semis for PepsiCo and other customers — signaling growth of EV fleets in transportation sector
thecooldown.com: [Excerpt] "There are some narratives that seem to think that electric heavy trucking is still impossible."
At the Advanced Clean Transportation Expo in Las Vegas in May, the head of the Semi program, Dan Priestley, addressed the timeline. Tesla has stated it will begin volume production in late 2025, with deliveries beginning in 2026, per Electrek. The company initially planned on having the Semi come into production in 2019.
Source: TRC’s Clean Transportation Solutions team (formerly GNA)
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☑️ #233 Jun 10, 2024
Tesla Cybertruck Cosplays as Robocop with New Police Upfit
caranddriver.com: [Excerpt] The Cybertruck is being readied for police duty later this year, decked out with lights, sirens, radios, and other tactical options.
UP.FIT says it can also modify the Cybertruck for tactical, military, and search-and-rescue operations. The company can also add prisoner partitions, weapons' storage, and K9 enclosures. UP.FIT can beef up the brakes and tires too and modify the truck for "extreme off-road usage." Internet from Starlink, a subsidiary of Elon Musk's SpaceX, is also available.
Here's why CalSTRS is voting against Elon Musk's $56 billion Tesla pay package
@CNBCtelevision: Chris Ailman, California State Teachers Retirement Systems CIO, joins 'Squawk on the Street' to discuss Ailman's opposition to Elon Musk's $56 billion pay package, Tesla's business model, and much more.
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☑️ #231 Jun 9, 2024
Elon and AI at Tesla
@aelluswamy: @elonmusk has been the key driver of AI and autonomy at Tesla. He has always pushed us to achieve great things, even when such ideas were seemingly impossible at the time. Some examples:
Back in 2014, Autopilot started on a ridiculously tiny computer that only had ~384 KB of memory and puny compute (didn't even have native floating point arithmetic). He asked the engineering team to implement lane keeping, lane changing, longitudinal control for vehicles, curvature, etc. Many, even in the team, thought that the request was crazy. Nonetheless, he never gave up and pushed the team to achieve this very difficult goal. In 2015, beyond all odds, Tesla shipped the world's first Autopilot system. The second closest such product only came to market many years later.
In 2016, Tesla started doing all of the computer vision required for Autopilot in-house instead of depending on external vendors. Many people thought it was insane to bet the product on developing the vision system from scratch within a few months, which had taken other companies a decade or more. Yet, we achieved this target within eleven months. This was a strategically important move that started the development of a strong AI team at Tesla.
Not only did he push for strong AI software, but also for powerful AI hardware. Tesla, which others thought was just a car company, was making custom silicon to run neural networks efficiently. This hardware that was originally designed in 2017, came to production in February 2019 and remains extremely competitive with hardware coming out to date. For reference, this five year old AI computer has roughly 8x the AI inference compute as the state-of-the-art Apple M3 chip. It is still able to run the latest end-to-end neural networks built on top of the latest AI technology.
He was the one who bet on vision and AI to solve autonomy instead of relying on sensor crutches and high-definition maps. For anyone who has experienced the latest versions of FSD, it might be obvious that it can see all the important things and drive the car based on pure vision. However, back in 2020 and earlier it wasn't obvious to most. In fact, many "experts" in the field ridiculed Tesla and Elon for these choices. We have proved them wrong by shipping supervised FSD to millions of cars and shown that with good AI software, the car is able to handle the complexities of city driving such as making turns, handling intersection, yielding to pedestrians etc., just by seeing outside. In fact, we even removed the radars and ultrasonics to just really focus on the heart of the problem, which is AI. Today, it's almost paradoxical that, Teslas have the least amount of raw sensors, yet have the most autonomous capability compared to any production car. Pulling off such a contrary bet was only possible because of his extreme conviction and deep understanding of this problem.
He kickstarted the work on humanoid robots at Tesla in 2021, again before any ChatGPT or other obvious examples of the rise of AI. Just like the vehicle autonomy, Optimus is also being developed to be competent, scalable, and cost-effective in order to widely serve the world.
I could go on, but plainly, Elon is critical for Tesla's success in AI. It is his combination of deep technical understanding, insane perseverance and relentless hard work that have positioned Tesla to be a leader in real-world AI. Elon's technical intuition to make these important decisions way before others see it is unmatched. If not for Elon's ambition, Tesla might have dwindled to become just another car company. In the future, fully autonomous cars and useful household robots will be common place and the world will think that this was how it was always supposed to be. Until then, we need Elon Musk to push the frontier, because he sees it already.
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☑️ #230 Jun 8, 2024
Norway’s oil fund to vote against Musk’s $56bn Tesla pay award
ft.com: [Excerpt] The fund said it appreciated "the significant value generated under Mr. Musk's leadership since the grant date in 2018".
Still, "we remain concerned about the total size of the award, the structure given performance triggers, dilution, and lack of mitigation of key person risk," Norges Bank Investment Management (NBIM), the operator of the fund said.
"We will continue to seek constructive dialogue with Tesla on this and other topics," NBIM added.
nbim.no: Norges Bank Investment Management manages the Norwegian Government Pension Fund Global. We manage assets worth more than 17,000 billion kroner, or about 1,590 billion dollar. The fund is invested in international equity and fixed-income markets and in real estate and renewable energy infrastructure.
Management proposals (4): Ratify Performance Based Stock Options to Elon Musk.
Vote rationale: Norges Bank Investment Management voted against a Tesla Inc. proposal to ratify performance-based stock options to Elon Musk, consistent with our vote on the same award in 2018. While we appreciate the significant value generated under Mr. Musk's leadership since the grant date in 2018, we remain concerned about the total size of the award, the structure given performance triggers, dilution, and lack of mitigation of key person risk. We will continue to seek constructive dialogue with Tesla on this and other topics.
ft.com: Top Tesla investor Scottish Mortgage Investment Trust and one of the longest-standing shareholders of Tesla Inc., wants to stand behind the $56B award.
"We agreed the remuneration package with Tesla back in 2018 because it introduced extremely stretching targets that would make a huge amount of money for shareholders if they were reached,"
Tesla's Latest Proxy Statement Is Materially Misleading
QTR’s Fringe Finance: It's very long. It's very detailed. But it omits some very crucial information about the DOJ investigation and about how immensely wealthy Musk has made the sole member of the "committee of one."
cnstock.com: [Translation] [Excerpt] Baidu: Consider possible cooperation opportunities with Tesla on Robotaxi.
The collaboration would mean another step in advancing Baidu's own robotaxi project Apollo Go
Shanghai Securities News China Securities News (Reporter Yu Liyan) On May 15, Xu Baoqiang, general manager of Baidu's self-driving technology department, told the reporter of Shanghai Securities News that for the Robotaxi (shared taxi) to be launched by Tesla, Baidu will follow the specific application mode of Tesla and the pace of entering the Chinese market. Wait, consider possible cooperation opportunities.
Musk recently posted on the social media platform X that Tesla plans to launch a robotaxi on August 8, 2024. Tesla previously said that the next-generation car platform will include lower-priced cars and self-driving taxis. On April 29, a source said that Tesla will use the advanced assisted driving map (high auxiliary map) provided by Baidu Map for the Chinese version of FSD (Full-Self Driving).
Intelligent Driving We are the market leader in autonomous driving in China in terms of number of test miles and number of test licenses. As of December 31, 2020, we had 199 autonomous driving licenses with extensive geographical coverage in China, compared to the second player which had approximately 20 licenses. A well-known research firm, names Apollo as one of the four global leaders in autonomous driving, recognizing us as the top-tier autonomous driving company from China. Apollo is an open platform, which we believe maximizes the reach and value of our technology. As of December 31, 2020, our Apollo ecosystem has more than 200 partners, tier one suppliers and other strategic partners cumulatively.
With its focus on intelligence, Apollo provides a comprehensive, safe, secure and reliable solution that supports all major features and functions of an autonomous vehicle, helping build intelligent vehicles and smart roads through intelligent transformation. We have an extensive portfolio of autonomous driving technology infrastructures. Our experience in implementing and operating V2X solutions, accumulated test miles, and our deep learning capability helps us train models from real world and simulated data to improve the accuracy and effectiveness of our solutions.
Our ecosystem, industry know-how, road and traffic understanding, technology, experience with autonomous driving operations and cost advantage give us strong competitive advantages in driving the development of the intelligent driving industry, which includes Apollo Self Driving (HD Maps, AVP and ANP), intelligent EVs and robotaxi (autonomous driving fleet operation).
Apollo Self Driving. We have been investing in L3 and L4 self-driving technology to provide automakers with self-driving services. Under Apollo Self Driving, HD Maps supports L3 and L4 selfdriving. In addition, we introduced AVP (our automated valet parking) services in 2018, which allow a driver to get out of the car upon arrival at his or her destination and our L4 solution would enable the vehicle to autopark, and to direct the vehicle to automatically drive to driver’s location out of the parking lot. In December 2020, we introduced ANP (our autonomous navigation pilot) services, which leverage our autonomous driving capabilities. We have signed strategic agreements with 10 leading automakers to power their passenger vehicles with HD maps and/or AVP, and we recently started accepting orders for our ANP services. These products are in the early stage of monetization and their revenue contribution is insignificant.
Intelligent EVs. We recently formed a new EV company and have entered into a strategic partnership with multinational auto manufacturer Zhejiang Geely Holding Group (Geely). We will provide intelligent driving capabilities to power the passenger vehicles, and Geely, which holds the distinction of best-selling Chinese automobile brand in past years under the Volvo and Geely brands, will contribute its expertise in automobile design and manufacturing.
Apollo Robotaxi. Robotaxi operation represents a massive opportunity. We received T4 licenses, the highest level of autonomous driving test license issued by the working group led by Beijing Municipal Commission of Transport, which permits autonomous vehicles to operate in complex driving conditions, including urban roads, tunnels, school zones and other scenarios. In September 2019, Apollo’s first robotaxi pilot program was made available to the public in Changsha, Hunan. Since then, Apollo’s robotaxi service has been made available in Beijing, Changsha and Cangzhou and has expanded into larger networks and more complex road conditions, such as downtown streets. In October 2020, Baidu fully opened the Apollo Robotaxi service to public in Beijing. Robotaxi is in the early stage of monetization and its revenue contribution is insignificant.
Baidu Smart Driving Run: [Translation] [Excerpt] On May 15, Baidu Apollo held Apollo Day 2024 in Wuhan Baidu Radish Fast Running Car Robot Zhixing Valley, showing the major progress of Baidu's ten years of self-driving.
Oil giant BP wants to buy Tesla Supercharger sites in the U.S.
@SawyerMerritt: NEWS. Oil giant BP wants to buy Tesla Supercharger sites in the U.S.
BP “is aggressively looking to acquire real estate to scale our network, which is a heightened focus following the recent Tesla announcement.” It plans to spend $1 billion by 2030, half of it within the next two to three years to install over 3,000 charging points across the US. A key part of the strategy is building large-scale hubs with 12 or more chargers that it calls Gigahubs.
“If there are stranded real estate partners who are looking for someone to call, they should feel free to pick up the phone and call me or look me up on LinkedIn,” Sujay Sharma, chief executive officer of bp pulse Americas, said in an interview with Bloomberg.
BP last year signed a deal to procure about $100 million of Tesla supercharger hardware, with the deployment expected to start later this year and early 2025, the CEO said.
BP boosts EV charging network with $100 million order of Tesla ultra-fast chargers
bp.com: [Transcription] [Excerpts] Deal with bp pulse marks first time Tesla’s ultra-fast chargers will be purchased for deployment on an independent EV charging network.
Agreement forms part of bp’s plans to invest up to $1 billion in EV charging across the US by 2030.
BP pulse, bp’s EV charging business, has already installed more than 27,000 charge points and aims to roll out more than 100,000 globally by 2030.
As early as 2024, Tesla chargers will be installed across the bp pulse network, including at key bp, Amoco, ampm; and Thorntons-branded sites, TravelCenters of America locations and at bp pulse’s large-scale Gigahub™ charging sites, near airports and in major metropolitan areas across the US.
@elonmusk: Accurate analysis. Only about 1/10,000 of distance driven is useful for training. The limiting factor for FSD progress was AI training compute, but now it is validation, as the interventions are so rare.
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@stevenmarkryan: Billionaire Investor BLOWN Away By Tesla FSD v12
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☑️ #222 May 7, 2024
China Passenger Car Association (CPCA) unveiled that Tesla delivered 62,167 vehicles in April
@Sino_Market: CPCA preliminary data shows Tesla China delivered 62,167 vehicles in April. BYD delivered 312,048 vehicles, and Chana delivered 51,682 vehicles. #Tesla$TSLABYD 0.00%↑
@ByeonChansoo: *breaking* @Tesla AI's supercomputer dojo patent is published yesterday (4/25/2024). legacy media has been saying $TSLA is just an automaker for more than a decade now. show me another company who's doing this!
TSMC Technology Symposium: Tesla's Dojo SoW processor is in production
pr.tsmc.com (pdf): [Transcription] [Excerpt] TSMC Celebrates 30th North America Technology Symposium with Innovations Powering AI with Silicon Leadership.
SANTA CLARA, CA, Apr. 24, 2024 – TSMC (TWSE: 2330, NYSE: TSM) today unveiled its newest semiconductor process, advanced packaging, and 3D IC technologies for powering the next generation of AI innovations with silicon leadership at the Company’s 2024 North America Technology Symposium. TSMC debuted the TSMC A16™ technology, featuring leading nanosheet transistors with innovative backside power rail solution for production in 2026, bringing greatly improved logic density and performance. TSMC also introduced its System-on-Wafer (TSMC-SoW™) technology, an innovative solution to bring revolutionary performance to the wafer level in addressing the future AI requirements for hyperscaler datacenters.
Expect a Wave of Wafer-Scale Computers > TSMC tech allows for one version now and a more advanced version in 2027 (4/30/24): [Transcription] [Excerpt] At TSMC’s North American Technology Symposiumon Wednesday, the company detailed both its semiconductor technology and chip-packaging technology road maps. While the former is key to keeping the traditional part of Moore’s Law going, the latter could accelerate a trend toward processors made from more and more silicon, leading quickly to systems the size of a full silicon wafer. Such a system, Tesla’s next generation Dojo training tile is already in production, TSMC says. And in 2027 the foundry plans to offer technology for more complex wafer-scale systems than Tesla’s that could deliver 40 times as much computing power as today’s systems.
Motorhead: With Tesla's "Next-Gen" compact EV on the back burner, its aging Models 3 & Y will drag down earnings with increasing needs for price cuts. Cash could run out.
EV maker Tesla reported its delivery and production numbers on Tuesday that came in well under what investors were hoping for. Tesla reported 386,810 deliveries for the quarter which is a decline of 9% relative to last year and the first year-over-year drop since 2020. Shares of Tesla closed down 6.4% this week
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☑️ #215 Mar 29, 2024
Our 6 millionth car!
@Tesla: Produced our 6 millionth car! Thank you to our owners & teams around the world for your support & hard work—it truly matters.
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☑️ #214 Mar 20, 2024 🟠 opinion
Is Tesla really more valuable than Toyota?
calpaterson.com: [Transcription] [Excerpt] Yes, Tesla is more valuable than Toyota. But Toyota is much closer than it looks based on just market cap.
When you are running a company there are two different ways to raise money:
Sell shares
Borrow money (ie: take a loan from a bank, issue bonds, etc)
Carmakers in fact traditionally prefer to borrow money rather than sell shares.
Canadian arrested for 'stealing secret' to speedy Tesla battery production
theregister.com: [Transcription] [Excerpt] Special tech allegedly lets Musk's assembly lines produce 5-10 times more kit than rivals.
Tesla is not directly named in the complaint – the docs identify the company as Victim Company-1, a "US-based leading manufacturer of battery-powered electric vehicles and battery energy systems" — but giveaway details in the complaint talk about its 2019 acquisition of a Canadian company that has expertise in "continuous motion assembly." Tesla bought Hibar Systems, whose pumps are used by battery manufacturers around the world for electrolyte filling, back in 2019. Hibar has multiple patents in this space, now belonging to Tesla Inc.
Stellantis to Expand Electric-vehicle Charging Options in North America With Adoption of Proposed SAE Standard J3400 Connector
stellantisnorthamerica.com: Stellantis today announced its adoption of the upcoming SAE J3400 charging connector, starting with select battery-electric vehicle (BEV) models launching in North America for the 2026 model year.
North American Charging Standard (SAE J3400)
Stellantis said its first EVs to feature the SAE J3400 plug, also known as Tesla’s North American Charging Standard (also known as the Tesla charging standard), will be out in 2025.
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☑️ #211 Feb 8, 2024 🟠 opinion
Why Does First Breakfast Make Sense for Palantir?
First Breakfast: To win, the Department of Defense must spend more than 1% on software.
finchat.io: [Transcription] [Excerpt] The world’s largest electric vehicle manufacturer delivered underwhelming results for shareholders on Wednesday as it missed estimates on both the top and bottom line.
Additionally, the company stated that it expects its production growth to slow next year as the team works on the rollout of the heavily anticipated cybertruck.
With gross margins down more than 5 percentage points from the same time last year, concerns about diminishing profitability seem to be weighing on the stock.
ChargePoint ranked as #1 on @WeAreGHInsights Leaderboard for EV Charging Networking Companies
☑️ #209 Jan 4, 2024 🟠 opinion
Why Tesla isn’t worried about BYD
restofworld.org: [Transcription] [Excerpt] Two companies, two visions of our EV future.
“A bifurcated market, with BYD selling cheap cars in China and Tesla selling bigger, more expensive models in the West”
Over the past year, BYD’s corner of the marketplace has been much kinder than Tesla’s. Subsidies are being phased out in the United States and Europe, and a wave of new entrants has come in to compete at Tesla’s price point. Someone willing to pay $40,000 for an EV can now pick between options from Ford, Volkswagen, Toyota, and half a dozen other companies that simply weren’t in the game five years ago. So far, Tesla is weathering the challenges well — it was a record quarter, like I said — but there has been a lot to contend with.
There’s also a geographical separation. As we noted in our feature on BYD last year, the vast majority of the company’s sales are inside China, where its close relationship with the central government helps out in countless ways. BYD only started building for markets outside of China in 2022, pushing to expand into countries like India where its close government ties become a liability. Meanwhile, Tesla still makes 46% of its sales in the U.S., according to the numbers in its most recent quarterly filing.
Tesla Sales Rise To New Heights — It’s All About The Y! (Charts & Graphs)
cleantechnica.com: [Transcription] [Excerpt] Tesla continued its upward rise in the 4th quarter of 2023, reaching yet another quarterly record for the brand. Its 484,507 sales (registrations) were higher than the 466,140 sales of the 2nd quarter, Tesla’s previous record. (As a reminder, 3rd quarter sales were down due to Tesla revamping some of its production lines for the new version of the Tesla Model 3.)
Depending on which chart or graph you look at (see below), you have to notice one thing about the company’s growth: it’s built on the Model Y’s growth. Let’s look at one chart and one graph.
Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Fourth Quarter 2023
ir.tesla.com: [Transcription] [Excerpt] AUSTIN, Texas, January 2, 2024 – In the fourth quarter, we produced approximately 495,000 vehicles and delivered over 484,000 vehicles. In 2023, vehicle deliveries grew 38% YoY to 1.81 million while production grew 35% YoY to 1.85 million. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2023.
CPCA: Tesla EV sales in China surge 68.7% in December
cpcaauto.com: Tesla Inc.'s sales of electric vehicles made in China reached 94,139 units in December, a 68.7% annual increase, according to a preliminary report from the China Passenger Car Association (CPCA) on Wednesday; this figure also represents a 14.2% month-on-month growth. In the same month, BYD Auto Co., Ltd.'s passenger vehicle deliveries totaled 341,043 units, marking a 45% yearly growth and a 13% monthly growth. Overall, new energy vehicle sales in China in 2023 amounted to 8.88 million units, a 38% year-over-year increase.
Source: 乘联会
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☑️ #205 Dec 18, 2023
Volkswagen, Audi, Porsche And Scout Motors Brands To Implement The North American Charging Standard In Future Electric Vehicles
media.vw.com: [Transcription] [Excerpt] Future Volkswagen, Audi, Porsche and Scout electric vehicles to use the North American Charging Standard (NACS) charging port, starting in 2025.
Volkswagen, Porsche, and Audi are exploring adapter solutions for existing vehicles to access the Tesla Supercharger network, starting in 2025.
Scout Motors customers will be able to access the Tesla network once its vehicles go on sale.
Agreement intended to expand customer charging access to more than 15,000 Superchargers.
Tesla reportedly kicks off battery project in Shanghai
baha.com: Tesla Inc. officially set its project of producing Megapacks, its powerful batteries, in Shanghai, Xinhua reported on Friday. According to the outlet, Tesla's plan is for the facility to produce 10,000 Megapacks annually.
Optimus Gen 2 features Tesla-designed actuators and sensors, faster and more capable hands, faster walking, lower total weight, articulated neck, and more.
Tesla’s Dojo Supercomputer Head Exits in Blow to Efforts
bloomberg.com: [Transcription] [Excerpt] Venkataramanan replaced with Peter Bannon as project lead Dojo made to handle data, train autonomous-driving software.
Tesla, Inc.’s Dojo supercomputer project lead Ganesh Venkataramanan has left the company, according to people familiar with the matter, in a setback to the automaker’s efforts to develop self-driving technology.
Venkataramanan, who has led the Dojo project for the last five years, departed the EV maker last month, the people said, asking not to be identified discussing confidential information. Peter Bannon, a former Apple Inc. executive and director at Tesla for the last seven years, is now leading the project.
Tesla shares 48V architecture with other automakers to move the industry
@ghosthayes: Elon Musk sends 48V architecture document to other CEOs. How many will read it themselves before they forward to the executive most likely to preserve the status quo.
https://t.co/INxF2wCiR5
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@jimfarley98: They weren't joking. We received the document today, dated Dec. 5th. Thanks, @ElonMusk. Great for the industry!
Tesla vehicles (*Tesla Powershare is currently available for Cybertruck only) equipped with Powershare technology have onboard electronics that unlock your battery’s ability to provide power whenever you need it, wherever you are. Whether you need to power a construction site, pre-game tailgate, another electric vehicle or even your home during an outage, your Tesla vehicle with Powershare has you covered.
Source: Tesla, Inc.
🔹Related content:
tesla.com/cybertruck: [Transcription] [Excerpts] Making sci-fi a reality. Cybertruck deliveries begin today!
More utility than a truck, faster than a sports car
11,000 lbs towing capacity, 2,500 lbs max payload.
Est. 340 miles of range. (Dual Motor)
Travel up to 340 miles* on a single charge—enough to get you into the backcountry and beyond. Recover up to 136 miles of range with just 15 minutes of supercharging.
Go even further with a range extender installed into Cybertruck’s bed, offering up to 470+ miles (est.) of total range. installed separately.
0-60 in 2.6 seconds. (Tri Motor)
Power everything
Integrated outlets: 120v cabin power, 120v & 240v bed power. If the grid goes down, Cybertruck can provide up to 11.5 kW of power directly to your home.
S@SawyerMerritt: Both the Cybertruck AWD (dual motor) and Cyberbeast (tri-motor) have a 123kWh battery. The range extender is a 50kWh pack. Cybertruck can charge up to speeds of 350kW on a V4 Supercharger. It can charge from 15% to 85% in as little as 18 minutes
@TeslaHype: Cybertruck seats directly mounted on the structural battery pack
