Tesla has added a new feature that will be great for crowded parking lots, congested parking garages, or other confusing times when you cannot seem to pinpoint where your car went. Tesla has added a new Vehicle Locator feature to the Tesla App with App Update v4.51.5. This is the most recent iteration of the app and was priming owners for the slowly-released Holiday Update.
(Bloomberg/Matthew Griffin) Elon Musk is eager to transform Tesla Inc. into a robotics and artificial intelligence company, but the electric-vehicle maker's stock price already reflects those businesses and is at a full valuation, according to Morgan Stanley, which lowered its rating on the company to the equivalent of a hold, its first cut since June 2023. Tesla shares trade at about 210 times projected earnings over the next 12 months,
Percoco took over and immediately adjusted the price target for Tesla from $410 to $425, and changed its rating on shares from 'Overweight' to 'Equal Weight.' Percoco said he believes Tesla is the leading company in terms of electric vehicles, manufacturing, renewable energy, and real-world AI, so it deserves a premium valuation. However, he admits the high expectations for the company could provide for a "choppy trading environment" for the next year.
It will certainly be interesting to write the obituary for 2025. Given that there's one month left in this fiscal year (plenty of time for lots to take place), I wouldn't be surprised to either see an incredible Santa Claus rally materialize into year end, or a continuation of some of the bearish momentum we've seen build form into a full-blown market selloff as investors reposition their portfolios for more downside as this AI selloff continues.
Dr. Michael Burry has been quite vocal of late, thanks in part to the launch of his "Cassandra Unchained" commentary on Substack, which may very well allow the contrarian to be heard like never before. Undoubtedly, Dr. Burry is being heard loud and clear of late, with his commentary surrounding the state of the AI bubble and his bearish stances on a number of overvalued companies that have been driven higher on euphoric AI hopes.
In a country ahead of the pack in the adoption of electric vehicles, Tesla sales have surged by 34.6 percent since the beginning of the year, compared to the same period last year, according to the Norwegian Road Federation (OFV). Tesla's Model Y and Model 3 were the two best-selling vehicles last month across all brands.
It appears that Tesla is indeed considering an RV in its future pipeline, though the vehicle that would be converted for the purpose would be quite interesting. This is, at least, as per recent comments by a Tesla executive on social media platform X. Robovan as an RV Tesla's vice president of AI and Autopilot software, Ashok Elluswamy, hinted at the linitiative in a reply to Y Combinator CEO Garry Tan, who called for a startup to build RVs with Full Self-Driving capabilities.
The $1 trillion pay package for CEO Elon Musk that Teslashareholders approved on Nov. 6-the world's first-was labeled by the board as an exemplar of pay for performance. And at first glance, the program appears to fit that description in a big way: The hurdles it establishes for Musk to receive any compensation at all, let alone achieve the maximum 13-digit payout, appear the ultimate in stretch goals. Skeptical observers might wonder: "How could anyone be motivated by targets this seemingly unachievable?"
McNeill said Tesla was a "learning sponge," McNeill, who was at the EV company between 2015 and 2018, said. During his tenure, Model 3 was in its infamous "production hell," and Tesla had just teased the first image of the Model Y. The former Tesla executive said one lesson learned from Chinese EVs was the reuse of parts - using some of the same guts of one model for another - and that can be seen "across the 3 and the Y."
Design flaws caused a Tesla Model 3 to suddenly accelerate out of control before it crashed into a utility pole and burst into flames, killing a woman and severely injuring her husband, a lawsuit filed in federal court alleges.Another defect with the door handle design thwarted bystanders who were trying to rescue the driver, Jeff Dennis, and his wife, Wendy, from the car, according to the lawsuit filed Friday in U.S. District Court for the Western District of Washington.
IF Metall's latest notice ordered a full work stoppage for all Tesla-related activity at Allround Lack. With the blockade in place, paint jobs on Tesla-owned vehicles, factory-warranty repairs, and transport-damage fixes, will be effectively frozen, as noted in a report from Dagens Arbete. While Allround Lack is a small paint shop, its work with Tesla means that the blockade would add challenges to the company's operations in Sweden, at least to some degree.
Tesla's impressive momentum has been led overwhelmingly by the Model Y, which accounted for 21,517 of Norway's registrations this year, as noted in a CarUp report, citing data from Elbil Statistik. The Model 3 followed with 5,087 units, while the Model S and Model X contributed 30 and 19 vehicles, respectively. Even the parallel-imported Cybertruck made the charts with 13 registrations.
Tesla has a Cabin Overheat Protection feature that helps keep the temperature regulated if it reaches a certain threshold. Inversely, it can be used in cold weather as well, which will automatically warm the cabin if it sinks to a temperature that is too low for the owner's comfort. This is a great way to keep the cabin either warmed up just enough or cooled down just enough so that it never gets too hot or too cold.
Hidden deep within Tesla's latest vehicle update is a number of geofenced regions in California. No explanation, no patch notesjust a cryptic breadcrumb meant to be hidden from the public (at least for now.) But if you dig a little bit deeper, some hints suggest these areas might be the first places where Tesla's unsupervised Full Self-Driving is available to drivers in the near future.