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In last week’s Tesla shareholders event, Tesla projected an image showing three vehicles in development. Rumors suggest these could be a possible van, the long-awaited Roadster, and a compact car. The idea of an electric minivan has generated excitement despite its smaller market share compared to SUVs and sedans. It could be really useful for many families or converted into a small camping vehicle.
Elon Musk announced at Tesla’s recent shareholder meeting that the company will once again offer Full Self-Driving (FSD) transfers for one more quarter. This decision follows a suggestion from an audience member and will likely be available in Q3. FSD transfers, initially introduced in 2023, let owners with a one-time purchase transfer the software to a new Tesla at no charge. I know Tesla uses this as an incentive, but in my opinion, they should attach FSD to the driver and not the car. That would make the purchase a lot more compelling.
Exciting news for those eyeing the Model 3 Long Range – it’s now fully eligible for the $7,500 federal tax credit in the US, making it a more enticing deal. This change narrows its price gap with the Model 3 RWD, which lacks the credit due to its Chinese-sourced LFP batteries. Meanwhile, in Canada, Tesla adjusted the Model 3 RWD’s pricing in response to BC’s revised rebate criteria.
Tesla’s latest 12.4 update brings so many new features and changes that it may require additional point releases to stabilize. While the new version introduces impressive enhancements, users might encounter a few bumps along the way as minor updates refine the experience, as shown in the video below.
Despite the promised 5 to 10 times improvement in interventions, FSD 12.4 has several glitches, notably erratic lane changes and hesitation at intersections. While it shows potential with smooth U-turns and better pedestrian safety, the overall driving experience feels inconsistent. The removal of the steering wheel nag is a game changer, but the next point update will need to show improvements on those fronts.
Tesla has secured approval to test its Full Self-Driving technology on specific streets in Shanghai with 10 cars, marking a significant step in its expansion into the Chinese market. This initiative could potentially extend to Hangzhou as discussions continue. The move allows Tesla to gather essential data to enhance its FSD system amidst fierce competition from more affordably priced electric vehicles in China.
At Tesla’s annual shareholder meeting, Elon Musk discussed the potential expansion of the Cybertruck into international markets next year, despite its design being tailored for North American standards. This could necessitate a modified version to meet specific local regulations such as Europe’s pedestrian safety rules. Musk also mentioned that Tesla will soon cease production of the Foundation Series Cybertrucks, with non-Foundation models slated to start production next quarter. These initial units come with extra features and the prestige of early ownership, though they notably include “full self-driving” capabilities that are yet to be activated.
Tesla has paused Cybertruck deliveries due to a safety issue with the Gigawiper motor. Some reservation holders had their delivery appointments canceled abruptly. Tesla is working on providing an updated wiper motor, potentially issuing a recall for already delivered vehicles.
Ørsted has chosen Tesla’s Megapack for its world’s largest offshore wind farm, ensuring UK energy stability and reducing price volatility. The 600 MWh battery storage system, located in Swardeston, will store excess energy during high production periods and discharge it during peak demand, enhancing grid balance and energy security. Set to be operational by the end of 2026, is a clear sign of Tesla’s leadership in energy storage.
As Tesla fan I find myself sometimes having to remember what are all those acronyms, here is a list of the ones you can find in this issue.
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