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☆ Some Tesla Cybertruck reservation-holders were underwhelmed by Elon Musk's big launch party – but many say they'll still buy one
▼ + stars: | 2023-12-03 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +5 min

It lasted 30 minutes and fans later found the truck had a lower range and higher price on their own. AdvertisementAfter a four-year wait, the official Cybertruck launch party lasted about 30 minutes and left some order-holders wanting more. CEO Elon Musk stood in the bed of the Cybertruck listing off its specs – many of which had been leaked ahead of the launch . Following the launch party, all of the specs and prices for the three Cybertruck variations were posted to Tesla's website. AdvertisementThe Cybertruck launch was always going to be a difficult tightrope for Musk to walk , said Martin French, managing director at automotive consultancy Berylls.

Persons: —, Elon Musk, Zack Nelson, Christopher Bowe, there's, Bowe, Nelson, we'd, Elon, Martin French, doesn't, Tesla, Matthew Donegan, Ryan, Donegan, Eric Locke, he's, Locke Organizations: Service, Porsche, Ford, Business, YouTube, nab

[1/3] Tesla's new Cybertruck is shown on display at a Tesla store in San Diego, California, U.S., November 20, 2023. Cybertruck, Tesla's first new model in nearly four years, is critical to its reputation as a maker of innovative vehicles. "We dug our own grave with Cybertruck," Musk said last month, warning that it would take a year to 18 months to make the vehicle a significant cash flow contributor. The billionaire has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025. Tesla has faced "enormous challenges in reaching volume production" with the Cybertruck because of its new technology and design, Musk said.

Persons: Mike Blake, Elon Musk, Tesla's, Musk, Tesla, Eric Noble, Rivian, R1T, Rivian's R1T, Ford's, Seth Goldstein, Paul Waatti, Akash Sriram, Hyunjoo Jin, Sayantani Ghosh, Bill Berkrot Organizations: REUTERS, New York Times, Dodge, Ford, General Motors, Hummer, Morningstar, Thomson Locations: San Diego , California, U.S, Bengaluru, Hyunjoo, San Francisco

☆ Tesla is planning a 24-hour diner and drive-in theater. Check out the latest image.
▼ + stars: | 2023-11-25 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Tesla plans to open a futuristic diner and drive-in theater in California. AdvertisementNearly six years after Elon Musk first announced his plans for a futuristic Supercharger station, Tesla has finally broken ground on the project. Last year, Tesla submitted plans to the city of Los Angeles for a charging station equipped with a 24-hour diner and drive-in theater. By reimagining charging stations, Tesla and other electric-car makers could combat EV adoption hesitancy. To date, several Tesla charging stations already include several amenities, including lounges, vending machines, and Tesla merchandise.

Persons: Tesla, —, Elon Musk, Musk, Forbes, Tesla hasn't Organizations: Service, Elon, Santa Monica, Bloomberg, Tesla EV Locations: California, LA, Los Angeles, Hollywood, North America

Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U.S. this year, according to Atlas Public Policy. That will be up from 7.3% of new car sales in 2022. These figures include both battery electric vehicles and plug-in hybrid EVs. But even as U.S. EV market share grows steadily, hurdles still stand in the way for some car buyers considering electric. Several U.S. states have set target dates by which they expect vehicle sales to be majority zero-emissions.

Persons: EVs, Tesla, Kelley, Alexa St, John Organizations: Atlas Public, EV, American, Ford Motor Co, General Motors, AP Locations: U.S, China, Germany, Norway, California, Washington, New Jersey, Press, ___

☆ The US government won’t quit Elon Musk
▼ + stars: | 2023-11-20 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +5 min

CNN —Condemning Elon Musk is easy. On Friday, the White House joined the uproar over Musk’s endorsement of an antisemitic conspiracy theory on X. On Monday, the White House announced it would be joining X rival Threads, which is owned by Meta, as backlash to Musk intensifies. Musk faced backlash a year ago when he had complained about the cost of that service. The White House bragged early this year that after months of negotiations, Tesla would open up part of its charging network to non-Tesla EVs.

Persons: Elon, Andrew Bates, Bates, Musk, ”, David Sanger, Eric Lipton, ” John Kirby, ” Kirby, Kirby, CNN’s Kristin Fisher, Pat Ryder, Lloyd Austin, He’s, CNN’s Chris Isidore, Tesla Organizations: CNN, NASA, Pentagon, Twitter, White House, Warner Bros, Meta, New York Times, White, SpaceX, National Security, House, Reliant, SpaceX The, Starlink, ” Locations: Ukraine

☆ A reporter drove a Rivian to 126 EV fast-chargers in LA and found out-of-order signs on dozens of them
▼ + stars: | 2023-11-16 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

A reporter with The Wall Street Journal visited over 100 non-Tesla fast-charging stations across LA. She said 27% of the 126 fast-charging stations she visited did not work for various reasons. Tesla will allow cars from other brands to use its charging stations in the next year. During his drive, he stopped at three different charging stations before he was able to find one that was compatible with his car. The move will make electric vehicle charging more widely available to EV owners and may help address range anxiety among some non-Tesla owners.

Persons: —, Joanna Stern, Stern, Axios, Dan Primack, Primack Organizations: Wall Street Journal, Service, Tesla, US, Tesla EV, Wall Street, Consumer, Ford, General Motors, Toyota, Hyundai, EV Locations: LA, Los Angeles, Boston, New York City

☆ Tesla to double its components imports from India - Trade Minister
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowBENGALURU, Nov 14 (Reuters) - U.S. electric car maker Tesla Inc (TSLA.O) is planning to double the number of components it imports from India, Indian trade minister Piyush Goyal said on Tuesday through a post on social media platform X. "Proud to see the growing importance of Auto component suppliers from India in the Tesla EV supply chain. It is on its way to double its components imports from India," Goyal posted on X, earlier called Twitter, after visiting Tesla's manufacturing facility at Fremont, California. He was, however, unable to meet Tesla chief Elon Musk during his visit to the plant, Goyal added. He said in September Tesla was aiming to source components worth between $1.7 billion and $1.9 billion from India this year, having bought $1 billion of components last year.

Persons: Mike Blake, Piyush Goyal, Goyal, Elon Musk, Tesla, Ashna Teresa Britto, Rashmi Aich Organizations: Tesla Inc, REUTERS, Tesla, Reuters, Thomson Locations: Costa Mesa , California, U.S, India, Fremont , California, Bengaluru

☆ Tesla will sue you for $50,000 if you try to resell your Cybertruck in the first year
▼ + stars: | 2023-11-12 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Tesla has released the sale terms for its long-awaited Cybertruck ahead of its 30 November release. AdvertisementAdvertisementCustomers set to receive the first Tesla Cybertrucks this November will be prevented from reselling their vehicles during the first year, according to Tesla's terms and conditions. Tesla added a section titled "For Cybertruck Only" to its Motor Vehicle Order Terms, which laid out the new rules. If Tesla does not want to purchase the vehicle, it may then agree to let the customer sell it to someone else. First announced in 2019, the Cybertruck is Tesla's first new product in years, and it is expected to shake up the electric pickup truck market.

Persons: Tesla, Musk, —, Elon Musk Organizations: Service, Fast Company Locations: @ElectrifyExpo, Austin

☆ Ford to add more Tesla EV chargers to its network
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

Oct 30 (Reuters) - Ford Motor (F.N) said on Monday it would add more of Tesla's Superchargers to its electric-vehicle charging network, higher than previously forecast, as automakers tap into the EV leader's sprawling charger network to expand the range of their cars. Ford will now add over 15,000 of Tesla's Superchargers to its network, up from its earlier projection of 12,000 chargers. These three providers would bring more than 10,000 new chargers to the network, including more than 550 new DC fast chargers. BlueOval combines multiple charging networks to provide access to the largest North American public charging network offered by automotive manufacturers. The development comes months after Ford struck a deal with Tesla to allow EV owners gain access to the biggest network of high-speed Superchargers in the United States in early 2024.

Persons: Ford, BlueOval, Tesla, Abhijith Ganapavaram, Shilpi Majumdar Organizations: Ford, EV, U.S, Francis Energy, Ford EV, Shell, Thomson Locations: North America, Canada, America, United States, Bengaluru

☆ BP buys $100 million worth of Tesla chargers
▼ + stars: | 2023-10-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +1 min

CNN —Oil and gas company BP has agreed to purchase $100 million worth of electric vehicle chargers from Tesla. This marks the first time Tesla has ever sold chargers to another company, according to an announcement from BP. BP will begin installing the chargers next year, but no specific number of chargers was mentioned in the announcement. These chargers won’t look like other Tesla chargers, though. BP Pulse, BP’s EV charging business, operates 27,000 charging points currently and has announced plans for rapid expansion.

Persons: Tesla Organizations: CNN —, BP, Tesla, CCS, Amoco, Hertz, EV Locations: America

☆ $20,000 repair bills and other hidden costs that could sneak up on EV buyers
▼ + stars: | 2023-10-21 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

The switch to electric vehicles is still hampered by the high cost compared to gas cars. The higher upfront costs don't consider several less obvious costs that can hit after buying an EV. AdvertisementAdvertisementThose premiums are driven by higher repair costs. According to Mitchell, a collision repair software company, the average repair cost for a non-Tesla EV is $269 higher than the average for all vehicles. If people interested in used EVs are worried about replacing an expensive battery, the resale value will take a big hit.

Persons: —, Johnny Bacigalupo, Sandy Munro, Bankrate, Mitchell, Mark Matousek, Kevin Tynan, Davis, Power Organizations: Service, Edinburgh, EV, Washington Post, Insurance, Anderson Economic Group, Ford, Bloomberg, Toyota, University of California Locations: Scotland, skyrocket, Canada, Edmunds

☆ Toyota to adopt Tesla EV charging standard from 2025
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: 1 min

A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su/File Photo Acquire Licensing RightsOct 19 (Reuters) - Toyota Motor (7203.T), the world's largest automaker by sales, said on Thursday it had signed an agreement to adopt Tesla's (TSLA.O) North American Charging Standard (NACS) on its battery-electric vehicles (BEVs) beginning 2025. Reporting by Yuvraj Malik in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Edgar Su, Yuvraj Malik, Devika Organizations: Toyota, Tokyo, REUTERS, Thomson Locations: Tokyo, Japan, Bengaluru

☆ It looks like Tesla might offer Cybertruck colors for people who don't want plain stainless steel
▼ + stars: | 2023-10-11 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Tesla launched colored wraps for the Model 3 and Model Y, indicating it could do the same for its truck. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementTesla fans have been wondering whether the upcoming Cybertruck would be offered in any colors except for bare stainless steel. Elon Musk's car company for the first time introduced colored wraps for its Model Y SUV and Model 3 sedan. AdvertisementAdvertisementAnd, as anyone with a constantly smudgy fridge knows well, stainless steel can be a nightmare to keep clean.

Persons: Tesla, —, Elon Organizations: Service, DeLorean, Toyota

☆ Gas prices are less of a factor behind consumers switching to EVs, Barclays says
▼ + stars: | 2023-10-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The Barclays study focuses on consumers purchasing Tesla EVs rather than other makes. "[I]n previous years, consumers who bought EVs were spending more on gas prior to their purchase than consumers in recent years," Zhu said. "This suggests that new EV buyers are willing to buy an EV even at lower levels of gas expenditure, and that EV demand will stay higher than before even if gas prices decline." "Our U.S. Barclays credit card data show consumers with lower gas expenditures are now more willing to buy EVs than previously," Zhu said. "In recent years, EV buyers were already spending less on gas prior to their EV purchase than EV buyers in previous years."

Persons: Joy Zhu, Tesla, Zhu, — CNBC's Michael Bloom Organizations: Barclays, U.S, EV, Volkswagen, Volvo Locations: Germany

☆ Hyundai Motor to adopt Tesla EV-charging standard from 2024 in US
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsSEOUL, Oct 5 (Reuters) - Hyundai Motor Co (005380.KS) said on Thursday it has decided to adopt Tesla Inc's (TSLA.O) electric vehicle (EV) charging technology in the United States and Canada. That will give Hyundai EVs with NACS ports access to more than 12,000 Tesla Superchargers across the United States, Canada, and Mexico, the company said. Owners of existing and future Hyundai EVs with the current CCS will have access to the Tesla Supercharging Network starting in the first quarter of 2025. In June, Hyundai Motor said it would consider making its vehicles more readily compatible with the NACS charging system. Tesla's NACS is widely available, with the U.S. Department of Energy saying they make up about 60% of the fast chargers in the United States.

Persons: Andrew Kelly, Tesla, Hyundai's, Elon, company's superchargers, Jose Munoz, NACS, Heekyong Yang, Christian Schmollinger Organizations: Hyundai Kona, New York, REUTERS, Rights, Hyundai, Ford, General Motors, Nissan, Hyundai Motor, Hyundai Motor's, Global, CCS, Tesla Supercharging Network, U.S . Department of Energy, Volkswagen, Kia Corp, BMW, Thomson Locations: Manhattan , New York City, U.S, Rights SEOUL, KS, United States, Canada, Mexico

☆ Hyundai and Kia are the latest to switch to Tesla EV charging
▼ + stars: | 2023-10-05 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

In 2025, Hyundai will begin providing adapters to owners of older Hyundai models with the Combined Charging System ports their EVs are currently built with. The three South Korean automakers are all part of Hyundai Motor Group, although Hyundai and Kia operate as separate companies in the United States. A major stepThis marks an especially significant development for the Tesla charging system. Counted together, Hyundai, Kia and Genesis would be the second-best-selling EV manufacturer in the United States after Tesla, according to figures from Kelley Blue Book. Having more automakers and charging companies using its standard has been seen as a win for Tesla.

Persons: Tesla, Kelley, Elon Musk Organizations: New, New York CNN, South, Kia, Hyundai, Ford, General Motors, Mercedes, Benz, Nissan, Honda, Hyundai Motor Group, Kona, Niro, Genesis, GM, EV, CCS, Tesla Locations: New York, United States

☆ In Tesla trial over Autopilot fatality, lawyer cites 'experimental vehicles'
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: +3 min

An attorney for Tesla , in the first U.S. trial over allegations that its Autopilot feature led to a death, however, said the crash was the result of "a classic human error." The lawsuit, filed against Tesla by the passengers and Lee's estate, accuses Tesla of knowing that Autopilot and other safety systems were defective when it sold the car. Tesla said its Autopilot driver assistant system is not designed to make a sharp turn on a highway, as it defended the system's safety. "The case is not about Autopilot," Michael Carey, an attorney for Tesla, said. The electric-vehicle maker also claims it was not clear whether Autopilot was engaged at the time of the crash.

Persons: California Beck, Tesla, Micah Lee's, Lee, Jonathan Michaels, Michaels, Michael Carey, Elon Musk Organizations: Tesla Locations: Palo Alto, California, Los Angeles, Riverside , California

☆ Some Tesla engineers secretly started designing a Cybertruck alternative because they 'hated' the original concept, according to the new Elon Musk biography
▼ + stars: | 2023-09-11 | by ( Grace Kay | Grace Dean | ) www.businessinsider.com time to read: +3 min

Some Tesla engineers "hated" the look of the Cybertruck, design chief Franz von Holzhausen told Walter Isaacson. Certain engineers secretly worked on a alternate version, Isaacson wrote in his new book on Elon Musk. "A majority of the people in this studio hated it," von Holzhausen said of the futuristic design, according to the book. Musk, von Holzhausen, and a spokesperson for Tesla did not respond to a request for comment ahead of publication. Those who have pre-ordered the vehicle with a $100 deposit have been nitpicking the final version of the Cybertruck.

Persons: Franz von Holzhausen, Walter Isaacson, Isaacson, Elon Musk, Elon Musk's, Musk, von Holzhausen, Tesla, Von Holzhausen, Grimes Organizations: Elon, Service, CNBC Locations: Wall, Silicon, Los Angeles

☆ EVs are the only cars you can get a deal on right now
▼ + stars: | 2023-08-27 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +5 min

As car companies produce more EVs than ever, these cars are starting to pile up on dealer lots for the first time. AdvertisementAdvertisementOn average, electric cars were selling for around $2,000 over sticker price last year, according to Jessica Caldwell, an automotive analyst for Edmunds. AdvertisementAdvertisementOn average, EVs are still more expensive, on average, than gas-powered cars, with EVs going for about $53,469 in July, says Kelley Blue Book (down from $66,000 a year earlier ). And with help from new federal tax credits, leasing deals abound on electric cars . Even some of the more expensive EVs are dropping in price rapidly, too.

Persons: Elon, Jessica Caldwell, Edmunds, Caldwell, Tesla, Kelley, they've Organizations: Tesla, EV, Shoppers

☆ Here's the full list of automakers who've said their cars will be able to use Tesla's Superchargers — and how to do it
▼ + stars: | 2023-08-19 | by ( Alexa St. John | ) www.businessinsider.com time to read: +2 min

More automakers are switching to Tesla's charging tech to offer that to their buyers. After all, Tesla's charging technology and Supercharger network is a huge advantage. Whether automakers switched to Tesla's charging standard. More car companies are shifting to Tesla's charging tech in the hopes of boosting their customers' confidence in going electric. Here's what it boils down to:If you currently drive a Tesla, you can keep charging at Tesla charging locations, which use the company's North American Charging Standard (NACS), which has long served it well.

Persons: Tesla, you'll Organizations: Morning, Tesla, CCS Locations: America

☆ Elon Musk reportedly gave the order himself for the displays in Teslas to present overly optimistic estimates of driving range
▼ + stars: | 2023-07-27 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Elon Musk decided to have Teslas display overly optimistic range estimates, Reuters reported. Elon Musk gave Tesla workers the order to present overly optimistic driving ranges for the company's electric cars, according to a recent report from Reuters. The publication was unable to verify whether the company still provides overly optimistic ranges. An EV's range can be impacted by extreme temperatures, as well as the owner's driving habits. The "Diversion Team" was instructed to cancel owners' appointments at its service centers related to driving range concerns.

Persons: Elon Musk, Tesla, Elon, It's, Musk, There's, I've, Nick Caraciolo, it's, Read Organizations: Reuters, Morning, South, EV, Read Reuters Locations: South Korea

☆ Elon Musk's politics haven't earned him any brownie points with customers — but they're still fiercely loyal to Tesla
▼ + stars: | 2023-07-27 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Tesla owners are growing weary of Musk's antics and think he's damaging the brand. Despite the Twitter debacle and Musk's polarizing way of doing things, they love the Model 3. Elon Musk's politics haven't earned him any brownie points with his customers — but Tesla buyers are mostly still loyal to his cars, especially the Model 3. Bloomberg just reconducted a survey of 7,000 verified Tesla owners in 2019 about the automaker itself, the Tesla EV ownership experience, and opinions of Musk. Some Tesla owners voiced concerns about the CEO that echoed what others told Insider, including: "Dude is a clown," "Obviously he's both brilliant and a very loose cannon," "Brilliant industrialist.

Persons: they'll, Elon, haven't, Musk, Elon Musk, Tesla, Tesla's FSD Organizations: Bloomberg, Morning, Drivers Locations: Tesla

☆ Elon Musk wants to give amputees robotic limbs powered by chips implanted in their brains
▼ + stars: | 2023-07-20 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Elon Musk floated an idea for a new line of Tesla products on Wednesday: robotic limbs. While updating investors on Tesla's second-quarter performance on Wednesday, the billionaire entrepreneur floated an idea for a new line of Tesla products: robotic limbs. The Tesla Bot would be 5-foot-8, walk 5 miles-per-hour, be powered by AI and cameras, and be able to relieve humans of the drudgery of factory work and other manual labor, Musk said. A Tesla Bot rendering. As for Optimus, Musk said on Wednesday that he's confident that the robots will be doing "something useful" in Tesla factories come next year.

Persons: Elon Musk, Tesla, Musk, Neuralink, he's Organizations: SpaceX, Twitter, Reuters, Optimus, Tesla

☆ Buying anything but a Tesla makes no sense right now
▼ + stars: | 2023-07-20 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Several car companies say their EVs will be built with the Tesla charging standard starting in 2025. Otherwise, buying an EV other than Tesla now means its charging tech will soon be in the minority. It's supposed to be a huge advantage to non-Tesla car companies that they're switching to Tesla's charging tech. With automakers, charging providers, and more moving to Tesla's tech, CCS will be far less popular in the coming years. The EV buyers in five to 10 years will be buying tech that's more advanced and stabilized.

Persons: Tesla, Elon, Karl Brauer, Brauer, NACS, Loren McDonald, McDonald Organizations: Morning, Ford, GM, Volvo, CCS Locations: America

☆ Japan's Nissan to adopt Tesla EV-charging design from 2025 in U.S., Canada
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

July 19 (Reuters) - Nissan (7201.T) on Wednesday became the first Japanese automaker to agree to adopt Tesla's (TSLA.O) electric-vehicle charging technology in the U.S. and Canada, joining global peers in expanding their fast-charger network to boost EV adoption. Starting in 2025, Nissan will equip its EVs with the Tesla-developed North American Charging Standard (NACS) port, as it targets 40% of U.S. vehicle sales to be fully electric by 2030, the company said. The White House has said electric-vehicle charging stations using Tesla-standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well. From 2024, Nissan will provide NACS charging adapters with its Ariya EV models currently equipped with CCS to enable them to charge on Tesla's Supercharger network. Reporting by Shivansh Tiwary in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Biden, Shivansh, Devika Organizations: Nissan, Wednesday, Ford, General Motors, CCS, U.S . Department of Energy, Thomson Locations: U.S, Canada, United States, Bengaluru

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