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Tesla risks losing its lead without an inexpensive EV

TechCrunch · 1y ago

Tesla risks losing its lead without an inexpensive EV

Elon Musk's decision to prioritize a robotaxi over an affordable electric vehicle (EV) could potentially harm Tesla's leading position in the market. Musk recently halted plans for a low-cost EV, which could have significantly expanded the company's market share and defended against competition from cheap Chinese EVs. Instead, Musk is focused on developing autonomous driving technology for a robotaxi, despite Tesla's current self-driving capabilities being limited to Level 2. This decision raises concerns about whether Tesla can deliver a groundbreaking product in the near future, potentially jeopardizing its position in the industry.

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EV charger networks are turning to Tesla standard as support accelerates

TechCrunch · 2y ago

EV charger networks are turning to Tesla standard as support accelerates

EV charger networks are increasingly adopting the Tesla standard as support for it gains momentum. Companies like ChargePoint and EVgo are embracing the Tesla Connector, allowing Tesla vehicles to charge on their networks without an adapter. This move aims to enhance convenience and accessibility for Tesla owners and signifies a broader industry shift towards standardized charging solutions for electric vehicles. The industry group behind the CCS charging standard has wavered, giving its support to the Tesla EV charging standard.

Tesla gets a $94 billion reality check as EV winter sets in

Livemint

Livemint · 1y ago

Tesla gets a $94 billion reality check as EV winter sets in

Tesla has experienced its worst start to a year ever, losing over $94 billion in market valuation in just two weeks. The Austin-based electric vehicle (EV) maker has been hit by a series of negative news including an about-face from Hertz Global Holdings Inc., price cuts for its cars made in China, and rising labor costs. Slowing growth in demand for EVs, especially in the US, has investors concerned about stagnating growth. Tesla's market capitalization drop is the largest since it went public in 2010. The EV maker has also been hampered by labor cost increases and re-routing shipments due to security concerns. Despite the challenges, Tesla remains a major player in the global transition to electric vehicles.

Who is Ashok Elluswamy, software engineer praised by Elon Musk?

Twitter · 1y ago

Who is Ashok Elluswamy, software engineer praised by Elon Musk?

Elon Musk praised Tesla's AI/Autopilot software lead Ashok Elluswamy by saying Tesla "would just be another car company" without him. Ashok did his BE from College of Engineering Guindy, Chennai and MSc from Carnegie Mellon University. He was the first person recruited from Musk's tweet saying that Tesla is starting an Autopilot team. He's been at Tesla for 10+ years.

Tesla files trademark infringement case in Delhi High Court

Livemint

Livemint · 1y ago

Tesla files trademark infringement case in Delhi High Court

Tesla Inc. has filed a lawsuit against Tesla Power India Pvt. Ltd, a battery seller based in Gurgaon, for trademark infringement. The Delhi High Court issued a notice and instructed Tesla Power to refrain from using the Tesla trademark in promotional advertisements. Tesla argued that the use of the similar trademark by Tesla Power was causing confusion among consumers and harming their business. However, the court criticized Tesla for lack of urgency and stated that Tesla Power should be given the chance to present their case. Tesla Power clarified that they are selling lead acid batteries, not EV batteries.

Tesla is upgrading its Model Y's self-driving features in China amid fierce competition from BYD

Business Insider

Business Insider · 1y ago

Tesla is upgrading its Model Y's self-driving features in China amid fierce competition from BYD

Tesla is upgrading its Model Y in China, adding Hardware 4.0, a set of sensors, cameras, and an onboard computer to assist its Full Self-Driving (Beta) function. The upgrade is reportedly free of charge for local buyers and is aimed at enhancing autonomous features. Tesla is also introducing new color options for the Model Y in China. This move comes amid increased competition in China, as Chinese EV company BYD overtook Tesla as the world's largest EV maker in 2023. Tesla considers China a crucial market and has a gigafactory in Shanghai.

Tesla reportedly abandons plans to make a less expensive $25,000 electric vehicle

The Verge

The Verge · 1y ago

Tesla reportedly abandons plans to make a less expensive $25,000 electric vehicle

Tesla has reportedly canceled its plans to produce a low-cost electric vehicle, known as the Tesla Model 2, in favor of focusing on its robotaxi plans. Elon Musk had previously promised an affordable EV priced at $25,000 to expand the adoption of electric vehicles. The decision to cancel the Model 2 was communicated to employees during a company meeting in February. Tesla is now shifting its strategy and prioritizing the development of a robotaxi as it faces increasing competition from Chinese automakers in the affordable EV market.

Without Ashok Elluswamy, we'd just be another car company: Musk

Inshorts · 1y ago

Without Ashok Elluswamy, we'd just be another car company: Musk

Tesla CEO Elon Musk posted on X, "Ashok Elluswamy was the first person to join the AI/Autopilot team and ultimately rose to lead all AI/Autopilot software." He added, "Without him and our team...we'd just be another car company looking for an autonomy supplier that doesn't exist." Musk's praise for Ashok came as the latter supported a $56-billion pay for Musk.

Delhi HC Seeks Dealer, Product Details From Tesla Power India In Trademark Case With Musk’s Tesla Inc

Inc42 · 1y ago

Delhi HC Seeks Dealer, Product Details From Tesla Power India In Trademark Case With Musk’s Tesla Inc

Sure, here's a summary in about 75 words: The High Court has issued a directive in a trademark case involving Tesla Inc. The court's decision came after Tesla Inc. claimed that Tesla Power India was selling electric vehicle scooters through dealers using various sub-brands, despite an undertaking not to do so. As a result, the HC ordered Tesla Power India to stop publishing advertisements for its EV products.

Mint Explainer: How Tesla’s first India lawsuit will affect EV trademark battles

Livemint

Livemint · 1y ago

Mint Explainer: How Tesla’s first India lawsuit will affect EV trademark battles

Tesla Inc has filed its first lawsuit in India against battery seller Tesla Power India Pvt. Ltd. for trademark infringement. Tesla accuses the Gurugram-based company of misleading consumers by implying association with Tesla Inc's electric vehicle (EV) batteries. The case highlights India's trademark regime and its protection of foreign companies from infringement by local entities. The outcome of the case could set a precedent for future trademark infringement disputes in India's growing EV market, potentially impacting IP rights enforcement and investor confidence in the sector. Tesla has also been involved in trademark disputes worldwide.

California Democrats urge US president Joe Biden not to scrap chips R&D funding

Economic Times

Economic Times · 1y ago

California Democrats urge US president Joe Biden not to scrap chips R&D funding

California Governor Gavin Newsom and Senator Alex Padilla are urging the Biden administration to reverse its decision to cancel a subsidy program for semiconductor research and development facilities. The program, funded by the Chips and Science Act, was scrapped due to overwhelming demand for funding awards to subsidize chip production. Newsom and Padilla argue that without robust support for commercial R&D, the US risks losing global leadership in the semiconductor industry. They are calling on the Department of Commerce to reconsider its decision and invest in commercial R&D to support domestic semiconductor manufacturing.

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