Tesla

Earlier this year, I said that Tesla was in its flop era. Now, the company is crushing it, posting its biggest gains in almost 11 years, according to Bloomberg. What a difference a few weeks make, when the stock tumbled after the glitzy-but-disappointing robotaxi event. Investors wanted to see signs of life, and they got it in the form of lower material costs, a surging energy business, and increased sales of regulatory credits to lagging automakers. They also said cheaper EVs are coming next year.

Apologies to the Ford Mustang Mach-E, which the polarizing truck pushed back to claim the No. 3 spot during this most recent quarter. We had an inkling that the Cybertruck was exceeding expectations when word got out that registrations were surpassing overall EV truck registrations. Tesla confirmed it in its Q3 earnings report, announcing that the Cybertruck was third behind the Model Y and Model 3.

Tesla CEO Elon Musk has long promised off-the-grid Superchargers powered by the sun. Now, the company has broken ground on “Oasis,” a new, 168-stall Supercharger station in Lost Hills, California, says Tesla’s North American director of charging, Max de Zegher:

Edmunds conducted one of its U-Drag down-and-back drag races between Lucid’s most expensive car, the 1,234 horsepower Air Sapphire, and a 1,020 horsepower Tesla Model S Plaid ($89,990 today) with the $20k Track Pack upgrade that includes carbon ceramic brakes.

Shout-out to Krugler in the comment section.

Interestingly, the UX seems to prioritize video streaming over any kind of trip visualization. Tesla seems to think people would rather watch movies than be assured their driverless car can see other cars and pedestrians. (They’re probably right, too.)

Tesla shares are trading down as much as six percent premarket, a few hours after digesting the Cybercabs and ruBOvehns.

Check out our video highlighting the most important parts.

One called Elon the “Technoking.”

Why didn’t Tesla call it the Cybervan?

It’s wearing a cowboy hat, for some reason.

Lots to parse. A few surprises. But as we’ve said before, the robotaxis are operating in a highly controlled setting and none of this is guaranteed to launch when Musk predicts it will. So stay tuned.

They’re doing the robot. What else?

The bots will be mingling with guests at the event, Musk says, who implores his guests to “be nice” to the robots.

Elon is putting the emphasis on the “bo” in robovan, so I wasn’t quite sure what he was saying at first. But yeah, it’s obviously not a conventional looking van.

The robotaxi will charge wirelessly through an inductive charger, Musk says. Tesla has long teased wireless charging for its EVs.

This is becoming a running theme with Musk: the idea that the unused compute power of millions of idle Tesla vehicles could be used like Amazon’s cloud service business. Of course, it’s not that easy.

Elon says he plans on starting fully autonomous Model 3 and Model Y trips in Texas and California “next year.” Cybercab won’t go into production until “2026... before 2027.”

Cheers as Musk says the cost will be “below $30,000.” Take that with a huge grain of salt.

Elon selling autonomous cars as a time saver, which is a very familiar argument for anyone who has been paying attention to the AV industry.

Elon gets in. It’s driving him through the film lot. There are 20 of them on the lot, and another 30 driverless Model Ys.

Don’t do Hayao Miyazaki like this.

That’s what my wife just asked me about this event, which was supposed to begin FIFTY ONE MINUTES AGO.

Elon is tweeting about Howard Stern and NYC Mayor Eric Adams. Meanwhile, we’re 45 minutes past the start time.

Apparently there are a lot of crypto scams masking as Tesla robotaxi livestream on YouTube — a problem we have reported on in the past.

Back to the Future, E.T., and The Mask have all received the robotaxi treatment. The question I have: were these done by human artists, or AI?

Apparently that’s what’s holding up the event. Hope they’re ok!

It’s a family affair at Tesla’s robotaxi event, as the rest of us wait for it to start. We’re already 20 minutes late.

And the vibes, they are ambient.