Author: john@provenroi.com
Tesla is on the brink of achieving a major milestone in autonomous driving, with CEO Elon Musk setting a target date of June 22, 2025, for the launch of its first fully autonomous Robotaxi. Musk emphasized the company’s commitment to safety, stating that the date could potentially shift to ensure a flawless rollout. In response to a question about when the first public rides will commence, Musk mentioned that the first Tesla that drives itself from the factory end of the line to a customer’s house is expected by June 28. This exciting development signifies a significant step towards autonomous…
Tesla CEO Elon Musk recently made bold statements regarding the upcoming launch of the automaker’s Robotaxi platform, claiming that it will compel other companies to license Full Self-Driving in order to achieve their own autonomy goals. This declaration comes in the wake of a video capturing the first Tesla Robotaxi test mules on public streets in Austin, Texas, just a day after the city officially listed Tesla as an autonomous vehicle operator. Investing YouTube personality and Tesla community member Dave Lee predicted that by the end of the year, at least one automaker will license Full Self-Driving from Tesla. Lee…
General Motors has announced plans to build its “next-gen affordable EV” in the United States. The automaker will be injecting $4 billion into its U.S. manufacturing operations over the next two years to expand production capacity. This move comes as General Motors confirmed that the new Bolt EV will enter production by the end of this year. The specific location where the “next-gen affordable EV” will be manufactured is the assembly plant in Fairfax, Kansas. This investment is part of GM’s strategy to increase production capacity for both gas-powered and electric vehicles in the U.S. The decision to build the…
Tesla has announced the return of its fan video contest, now known as TeslaVision, with an exciting prize up for grabs: a brand-new Model Y and a trip to Gigafactory Texas. The competition invites participants to create a video (90 seconds or less) showcasing how Tesla enhances their lives with more freedom, fun, safety, or convenience. This contest is open to both Tesla owners and non-owners residing in the U.S., Canada, and Mexico. The top three winners of the contest will be flown to Texas for an exclusive tour of Gigafactory Texas. In addition to the factory tour, the grand…
Cathie Wood, the founder of Ark Invest, recently revealed that Tesla is her top stock pick. In a podcast interview with Steven Bartlett on “The Diary Of A CEO,” Wood highlighted Tesla’s innovative edge, pointing to its convergence of robotics, energy storage, and AI. She emphasized that Tesla’s integration of robots, energy storage, and AI presents a unique opportunity for growth. Wood specifically mentioned Tesla’s Optimus robots and their potential to revolutionize industries beyond the current offerings of the company. Ark Invest issued a $2,600 price target for Tesla in June 2024, which Wood reaffirmed in a Bloomberg interview in…
Tesla, the electric car company, is gearing up for the launch of its autonomous taxi service in just two days. Despite the lack of public announcements, a Tesla Robotaxi has been spotted cruising around Austin, Texas, giving a glimpse of what’s to come. The sighting was captured in a video posted on Twitter by user “Terrapin Terpene Col,” showing a Tesla Model Y with no human driver behind the wheel and the distinctive “Robotaxi” branding on the door. The video was later shared by Ashok Elluswamy, Tesla’s head of autonomy and AI, with a cryptic caption that seemed to confirm…
China’s electric vehicle market has been booming, with over 100 brands producing battery-powered cars in the country. However, this surge in production has led to a serious overcapacity issue, as the domestic market is unable to absorb all the vehicles being manufactured. This problem is not only affecting China but is also a concern for the global auto industry. Geely, a Chinese automotive giant that owns brands like Volvo, Geely Auto, Zeekr, and Lotus, has warned about the growing overcapacity in the global automotive industry. According to Geely’s chairman and founder, Li Shufu, the industry is facing “serious overcapacity,” prompting…
Tesla has officially made its presence known in Austin, Texas, as the company has appeared on the Texas Department of Motor Vehicles’ list of “Known AV Operators in Austin.” This move solidifies the fact that Tesla is actively testing autonomous vehicles in the city. Rumors have been swirling that Tesla is gearing up to launch its robotaxi network in Austin on June 12, which is just around the corner. This news has sparked excitement among Tesla enthusiasts and industry observers alike. The discovery of Tesla’s listing on the DMV page was first made by Twitter user @TeslaYoda on June 9.…
Tesla Promotes 7-Seat Model Y, Hints at Imminent Launch Tesla looks to be preparing to bring back the 7-seat version of the Model Y, according to a new email sent to customers last week. The email teased that the new redesigned Model Y will feature a third row of seats, making it a more practical option for larger families or those in need of extra seating capacity. The email did not provide a specific launch date for the 7-seat Model Y, but it did hint at an imminent release. This news has generated excitement among Tesla enthusiasts and potential buyers…
Cathie Wood, the founder of Ark Invest, recently revealed that Tesla is her top stock pick during a podcast with Steven Bartlett on “The Diary Of A CEO.” Wood highlighted Tesla’s innovative edge, pointing out the company’s convergence of robotics, energy storage, and AI. Wood emphasized the potential of Tesla beyond its current offerings, particularly with its Optimus robots. She mentioned, “And it’s not stopping with robotaxis; there’s a story beyond that with humanoid robots, and our $2,600 number has nothing for humanoid robots. We just thought it’d be an investment, period.” In June 2024, Ark Invest issued a $2,600…