During its most recent Starlink mission, which occurred last night, SpaceX landed the 300th Falcon rocket. The 300 mark is split between both Falcon 9 and Falcon Heavy but does not count as recovered rockets, as two of these rockets, a Falcon Heavy center core and a Falcon 9, tipped over at sea after successful landings. Engines full power and liftoff! pic.twitter.com/FeW78mZio2 — SpaceX (@SpaceX) April 23, 2024 This is a significant milestone for the company as it continues to push its flight cadence further than what nearly anyone in the industry thought was possible. SpaceX is currently o ..read more

Tesla is counting on FSD as a key to its next growth cycle, so it was no surprise that the advanced driver-assist system became a point of interest for analysts during the first quarter earnings call. One of the inquiries was focused on Tesla’s strategy for FSD’s worldwide rollout — a fitting question considering that FSD’s most current features are only available in the US and Canada today.  During the earnings call, Canaccord Genuity analyst George Gianarikas asked about Tesla’s FSD strategy for markets outside the US and Canada. Elon Musk responded by highlight ..read more

The Tesla Optimus humanoid robot could start selling externally by 2025. Tesla seems to be making record progress in developing Optimus.  The Tesla bot is already performing simple tasks at the company’s factories. A job post published a few months ago hints that Tesla Optimus robots have been or will be shipped to gigafactories across the United States.  “We are able to do simple factory tasks or at least, I should say, factory tasks in the lab. We do think we will have Optimus in limited production in the natural factory itself, doing useful tasks before the end of this year ..read more

Tesla’s Full Self-Driving (FSD) may not necessarily be supported by conventional reviewers like Consumer Reports, but it appears that the system could start making its way to non-Tesla vehicles in the coming years. As confirmed by company executives during the first quarter 2024 earnings call, Tesla is currently in talks with a major automaker for a potential FSD licensing deal.  Tesla typically answers shareholder questions submitted on investor communication platform Say during its earnings calls. This time around, one of the questions asked ..read more

Mercedes-Benz recently unveiled its all-electric G 580 SUV. It comes with the brand’s EQ Technology and has a combined energy consumption of 30,3-27.7 kWh/100 km.  “Throughout its more than 45-year history, the G-Class has always used the most modern drive technology available. So, it’s entirely fitting that the innovative drive concept with four individually controlled electric motors once again raises the legendary performance of our off-road icon to a new level. It even retains that familiar angular silhouette and is true to the character of our beloved ‘Geländewagen,'” commented ..read more

Tesla’s 4680 production ramp has reached +1,000 per week, an increase of about 18%-20% or about 7GWh per year compared to Q4 2023. “We expect to stay ahead of the Cybertruck ramp with the cell production throughout Q2 as we ramp the third of four lines in Phase 1 while maintaining multiple weeks of cell inventory to make sure we’re ahead of the ramp. “So, our goal, and we expect to do this is to beat supplier cost of nickel-based cells by the end of the year,” said Law Moravy, Tesla’s Vice President of Vehicle Engineering, during the TSLA Q1 2024 earnings call. Tesla executive ..read more

Tesla Full Self-Driving (FSD) users have passed 1.3 billion cumulative miles, and this number is expected to see a sharp increase as more drivers try out and potentially subscribe to FSD. This was hinted at in Tesla’s Q1 2024 Update Letter and the company’s first-quarter earnings call.  Tesla noted in its Q1 2024 Update Letter that it is becoming more and more evident that a vision-based approach, which uses cameras and AI, is the right path to autonomy. This reportedly became especially evident following the launch of FSD ..read more

The new Tesla Model 3 Performance recently debuted in China. The Model 3 Performance is also available in Australia, New Zealand, and Southeast Asian countries (ASEAN), which is no surprise since Giga Shanghai is Tesla’s main export hub.  Tesla China has already started promoting the new Model 3 Performance to customers. The Performance All-Wheel Drive (AWD) variants start at RMB 335,900. According to Tesla China, the new Model 3 Performance has a cruising range of 623 km based on the CLTC standard. It can run 0 to 100 km in 3.1 seconds and has a top speed of 261 km/h.  Te ..read more

Tesla’s (NASDAQ:TSLA) Q1 2024 earnings call comes on the heels of the company’s Q1 2024 Update Letter, which was released after the closing bell on Wednesday, April 23, 2024.  Tesla posted total revenues of $21.3 billion, with automotive revenues at $17.3 billion for the first quarter of 2024. The company also posted non-GAAP earnings per share of $0.45 and GAAP EPS of $0.34 for Q1 2024. Tesla also posted $1.2 billion GAAP operating income in Q1, $1.1 billion GAAP net income in Q1, and $1.5 billion non-GAAP net income in Q1. The following are live updates from Tesla’s Q1 2024 earning ..read more

Tesla’s Q1 2024 earnings call is scheduled for Tuesday, April 23, 2024. The company’s live question-and-answer webcast will start at 4:30 p.m. Central Time or 5:30 p.m. Eastern Time.  Below are the top 10 questions from TSLA investors that Tesla will answer during the webcast.  What is the current status of Optimus? Are they currently performing any factory tasks? When do you expect to start mass production? What is the status of 4680? What is the current output?  What is Tesla’s current assessment of the pathway toward regulatory approval for unsupervised FSD (Full Self-Drivin ..read more