Tesla news covering electric vehicles, Cybertruck, Model Y, Full Self-Driving, energy products, earnings, and Tesla's automotive innovations.
Tesla has officially discontinued its Solar Roof tile product, informing installers it will only supply conventional solar panels moving forward. The company's website now redirects the Solar Roof page to standard solar options. Sources indicate the decision stems from internal conclusions that the tiled product was not financially viable.
The Nevada Transportation Authority approved commercial robotaxi operations in a designated area of Clark County, including Harry Reid International Airport. The authorization covers 5,000 Tesla vehicles and 1,000 each for Waymo and Uber, prompting gains in related stock markets.
The author argues that Tesla's Full Self-Driving system, particularly Version 14 in the updated Model Y, represents the vehicle's most significant innovation. The commentary highlights the AI-driven capabilities as the primary value proposition of the Juniper update.
A jury found Tesla partially at fault for a fatal Autopilot crash that killed Neima Benavides Leon and injured Dillon Angulo. The verdict relied on evidence uncovered by a bug bounty hacker who accessed stored crash data, contradicting the company's initial claim that no such records existed.
The article argues that Elon Musk's prediction of widespread Tesla robotaxi deployment by the end of 2025 was incorrect, as coverage remains far below even 10% of the US population. It contends that recent regulatory approvals in Nevada highlight the gap between Musk's optimistic forecasts and the reality of technological readiness.
Tesla stock gained approximately 3% on Friday as the company prepares to announce European availability for its electric Semi truck at the IAA Transportation show. Swedish logistics firm Einride recently ordered 500 units, signaling early commercial interest in the region.
Tesla has proposed a $10.1 billion investment to build a solar cell manufacturing facility in Fort Bend County, Texas. The project aims to create nearly 10,000 full-time jobs and is seeking state tax incentives under the Texas Jobs, Energy, Technology and Innovation Act.
Tesla captured 59% of the U.S. electric vehicle market in July, its highest share since 2023. This rebound occurred despite a 25% drop in Tesla stock and stalled overall American demand for EVs. Legacy automakers have shifted back to gas-powered vehicles as the company invests heavily in AI and robotics.
Electrek argues that Tesla's claims regarding FSD v15 and Optimus timelines are repetitive overpromises, noting that previous hardware generations failed to deliver unsupervised driving. The commentary suggests the company continues to shift technical goals while lacking verified progress on its autonomous vehicle targets.
The article argues that Tesla is approximately 30% overvalued, citing a stock price of $351 against a fair value model estimate of $245.76. It highlights shrinking earnings per share and low net margins compared to peers like Adobe and Intuit, suggesting the premium for future growth bets is unjustified.