Tesla is trying something new. The automaker is offering a bundle of 3 years of subscription to Full Self-Driving (FSD) Supervised, Supercharging, and premium connectivity.
Tesla has been having issues selling its FSD package.
For years, CEO Elon Musk claimed that Tesla would keep increasing prices as the system got better, which he claims would then make Tesla vehicles “appreciation assets”
The latest AI News. Learn about LLMs, Gen AI and get ready for the rollout of AGI. Wes Roth covers the latest happenings in the world of OpenAI, Google, Anthropic, NVIDIA and Open Source AI.
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The higher cost of owning an electric versus a gas-powered vehicle is a sticking point for many would-be buyers of EVs. Now, the price of a key EV component is falling, raising hopes that automakers could close the gap as they grapple with waning demand.
Batteries make up about one-third to one-fourth of the cost of producing an electric vehicle, according to Goldman Sachs analysts. The firm predicts the global average cost to automakers for batteries in 2024 will average about $115 per kilowatt hours, about 23% lower than last year. Prices are expected fall another 20% in 2025.
Tesla CEO Elon Musk (TSLA) recently noted costs have come down for lithium-ion cells used in EV batteries, a big reversal from the “massive spike” during the pandemic when car manufacturers put in “giant, giant orders.”
SpaceX has unveiled the Raptor 3 engine, marking significant advancements in thrust, specific impulse, and mass efficiency compared to previous versions. The Raptor 3 boasts a thrust of 280 tf, a specific impulse of 350s, and an engine mass of 1,525 kg. The SpaceX Raptor 3 engine has potential to exceed 300 tons of thrust in future iterations, emphasizing ongoing efforts to improve efficiency.
Raptor 3 is 36% lighter than Raptor 1. It has 51% more thrust at sea level versus raptor 1. Raptor 3 is 7% lighter than Raptor 2. It has 21% more thrust at sea level versus raptor 2. Elon Musk indicates that Raptor could get another 8–10% more thrust.
Raptor 3 has 2.75 million newtons of thrust versus 2.26 million newtons for the Raptor 2. 33 Raptor 3 engines would provide 90.75 million newtons of thrust for a 33 engine super heavy booster. 35 Raptor 3 engines would provide 96.3 million newtons of thrust for a 35 engine super heavy booster.
Chevron Corp. announced on Friday that it will also move its headquarters from California to Texas, just weeks after Elon Musk announced that SpaceX and X were fleeing for the Lone Star State.
The news came as the company reported its second-quarter earnings on Friday, which fell far short of profit expectations.
According to the company, Chevron’s headquarters will move from San Ramon, California, to Houston, Texas.
Brighter with Herbert.
Tesla CEO Elon Musk confirmed a number of key details about the Robotaxi during the company’s Q2 2024 Update Letter and earnings call. These include the site of the Robotaxi’s production, as well as the manufacturing process that would be used on the vehicle.
It would not be an exaggeration to state that the Robotaxi unveiling on October 10, 2024 is poised to be Tesla’s most important event this year. And considering Elon Musk’s noticeable focus on Full Self Driving (FSD), it was no surprise when several questions during the Q2 2024 earnings call were focused on the Robotaxi.
As per Tesla’s Q2 2024 Update Letter, its plans for new vehicles, including more affordable models, are still on track for the start of production in the first half of 2025. These vehicles will utilize aspects of its next-generation and current platforms, and they could be produced on the same manufacturing lines as the company’s current vehicle line-up. As for the Robotaxi, however, Tesla was clear.