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Category: Elon Musk – Page 55

Ford confirms it received Elon Musk’s “How to Design a 48-Volt Vehicle” pamphlet

When motoring content firm Hagerty published its video review of the Tesla Cybertruck, automotive journalist Jason Cammisa lightly noted that Tesla had sent other auto CEOs a pamphlet called “How to Design a 48-Volt Vehicle.” Cammisa seemed like he was joking in the video, so his comments were mostly taken in stride by the electric vehicle community.

But as per a recent comment from Ford CEO Jim Farley, it appears that Tesla really did send out a “How to Design a 48-Volt Vehicle” guide to other auto CEOs. In a post on X, the social media platform formerly known as Twitter, Farley noted that Tesla was definitely not joking, as Ford had received the document.

Farley also remarked that Ford had received the pamphlet on December 5, 2023. The Ford CEO actually seemed like he appreciated the document, as he thanked Elon Musk and stated that the guide would be “great for the industry.” Elon Musk, for his part, seemed to appreciate the Ford CEO’s reaction to the 48V guide. In a response on X, Musk simply noted, “You’re welcome.”

Tesla’s $25,000 car to be built at Giga Texas, then Giga Mexico: Elon Musk

Tesla CEO Elon Musk has shared some new details about the automaker’s plans for its next-generation, $25,000 electric vehicle (EV), including that it will be built first in Austin, Texas.

On Tuesday, longtime auto industry veteran Sandy Munro shared a new interview with Musk, held following the Cybertruck delivery event. During the interview, the two talked mostly about the Cybertruck, though they also discussed Tesla’s next-generation vehicle for a few minutes.

While Musk said he couldn’t share any details about unit volume and dates for the next-gen EV, due to them being suggestive of Tesla’s financials, he did go on to share a few things. For one, Musk said that Tesla was “quite far advanced” in working to develop the low-cost, high-volume EV, adding that he reviews the production line plans for that on a weekly basis.

Elon Musk: low-cost Tesla is advanced, manufacturing is going to be revolutionary

Elon Musk commented on the upcoming low-cost Tesla electric car, saying that it is “advanced” in its development. The CEO also commented on the “revolutionary” manufacturing advancements that Tesla is making to make the vehicle a reality.

While the cost of Tesla vehicles has come down recently, they are still not financially accessible to most people – like most new cars.

The launch of the Cybertruck, which is about 50% more expensive than when originally announced in 2019, is not helping Tesla’s vehicle price range in becoming more affordable.

Elon Musk’s AI startup — X.AI — files to raise $1 billion in fresh capital

X.AI, Elon Musk’s artificial intelligence startup, has filed with the SEC to raise up to $1 billion in an equity offering. The company has raised nearly $135 million from four investors, with the first sale occurring on Nov. 29, according to the filing. The AI startup, which Musk announced in July,…

X.AI, an artificial intelligence startup founded by Elon Musk, has filed with the SEC to raise up to $1 billion in an equity offering.

The company has already brought in nearly $135 million from four investors, with the first sale occurring on Nov. 29, and has a “binding and enforceable agreement” for the purchase of the remaining shares, the filing says.

The AI startup, which Musk announced in July, seeks to “understand the true nature of the universe,” according to its website. Last month, X.AI released a chatbot called Grok, which the company says is modeled after “The Hitchhiker’s Guide to the Galaxy.” The chatbot debuted with two months of training and has real-time knowledge of the internet, the company claims.

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