24/10/17 #TeslaNews Summary

1. Ashok Elluswamy Promotes Tesla To Vice President Of AI Software
   Ashok Elluswamy has been promoted to Vice President of AI Software at Tesla.
2. Tesla Powerwall To Introduce “Powershare” Feature In 2025
   Powershare allows Cybertruck owners to power their homes, other devices, or other electric vehicles with the vehicle’s battery.
3. Tesla Opens First Supercharger In Chile
   Tesla has expanded its charging infrastructure in South America by installing its first supercharger in Chile.
4. California achieves 13.39 GW of battery storage capacity
   The storage capacity, up 30% since April, is a 15-fold expansion compared to five years ago.
5. SpaceX to launch Starlink service in South Korea in early 2025
   Starlink, which will be released soon in Korea, plans to provide faster and more reliable Internet connections.
6. Starlink Positive Ratings From Rwandan Medical Staff
   In the first eight months after installation, medics reported a significant improvement in patient care.
7. SpaceX breaks record for most launches in a year
   SpaceX beat its 96-time record last year, setting a new record two months before the end of 2024.
8. Stellantis Slashes North American Shipments 36% In Q3
   Stellantis reported a 36% drop in North American shipments and a 20% drop in global shipments. Inventory adjustments and production cuts are the main reasons.
9. EU maintains plan to ban sales of internal combustion engine vehicles in 2035
   With most European carmakers except Renault issuing profit warnings this year, Volkswagen said it was considering shutting down factories in Germany.
10. Lucid Announces Public Issue of 262.4 Million Common Shares
    Saudi Arabia’s sovereign wealth fund (PIF) will buy an additional 374.7 million shares to maintain its 58.8% stake. Shares of Lucid fell about 10% in after-hours trading after the announcement.
11. Audi increases risk of plant closures due to failure to sell Brussels plant
    The failure to sell has increased uncertainty about whether the plant will continue to operate.
12. Nissan Officially Use Tesla Supercharger Network In North America
    The Nissan EV will be able to charge from Tesla Superchargers via the NACS adapter starting later this year, with plans to launch vehicles with NACS ports starting in 2025.