Canada’s Ontario launches large-scale ESS operation based on Tesla’s Megapac

26/1/7 #TeslaNewsSummary

1. Canada’s Ontario launches large-scale ESS operation based on Tesla’s Megapac
   Tesla’s $90 million Mega Pack Battery Energy Storage System (BESS) has officially entered service in Ontario, Canada.
   The facility has a capacity of 80MW / 320MWh, and 89 Tesla Megapack 2XL units can be used to reliably power the grid for up to four hours.
   Lila Thomas, chief of the Walpole Island Indigenous Tribe, called the project “an important step forward towards a cleaner and more stable energy future.”
2. Tesla officially applies for entry into two Baltic countries (Latvia and Estonia)
   Tesla has officially completed applications to enter the market to open its operations in Latvia and Estonia, which translates into part of its strategy to expand the emerging EV market in Europe.
3. Nvidia CEO Jensen Huang Backs Tesla FSD Technology Disclosure
   Nvidia CEO Jensen Huang strongly supported Elon Musk and Tesla’s approach to autonomous driving in an interview with Bloomberg.
   “Tesla’s autonomous driving technology is the best in the world, and it must have already been using end-to-end AI,” he said, adding that the technology stack itself is difficult to criticize.
4. Musk “Tesla Self-Driving Maintains At least 5-6 Year Technology Gap”
   Elon Musk says Tesla is at least five to six years ahead of rivals in autonomous driving.
   He predicted that it will take time for FSD to be clearly safer than humans, but it will be much later for existing automakers to reach large-scale AI and camera-based designs.
5. Next Generation Tesla Roadster, “Last Supercar driven by Man”
   Musk used a strong phrase for the next generation of Tesla Roadster: “If safety is the top priority, don’t buy.”
   He said the vehicle would be “the best model of the last human-driven car” and noted that it would have a big impact in terms of performance and demonstration.
6. New Street Research Raises Tesla Target To $600
   New Street Research analyst Pierre Ferragu raised his Tesla price target to $600 from $520 and maintained a Buy rating.
   “The industry is at the stage of validating Tesla’s strategy, rather than catching up with Tesla,” he said, referring to the technology lag of about 12 years.
7. Tesla Changes New Vehicle, FSD Initial Settings To ‘Slow Mode’
   Tesla changed its policy to set its default speed profile to ‘slow mode’ upon initial activation of new cars and FSD.
   This is interpreted as prioritizing safety and user adaptation.
8. xAI Attracts $20 Billion Investment…Grok 5 Learning in Progress
   Elon Musk’s AI company xAI has officially announced a $20 billion investment bid.
   Right now, Grok 5 is in the learning phase and is focused on quickly launching AI products for consumers and businesses that combine the Grok, Colossus, and X platforms, it said.
9. xAI Introduces Additional Gas Turbines To Secure Power For Ultra-Large GPU Clusters
   Musk said xAI has purchased five more 380MW-class natural gas turbines, two of which will be delivered by the end of 2026.
   The facility is used to power more than 600,000 NVIDIA GB200 GPU AI clusters.
10. Ford Dips 52% On EV Sales In Q4
    Ford reported a 52% year-over-year decline in electric vehicle sales to 14,513 units in the fourth quarter of 2024.
    Annual EV sales forecast for 2025 is also 84,113 units, down 14% year-on-year.