Down Under the Recession… #TeslaNewsSummary

1. Tesla Produces New Drive Devices Every 5 Seconds
   Tesla now produces a new drive unit every five seconds. Elon Musk said someday Tesla will build one drive unit per second.
2. Elon Musk: “Doubles average mileage between interventions in August”
   Elon Musk says Tesla has a clear plan to double the average mileage of human involvement in FSD in August.
3. Carvana CEO: “Tesla Model 3 Q2 Best Sales Vehicle”
   The CEO of used car website Carvana said the Tesla Model 3 was the best-selling vehicle in the second quarter, and the company was selling more electric vehicles than internal combustion engine vehicles.
4. Tesla Australia to offer Model 3 at 1.99% interest rate
   Tesla Australia is offering the Model 3 at an interest rate of 1.99%, with no advance payment.
5. U.S. Space Force Increases Value Of Launch Contracts With SpaceX And ULA By $1.8 Billion
   The U.S. Space Force has increased the value of its launch contract with SpaceX and the United Launch Alliance (ULA) by nearly $1.8 billion. This comes after a significant increase in expected missions in the five-year contract signed in 2020.
6. Elon Musk Opens New School Ad Astra In Bastrop, Texas
   Elon Musk is opening a new school, Ad Astra, in Bastrop, Texas, this September. Ad Astra’s mission is to foster curiosity, creativity, and critical thinking for the next generation of problem solvers and creators.
7. U.S. delays special tariffs on Chinese electric vehicles
   The U.S. has postponed special tariffs on Chinese-made electric vehicles. Originally scheduled to take effect on Aug. 1, the final decision will be made this month and will take effect in about two weeks. The reason for the delay is paperwork.
8. Mobileye Shares Hits Record Low
   Shares of self-driving technology company Mobileye fell -23% to a record low today, as several global manufacturers said they had “meaningfully reduced” production expectations for the second half of the year, mainly related to China.
9. Hertz Disposes EVs Faster Than Planned
   The rental company CEO Hertz said it was disposing of electric vehicles faster than originally planned and would sell tens of thousands of Tesla vehicles this year. The company said on Thursday that it expects most of the restructure of its fleet to be completed by the end of 2025