Tesla News Summary On The Way Ahead Of Self-Driving Completion

1. Tesla AI Team Announces Large-Scale Reorganization of FSDV13
   Tesla’s AI team says FSD V13 is one of the biggest shakeups since it began its “photon count” journey four years ago.
2. FSD 13, automatic reverse park in supercharger stall
   The FSD V13.2 introduced the ability to start from the garage on its own and park backward in the supercharger stall on its own.
3. Elon Musk: Tesla Has World’s Best Real-World AI
   Elon Musk Declares Tesla Has The Most Outstanding Real-World AI To Date.
4. Tesla slashes Cybertruck lease rates by up to 13%
   Tesla Cuts Cybertruck Lease Rates Up To 13% In U.S.

• AWD: $899 per month (10% reduction)
• Cyberbeast: $999 per month (13% reduction)

1. Tesla extends interest-free loan benefits in China
   Tesla has extended its five-year interest-free loan benefits for Model 3 and Model Y through Dec. 31.
2. JPMorgan Chase agrees to drop lawsuit with Tesla
   JPMorgan Chase agreed to drop $162 million lawsuit against Tesla.
3. Elon Musk Submits Application For Provisional Disposition To OpenAI
   Elon Musk has filed a provisional injunction to prevent OpenAI’s anti-competitive behavior, which also included blocking OpenAI’s attempt to transition into a for-profit company.
4. Federal Tax Credit Hugely Affects EV Purchase Decision
   According to the J.D. Power study, tax credits have been a significant factor in EV purchases.

• Volkswagen: 81%
• Chevrolet: 77%
• Tesla: 72%
  On the other hand, Hyundai (32%), Kia (24%), and Toyota (21%) were relatively less affected.

1. India plans to expand EV incentives
   India plans to expand the EV incentive benefits to companies that produce at existing plants as well as new factory founders.
2. Redwood Materials secures 250,000 EV-supplied battery resources
   JB Straubel announced Redwood has secured lithium and nickel to supply 250,000 EVs from recycled batteries, expecting $200 million in revenue this year.
3. Stellantis CEO To Resign Due To Lower Revenue
   Stellantis CEO will step down due to falling revenue and weak U.S. sales. Stellantis is the maker of Jeep SUVs and fiats.
4. Fidelity Raises Shares Of X Holdings By 32%
   Fidelity raises the value of X Holdings shares by 32% in October, its biggest gain since Elon Musk acquired X in 2022.
5. Volkswagen German plant launches massive strike
   Germany saw its first major strike at a Volkswagen plant since 2018. Workers are worried about mass layoffs, pay cuts and possible factory closures.
6. UK revises EV sales target
   Britain is reviewing its EV sales targets following warnings from carmakers. It plans to convert 80% of new cars and 70% of new vans to zero-emission vehicles by 2030, according to ZEV regulations.