Tesla News Summary Prepares Shares To Explode Again
- Tesla Releases Video Promoting Model Y Performance
Tesla has released a new official video for its Model Y Performance, highlighting driving performance, stability, and the latest software improvements, and it appears to be aiming to boost its brand image. - Cybercab First Caught On Public Roads
Tesla’s self-driving taxi Cybercab was first spotted test-driving on an open road near Los Altos, California.
The area was about 10 minutes from Tesla engineering headquarters, with a safe driver on board the vehicle.
It is a scene that symbolically shows the message, “The future is autonomous driving.” - Elon Musk: “Nice self-driving is easy, but good self-driving is extremely difficult”
Elon Musk commented on the completeness of the autonomous driving technology, saying, “It’s easy to reach the basic level, but it’s insanely difficult to truly complete autonomous driving.”
This is a statement highlighting how complicated Tesla’s process to get to the completion stage of fully autonomous driving (FSD) is. - Elon Musk: “Tesla’s Self-Driving Technology Will Spread Fastest in Human History”
“Tesla’s self-driving will spread faster than any technology in history,” Musk said.
It emphasized that the hardware foundation has already been built for years, allowing millions of existing vehicles to activate autonomous driving capabilities with just one software update. - Tesla Raises Lease Prices From Nov. 4 — Up To 23%
Tesla announced a hike in lease prices in the U.S. from Nov. 4.
• Model 3: Increase up to 23%
• Model Y and Cybertruck: slight increase
This is analyzed as a change in price policy due to rising interest rates and adjusting demand. - BofA raises Tesla price target to $471
The U.S. Bank of America (BOA) raised Tesla’s price target from $341 to $471.
According to the report, Tesla’s enterprise value structure is as follows:
• Robotaxi: 45%
• FSD (Full Self-Driving): 17%
• Optimus Robot: 19%
• Energy sector: 6%
• Existing car business: 12%
In other words, Tesla’s future value is being reevaluated around AI and robotaxi. - U.S. State Department cooperates with Starlink in preparation for hurricanes
The U.S. State Department has asked for Starlink (SpaceX Satellite Internet) assistance in case of communication disruptions as Hurricane Melissa made landfall in Jamaica (Oct. 28).
This is a measure to maintain communication from government agencies even in the event of a disaster. - GM Layoffs 1,700 Due to Slow EV Demand
General Motors (GM) said it was cutting more than 1,700 jobs at its Michigan and Ohio plants.
The reasons are slowing demand and production adjustments in the EV market, which are interpreted as a sign of slowing growth in the EV market in the United States.