Tesla employees are now required to install and show customers how to use the latest version of the company's Full Self-Driving (FSD) premium driver assistance system before completing a vehicle delivery in North America. All Tesla vehicles have a standard driver assistance system called Autopilot. The FSD option costs $199 per month for most customers. Drivers must remain attentive to the road and ready to steer or brake at any time when using FSD.

Elon Musk says that Tesla's general-purpose humanoid robot Optimus, designed to take over repetitive tasks from humans, should cost less than half the price of a car. He has previously claimed that the demand for the robot could be as high as 10 to 20 billion units and that it would account for a majority of Tesla's long-term value. There is no clear timeline for when the robot will begin production, but Tesla has been listing more jobs for its robot program lately, including positions related to supply chains and manufacturing.

Tesla reported a drop in vehicle deliveries in the first quarter. Deliveries are the closest approximation of sales reported by Tesla. The numbers for the quarter fell far below even the most bearish of analysts' expectations. Tesla faced numerous challenges in the first quarter. The company has scheduled an earnings call on April 23 to discuss quarterly results.

Tesla is raising its compensation for artificial intelligence engineers to ward off poaching from other companies. Elon Musk says that the competition for AI engineers is the craziest talent war he has ever seen. Tech companies are offering million-dollar-a-year compensation packages and accelerated stock-vesting schedules. Layoffs are continuing in other areas of tech.

Tesla is planning to unveil its next-generation self-driving robotaxi vehicle on August 8. The announcement appears to be an acceleration of the robotaxi program, which aims to design a vehicle optimized from the ground up for driverless ridesharing. Some Tesla owners are concerned with the project as it could result in Tesla focusing on achieving self-driving on new hardware rather than on its existing vehicle fleet as promised and sold to customers for years. A picture of an early design prototype is available in the article.

The Full Self-Driving (FSD) Beta v12.3 update, which Elon Musk has described as a "big release", uses end-to-end neural nets for vehicle controls, a shift from programmer-coded controls.

Tesla's recent numbers show that its bad design is causing the company to suffer. The company's car design needs to be more modern and modern. Its insistent commitment to following impossible manufacturing specs has caused production problems. Tesla's refusal to use third parties to craft and manufacture components has led to quality issues. The lack of dealerships constantly decreases customer satisfaction.

Tesla's Full Self-Driving (FSD) is now $99 a month. The company is currently deploying FSD v12, a new version fully powered by AI that is supposed to be a significant advancement compared to previous versions. Tesla dealers were recently mandated to provide FSD demo drives for all new deliveries. Existing owners in North America are able to receive a one-month free trial of the system.

Elon Musk sent a memo to Tesla employees saying that the company will lay off more than 10% of its global workforce. Tesla had 140,473 employees as of December 2023. Its shares have fallen 31% year to date. Electric vehicle sales are gaining popularity worldwide, but the company is facing more competition now than ever. It is also dealing with other challenges, such as logistical problems caused by Yemeni Houthi maritime attacks in the Red Sea and production suspension at its gigafactory near Berlin due to suspected arson at a nearby electricity substation. A copy of the memo from Musk is available at the end of the article.

Tesla has canceled dozens of Cybertruck deliveries due to an unexpected delay. The reason for the suspended deliveries is unknown. There is some evidence that it may be due to an issue with the electric pickup truck's accelerator. Several sources have reported issues with sudden acceleration, with some pointing to possible causes for the issue.

Tesla is asking shareholders to approve a move to Texas and to re-approve a $55.8 billion pay package for CEO Elon Musk that was recently voided by a Delaware judge. The vote will be held at Tesla's 2024 annual meeting on June 13. Renegotiating a replacement compensation plan that Musk would agree to would likely take substantial time and incur new accounting charges of billions of dollars. Musk has not been paid for any of his work over the last six years at Tesla, where he helped generate significant growth and stockholder value, with the company's stock up more than 630% since March 2018.

Tesla has cut the prices of its models across China, Europe, and the US. Full Self-Driving is now $8,000 in the US. In China, the revamped Model 3 is now 241,900 yuan (~$32,000), down from 245,900 yuan previously and the Model Y was discounted to 249,900 yuan (~$34,500) from 263,900 yuan. The cheapest Model Y in the US is now $42,990. Tesla is facing several challenges, including a recall of almost 3,900 Cybertrucks, sales drops, interrupted production schedules, and more.

Tesla teased screenshots of its ride-hailing feature along with the release of its Q1 2024 financial results. The feature allows people to summon self-driving Teslas for rides. Riders can adjust the temperature and music inside the vehicle from their phones. The feature will be integrated into the existing Tesla app. Tesla has yet to achieve unsupervised self-driving, so it is unknown when the ride-hailing feature will be available. The screenshots are available in the article.

Tesla says that its own 4680 battery cells, a new cell format enabled by new technologies like tabless cells, are expected to become cheaper than cells coming from suppliers by the end of the year. Tesla's 4680 battery cell was first revealed in 2020 with promises of enabling significantly lower cost, more range, and faster charging. They are currently exclusively used in the Cybertruck. Tesla plans to continue to purchase its cells from LG, Panasonic, and CATL.

Tesla is laying off its director of EV charging Rebecca Tinucci, the head of new vehicle development Daniel Ho, as well as the teams that operated under the two executives. These layoffs are part of a larger effort by CEO Elon Musk to reduce costs and headcount within the company. Tesla plans to continue building out some new Supercharger locations and finish those currently under construction. Musk is also dissolving the company's public policy team in this latest cull.

Tesla's latest software update includes hidden code that suggests that the company is preparing for the launch of its voice assistant. Little is known about the new Tesla voice assistant, but Elon Musk has previously said that he wants Tesla drivers to be able to do everything in the car with no manual input. The software update also introduces a native Audible app.

Tesla has cut Summer internships, leaving those impacted in a tough position as it may be difficult to find something comparable.

Tesla sent out an email to suppliers showing how chaotic the decision-making leading up to the company firing its entire Supercharging team was. The email shows there was a lack of structure and consideration in the decision to fire the team. It mentions that suppliers are expected to be paid, suggesting that Tesla is behind on its payment obligations. The email asks suppliers to continue construction on active projects but to hold on breaking ground or doing pre-construction site walks. A copy of the email is available in the article.

Multiple recently-former Tesla employees posted on social media on Sunday to share that they were no longer with the company. The company started laying off employees last month ahead of the release of its Q1 financial results. While Elon Musk has said that he plans to reduce headcount by more than 10% globally, the total may be closer to 20% by the time everything has settled. The latest round of layoffs affected service advisers, engineers, and HR.

Tesla had 3,400 job postings across the US, Mexico, Canada, and Puerto Rico on May 1, but it has since removed almost all of them. The bulk of the positions were in California, Texas, and Nevada, where the company has its gigafactories. This is the second time that Tesla has almost entirely wiped out its job postings since it began laying off workers on April 16. The company entered its fourth consecutive week of layoffs this week. At least six high-profile executives have either already resigned or plan to later this year.

This article presents the story of Tesla's Supercharger firings based on interviews with eight former charging-division employees, one contractor, and an email that Tesla sent to outside vendors. Charging chief Rebecca Tinucci went to meet with Elon Musk about the network's future the day before the firings. Tinucci had recently cut between 15% to 20% of staff, but Musk wanted more layoffs. She balked at the request, saying that deeper cuts would undermine the charging businesses' fundamentals. Musk responded by firing Tinucci and her entire 500-member team.

Elon Musk redirected 12,000 H100 GPUs ordered by Tesla to X. He had told investors in April that Tesla had spent $1 billion on GPUs in the three months of the year. Tesla has been developing its own in-house supercomputer for AI, but Musk has previously said that it would be redundant if the company could source more H100s. X's order of 12,000 H100s will be redirected to Tesla.

Tesla shareholders will decide whether to approve a $56 billion compensation package for Elon Musk on June 13. Tesla board chair Robyn Denholm wrote a letter to shareholders, urging them to approve the package. Not approving the package may mean Musk may leave the company. While several proxy firms have recommended against approving the pay proposal, early voting suggests that the package will be approved.

Elon Musk redirected 12,000 H100 GPUs ordered by Tesla to X. He had told investors in April that Tesla had spent $1 billion on GPUs in the three months of the year. Tesla has been developing its own in-house supercomputer for AI, but Musk has previously said that it would be redundant if the company could source more H100s. X's order of 12,000 H100s will be redirected to Tesla.

A recent tweet from Tesla's official account listed a rundown of the company's accomplishments under Elon Musk's leadership since 2018, when the $55 billion pay package was approved by shareholders. The last item on the list claims that the company has two Optimus robots performing tasks in a factory autonomously. Musk recently said that the Optimus robot might go on sale as soon as next year. It is expected to cost 'less than half of a car'.

This article provides a summary of what was discussed at Tesla's annual meeting. Tesla shareholders have voted to ratify CEO Elon Musk's $56 billion pay package. While the vote doesn't override an earlier court ruling that ordered Tesla to rescind the package, it provides a public relations victory for Musk and could help him sway a court to give him the performance options in the future. Shareholders also voted to move Tesla's site of incorporation out of Delaware and into Texas.

Tesla's reincorporation in Texas is an attempt by Elon Musk to loosen Delaware's grip on US corporations. Around two-thirds of S&P 500 companies are incorporated in Delaware. The state has specialized courts that handle business matters with stacks of legal precedents to address disputes. Texas offers lower taxes and a newer and less predictable business court system. The move will save Tesla about $250,000 a year in tax payments.

A Reddit user recently snapped a picture of a covered-up Model Y thought to be the refreshed Model Y codenamed Juniper. Engineering test vehicles have been spotted near Giga Texas and the Fremont factory in California. The vehicle appears to be following a trajectory for an early to mid-2025 launch. It is expected to be released in China first before launching in North America and Europe.

Tesla accounted for just under half of all battery-powered vehicles sold in the US in the second quarter of this year. The sales of battery-powered cars have surged to a new record, climbing 11.5 percent from a year earlier, with Tesla losing ground to General Motors, Ford Motor, Hyundai, and Kia. This is the first time Tesla's market share has fallen below 50 percent in a quarter. There are now over 100 electric vehicle models available in the US. Intense competition has led to lower prices, helping push adoption slowly higher.

Elon Musk says that he will ‘discuss' with Tesla regarding investing $5 billion in xAI, his own private artificial intelligence company.