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Norway saves Tesla’s stock prices

Norway helps Tesla gain an extra 6% at trading and will help meet its delivery estimates

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Tesla Model S SnowIt’s funny to think a disruptive electric vehicle (EV) Californian startup can not only get under the skin of the biggest automakers in the U.S., but would find some of its biggest success in a country known for its harsh cold weather, Norway.

Norway is red hot for Tesla Motors

Norway has the hots for Tesla Motors and shows a serious love for electric vehicles (EV) than even our fair weathered states in the U.S.. Norway helped push Tesla’s shares by more than 6% on Wednesday, sending analyst scratching their heads once more. To put this into context, the over-value of Tesla’s shares (TSLA) has attracted criticism, even from Elon Musk. This has raised serious red flags for investors, most of which have flocked en masse to buy shares, thus further raising its price.

Gigafactory sends analysts into a frenzy

It would be fair to say that news of the Gigafactory sent analysts through the roof with negative comments and recommendations. Tesla stocks spiked to a dizzying $265, then fell to $203 in a month to finally stabilize at $230 currently. According to Seeking Alpha, Tesla’s production is expected to out-pace its deliveries in the first quarter of this year. In other words, as Tesla moves more vehicles around, thanks to its European and Asian markets, the European sales will be very important for the company and its valuation.

Analysts predict the future through equations. Yet a closer look at their track record shows they don’t always get it right. In fact, they rarely do. Not too many predicted the 2005 real estate crash, and even less predicted the 2008 economic nightmare. Analysts get carried away as investors unnaturally inflating stock prices beyond their realistic values. Still, if the Gigafactory is exciting, it raises a lot of valid economic questions.

Playing the Tesla number game

In a recent report from StreetInsider , Tesla nearly reached 1,500 deliveries in Norway during March. This is up from just 563 in the first two months of 2014 and the report shows it delivered 2,057 vehicles in Norway this year so far, compared to under 2,000 all of 2013 in Norway. Tesla has already outpaced last year’s total and could be well on track to meet its estimates.

If Tesla expects 35,000 deliveries in 2014, it needs to increase its production rate, since only 6,500 deliveries were expected in the first quarter of the year. This means in order for the company to achieve its 35,000 Model S target, it would need to reach 6,500 deliveries in the first quarter, followed by 7,500 in the second quarter and 9,500 in the third quarter, and finally 11,500 in the last quarter. You can see this is a lot, even for Tesla Motors.

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It’s exciting to see Tesla beat estimates. Many downplayed the company in its early years. Those of us backing Tesla since then were dismissed as idealists with no grasp on reality. Yet, reality has to start from somewhere, and that usually is through imagination. Tesla shows there is room for what we truly want and need to happen, that entrepreneurship is well and alive in the U.S..

Note: The author does not own any Tesla Motors stocks to his awareness, although has ETF shares, which can include any given stocks at any time.

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Tesla adjusts crucial feature as winter weather arrives

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Credit: Tesla Cybertruck Owners Club Forum user CybertruckCovers

Tesla has adjusted the functionality of a crucial climate feature as Winter weather has started to arrive throughout some parts of the United States. The new feature was highly requested by owners.

Tesla has a Cabin Overheat Protection feature that helps keep the temperature regulated if it reaches a certain threshold. Inversely, it can be used in cold weather as well, which will automatically warm the cabin if it sinks to a temperature that is too low for the owner’s comfort.

This is a great way to keep the cabin either warmed up just enough or cooled down just enough so that it never gets too hot or too cold. Extreme temperatures could damage certain parts of the vehicle or damage personal belongings that are kept inside the car.

Overheat protection is a great thing to have in hot climates like Arizona or Texas, especially with the Premium trims of the Model 3 and Model Y, which feature a glass roof.

Many owners appreciate the feature, but they argue that using it at home will utilize too much energy, especially during extreme temperatures. For a while, many Tesla fans have requested an option to disable this feature when the car is parked at home, which the company recently added, according to Not a Tesla App.

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The feature is part of Software Version 2025.44.3, and the release notes state:

“You can now choose Exclude Home when Cabin Overheat Protection or No A/C is enabled.”

Tesla has been great at listening to what owners want with new features, and this is one that will reserve some charge and prevent unnecessary utilization of available power, especially as the car is parked at home. If owners want to condition the cabin or get the car ready for operation with a comfortable interior, they can utilize the Tesla app to adjust the climate.

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Tesla CEO Elon Musk sends rivals dire warning about Full Self-Driving

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Credit: Tesla

Tesla CEO Elon Musk revealed today on the social media platform X that legacy automakers, such as Ford, General Motors, and Stellantis, do not want to license the company’s Full Self-Driving suite, at least not without a long list of their own terms.

“I’ve tried to warn them and even offered to license Tesla FSD, but they don’t want it! Crazy,” Musk said on X. “When legacy auto does occasionally reach out, they tepidly discuss implementing FSD for a tiny program in 5 years with unworkable requirements for Tesla, so pointless.”

Musk made the remark in response to a note we wrote about earlier today from Melius Research, in which analyst Rob Wertheimer said, “Our point is not that Tesla is at risk, it’s that everybody else is,” in terms of autonomy and self-driving development.

Wertheimer believes there are hundreds of billions of dollars in value headed toward Tesla’s way because of its prowess with FSD.

A few years ago, Musk first remarked that Tesla was in early talks with one legacy automaker regarding licensing Full Self-Driving for its vehicles. Tesla never confirmed which company it was, but given Musk’s ongoing talks with Ford CEO Jim Farley at the time, it seemed the Detroit-based automaker was the likely suspect.

Tesla’s Elon Musk reiterates FSD licensing offer for other automakers

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Ford has been perhaps the most aggressive legacy automaker in terms of its EV efforts, but it recently scaled back its electric offensive due to profitability issues and weak demand. It simply was not making enough vehicles, nor selling the volume needed to turn a profit.

Musk truly believes that many of the companies that turn their backs on FSD now will suffer in the future, especially considering the increased chance it could be a parallel to what has happened with EV efforts for many of these companies.

Unfortunately, they got started too late and are now playing catch-up with Tesla, XPeng, BYD, and the other dominating forces in EVs across the globe.

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Tesla backtracks on strange Nav feature after numerous complaints

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Credit: Tesla

Tesla is backtracking on a strange adjustment it made to its in-car Navigation feature after numerous complaints from owners convinced the company to make a change.

Tesla’s in-car Navigation is catered to its vehicles, as it routes Supercharging stops and preps your vehicle for charging with preconditioning. It is also very intuitive, and features other things like weather radar and a detailed map outlining points of interest.

However, a recent change to the Navigation by Tesla did not go unnoticed, and owners were really upset about it.

Tesla’s Navigation gets huge improvement with simple update

For trips that required multiple Supercharger stops, Tesla decided to implement a naming change, which did not show the city or state of each charging stop. Instead, it just showed the business where the Supercharger was located, giving many owners an unwelcome surprise.

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However, Tesla’s Director of Supercharging, Max de Zegher, admitted the update was a “big mistake on our end,” and made a change that rolled out within 24 hours:

The lack of a name for the city where a Supercharging stop would be made caused some confusion for owners in the short term. Some drivers argued that it was more difficult to make stops at some familiar locations that were special to them. Others were not too keen on not knowing where they were going to be along their trip.

Tesla was quick to scramble to resolve this issue, and it did a great job of rolling it out in an expedited manner, as de Zegher said that most in-car touch screens would notice the fix within one day of the change being rolled out.

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Additionally, there will be even more improvements in December, as Tesla plans to show the common name/amenity below the site name as well, which will give people a better idea of what to expect when they arrive at a Supercharger.

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