

News
Tesla supporters’ IRA EV incentive petition reaches over 44,000 signatures
Recently, electric vehicle advocates were shocked by the IRS’ list of qualified vehicles under the Biden administration’s Inflation Reduction Act (IRA). As per the current list, some variants of popular battery electric cars like the Tesla Model Y and the Ford Mustang Mach-E are not eligible to take advantage of the IRA’s $7,500 federal tax credit, even if hybrids like the Jeep Wrangler 4XE do, despite its 20 MPGe and all-electric range of 21 miles.
A good reason behind this was because the IRA currently divides its qualified vehicles as “SUVs/Trucks/Vans” and “All Other.” Vehicles in the “SUVs/Trucks/Vans” category are evaluated on a variety of factors such as weight, and are given a maximum price of $80,000. Those in the “All Other” category are given a $55,000 maximum price. In the case of the Model Y Dual Motor AWD, the variant was too light to qualify under “SUVs/Trucks/Vans” and too expensive to qualify for the “All Other” category’s $55,000 cap.
The IRA’s $7,500 federal tax credit is partly intended to promote the United States prominence in the EV sector, so shunning some of the most popular electric vehicles in the country was nothing short of ironic. It was then no surprise that in response to the IRS’ current qualifications, electric vehicle advocates have called for changes that would allow actual EVs that are designed for sustainability to qualify for incentives.
Among the most notable efforts pushed by the EV community so far was a Change.org petition, which called for the Inflation Reduction Act’s EV tax credit system to be fixed. The petition was initially posted by former Tesla employee turned YouTube host Farzad Mesbahi, who noted that the current system that disqualifies EVs like the Model Y in favor of hybrids is downright silly. The petition gained a lot of support, and as of writing, it has already accumulated a total of 44,849 signatures.
The Change.org petition noted that at best, the current EV incentive structure of the IRA is either negligent or incompetent, or at worst, corrupt. Thus, the petition suggested that the IRA could do one of two things: remove incentives for all hybrid vehicles and instead have them apply only to pure electric cars like the Ford Mustang Mach-E and the Tesla Model Y; or have the system apply its SUV or non-SUV rules fairly. The Model Y was essentially disqualified from the IRA’s $7,500 federal tax credit because of technicalities, after all, which is quite ironic since the vehicle is recognized by the NHTSA and the EPA as a small SUV.
Tesla CEO Elon Musk has spoken against the IRA’s current incentive structure, noting that it was bizarre the Model Y was being “penalized” for being “too mass-efficient.” Musk also called on EV supporters to comment on the current EV incentive structure of the IRA. It should be noted that Musk has noted in the past that he is against EV incentives overall, though now that one is coming, the CEO is pushing for fair rules.
Those who wish to sign up for the Change.org petition against the IRA’s current EV incentive structure can click here.
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News
Tesla Robotaxi app download rate demolishes Uber, Waymo all-time highs
After two and a half months of testing with a group of hand-picked Tesla influencers and some media, the company has officially launched Robotaxi rides in both Austin, Texas, and the California Bay Area to the public.

Tesla launched its Robotaxi app to the general public yesterday, and the number of downloads is a testament to the platform’s high demand for testing.
After two and a half months of testing with a group of hand-picked Tesla influencers and some media, the company has officially launched Robotaxi rides in both Austin, Texas, and the California Bay Area to the public.
Tesla Robotaxi makes major expansion with official public app launch
Downloading the app is available to iOS users, so if you have an iPhone, you can get it and join the waitlist. Tesla has not yet launched the Robotaxi app for the Android platform, but did hint that it would be coming soon.
The testing phase with the group Tesla selected has gone well. In Austin, the City has only listed one “Safety Concern” with Robotaxi during the testing phase. For the most part, things have gone extremely well, and riders have had good things to say.
Tesla is still operating with some safeguards in place, such as Safety Monitors and Safety Drivers, but these are precautionary and temporary; CEO Elon Musk has said they should be removed by the end of the year.
Elon Musk says Tesla will take Safety Drivers out of Robotaxi: here’s when
Even still, Tesla Robotaxi is something that many people want to experience, and the app downloads prove it.
The Tesla Robotaxi app was downloaded at a rate that exceeded all rolling 30-day periods of both Uber and Waymo, according to Brett Winton of ARK Invest. Tesla’s Robotaxi’s first day on the App Store exceeded Uber’s by 40 percent and Waymo’s best download day ever by six times:
Today’s Tesla Robotaxi App downloads outpaced Uber across all rolling 30 day periods by 40% and bested Waymo’s best download day ever by >6x pic.twitter.com/s9s1XTsUu2
— Brett Winton (@wintonARK) September 5, 2025
The surge in downloads is a good indication of how in demand the Robotaxi suite was, as many people within the community had vocalized their requests to try the platform, but Tesla was not ready to expand it beyond its handpicked group.
The expansion of the program will result in more rides, provided Tesla continues to expand its fleet of vehicles. It has already admitted many of those who were initially placed on the waitlist.
News
Elon Musk’s xAI expands to Seattle with salaries up to $440,000
The move was announced by the artificial intelligence startup and Elon Musk on social media platform X.

Elon Musk’s artificial intelligence startup xAI is opening a new office in Seattle as it accelerates its global expansion.
The move was announced by the artificial intelligence startup and Elon Musk on social media platform X. xAI is also hiring for its first positions in the new site.
New Seattle office
As could be seen on xAI’s Careers webpage, the Seattle office is currently hiring for three engineering roles. Each of the three technical roles tied to the new site carry salaries ranging from $180,000 to $440,000.
The new office adds to xAI’s growing presence, which now spans San Francisco, Austin, London, Dublin, New York, and Memphis. The Seattle-based roles focus on video and image generation systems, signaling Musk’s intent to challenge rivals like OpenAI and Meta in generative AI.
Pressures and challenges
Seattle also places xAI within reach of Microsoft’s headquarters in Redmond. Microsoft has emerged as a central player in the AI race through its multibillion-dollar partnership with OpenAI, making xAI’s move into the region notable. The competition for AI specialists has pushed salaries higher across the industry, with filings showing OpenAI staff earning up to $530,000 and Anthropic engineers as much as $690,000 annually, as noted by Insider.
The startup has also seen some high-profile departures in recent months, including cofounder Igor Babuschkin and general counsel Robert Keele. Still, xAI continues to grow aggressively, and its Grok large language model has been gaining momentum among mainstream users. Work also continues to be underway to further build out the company’s Colossus supercomputer cluster. Reports have also suggested that xAI has moved into San Francisco offices in the Mission District, a site Musk initially leased during OpenAI’s early years.
Investor's Corner
Elon Musk’s new pay plan ties trillionaire status to Tesla’s $8.5 trillion valuation
Shareholders are expected to vote on the proposal at the annual meeting on November 6.

Tesla’s board has proposed a new compensation package for CEO Elon Musk that could make him the world’s first trillionaire and Tesla the most valuable company in history.
The 2025 CEO Performance Award, outlined in a securities filing on Friday, would be worth up to $900 billion in Tesla stock (NASDAQ:TSLA) if the automaker achieves a series of aggressive performance and valuation goals, according to the New York Times.
Shareholders are expected to vote on the proposal at the annual meeting on November 6.
Tesla is aiming for an insane $8.5 trillion market cap
The package requires Musk to lift Tesla’s market capitalization from about $1.1 trillion today to $8.5 trillion over the next decade. At that level, Tesla would surpass every major public company in existence. Nvidia, currently the world’s most valuable firm, has a market cap of around $4.2 trillion today, as noted in a Motley Fool report. Microsoft and Apple follow at $3.8 and 3.6 trillion each, while Saudi Aramco is valued at around $1.5 trillion.
If Tesla achieves its $8.5 trillion target, it would be worth more than twice Nvidia’s present valuation and nearly eight times its current size. The compensation plan also requires Tesla’s operating profit to grow from $17 billion last year to $400 billion annually.

Elon Musk’s path to a trillionaire status
Apart from leading Tesla to become the world’s biggest company in history, Musk is also required to hit several product targets for the electric vehicle maker. These include the delivery of 20 million Tesla vehicles cumulatively, 10 million active FSD subscriptions, 1 million Tesla bots delivered, and 1 million Robotaxis in operation.
Tesla board chair Robyn Denholm and director Kathleen Wilson-Thompson said retaining Musk is “fundamental to Tesla achieving these goals and becoming the most valuable company in history.” If successful, the plan would raise Musk’s Tesla stake from 13% to about 25%, further consolidating his control. It would also result in the CEO earning $900 billion in TSLA stock, allowing him to effectvely become a trillionaire.
The proposal mirrors a 2018 compensation plan that was invalidated in Delaware court earlier this year in the way that it is focused on very aggressive targets and operational milestones. Tesla has since shifted its corporate registration to Texas, where challenges from potential activist shareholders are less of a risk.
Tesla’s SEC filing can be viewed below.
www-sec-gov-Archives-edgar-data-1318605-000110465925087598-tm252289-4_pre14a-htm… by Simon Alvarez
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