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Amazon to help boost oil production amid Climate Pledge, Rivian van orders

(Credit: Amazon News/YouTube)

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Just a few weeks ago, Amazon CEO Jeff Bezos announced that his company would be purchasing 100,000 Rivian electric vans to deliver its packages, as well as provide more eco-friendly packaging. The decisions were made after employees demanded he take the necessary steps to reduce the carbon footprint the e-commerce giant was causing. Bezos complied, alleviating the possible strike that Amazon employees were poised to take part in.

It finally seemed like one of the world’s biggest companies was taking an environmental approach to its business model, but that may not entirely be the case. As revealed by a press release from Weatherford, one of the world’s leading oilfield service companies, Amazon was one of the main contributors to the U.S. Oil and Gas Industry’s “Production 4.0” forum at the Enterprise Software Conference in Houston, Texas. The forum’s theme was simple — it centers on the development of technology that can accelerate and improve oil production.

“Weatherford Production 4.0 products, including ForeSite Edge, ForeSite Platform, CygNet Platform and ForeSite Sense, activate field-wide intelligence to maximize production. Weatherford delivers the future of production performance through next-generation automation, IoT infrastructure and advanced optimization software to boost production, uptime and efficiency,” Manoj Nimbalkar, Weatherford’s Global VP of Production Automation and Software, said.

The irony of Amazon’s decision to join this conference is notable. The company, after all, previously committed to delivering its new, environmentally-conscious packages via electric vehicle just a few short weeks ago, and now is helping the oil industry thrive. The future of gas and oil will not only contribute to the global climate crisis, but it also contributes to the decision to not have large corporations take a more environmentally-aggressive approach to the operations of their businesses. The influence Amazon might have carried with its decision to rely less on fossil fuels to power its vehicles could have convinced other companies to follow in its footsteps.

Bezos gained the respect of many eco-friendly groups when he announced his partnership with Rivian. The CEO invested $700M into the electric automaker in February 2019, making the impression that he and his company would begin gearing up for a future that would not include operating on fossil fuels. But when the company began its “Climate Pledge” in mid-September at the National Press Club, details were vague. Bezos was nevertheless adamant about doing his part to help reach the specifics of the Paris Agreement, and even took an aggressive line by stating that he wanted to accomplish the goals 10 years early. Despite the fact that the US will pull out of the agreement on behalf of President Donald Trump later this year, Amazon, at least at the time, have the impression that it was doing its part to contribute to environmental sustainability.

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But unfortunately, the old saying “actions speak louder than words” is all too true here. All while Bezos and Amazon were taking the necessary steps to reduce its carbon footprint and become a company that will help the planet, it appears that they were putting an effort to help advance oil and gas companies just the same. It appears they have taken two steps forward and three steps back with this news. After all, when Bezos was asked at the National Press Club meeting in Washington, D.C. if he would sever ties with oil companies that Amazon supports, he gave a firm “No.”

Ten-thousand Rivian vans boasting the Amazon logo are due to hit the road and begin delivering packages in 2021, and the remaining 90,000 will be ready before 2030. It also intends to utilize Earth-friendly packaging materials, apart of the “Shipment Zero” plan, by the end of 2019. But the announcement of Amazon’s participation seems to somewhat derail, or at least delay, any ideas that the company was interested in becoming a sustainable company. After promising employees that it would begin an effort to become “green”, is Amazon really sincere in its efforts to help the climate after all?

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Elon Musk

Tesla’s new Robotaxi geofence shape is an FU by Elon Musk to the competition

Maybe it’s all pareidolia. But maybe it’s not. After all, Tesla embraced the first geofence expansion for what it appeared to be.

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tesla austin robotaxi geofence and elon musk laugh from meme review

Tesla expanded its Robotaxi geofence in Austin once again early Sunday morning. The new shape seems to be somewhat of a proverbial, and potentially literal, middle finger to the competition.

If you thought the first expansion was a message to the competition and doubters of the company’s ride-hailing service, you probably will believe the second expansion is an even stronger gesture.

Tesla’s first expansion did not go unnoticed, as its shape was particularly recognizable. The company has always operated with a sense of humor, and it embraced what it did. Some, including me, took it as a message to competitors: We can expand in any direction, in any size, at any time. We’ll prove it.”

They picked a shape and went with it:

Tesla’s Robotaxi expansion wasn’t a joke, it was a warning to competitors

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It is evident that Tesla is keeping its humor up to continue to show a few things. The first is that it really can expand in any direction it wants and that’s how it is choosing to show it.

The second, well, maybe it’s an edgier way to show doubters that it is really executing on Robotaxi:

Maybe it’s all pareidolia. But maybe it’s not. After all, Tesla embraced the first geofence expansion for what it appeared to be. This might be a similar occurrence, and it might be sending another message to the competition, critics, and doubters.

The expansion was a near-doubling of the geofence Tesla offered previously. After the initial geofence covered just about 20 square miles, Tesla was able to more than double it to 42 square miles with the first growth. This new geofence shape was just under double, and is about 80 square miles.

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Tesla’s rapid expansion has impressed many, especially considering the service area has roughly doubled for the second time in well under two months. The Robotaxi service was first offered on June 22.

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Elon Musk

Tesla executes ‘a must’ with Musk as race to AI supremacy goes on: Wedbush

Dan Ives of Wedbush says Tesla made the right move getting Elon Musk his pay package.

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elon musk
Steve Jurvetson, CC BY 2.0 , via Wikimedia Commons

Tesla (NASDAQ: TSLA) executed what Wedbush’s Dan Ives called “a must” this morning as it finalized a new pay package for its CEO Elon Musk.

The move helped give Musk his first meaningful compensation at Tesla since 2017, when the company offered a pay package that was based on performance and proven growth. That package was approved by shareholders on two separate occasions, but was denied to Musk both times by the Delaware Chancery Court.

On Monday, Tesla announced on X that it had created a new package that would give 96 million shares of restricted stock to Musk to compensate him for the “immense value generated for Tesla and all our shareholders.”

The details of the pay package are designed to retain Musk, who has voiced some concerns about his control of Tesla, as “activist shareholders” have used lawsuits to disrupt the previously approved package.

You can read all the details of it here:

Tesla rewards CEO Elon Musk with massive, restricted stock package

Ives says Musk’s retention is ‘a must’

Ives said in a note to investors on Monday that with the raging AI talent war that Tesla made a smart move by doing what it could to retain Musk.

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He wrote:

“With the AI talent war now fully underway across Big Tech, we believe this was a strategic move to keep TSLA’s top asset, Musk, would stay focused at the company with his priority being to bolster the company’s growth strategy over the coming years. With this interim award increasing Musk’s voting rights upon this grant, which Musk honed in on and mentioned was increasingly important to incentivize him to stay focused on the matters at hand, this was a strategic move by the Board to solidify Musk as CEO of Tesla over the coming years with this framework for Musk’s pay package and greater voting control removing a major overhang on the story.”

He went on to say:

“While the groundwork is now in place for the next few years, it will be critical for the Tesla Board of Directors to get this long-term compensation strategy in place prior to the company’s November 6th shareholder meeting which would address the elephant in the room and remove a significant overhang on the stock.”

Wedbush maintained its Outperform rating and its $500 price target on the stock.

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Tesla CEO Elon Musk reveals ideal timeline for insane self-driving feature

Tesla CEO Elon Musk has extremely optimistic expectations for Full Self-Driving progress by the end of 2025.

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Credit: Tesla

Tesla CEO Elon Musk has revealed his ideal timeline for what would likely be the most insane self-driving feature: the ability for drivers to play video games at the wheel.

There are a handful of videos out there of drivers already performing this task. Nobody using Tesla’s Full Self-Driving suite should perform these activities, as the company maintains the system is not fully autonomous.

Drivers are responsible for the vehicle and should be prepared to take over.

Tesla has put a lot of faith in its development of Full Self-Driving and has made tremendous strides over the past few years. Capabilities have gotten more refined and accurate through various methods, including data collection and hardware improvements.

Tesla kicks Robotaxi geofence expansion into high gear in Austin

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It has gotten so good that Tesla launched a Robotaxi platform in Austin, Texas, on June 22. Passengers can hop in the back of a Model Y and will be transported around the city in a confined geofence that is about 90 square miles in size. There is nobody in the driver’s seat, but there is a Safety Monitor in the passenger’s seat.

Tesla launched a similar experience in California’s Bay Area last week, but the company has placed the Safety Monitor in the driver’s seat for that region for the time being.

Eventually, Tesla will get to a point where no monitor is needed, and the vehicles will be able to drive themselves. Many believe that it is a few years away, but Musk believes Tesla could achieve it very soon.

After a video of someone playing Grand Theft Auto in their Cybertruck while operating Full Self-Driving was shared on the social media platform X, Musk said this capability would be available in “probably 3 to 6 months, depending on regulatory approval in your city and state.”

It is important to remember that Musk has been very optimistic regarding autonomy timelines with Tesla projects. We heard for many years that the company would have self-driving vehicles “by the end of the year,” and those projects did not come to fruition.

While there was progress, there were no fully autonomous vehicles or software versions for customers.

With that being said, Tesla has made tremendous strides in its quest for autonomous vehicles this year, and launching a Robotaxi platform was a huge step in the right direction.

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