Autonomy debuted its electric vehicle subscription service in Austin, Texas, following its successful launch in California earlier in 2022 and its recent expansion into Florida and Washington. Following California and Florida, Texas is ranked third in EV registrations.
With almost 30,000 new EVs on the road between 2020 and 2021, Autonomy noted that the growth and natural demand makes Texas, “a compelling state for Autonomy to expand operations into.”
Scott Painter, founder, and CEO of Autonomy, gave a press statement emphasizing the growth of EVs in Texas.
“The EV adoption rate in Texas signals to us that there’s even more demand for EVs and more of a need for alternative ways to access one,” he said. “Today, Texas has more than 156,000 EVs on the road, with 22,122 in Travis County alone — the highest-ranking EV county in Texas. These numbers are encouraging, and we’re excited for Autonomy service to help boost EV adoption in the second-most-populous state in the country and increase EV adoption statewide.”
Austin has over 1,300 public EV chargers, with more than 500 new ones added within the last 90 days. Autonomy highlighted the city’s unique Austin Energy Plug-in EVerywhere network subscription plan that offers unlimited charging for $4.17 per month at any of its over 1,000 level 2 charging stations.
During a call with Teslarati on Wednesday, Scott Painter shared the types of EVs it will offer in Austin, along with a few additional details.
“Our fleet is predominantly Tesla Model 3s, and we have a couple of Modely Ys. Right now, we’ve got just under 2,000 cars in total in the fleet, and I think it’s about 100 Model Ys.”
“In the first quarter, we’re going to be adding VinFast, as well as Mercedes and Polestar. Those three brands are going to become part of the lineup in all of our markets.”
Scott added that he and the team at Autonomy were excited about Austin, specifically.
“Austin has a much bigger rate of EV registration rateably than everywhere else in Texas. Everywhere else in the country is sort of at about one or two percent that people are getting EVs. In Austin, it’s almost 10%.”
He added that it’s about 20% in California, but Austin and Miami are the top two cities in terms of EV registrations as a rateable number relative to non-electric vehicles.
We asked if Tesla’s move to Austin played any role in Autonomy’s decision to launch in Austin. Scott pointed out that although it did not, Tesla’s move probably played a key role in Austin’s EV registrations going up.
“Our decision was purely based on the evidence of EV registrations. I’m sure that EV registrations in Austin were influenced by Tesla’s decision to headquarter there. I think Austin feels like it owns Elon now, so, people who live in Austin feel like they should be driving the local car,” he said.
“But we’re simply making decisions based on really rational evidence that says this is the time to go to Austin.”
Scott emphasized the affordability of driving an EV versus a traditional internal combustion engine vehicle.
“I think that we could have never anticipated the kind of tailwinds that we’re seeing right now for going electric. Certainly, when gas prices go above four or five dollars a gallon, it’s undeniable. You should be driving an electric car.”
Scott noted that one could drive the same amount of miles for around one-eighth the price.
“The average American currently still gets 20 miles to the gallon and drives 1,000 miles per month. That means they’re putting $4,000+ per year into their car versus $800 per year for the same miles even in a state like California where we pay almost 20 cents a kWh for electricity.”
He also pointed out that Autonomy fills in the gaps where the cost of buying a new car, especially an EV, is becoming “unreachable” for many Americans. He also noted that many people are holding off on buying an EV because of the Inflation Reduction Act and tax credits.
“Everyone sort of thinks that, ‘I’ll just wait until the tax credit is there.’ Well, to qualify for the tax credit, you have to make a certain amount of money, and you have to buy a car that has a certain amount of all American-made products in it. So Tesla would normally fully qualify, but some of these new entrants don’t.”
Scott explained that as a fleet operator, Autonomy qualifies for all of it and is able to pass along those savings.
Disclosure: Johnna is a $TSLA shareholder and believes in Tesla’s mission.
Your feedback is welcome. If you have any comments or concerns or see a typo, you can email me at johnna@teslarati.com. You can also reach me on Twitter at @JohnnaCrider1.
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There are a lot of Tesla bulls out there who have astronomical expectations for the company, especially as its arm of reach has gone well past automotive and energy and entered artificial intelligence and robotics.
However, some of the most bullish Tesla investors believe the company could become worth $100 trillion, and CEO Elon Musk does not believe that number is completely out of the question, even if it sounds almost ridiculous.
To put that number into perspective, the top ten most valuable companies in the world — NVIDIA, Apple, Alphabet, Microsoft, Amazon, TSMC, Meta, Saudi Aramco, Broadcom, and Tesla — are worth roughly $26 trillion.
Will Tesla join the fold? Predicting a triple merger with SpaceX and xAI
Cathie Wood of ARK Invest believes the number is reasonable considering Tesla’s long-reaching industry ambitions:
“…in the world of AI, what do you have to have to win? You have to have proprietary data, and think about all the proprietary data he has, different kinds of proprietary data. Tesla, the language of the road; Neuralink, multiomics data; nobody else has that data. X, nobody else has that data either. I could see $100 trillion. I think it’s going to happen because of convergence. I think Tesla is the leading candidate [for $100 trillion] for the reason I just said.”
Musk said late last year that all of his companies seem to be “heading toward convergence,” and it’s started to come to fruition. Tesla invested in xAI, as revealed in its Q4 Earnings Shareholder Deck, and SpaceX recently acquired xAI, marking the first step in the potential for a massive umbrella of companies under Musk’s watch.
SpaceX officially acquires xAI, merging rockets with AI expertise
Now that it is happening, it seems Musk is even more enthusiastic about a massive valuation that would swell to nearly four-times the value of the top ten most valuable companies in the world currently, as he said on X, the idea of a $100 trillion valuation is “not impossible.”
It’s not impossible
— Elon Musk (@elonmusk) February 6, 2026
Tesla is not just a car company. With its many projects, including the launch of Robotaxi, the progress of the Optimus robot, and its AI ambitions, it has the potential to continue gaining value at an accelerating rate.
Musk’s comments show his confidence in Tesla’s numerous projects, especially as some begin to mature and some head toward their initial stages.
Elon Musk
Celebrating SpaceX’s Falcon Heavy Tesla Roadster launch, seven years later (Op-Ed)
Seven years later, the question is no longer “What if this works?” It’s “How far does this go?”
When Falcon Heavy lifted off in February 2018 with Elon Musk’s personal Tesla Roadster as its payload, SpaceX was at a much different place. So was Tesla. It was unclear whether Falcon Heavy was feasible at all, and Tesla was in the depths of Model 3 production hell.
At the time, Tesla’s market capitalization hovered around $55–60 billion, an amount critics argued was already grossly overvalued. SpaceX, on the other hand, was an aggressive private launch provider known for taking risks that traditional aerospace companies avoided.
The Roadster launch was bold by design. Falcon Heavy’s maiden mission carried no paying payload, no government satellite, just a car drifting past Earth with David Bowie playing in the background. To many, it looked like a stunt. For Elon Musk and the SpaceX team, it was a bold statement: there should be some things in the world that simply inspire people.
Inspire it did, and seven years later, SpaceX and Tesla’s results speak for themselves.
Today, Tesla is the world’s most valuable automaker, with a market capitalization of roughly $1.54 trillion. The Model Y has become the best-selling car in the world by volume for three consecutive years, a scenario that would have sounded insane in 2018. Tesla has also pushed autonomy to a point where its vehicles can navigate complex real-world environments using vision alone.
And then there is Optimus. What began as a literal man in a suit has evolved into a humanoid robot program that Musk now describes as potential Von Neumann machines: systems capable of building civilizations beyond Earth. Whether that vision takes decades or less, one thing is evident: Tesla is no longer just a car company. It is positioning itself at the intersection of AI, robotics, and manufacturing.
SpaceX’s trajectory has been just as dramatic.
The Falcon 9 has become the undisputed workhorse of the global launch industry, having completed more than 600 missions to date. Of those, SpaceX has successfully landed a Falcon booster more than 560 times. The Falcon 9 flies more often than all other active launch vehicles combined, routinely lifting off multiple times per week.
Falcon 9 has ferried astronauts to and from the International Space Station via Crew Dragon, restored U.S. human spaceflight capability, and even stepped in to safely return NASA astronauts Butch Wilmore and Suni Williams when circumstances demanded it.
Starlink, once a controversial idea, now dominates the satellite communications industry, providing broadband connectivity across the globe and reshaping how space-based networks are deployed. SpaceX itself, following its merger with xAI, is now valued at roughly $1.25 trillion and is widely expected to pursue what could become the largest IPO in history.
And then there is Starship, Elon Musk’s fully reusable launch system designed not just to reach orbit, but to make humans multiplanetary. In 2018, the idea was still aspirational. Today, it is under active development, flight-tested in public view, and central to NASA’s future lunar plans.
In hindsight, Falcon Heavy’s maiden flight with Elon Musk’s personal Tesla Roadster was never really about a car in space. It was a signal that SpaceX and Tesla were willing to think bigger, move faster, and accept risks others wouldn’t.
The Roadster is still out there, orbiting the Sun. Seven years later, the question is no longer “What if this works?” It’s “How far does this go?”
Energy
Tesla launches Cybertruck vehicle-to-grid program in Texas
The initiative was announced by the official Tesla Energy account on social media platform X.
Tesla has launched a vehicle-to-grid (V2G) program in Texas, allowing eligible Cybertruck owners to send energy back to the grid during high-demand events and receive compensation on their utility bills.
The initiative, dubbed Powershare Grid Support, was announced by the official Tesla Energy account on social media platform X.
Texas’ Cybertruck V2G program
In its post on X, Tesla Energy confirmed that vehicle-to-grid functionality is “coming soon,” starting with select Texas markets. Under the new Powershare Grid Support program, owners of the Cybertruck equipped with Powershare home backup hardware can opt in through the Tesla app and participate in short-notice grid stress events.
During these events, the Cybertruck automatically discharges excess energy back to the grid, supporting local utilities such as CenterPoint Energy and Oncor. In return, participants receive compensation in the form of bill credits. Tesla noted that the program is currently invitation-only as part of an early adopter rollout.
The launch builds on the Cybertruck’s existing Powershare capability, which allows the vehicle to provide up to 11.5 kW of power for home backup. Tesla added that the program is expected to expand to California next, with eligibility tied to utilities such as PG&E, SCE, and SDG&E.
Powershare Grid Support
To participate in Texas, Cybertruck owners must live in areas served by CenterPoint Energy or Oncor, have Powershare equipment installed, enroll in the Tesla Electric Drive plan, and opt in through the Tesla app. Once enrolled, vehicles would be able to contribute power during high-demand events, helping stabilize the grid.
Tesla noted that events may occur with little notice, so participants are encouraged to keep their Cybertrucks plugged in when at home and to manage their discharge limits based on personal needs. Compensation varies depending on the electricity plan, similar to how Powerwall owners in some regions have earned substantial credits by participating in Virtual Power Plant (VPP) programs.
Tesla to a $100T market cap? Elon Musk’s response may shock you
Celebrating SpaceX’s Falcon Heavy Tesla Roadster launch, seven years later (Op-Ed)
