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Elon Musk pledges $1 million to #TeamTrees viral tree-planting initiative
In May of 2019, popular YouTube creator “MrBeast” – real name: Jimmy Donaldson – reached 20 million subscribers. His followers quickly challenged him to plant as many trees as he had followers. In response, the YouTuber did what YouTubers do best: formed a collaborative effort of other well known YouTubers and legitimate foundations to crowdfund a viral challenge. The viral challenge has been so successful in just four days that it now has the backing of Tesla and SpaceX CEO Elon Musk.
Sounds cool. Where are the trees being planted & what kind of trees?— Elon Musk (@elonmusk) October 28, 2019
With the help of multiple partners, Donaldson paired up with The Arbor Day Foundation to create a fundraising campaign that would plant 20 million trees. TeamTrees.org was created and went live on Oct. 25th following an announcement video posted to the MrBeast Youtube channel. As stated on the site’s FAQ page, the organizers have promised all donors that “for every dollar you donate, one tree will be planted in a forest of high need around the world.”
In just four days the TeamTrees.org official Twitter account has garnered nearly 12 thousand followers when the challenge first caught the eye of Musk. Donaldson posted an update that “almost 6 million” trees had been planted accompanied by a screencap of what just 5,000 trees appeared as in the popular online game “Fortnite.” Musk responded “sounds cool,” but wanted more information and asked, “where are the trees being planted & what kind of trees?”
Of course, it comes as no surprise that the prospect of planting 20 million trees piqued the interest of the billionaire that founded Tesla. Musk has long been a supporter of the premise that electric vehicles could help reduce emissions and preserve the earth of the future. Combining an initiative to save Mother Earth by planting trees and using Fortnite as a visual reference was as genius as it could get to guarantee to grab the billionaire’s attention.
The factor that really drove it home was an almost immediate response by the influential tech review Youtuber, Marques Brownlee. Brownlee, who has had the opportunity to interview Musk at a Tesla factory, responded by linking the billionaire directly to the TeamTrees.org website. Musk then, almost as immediately, pledged to “donate 1M trees,” in other words, donate $1 million to the cause.
Ok, sounds legit, will donate 1M trees— Elon Musk (@elonmusk) October 29, 2019
Musk’s promised donation quickly gained appreciation all over the internet. The official Youtube Twitter account soon confirmed the legitimacy of Musk’s pledge. Then, larger than life social media platform – owned by parent company Google – promised to match every one of the following million donations to keep the support of TeamTrees.org going.
While pledging to plant 20 million trees is surely an effort in the right direction of combating global climate change, it may be just a drop in a bucket. As suggested in a fortuitous and completely unrelated article, WIRED.com suggests that more than just planting trees would need to be done in order to really address the issue of excess carbon in the atmosphere. An overarching theme of the article is that “seedlings and fancy agriculture” won’t even make a dent in the issue if emissions aren’t reduced.
“It’s possible to imagine agriculture as a kind of geoengineering, of improving on nature’s yields and productivity. If it could also improve on nature’s ability to put carbon in the ground, that would be transformative. But there’s no evidence yet people can do it at a scale that it can by itself save the planet.” – WIRED.com
Perhaps it won’t completely save the planet from the destruction that has already been done but surely vowing to plant sustainable trees in forests of high need is a step in the right direction. Especially when the cause has gained the attention of thousands of internet users and some very influential creators including MythBusters’ Adam Savage and SmarterEveryday’s Destin Sandlin.
If you would like more information about the campaign backed by Elon Musk, you can view the announcement video below or visit TeamTrees.org to pledge your own donation.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
