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GM looks to close gap from Tesla with sizable EV tech hiring ramp
General Motors has announced that it will begin hiring 3,000 new employees across engineering, design, and information technology through Q1 201 in an attempt to begin preparing for a massive transition to produce all-electric vehicles.
In a press release from November 9th, GM announced its intentions to hire new talent that could introduce fresh ideas and innovative designs as the company begins to prepare for the “development of autonomous and electric vehicles and advanced platforms like the Ultium battery system.” The plan intends to increase GM’s efficiency as it transitions to new powertrains and vehicle types while keeping costs low to allow for affordable models for customers.
GM to hire 3,000 people to work on future products and "software as a service". Company expects an inflection mid-decade where public demand for EV's will increase, and with it, will come greater demand for software related services. $GM
— Phil LeBeau (@Lebeaucarnews) November 9, 2020
“As we evolve and grow our software expertise and services, it’s important that we continue to recruit and add diverse talent. This will clearly show that we’re committed to further developing the software we need to lead in EVs, enhance the customer experience, and become a software expertise-driven workforce,” GM President Mark Reuss said.
GM’s first steps in refining their new EV project involve developing and integrating “world-class software and services” that will increase the company’s vision for the future. This includes zero crashes, zero emissions, zero congestion, the press release says. There will be no shortage of employment opportunities. Everything from electrical engineers to infotainment software developers is being sought out by the legacy automaker, building onto the already-existing GM platform.
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- General Motors announced Monday, Nov. 9, 2020 it will hire 3,000 new employees across engineering, design and IT to help transform the future of product development and software as a service. GM will offer more remote opportunities than ever before as development of autonomous and electric vehicles and advanced platforms like the Ultium battery system continue at a fast pace. GM Software Automation Engineer Daniel Heintzel works with a telematics robot Wednesday, September 19, 2019 at the GM Infotainment Lab in Warren, Michigan. This facility now follows GM-mandated guidelines to help protect against the spread of COVID-19, including mandatory use of face masks and social distancing. (Photo by John F. Martin for General Motors)
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- General Motors announced Monday, Nov. 9, 2020 it will hire 3,000 new employees across engineering, design and IT to help transform the future of product development and software as a service. GM will offer more remote opportunities than ever before as development of autonomous and electric vehicles and advanced platforms like the Ultium battery system continue at a fast pace. GM Software Test Engineer Shashank Lakshmikanth conducts connectivity checks and stress tests Wednesday, September 19, 2019 at the GM Infotainment Lab in Warren, Michigan. This facility now follows GM-mandated guidelines to help protect against the spread of COVID-19, including mandatory use of face masks and social distancing. (Photo by John F. Martin for General Motors)
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- General Motors announced Monday, Nov. 9, 2020 it will hire 3,000 new employees across engineering, design and IT to help transform the future of product development and software as a service. GM will offer more remote opportunities than ever before as development of autonomous and electric vehicles and advanced platforms like the Ultium battery system continue at a fast pace. GM System Bench Lead Engineer Radha Iyer performs tests at the full system bench Wednesday, September 19, 2019 at the GM Electrical Integration Lab in Warren, Michigan. This facility now follows GM-mandated guidelines to help protect against the spread of COVID-19, including mandatory use of face masks and social distancing. (Photo by John F. Martin for General Motors)
Additionally, GM plans to improve upon its Vehicle Intelligence Platform, which includes its Tesla Autopilot rival, Super Cruise, a driver assistance feature. Recently, Consumer Reports controversially ranked Super Cruise above Tesla’s Autopilot, stating that the Elon Musk-headed company was a “distant second” compared to General Motors’ software.
GM has adopted a somewhat opened-mind regarding EVs and alternative forms of energy for passenger transportation. It has unveiled its Hummer EV, which will bring both the Tesla Cybertruck and the Rivian R1T some competition in the electric pickup truck market. However, some are still skeptical about GM’s total commitment to a full EV transition.
While the legacy automaker has committed to building 20 new fully-electric cars by 2023, it has also stated that it plans to allocate more than $20 billion of capital and engineering resources to its future EV programs through the next five years.
News
Tesla ends Full Self-Driving purchase option in the U.S.
In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.
Tesla has officially ended the option to purchase the Full Self-Driving suite outright, a move that was announced for the United States market in January by CEO Elon Musk.
The driver assistance suite is now exclusively available in the U.S. as a subscription, which is currently priced at $99 per month.
Tesla moved away from the outright purchase option in an effort to move more people to the subscription program, but there are concerns over its current price and the potential for it to rise.
In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.
Although Tesla moved back the deadline in other countries, it has now taken effect in the U.S. on Sunday morning. Tesla updated its website to reflect this:
🚨 Tesla has officially moved the outright purchase option for FSD on its website pic.twitter.com/RZt1oIevB3
— TESLARATI (@Teslarati) February 15, 2026
There are still some concerns regarding its price, as $99 per month is not where many consumers are hoping to see the subscription price stay.
Musk has said that as capabilities improve, the price will go up, but it seems unlikely that 10 million drivers will want to pay an extra $100 every month for the capability, even if it is extremely useful.
Instead, many owners and fans of the company are calling for Tesla to offer a different type of pricing platform. This includes a tiered-system that would let owners pick and choose the features they would want for varying prices, or even a daily, weekly, monthly, and annual pricing option, which would incentivize longer-term purchasing.
Although Musk and other Tesla are aware of FSD’s capabilities and state is is worth much more than its current price, there could be some merit in the idea of offering a price for Supervised FSD and another price for Unsupervised FSD when it becomes available.
Elon Musk
Musk bankers looking to trim xAI debt after SpaceX merger: report
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.
Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.
The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.
The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.
Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”
That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.
X merged with xAI last March, which brought the valuation to $45 billion, including the debt.
SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:
“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”
The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.
News
Tesla pushes Full Self-Driving outright purchasing option back in one market
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.
The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.
NEWS: Tesla is ending the option to buy FSD as a one-time outright purchase in Australia on March 31, 2026.
It still ends on Feb 14th in North America. https://t.co/qZBOztExVT pic.twitter.com/wmKRZPTf3r
— Sawyer Merritt (@SawyerMerritt) February 13, 2026
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.
The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.
Tesla hits major milestone with Full Self-Driving subscriptions
However, Tesla just launched it just last year in Australia.
Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.
The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.
In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.
The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.
Tesla ends Full Self-Driving purchase option in the U.S.
Musk bankers looking to trim xAI debt after SpaceX merger: report
