Connect with us

News

LIVE BLOG: Tesla Cybertruck first delivery event

Credit: Ryan McCaffrey/X

Published

on

The Tesla Cybertruck is here. It took four years since the vehicle’s initial unveiling, but here we are. The first batch of owners are receiving their Tesla Cybertrucks today, and the world’s roads will never be the same. 

It took a lot to get to this point. When the Cybertruck was initially unveiled, Giga Texas has not even started its construction yet. The Cybertruck seemed like a pipe dream then, especially since the vehicle was designed so differently that critics were all but sure that the all-electric pickup truck would never be produced. 

But Tesla is Tesla, and it is a company that makes the impossible feel late. And so, one global pandemic and one new Gigafactory later, the Cybertruck is finally ready to be delivered to its first batch of customers.

Considering how important this day is, we at Teslarati will not miss the chance to cover it with a Live Blog. We’ll be updating this article over the course of the event, so please refresh the page for our latest updates. 

14:48 CT – Looks like that’s a wrap. Tesla delivered quite a number of Cybertrucks to consumers during this event. I gotta admit, while the event is short, it is quite enjoyable. Thank you so much for staying with us for this live blog. Until the next time!

Advertisement
-->

Here’s the full livestream of the Tesla Cybertruck delivery event on X.

14:42 CT – And with that, the vehicle’s first deliveries have begun. Musk comments that actual customers of the vehicle are receiving the vehicle. Musk could be heard chatting briefly with the new Cybertruck owners before they drove away in their new vehicle.

14:42 CT – Musk’s discussion now moves to the vehicle’s performance. He discusses the Cybertruck’s steer-by-wire system, which gives the Cybertruck great agility. Musk noted that the Cybertruck has a turning radius that’s smaller than a Model S.

Tesla now shows the Cybertruck racing against a Porsche 911 that’s fresh from the dealer. The pickup truck beat the 911 — while towing another Porsche 911. The Cybertruck’s 0-60 mph time of 2.6 seconds. Musk noted that the Cybertruck is “faster than a 911 while towing a 911.”

14:37 CT – The Tesla CEO’s discussion on the Cybertruck now moves to the vehicle’s utility. As noted by Musk, the Cybertruck features 2,500 payload capacity, an 11,000-pound towing capacity. The bed is also 6 feet long and 4 feet wide.

Advertisement
-->

Tesla now demonstrates how the Cybertruck stacks up against other pickup trucks in a pulling demo. The vehicle beat the Ford F-150 Lightning, Rivian R1T, and the Ford F-350 in the event.

“You have a truck that’s bullet tough, and can out-pull an F-350… It’s not just a grandstanding showpiece like me. It’s actually very useful,” Musk said.

14:31 CT – Elon shows off some of the Cybertruck’s crash tests. As noted by the CEO, the Cybertruck does not roll over. Tesla also shows off how the Cybertrucks’ body panels survived being shot at by a gun.

14:28 CT – Elon Musk opens the Cybertruck’s discussion with the vehicle’s toughness. He notes that Tesla had to develop the stainless steel used for the Cybertruck. “It has more torsional stiffness than a McLaren P1,” Musk said. “It’s a big deal.”

He also joked that four years ago, Tesla tried a demo that didn’t really go as planned. Franz steps up and throws a ball at the Cybertruck’s window. And it didn’t break this time. “The glass is tough, is basically what we’re saying,” Musk joked.

Advertisement
-->

14:28 CT – Elon notes that experts said that the Cybertruck was impossible, that it would never be made. “I think it’s our best product. Finally, the future will look like the future,” Musk said.

Kimbal also told Elon to keep himself on the light. The audience laughs.

14:26 CT – And the event is starting! Elon Musk is holding the event from the bed of the Cybertruck. The lighting could be better. Little X was a little overwhelmed, too, it seems.

14:24 CT – Alright, something is definitely happening. A promotional video for the production Cybertruck! It’s pretty epic. The video shows the all-electric pickup truck driving and ripping through every terrain imaginable. Nuts.

Also, how do you show that the Cybertruck can do “real” work? Show it being used by workers at a literal rocket factory!

Advertisement
-->

14:23 CT – Okay, I jumped the gun there. We’re up to 23 minutes and Elon hasn’t appeared yet. Really pushing the excitement for this event, Tesla.

14:18 CT – Looks like it’s about to start. The livestream is still the same, though.

14:12 CT – Elon Musk is now 12 minutes late. Elon time it is! That said, the graphics of the Cybertruck’s 4680 cells looks pretty darn sick.

14:05 CT – Looks like we’re really just waiting for other Tesla executives to make their entrance. Meanwhile, the livestream is serenading us with some futuristic music.

14:05 CT – Footage posted on X shows that Tesla board member Kimbal Musk is now interacting with some of the event’s attendees. He looks hyped.

Advertisement
-->

14:02 CT – Images from attendees show that the livestream has also started in Giga Texas. We’re all now waiting for Tesla executives to start the event.

14:00 CT – The livestream has started. We see a graphic of the Tesla Cybertruck’s interior and its parts floating. This totally gives sci-fi vibes, so it’s pretty nutty that this actual product will be delivered to customers later today.

13:59 CT – And we’re down to one minute before the event!

13:55 CT – Less than five minutes before the Cybertruck’s first delivery event starts its broadcast. Ah, this is very exciting. More exciting than the quarterly earnings calls, for sure.

13:50 CT – And we’re live! The countdown timer on Tesla’s official Cybertruck page is now down to its last 10 minutes. Will it start on time or is it Elon time again? We’ll find out soon. 

Advertisement
-->

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads-up.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Advertisement
Comments

News

Tesla expands Robotaxi app access once again, this time on a global scale

Tesla said recently it plans to launch Robotaxi in Miami, Houston, Las Vegas, Phoenix, and Dallas.

Published

on

Credit: Grok

Tesla has expanded Robotaxi app access once again, but this time, it’s on a much broader scale as the company is offering the opportunity for those outside of North America to download the app.

Tesla Robotaxi is the company’s early-stage ride-hailing platform that is active in Texas, California, and Arizona, with more expansion within the United States planned for the near future.

Tesla said recently it plans to launch Robotaxi in Miami, Houston, Las Vegas, Phoenix, and Dallas.

The platform has massive potential, and Tesla is leaning on it to be a major contributor to even more disruption in the passenger transportation industry. So far, it has driven over 550,000 miles in total, with the vast majority of this coming from the Bay Area and Austin.

First Look at Tesla’s Robotaxi App: features, design, and more

However, Tesla is focusing primarily on rapid expansion, but most of this is reliant on the company’s ability to gain regulatory permission to operate the platform in various regions. The expansion plans go well outside of the U.S., as the company expanded the ability to download the app to more regions this past weekend.

So far, these are the areas it is available to download in:

  • Japan
  • Thailand
  • Hong Kong
  • South Korea
  • Australia
  • Taiwan
  • Macau
  • New Zealand
  • Mexico
  • U.S.
  • Canada

Right now, while Tesla is focusing primarily on expansion, it is also working on other goals that have to do with making it more widely available to customers who want to grab a ride from a driverless vehicle.

One of the biggest goals it has is to eliminate safety monitors from its vehicles, which it currently utilizes in Austin in the passenger’s seat and in the driver’s seat in the Bay Area.

A few weeks ago, Tesla started implementing a new in-cabin data-sharing system, which will help support teams assist riders without anyone in the front of the car.

Tesla takes a step towards removal of Robotaxi service’s safety drivers

As Robotaxi expands into more regions, Tesla stands to gain tremendously through the deployment of the Full Self-Driving suite for personal cars, as well as driverless Robotaxis for those who are just hailing rides.

Things have gone well for Tesla in the early stages of the Robotaxi program, but expansion will truly be the test of how things operate going forward. Navigating local traffic laws and gaining approval from a regulatory standpoint will be the biggest hurdle to jump.

Continue Reading

Investor's Corner

Tesla gets price target boost, but it’s not all sunshine and rainbows

Published

on

Credit: Tesla Europe & Middle East/X

Tesla received a price target boost from Morgan Stanley, according to a new note on Monday morning, but there is some considerable caution also being communicated over the next year or so.

Morgan Stanley analyst Andrew Percoco took over Tesla coverage for the firm from longtime bull Adam Jonas, who appears to be focusing on embodied AI stocks and no longer automotive.

Percoco took over and immediately adjusted the price target for Tesla from $410 to $425, and changed its rating on shares from ‘Overweight’ to ‘Equal Weight.’

Percoco said he believes Tesla is the leading company in terms of electric vehicles, manufacturing, renewable energy, and real-world AI, so it deserves a premium valuation. However, he admits the high expectations for the company could provide for a “choppy trading environment” for the next year.

He wrote:

“However, high expectations on the latter have brought the stock closer to fair valuation. While it is well understood that Tesla is more than an auto manufacturer, we expect a choppy trading environment for the TSLA shares over the next 12 months, as we see downside to estimates, while the catalysts for its non-auto businesses appear priced at current levels.”

Percoco also added that if market cap hurdles are achieved, Morgan Stanley would reduce its price target by 7 percent.

Perhaps the biggest change with Percoco taking over the analysis for Jonas is how he will determine the value of each individual project. For example, he believes Optimus is worth about $60 per share of equity value.

He went on to describe the potential value of Full Self-Driving, highlighting its importance to the Tesla valuation:

“Full Self Driving (FSD) is the crown jewel of Tesla’s auto business; we believe that its leading-edge personal autonomous driving offering is a real game changer, and will remain a significant competitive advantage over its EV and non-EV peers. As Tesla continues to improve its platform with increased levels of autonomy (i.e., hands-off, eyes-off), it will revolutionize the personal driving experience. It remains to be seen if others will be able to keep pace.”

Additionally, Percoco outlined both bear and bull cases for the stock. He believes $860 per share, “which could be in play in the next 12 months if Tesla manages through the EV-downturn,” while also scaling Robotaxi, executing on unsupervised FSD, and scaling Optimus, is in play for the bull case.

Will Tesla thrive without the EV tax credit? Five reasons why they might

Meanwhile, the bear case is placed at $145 per share, and “assumes greater competition and margin pressure across all business lines, embedding zero value for humanoids, slowing the growth curve for Tesla’s robotaxi fleet to reflect regulatory challenges in scaling a vision-only perception stack, and lowering market share and margin profile for the autos and energy businesses.”

Currently, Tesla shares are trading at around $441.

Continue Reading

News

Tesla Optimus dramatically collapses after teleoperator mishap

It seemed blatantly obvious that whoever was controlling the Optimus robot from behind the scenes did not disconnect their ability to manipulate its movements

Published

on

Credit: @xdNiBoR | X

Tesla Optimus dramatically collapsed after a teleoperator mishap at the company’s “Future of Autonomy Visualized” event in Miami this past weekend.

It seemed blatantly obvious that whoever was controlling the Optimus robot from behind the scenes did not disconnect their ability to manipulate its movements, then left the controls, causing Optimus to collapse.

A video captured at the event shows Optimus doing a movement similar to taking a headset off, likely what the teleoperator uses to hear guest requests and communicate with other staff:

After the headset removal motion was completed, Optimus simply collapsed backward, making for an interesting bit of conversation. While it was a mishap, it was actually pretty funny to watch because of the drama displayed by the robot in the situation.

This was obviously a mistake made by the teleoperator, and does not appear to be a spot where we can put any sort of blame on Optimus. It would have likely just stood there and waited for controls to resume if the teleoperator had disconnected from the robot correctly.

However, details are pretty slim, and Tesla has not announced anything explaining the situation, likely because it seems to be a pretty face-value event.

Tesla Optimus shows off its newest capability as progress accelerates

The Tesla Optimus program has been among the most hyped projects that the company has been working on, as CEO Elon Musk has extremely high hopes for what it could do for people on Earth. He has said on several occasions that Optimus should be the most popular product of all time, considering its capabilities.

Obviously, the project is still a work in progress, and growing pains are going to be part of the development of Optimus.

In its development of Optimus Gen 3, Tesla has been working on refining the forearm, hand, and fingers of Optimus, something that Musk said is extremely difficult. However, it’s a necessary step, especially if its capabilities will not be limited by hardware.

All in all, Optimus has still been a very successful project for Tesla, especially in the early stages. The company has done an excellent job of keeping Optimus busy, as it helps with serving customers at events and the Tesla Diner, and is also performing tasks across the company’s manufacturing plants.

Continue Reading