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Norway saves Tesla’s stock prices

Norway helps Tesla gain an extra 6% at trading and will help meet its delivery estimates

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Tesla Model S SnowIt’s funny to think a disruptive electric vehicle (EV) Californian startup can not only get under the skin of the biggest automakers in the U.S., but would find some of its biggest success in a country known for its harsh cold weather, Norway.

Norway is red hot for Tesla Motors

Norway has the hots for Tesla Motors and shows a serious love for electric vehicles (EV) than even our fair weathered states in the U.S.. Norway helped push Tesla’s shares by more than 6% on Wednesday, sending analyst scratching their heads once more. To put this into context, the over-value of Tesla’s shares (TSLA) has attracted criticism, even from Elon Musk. This has raised serious red flags for investors, most of which have flocked en masse to buy shares, thus further raising its price.

Gigafactory sends analysts into a frenzy

It would be fair to say that news of the Gigafactory sent analysts through the roof with negative comments and recommendations. Tesla stocks spiked to a dizzying $265, then fell to $203 in a month to finally stabilize at $230 currently. According to Seeking Alpha, Tesla’s production is expected to out-pace its deliveries in the first quarter of this year. In other words, as Tesla moves more vehicles around, thanks to its European and Asian markets, the European sales will be very important for the company and its valuation.

Analysts predict the future through equations. Yet a closer look at their track record shows they don’t always get it right. In fact, they rarely do. Not too many predicted the 2005 real estate crash, and even less predicted the 2008 economic nightmare. Analysts get carried away as investors unnaturally inflating stock prices beyond their realistic values. Still, if the Gigafactory is exciting, it raises a lot of valid economic questions.

Playing the Tesla number game

In a recent report from StreetInsider , Tesla nearly reached 1,500 deliveries in Norway during March. This is up from just 563 in the first two months of 2014 and the report shows it delivered 2,057 vehicles in Norway this year so far, compared to under 2,000 all of 2013 in Norway. Tesla has already outpaced last year’s total and could be well on track to meet its estimates.

If Tesla expects 35,000 deliveries in 2014, it needs to increase its production rate, since only 6,500 deliveries were expected in the first quarter of the year. This means in order for the company to achieve its 35,000 Model S target, it would need to reach 6,500 deliveries in the first quarter, followed by 7,500 in the second quarter and 9,500 in the third quarter, and finally 11,500 in the last quarter. You can see this is a lot, even for Tesla Motors.

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It’s exciting to see Tesla beat estimates. Many downplayed the company in its early years. Those of us backing Tesla since then were dismissed as idealists with no grasp on reality. Yet, reality has to start from somewhere, and that usually is through imagination. Tesla shows there is room for what we truly want and need to happen, that entrepreneurship is well and alive in the U.S..

Note: The author does not own any Tesla Motors stocks to his awareness, although has ETF shares, which can include any given stocks at any time.

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Tesla lands approval for Robotaxi operation in third U.S. state

On Tuesday, Tesla officially received regulatory approval from the State of Arizona, making it the third state for the company to receive approval in.

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Tesla has officially landed approval to operate its Robotaxi ride-hailing service in its third U.S. state, as it has landed a regulatory green light from the State of Arizona’s Department of Transportation.

Tesla has been working to expand to new U.S. states after launching in Texas and California earlier this year. Recently, it said it was hoping to land in Nevada, Arizona, and Florida, expanding to five new cities in those three states.

On Tuesday, Tesla officially received regulatory approval from the State of Arizona, making it the third state for the company to receive approval in:

Tesla has also been working on approvals in Nevada and Florida, and it has also had Robotaxi test mules spotted in Pennsylvania.

The interesting thing about the Arizona approval is the fact that Tesla has not received an approval for any specific city; it appears that it can operate statewide. However, early on, Tesla will likely confine its operation to just one or two cities to keep things safe and controlled.

Over the past few months, Robotaxi mules have been spotted in portions of Phoenix and surrounding cities, such as Scottsdale, as the company has been attempting to cross off all the regulatory Ts that it is confronted with as it attempts to expand the ride-hailing service.

It appears the company will be operating it similarly to how it does in Texas, which differs from its California program. In Austin, there is no Safety Monitor in the driver’s seat, unless the route requires freeway travel. In California, there is always a Safety Monitor in the driver’s seat. However, this is unconfirmed.

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Earlier today, Tesla enabled its Robotaxi app to be utilized for ride-hailing for anyone using the iOS platform.

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Tesla ride-hailing Safety Monitor dozes off during Bay Area ride

We won’t try to blame the camera person for the incident, because it clearly is not their fault. But it seems somewhat interesting that they did not try to wake the driver up and potentially contact Tesla immediately to alert them of the situation.

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Credit: u/ohmichael on Reddit

A Tesla Robotaxi Safety Monitor appeared to doze off during a ride in the California Bay Area, almost ironically proving the need for autonomous vehicles.

The instance was captured on camera and posted to Reddit in the r/sanfrancisco subreddit by u/ohmichael. They wrote that they have used Tesla’s ride-hailing service in the Bay Area in the past and had pleasant experiences.

However, this one was slightly different. They wrote:

“I took a Tesla Robotaxi in SF just over a week ago. I have used the service a few times before and it has always been great. I actually felt safer than in a regular rideshare.

This time was different. The safety driver literally fell asleep at least three times during the ride. Each time the car’s pay attention safety alert went off and the beeping is what woke him back up.

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I reported it through the app to the Robotaxi support team and told them I had videos, but I never got a response.

I held off on posting anything because I wanted to give Tesla a chance to respond privately. It has been more than a week now and this feels like a serious issue for other riders too.

Has anyone else seen this happen?”

My Tesla Robotaxi “safety” driver fell asleep
byu/ohmichael insanfrancisco

The driver eventually woke up after prompts from the vehicle, but it is pretty alarming to see someone like this while they’re ultimately responsible for what happens with the ride.

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We won’t try to blame the camera person for the incident, because it clearly is not their fault. But it seems somewhat interesting that they did not try to wake the driver up and potentially contact Tesla immediately to alert them of the situation.

They should have probably left the vehicle immediately.

Tesla’s ride-hailing service in the Bay Area differs from the one that is currently active in Austin, Texas, due to local regulations. In Austin, there is no Safety Monitor in the driver’s seat unless the route requires the highway.

Tesla plans to remove the Safety Monitors in Austin by the end of the year.

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Tesla opens Robotaxi access to everyone — but there’s one catch

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Credit: Tesla

Tesla has officially opened Robotaxi access to everyone and everyone, but there is one catch: you have to have an iPhone.

Tesla’s Robotaxi service in Austin and its ride-hailing service in the Bay Area were both officially launched to the public today, giving anyone using the iOS platform the ability to simply download the app and utilize it for a ride in either of those locations.

It has been in operation for several months: it launched in Austin in late June and in the Bay Area about a month later. In Austin, there is nobody in the driver’s seat unless the route takes you on the freeway.

In the Bay Area, there is someone in the driver’s seat at all times.

The platform was initially launched to those who were specifically invited to Austin to try it out.

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Tesla confirms Robotaxi is heading to five new cities in the U.S.

Slowly, Tesla launched the platform to more people, hoping to expand the number of rides and get more valuable data on its performance in both regions to help local regulatory agencies relax some of the constraints that were placed on it.

Additionally, Tesla had its own in-house restrictions, like the presence of Safety Monitors in the vehicles. However, CEO Elon Musk has maintained that these monitors were present for safety reasons specifically, but revealed the plan was to remove them by the end of the year.

Now, Tesla is opening up Robotaxi to anyone who wants to try it, as many people reported today that they were able to access the app and immediately fetch a ride if they were in the area.

We also confirmed it ourselves, as it was shown that we could grab a ride in the Bay Area if we wanted to:

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The launch of a more public Robotaxi network that allows anyone to access it seems to be a serious move of confidence by Tesla, as it is no longer confining the service to influencers who are handpicked by the company.

In the coming weeks, we expect Tesla to then rid these vehicles of the Safety Monitors as Musk predicted. If it can come through on that by the end of the year, the six-month period where Tesla went from launching Robotaxi to enabling driverless rides is incredibly impressive.

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