Connect with us
Pete Buttigieg: "Tesla is the largest producer of EVs in the country" Pete Buttigieg: "Tesla is the largest producer of EVs in the country"

News

Pete Buttigieg: “Tesla is the largest producer of EVs in the country”

Photo Credit: Yahoo! Finance YouTube

Published

on

In an interview with Yahoo! Finance’s Andy Serwer, U.S. Transportation Secretary Pete Buttigieg said that Tesla is the largest producer of EVs in this country. He also gave Tesla the credit for its role as a leader in the EV revolution.

The interview aired on July 20, 2022, and Secretary Buttigieg did something that the Biden Administration has been notoriously shy about doing. He credited Tesla for its work in advancing the EV revolution.

Buttigieg: “Tesla is the largest producer of EVs in the country.”

Serwer got right to the point when he asked if Tesla and the Biden administration were on the same page. Buttigieg replied,

“Look, we’re– as a regulator, we call balls and strikes. And we regulate to make sure that they’re compliant with the laws. We don’t cheer for one company over another. Tesla is the largest producer of EVs in the country. They’ve played a remarkable role in propelling EV revolution. There are many companies that are doing remarkable work.”

“And again, my primary goal is just to make sure that every auto that hits the road, no matter who, is safe and complies with our safety expectations. And then, more broadly, to your private sector, to ensure that this is a ‘made in America’ EV revolution.”

In the past, the Biden Administration has snubbed Tesla

When Elon Musk responded to my article in CleanTechnica that asked if the White House would exclude Tesla from its EV event, the White House confirmed that it was an event for the United Auto Workers Union.

Biden, GM, Mexico, and Tesla.

I think we can all remember when President Biden claimed that the CEO of General Motors, Mary Barra led the electric revolution and the ensuing outrage from Tesla supporters (myself included).

It was Tesla that led, not GM. Even Bloomberg called out the President in one of their articles. You know you’ve done wrong when Bloomberg defends Tesla.

Advertisement

It wasn’t until Gail Alfar and I launched an online petition that asked the President to acknowledge Tesla’s EV leadership. Initially, I was going to keep my part anonymous but Gail pointed out that I shouldn’t have done that–especially after the petition wound up not only going viral but actually being successful.

And recently, it seems that GM betrayed Biden’s loyalty with a $1 billion investment in Mexico for an EV production plant.

My final 2.5¢

I think it’s good to hear the U.S. Transportation Secretary admitting Tesla’s role in the EV revolution and its role in the market.

However, when he said that the administration doesn’t cheer for one company over another, I felt that this was a bit misleading. Okay, to be quite honest, I felt as if it were a lie.

President Biden literally told the world that GM was the leader of the EV revolution. How is this not cheering for one company over another? Especially when everyone knew it was a lie?

Perhaps Buttigieg was speaking for himself when he said that part. Either way, it is a good thing that the Biden administration has finally admitted what everyone else has known all along.

Disclaimer: Johnna is a partial Tesla shareholder with under 1 share currently. She plans on buying more and supports Tesla and its mission. 

I’d love to hear from you! If you have any comments, or concerns, see a typo, you can email me at johnna@teslarati.com. You can also reach me on Twitter @JohnnaCrider1

Johnna Crider is a Baton Rouge writer covering Tesla, Elon Musk, EVs, and clean energy & supports Tesla's mission. Johnna also interviewed Elon Musk and you can listen here

Advertisement
Comments

Cybertruck

Tesla analyst claims another vehicle, not Model S and X, should be discontinued

Published

on

Credit: Tesla

Tesla analyst Gary Black of The Future Fund claims that the company is making a big mistake getting rid of the Model S and Model X. Instead, he believes another vehicle within the company’s lineup should be discontinued: the Cybertruck.

Black divested The Future Fund from all Tesla holdings last year, but he still covers the stock as an analyst as it falls in the technology and autonomy sectors, which he covers.

In a new comment on Thursday, Black said the Cybertruck should be the vehicle Tesla gets rid of due to the negatives it has drawn to the company.

The Cybertruck is also selling in an underwhelming fashion considering the production capacity Tesla has set aside for it. It’s worth noting it is still the best-selling electric pickup on the market, and it has outlasted other EV truck projects as other manufacturers are receding their efforts.

Black said:

IMHO it’s a mistake to keep Tesla Cybertruck which has negative brand equity and sold 10,000 units last year, and discontinue S/X which have strong repeat brand loyalty and together sold 30K units and are highly profitable. Why not discontinue CT and covert S/X to be fully autonomous?”

On Wednesday, CEO Elon Musk confirmed that Tesla planned to transition Model S and Model X production lines at the Fremont Factory to handle manufacturing efforts of the Optimus Gen 3 robot.

Musk said that it was time to wind down the S and X programs “with an honorable discharge,” also noting that the two cars are not major contributors to Tesla’s mission any longer, as its automotive division is more focused on autonomy, which will be handled by Model 3, Model Y, and Cybercab.

Advertisement

Tesla begins Cybertruck deliveries in a new region for the first time

The news has drawn conflicting perspectives, with many Tesla fans upset about the decision, especially as it ends the production of the largest car in the company’s lineup. Tesla’s focus is on smaller ride-sharing vehicles, especially as the vast majority of rides consist of two or fewer passengers.

The S and X do not fit in these plans.

Nevertheless, the Cybertruck fits in Tesla’s future plans. Musk said the pickup will be needed for the transportation of local goods. Musk also said Cybertruck would be transitioned to an autonomous line.

Continue Reading

Elon Musk

SpaceX reportedly discussing merger with xAI ahead of blockbuster IPO

Published

on

Credit: SpaceX/X

In a groundbreaking new report from Reuters, SpaceX is reportedly discussing merger possibilities with xAI ahead of the space exploration company’s plans to IPO later this year, in what would be a blockbuster move.

The outlet said it would combine rockets and Starlink satellites, as well as the X social media platform and AI project Grok under one roof. The report cites “a person briefed on the matter and two recent company filings seen by Reuters.”

Musk, nor SpaceX or xAI, have commented on the report, so, as of now, it is unconfirmed.

With that being said, the proposed merger would bring shares of xAI in exchange for shares of SpaceX. Both companies were registered in Nevada to expedite the transaction, according to the report.

Tesla announces massive investment into xAI

On January 21, both entities were registered in Nevada. The report continues:

“One of them, a limited liability company, lists SpaceX ​and Bret Johnsen, the company’s chief financial officer, as managing members, while the other lists Johnsen as the company’s only officer, the filings show.”

The source also stated that some xAI executives could be given the option to receive cash in lieu of SpaceX stock. No agreement has been reached, nothing has been signed, and the timing and structure, as well as other important details, have not been finalized.

SpaceX is valued at $800 billion and is the most valuable privately held company, while xAI is valued at $230 billion as of November. SpaceX could be going public later this year, as Musk has said as recently as December that the company would offer its stock publicly.

SpaceX IPO is coming, CEO Elon Musk confirms

Advertisement

The plans could help move along plans for large-scale data centers in space, something Musk has discussed on several occasions over the past few months.

At the World Economic Forum last week, Musk said:

“It’s a no-brainer for building solar-powered AI data centers in space, because as I mentioned, it’s also very cold in space. The net effect is that the lowest cost place to put AI will be space and that will be true within two to three years, three at the latest.”

He also said on X that “the most important thing in the next 3-4 years is data centers in space.”

If the report is true and the two companies end up coming together, it would not be the first time Musk’s companies have ended up coming together. He used Tesla stock to purchase SolarCity back in 2016. Last year, X became part of xAI in a share swap.

Continue Reading

Elon Musk

Tesla hits major milestone with Full Self-Driving subscriptions

Published

on

Credit: Ashok Elluswamy/X

Tesla has announced it has hit a major milestone with Full Self-Driving subscriptions, shortly after it said it would exclusively offer the suite without the option to purchase it outright.

Tesla announced on Wednesday during its Q4 Earnings Call for 2025 that it had officially eclipsed the one million subscription mark for its Full Self-Driving suite. This represented a 38 percent increase year-over-year.

This is up from the roughly 800,000 active subscriptions it reported last year. The company has seen significant increases in FSD adoption over the past few years, as in 2021, it reported just 400,000. In 2022, it was up to 500,000 and, one year later, it had eclipsed 600,000.

In mid-January, CEO Elon Musk announced that the company would transition away from giving the option to purchase the Full Self-Driving suite outright, opting for the subscription program exclusively.

Musk said on X:

“Tesla will stop selling FSD after Feb 14. FSD will only be available as a monthly subscription thereafter.”

The move intends to streamline the Full Self-Driving purchase option, and gives Tesla more control over its revenue, and closes off the ability to buy it outright for a bargain when Musk has said its value could be close to $100,000 when it reaches full autonomy.

Advertisement

It also caters to Musk’s newest compensation package. One tranche requires Tesla to achieve 10 million active FSD subscriptions, and now that it has reached one million, it is already seeing some growth.

The strategy that Tesla will use to achieve this lofty goal is still under wraps. The most ideal solution would be to offer a less expensive version of the suite, which is not likely considering the company is increasing its capabilities, and it is becoming more robust.

Tesla is shifting FSD to a subscription-only model, confirms Elon Musk

Currently, Tesla’s FSD subscription price is $99 per month, but Musk said this price will increase, which seems counterintuitive to its goal of increasing the take rate. With that being said, it will be interesting to see what Tesla does to navigate growth while offering a robust FSD suite.

Continue Reading