News
Tesla App gets updated with new UI, fresh features, and direct access to shop
Tesla has rolled out an update to its mobile app recently, featuring a completely revamped user interface, some novel new functions, and direct access to the online Tesla Shop. The Tesla mobile app will play a significant role once the company opens up its Supercharger network to non-Tesla electric vehicles.
One of the biggest changes to the Tesla App is the Tesla Shop, which would allow owners to order accessories and other items for their vehicles directly from their mobile devices. “Shop the Tesla catalog and view and manage your orders (available in select countries),” notes the description of the update.
-
- The new Tesla app features direct access to the Tesla Shop. (Credit: Tesla)
-
- The new Tesla app features direct access to the Tesla Shop. (Credit: Tesla)
-
- The new Tesla app features direct access to the Tesla Shop. (Credit: Tesla)
Apart from direct access to the Tesla Shop, the new app also provides improved graphics that accurately depict the configuration of owners’ vehicles, such as the color of the seats in the cars’ interior. The app’s Summon page has been revamped as well, and a video tutorials page — which highlights how to properly use a Tesla’s features — has also been rolled out.
The Tesla App will be instrumental when the company opens up its Supercharger Network to other EVs because it will be the main point of interaction for car owners at the charging stations. EV owners who want to avail the services at Tesla charging stations will need to download the company’s mobile app for transactions. Seeing the robust features of the Tesla app may encourage some EV owners to try out the company’s vehicles for themselves.
-
- Tesla’s updated app reflects a vehicle’s specific interior and exterior configuration. (Credit: Tesla)
-
- Tesla’s updated app reflects a vehicle’s specific interior and exterior configuration. (Credit: Tesla)and exterior configuration. (Credit: Tesla)
-
- Tesla’s updated app reflects a vehicle’s specific interior and exterior configuration. (Credit: Tesla)
-
- The Tesla app update features a revamped menu for video tutorials. (Credit: Tesla)
“We’re currently thinking it’s a real simple thing where you just download the Tesla app, and you go to Supercharger. And you just indicate which stall you’re in. So you plug in your car, even if it’s not Tesla. And then you just access the app and say, turn on this stall that I’m in for how much electricity. And this should basically work with, I think, almost any manufacturer’s cars,” explained Elon Musk at the last earnings call.
The notes of the update reveal that Tesla did have Supercharging in mind in the latest update. “View Supercharging history and ability to pay outstanding Supercharging or service balance (available in select countries),” said the Tesla App’s “What’s New” section.
-
- The new Tesla mobile app. (Credit: Tesla)
-
- The new Tesla app’s updated Summon interface. (Credit: Tesla)
-
- The new Tesla app’s security menu. (Credit: Tesla)
-
- The new Tesla mobile app’s Home menu. (Credit: Tesla)
Other notable updates to the Tesla App are listed below.
- Refreshed vehicle and energy homepage
- Streamlined Summon experience
- Enhanced phone key support – vehicle no longer needs to be selected
- Send commands to vehicle immediately upon opening app
- Use Go Off-Grid to seamlessly disconnect your home from the Grid with Powerwall
The Tesla App update for solar is 🔥🔥🔥 @elonmusk pic.twitter.com/ucEe1Kg0on
— Tesla Owners Silicon Valley (@teslaownersSV) August 26, 2021
The Teslarati team would appreciate hearing from you. If you have any tips, reach out to me at maria@teslarati.com or via Twitter @Writer_01001101.
Investor's Corner
Barclays lifts Tesla price target ahead of Q3 earnings amid AI momentum
Analyst Dan Levy adjusted his price target for TSLA stock from $275 to $350, while maintaining an “Equal Weight” rating for the EV maker.
Barclays has raised its price target for Tesla stock (NASDAQ: TSLA), with the firm’s analysts stating that the electric vehicle maker is approaching its Q3 earnings with two contrasting “stories.”
Analyst Dan Levy adjusted his price target for TSLA stock from $275 to $350, while maintaining an “Equal Weight” rating for the EV maker.
Tesla’s AI and autonomy narrative
Levy told investors that Tesla’s “accelerating autonomous and AI narrative,” amplified by CEO Elon Musk’s proposed compensation package, is energizing market sentiment. The analyst stated that expectations for a Q3 earnings-per-share beat are supported by improved vehicle delivery volumes and stronger-than-expected gross margins, as noted in a TipRanks report.
Tesla has been increasingly positioning itself as an AI-driven company, with Elon Musk frequently emphasizing the long-term potential of its Full Self-Driving (FSD) software and products like Optimus, both of which are heavily driven by AI. The company’s AI focus has also drawn the support of key companies like Nvidia, one of the world’s largest companies today.
Still cautious on TSLA
Despite bullish AI sentiments, Barclays maintained its caution on Tesla’s underlying business metrics. Levy described the firm’s stance as “leaning neutral to slightly negative” heading into the Q3 earnings call, citing concerns about near-term fundamentals of the electric vehicle maker.
Barclays is not the only firm that has expressed its concerns about TSLA stock recently. As per previous reports, BNP Paribas Exane also shared an “Underperform” rating on the company due to its two biggest products, the Robotaxi and Optimus, still generating “zero sales today, yet inform ~75% of our ~$1.02 trillion price target.” BNP Paribas, however, also estimated that Tesla will have an estimated 525,000 active Robotaxis by 2030, 17 million cumulative Optimus robot deliveries by 2040, and more than 11 million FSD subscriptions by 2030.
Investor's Corner
BNP Paribas Exane initiates Tesla coverage with “Underperform” rating
The firm’s projections for Tesla still include an estimated 525,000 active Robotaxis by 2030.
Tesla (NASDAQ: TSLA) has received a bearish call from BNP Paribas Exane, which initiated coverage on the stock with an Underperform rating and a $307 price target, about 30% below current levels.
The firm’s analysts argued that Tesla’s valuation is driven heavily by artificial intelligence ventures such as the Robotaxi and Optimus, which are both still not producing any sales today.
Tesla’s valuation
In its note, BNP Paribas Exane stated that Tesla’s two AI-led programs, the Robotaxi and Optimus robots, generate “zero sales today, yet inform ~75% of our ~$1.02 trillion price target.” The research firm’s model projected a maximum bull-case valuation of $2.7 trillion through 2040, but after discounting milestone probabilities, its base-case valuation remained at $1.02 trillion.
The analysts described their outlook as optimistic toward Tesla’s AI ventures but cautioned that the stock’s “unfavorable risk/reward is clear,” adding that consensus earnings expectations for 2026 remain too high. Tesla’s market cap currently stands around $1.44 trillion with a trailing twelve-month revenue of $92.7 billion, which BNP Paribas argued does not justify Tesla’s P/E ratio of 258.59, as noted in an Investing.com report.
Tesla and its peers
BNP Paribas Exane’s report also included a comparative study of the “Magnificent Seven,” finding Tesla’s current market valuation as rather aggressive. “Our unique comparative analysis of the ‘Mag 7’ reveals the extreme nature of TSLA’s valuation, as the market implicitly says TSLA’s 2035 earnings (~55% of which will be driven by Robotaxi & Optimus, w/ zero sales now) have the same level of risk & value-appropriation as the ‘Mag 6’s’ 2026 earnings,” the firm noted.
The firm’s projections for Tesla include an estimated 525,000 active Robotaxis by 2030, 17 million cumulative Optimus robot deliveries by 2040 priced above $20,000 each, and more than 11 million Full Self-Driving subscriptions by 2030. Interestingly enough, these seem to be rather optimistic projections for one of the electric vehicle maker’s more bearish estimates today.
News
Tesla FSD’s new Mad Max mode is getting rave reviews from users
It does appear that Mad Max mode is destined to be one of the system’s biggest steps forward to date.
Tesla’s release notes for the newly released Mad Max mode for FSD (Supervised) V14.1.2 simply stated that the feature “comes with higher speeds and more frequent lane changes than Hurry.” But as per videos that have been posted online by FSD users who have tested the system, it does appear that Mad Max mode is destined to be one of the system’s biggest steps forward to date.
It is then no surprise that the new capability is getting rave reviews from Tesla owners.
Impressive tests
A look at posts on social media platform X would show that, similar to past FSD releases, numerous Tesla content creators immediately tested Mad Max mode on real-world streets after it was downloaded onto their vehicle. Considering that the update was released rather late, the first tests of Mad Max mode were done at night. Despite this, it was evident that Tesla worked very hard to make Mad Max mode into something that is very useful in real-world scenarios.
This could be seen in videos from longtime Tesla owner @BLKMDL3, who observed that Max Max mode was “amazing” and like “perfect for LA traffic” due to its cautious but assertive nature. Later on, the Tesla owner noted that after eight drives, it was evident that FSD (Supervised) V14.1.2 was impressive.
Assertive but safe
Other testers such as Model Y owner Sawyer Merritt noted that Mad Max mode drives very quickly and confidently, with smoother acceleration that is still very safe. These were echoed by another longtime FSD tester, Dirty Tesla, who noted that Mad Max mode seems to be designed for heavy, aggressive traffic so users could fit in better. The FSD user did, however, observe that Mad Max mode does speed up a lot on open roads.
Recent comments from Tesla AI Head Ashok Elluswamy have indicated that Mad Max mode was created to be a solution for daytime congested traffic, which is arguably one of the most soul-crushing experiences that drivers deal with on a daily basis. With this in mind, it does appear that FSD (Supervised) V14.1.2 could prove to be a notable step forward in Tesla’s push towards true autonomous driving.
Barclays lifts Tesla price target ahead of Q3 earnings amid AI momentum
BNP Paribas Exane initiates Tesla coverage with “Underperform” rating
Tesla FSD’s new Mad Max mode is getting rave reviews from users
-
News4 hours agoTesla exec hints at FSD Mad Max mode’s killer feature
-
Elon Musk1 day agoStarship’s next chapter: SpaceX eyes tower catch after flawless Flight 11
-
News1 day agoTesla reportedly places large order for robot parts, hinting that Optimus V3 design is all but finalized
-
News3 days agoTesla Autopilot visualization gets big upgrade with tons of new additions
-
News22 hours agoTesla makes big move with its Insurance program
-
News14 hours agoTesla launches ‘Mad Max’ Full Self-Driving Speed Profile, its fastest yet
-
News15 hours agoTesla just teased something crazy with the next Full Self-Driving update
-
Investor's Corner8 hours agoTesla’s comfort level taking risks makes the stock a ‘must own,’ firm says