News
Tesla’s appeal to the next generation of car buyers highlighted in community video
There is no question that Tesla has a significant appeal to all generations, but the younger crowd certainly has a certain interest that is unmatched compared to other age groups.
In China, the next generation of car buyers are getting a chance to share their thoughts about Tesla’s electric cars in a company-produced video from the 2020 Beijing International Automotive Exhibition.
The ten-day-long event allows spectators to view a variety of cars from a wide array of auto manufacturers. This year, Tesla seemed to hold a significant advantage in terms of appeal, with many of the attendees flocking toward the all-electric car company’s exhibit, which featured appearances from the Model S, Model 3, and Model X.
The video, which was posted initially by @TeslaCN, the company’s official account for the Chinese market, shows several young children talking about their favorite characteristics of Tesla vehicles.
Your love is what keeps us going🧡 pic.twitter.com/OXDRaVU8tG
— Tesla Asia (@Tesla_Asia) October 5, 2020
From colors to features, Teslas are arguably the most kid-friendly vehicles on Earth. While children still are not permitted to drive the all-electric cars, there are plenty of entertainment options within the vehicles that will keep kids occupied during their venture.
On-screen games, streaming services like Netflix and Hulu, and other interesting features separate Teslas from other cars. However, these features serve to keep drivers occupied during downtime and children during long drives and charging sessions.
Interestingly, the kids in the video are likely between 8-12 years old and have several years until they will be driving a Tesla electric vehicle. But in China, the demand for the company’s cars has been an overwhelming success and has been a testament to not only Tesla’s adoption of sustainable transportation, but also citizen support in foreign countries.
Coming off of a strong August where the Model 3 was the most popular EV in China with over 11,800 units sold, according to the EV Sales Blog, there is no shortage of demand in the country. However, some bearish analysts see China as a “weak point” for Tesla, which is interesting considering the overwhelming growth that the company has shown since entering the market with domestically-produced cars at the beginning of 2020.
Morgan Stanley’s Adam Jonas indicated earlier in October that Tesla would sell 0 units in China by 2030.
Tesla to sell zero cars in China by 2030, Morgan Stanley’s Jonas says
“We have China sales peaking [in the] middle of the decade and then going down…and then eventually nothing after 2030,” Jonas said to On the Move, a Yahoo Finance show, last week. Jonas’ basis comes from the AI network and how the Chinese government would more than likely not accept Tesla’s American-developed software for operation because of the U.S.-China trade relationship.
However, Tesla has plenty of demand in China. With the country’s younger generations showing plenty of support for the electric automaker, the 2030 diminishment of sales is likely a far-fetched idea.
Elon Musk
Brazil Supreme Court orders Elon Musk and X investigation closed
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
Brazil’s Supreme Federal Court has ordered the closure of an investigation involving Elon Musk and social media platform X. The inquiry had been pending for about two years and examined whether the platform was used to coordinate attacks against members of the judiciary.
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
According to a report from Agencia Brasil, the investigation conducted by the Federal Police did not find evidence that X deliberately attempted to attack the judiciary or circumvent court orders.
Prosecutor-General Paulo Gonet concluded that the irregularities identified during the probe did not indicate fraudulent intent.
Justice Moraes accepted the prosecutor’s recommendation and ruled that the investigation should be closed. Under the ruling, the case will remain closed unless new evidence emerges.
The inquiry stemmed from concerns that content on X may have enabled online attacks against Supreme Court justices or violated rulings requiring the suspension of certain accounts under investigation.
Justice Moraes had previously taken several enforcement actions related to the platform during the broader dispute involving social media regulation in Brazil.
These included ordering a nationwide block of the platform, freezing Starlink accounts, and imposing fines on X totaling about $5.2 million. Authorities also froze financial assets linked to X and SpaceX through Starlink to collect unpaid penalties and seized roughly $3.3 million from the companies’ accounts.
Moraes also imposed daily fines of up to R$5 million, about $920,000, for alleged evasion of the X ban and established penalties of R$50,000 per day for VPN users who attempted to bypass the restriction.
Brazil remains an important market for X, with roughly 17 million users, making it one of the platform’s larger user bases globally.
The country is also a major market for Starlink, SpaceX’s satellite internet service, which has surpassed one million subscribers in Brazil.
Elon Musk
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Carr made the remarks in a post on social media platform X.
U.S. Federal Communications Commission (FCC) Chairman Brendan Carr criticized Amazon after the company opposed SpaceX’s proposal to launch a large satellite constellation that could function as an orbital data center network.
Carr made the remarks in a post on social media platform X.
Amazon recently urged the FCC to reject SpaceX’s application to deploy a constellation of up to 1 million low Earth orbit satellites that could serve as artificial intelligence data centers in space.
The company described the proposal as a “lofty ambition rather than a real plan,” arguing that SpaceX had not provided sufficient details about how the system would operate.
Carr responded by pointing to Amazon’s own satellite deployment progress.
“Amazon should focus on the fact that it will fall roughly 1,000 satellites short of meeting its upcoming deployment milestone, rather than spending their time and resources filing petitions against companies that are putting thousands of satellites in orbit,” Carr wrote on X.
Amazon has declined to comment on the statement.
Amazon has been working to deploy its Project Kuiper satellite network, which is intended to compete with SpaceX’s Starlink service. The company has invested more than $10 billion in the program and has launched more than 200 satellites since April of last year.
Amazon has also asked the FCC for a 24-month extension, until July 2028, to meet a requirement to deploy roughly 1,600 satellites by July 2026, as noted in a CNBC report.
SpaceX’s Starlink network currently has nearly 10,000 satellites in orbit and serves roughly 10 million customers. The FCC has also authorized SpaceX to deploy 7,500 additional satellites as the company continues expanding its global satellite internet network.
Energy
Tesla Energy gains UK license to sell electricity to homes and businesses
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
Tesla Energy has received a license to supply electricity in the United Kingdom, opening the door for the company to serve homes and businesses in the country.
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
According to Ofgem, the license took effect at 6 p.m. local time on Wednesday and applies to Great Britain.
The approval allows Tesla’s energy business to sell electricity directly to customers in the region, as noted in a Bloomberg News report.
Tesla has already expanded similar services in the United States. In Texas, the company offers electricity plans that allow Tesla owners to charge their vehicles at a lower cost while also feeding excess electricity back into the grid.
Tesla already has a sizable presence in the UK market. According to price comparison website U-switch, there are more than 250,000 Tesla electric vehicles in the country and thousands of Tesla home energy storage systems.
Ofgem also noted that Tesla Motors Ltd., a separate entity incorporated in England and Wales, received an electricity generation license in June 2020.
The new UK license arrives as Tesla continues expanding its global energy business.
Last year, Tesla Energy retained the top position in the global battery energy storage system (BESS) integrator market for the second consecutive year. According to Wood Mackenzie’s latest rankings, Tesla held about 15% of global market share in 2024.
The company also maintained a dominant position in North America, where it captured roughly 39% market share in the region.
At the same time, competition in the energy storage sector is increasing. Chinese companies such as Sungrow have been expanding their presence globally, particularly in Europe.