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Tesla demand in China booms following price cuts

Credit: Tesla Asia/Twitter

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A survey conducted by Dan Ives has found a spike in interest in Tesla vehicles in China following the recent price cuts.

The Tesla price cuts were not taken well in China, with hundreds of previous buyers storming Tesla showrooms, demanding the automaker make amends for the abrupt price change. Nonetheless, according to a survey by Dan Ives of the Wedbush Securities investing firm, interest in the brand has spiked in China despite the outrage.

According to the survey conducted by Mr. Ives, initially reported by Barrons, “Our survey found that 76% of EV Chinese consumers are considering buying a Tesla in 2023, with the nearest domestic competitors BYD in second place followed by NIO in third place.” This data coming only days after the China Merchants Bank International announced that Tesla sales had skyrocketed according to its payment data. Furthermore, this renewed interest in the Tesla brand is backed up by the ordering times listed on the Tesla China website.

Order times for the base model Tesla Model 3 and Model Y extend roughly a month, while the long-range trims for both vehicles have been pushed out even further. And while Performance variants of both models have remained fairly unaffected by the new demand, if the recent trend is anything to go by, this lull may not last very long.

The surge in demand has even extended outside of China as well. Late last week, it was found that order times for the Tesla Model 3 and Model Y in Germany have been pushed out by a similar amount as their Chinese counterparts. While even here in the United States, wait times for most Model 3 trims extend into next month, while Model Y customers have reported wait times as long as multiple months.

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Following this recent surge in demand, investors have responded in turn, ending the week with a rare positive movement for the Tesla stock, up nearly 5% on Friday and up almost 15% over the week. It’s no wonder many now believe this is the beginning of a larger rebound for the automaker. Though it should be noted that with the consumer price index’s recent gradual decline, many stocks, including those in the automotive industry, also saw their stocks recover towards the end of this week.

But outside of Tesla and its customers, perhaps the most significant change that has occurred following the American automaker’s move is the reaction of other brands. In the second half of last year, many automakers followed the steps of Tesla by raising prices for the new electric models. Most infamously, the bastion of affordable electric trucks, the Ford F150 Lightning, saw its Pro trim balloon above $50,000 for the first time. However, many automakers have now been forced to follow Tesla, cutting prices to remain competitive.

The most aggressive price cuts by other brands following Tesla have been seen in China, where Tesla implemented its price cut first. Still, many analysts anticipate that these price cuts will come to Western markets in the coming month(s) as the increasingly competitive EV market pushes prices lower for the first time in a long time.

William owns Tesla stock but is not invested in any Wedbush products, nor are his funds managed by the firm.

What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!

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Will is an auto enthusiast, a gear head, and an EV enthusiast above all. From racing, to industry data, to the most advanced EV tech on earth, he now covers it at Teslarati.

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Tesla lands regulatory green light for Robotaxi testing in new state

This will be the third state in total where Tesla is operating Robotaxi, following Austin and California.

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Credit: Tesla

Tesla has landed a regulatory green light to test its Robotaxi platform in a new state, less than three months after the ride-hailing service launched in Texas.

Tesla first launched its driverless Robotaxi suite in Austin, Texas, back on June 22. Initially offering rides to a small group of people, Tesla kept things limited, but this was not to be the mentality for very long.

It continued to expand the rider population, the service area, and the vehicle fleet in Austin.

The company also launched rides in the Bay Area, but it does use a person in the driver’s seat to maintain safety. In Austin, the “Safety Monitor” is present in the passenger’s seat during local rides, and in the driver’s seat for routes that involve highway driving.

Tesla is currently testing the Robotaxi platform in other states. We reported that it was testing in Tempe, Arizona, as validation vehicles are traveling around the city in preparation for Robotaxi.

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Tesla looks to make a big splash with Robotaxi in a new market

Tesla is also hoping to launch in Florida and New York, as job postings have shown the company’s intention to operate there.

However, it appears it will launch in Nevada before those states, as the company submitted its application to obtain a Testing Registry certification on September 3. It was processed by the state’s Department of Motor Vehicles Office of Business Licensing on September 10.

It will then need to self-certify for operations, essentially meaning they will need to comply with various state requirements.

This will be the third state in total where Tesla is operating Robotaxi, following Austin and California.

CEO Elon Musk has stated that he believes Robotaxi will be available to at least half of the U.S. population by the end of the year. Geographically, Tesla will need to make incredible strides over the final four months of the year to achieve this.

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Tesla is improving this critical feature in older vehicles

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Credit: Tesla

Tesla is set to improve a critical feature that has not been present in older vehicles with a new update.

Tesla vehicles feature a comprehensive suite of driver assistance features, some of which aid in driving itself, while others support the vehicle’s surroundings.

One of those features is that of Driver Visualization, and with the rollout of a new update, owners of Intel-based Tesla vehicles are receiving an upgrade that will come with a simple software update.

Tesla plans to use Unreal Engine for driver visualization with crazy upgrade

The update will provide new visualizations while Intel-based vehicles are in reverse, a feature that was not previously available, but will be with Software Update 2025.32.2.

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The improvement was spotted by Not a Tesla App via TheBeatYT_evil:

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Previously, vehicles Tesla built were equipped with Intel-based processors, but newer cars feature the AMD chip, which is capable of rendering these visualizations as they happen. They were capable of visualizations when driving forward, but not in reverse, which is what this change resolves.

It is a good sign for those with Intel-based vehicles, as Tesla seems to be paying attention to what those cars are not capable of and improving them.

This was an undocumented improvement associated with this particular update, so you will not find any mention of it in the release notes that Tesla distributes with each update.

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Tesla looks to make a big splash with Robotaxi in a new market

Tesla has been transparent that it is prioritizing safety, but it believes it can expand to basically any geographical location within the United States and find success with its Robotaxi suite. CEO Elon Musk said it could be available to half of the U.S. population by the end of the year.

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Credit: Joe Tegtmeyer | X

Tesla is looking to make a big splash with Robotaxi in a new market, as the company was spotted testing validation vehicles in one region where it has not yet launched its ride-hailing service.

After launching Robotaxi in Austin in late June, Tesla followed up with a relatively quick expansion to the Bay Area of California. Both service areas are operating with a geofence that is expansive: In Texas, it is 173 square miles, while in the Bay Area, it is roughly 400 square miles.

Tesla has been transparent that it is prioritizing safety, but it believes it can expand to basically any geographical location within the United States and find success with its Robotaxi suite. CEO Elon Musk said it could be available to half of the U.S. population by the end of the year.

There have been plenty of reports out there that have speculated as to where Tesla would land next to test Robotaxi, and Nevada, Florida, Arizona, and New York have all been in the realm of possibility. These regions will need to approve Tesla for regulatory purposes before Robotaxi can officially operate.

Tesla is still testing and performing validation in several regions, and in Tempe, Arizona, things are moving forward as a Model Y with a LiDAR rig was spotted performing ground truth for the platform:

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With the LiDAR unit, many followers of the self-driving and autonomy space might wonder why Tesla uses these apparatuses during validation, especially considering the company’s stance and vision-based approach.

LiDAR is used for “ground truth,” which is basically a solidification or confirmation of what the cameras on the car are seeing. It is a great way to essentially confirm the accuracy of the vision-based suite, and will not be used on Robotaxi units used within the ride-hailing suite.

The Robotaxi platform was made available to the public earlier this month, as Tesla launched its app for iOS users.

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Tesla Robotaxi app download rate demolishes Uber, Waymo all-time highs

Downloading the app allows you to join a waitlist, giving you the opportunity to utilize and test the Robotaxi platform in either Austin or the Bay Area.

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