News
Tesla China shares incredible video of a journey to Mount Everest in 2 Teslas
Tesla China shared a video of a journey to Mount Qomolangma (Mount Everest) in made-in-China Tesla vehicles. Mount Everest is the tallest mountain on Earth.
Trensen Chongqing, China Bridge Designer Travel Vlogger was able to successfully undertake this incredible journey even when his friends and family told him that it was impossible.
The Qomolangma National Nature Reserve is located in Tibet, China and covers both the Chinese/Tibetan side of Mount Everest. Known to many as Mount Everest, it’s known to the Chinese as Qomolangma which means “Mother Goddess of the Earth” in the Tibetan language.
https://www.youtube.com/watch?v=Z_XO3chFvl0&t=4s
Getting To Mount Everest In An Electric Vehicle
“We just want to show only electric cars can get here.”
In the video titled, To Mount Qomolangma by Tesla, Trensen Chongqing, shared his adventure in a short video. The Tesla 318 Supercharging Route had recently been completed which thrilled him. He and his team set off on their adventure as soon as possible.
“But everyone thought I was losing my mind.”
Many naysayers told Chongqing that there was no way he could charge his car up there. It was too far. If it’s impossible for an internal combustible engine car, then surely it would be impossible for an EV. Someone even told him that there was no way he would make it and that they would buy him a month’s worth of hotpot if he made it.
Chongqing Accepted The Challenge.
“I love challenges.”
The journey itself is the most important part of the trip. It’s not about the destination at the end, but the experience along the way. The hardships, the people, and the learning opportunities. Chongqing noted that the whole point of a road trip is driving.
“There will be all kinds of unexpected issues. When they come, you have to figure out how to solve them.”
Landslides in the Jinsha River, traffic jams, and having to sleep in the car were all some of the challenges Chongqing and his team faced. Fortunately, Tesla has Camp Mode and they were able to do so safely.
The Plateau Is Harder On ICE Cars Than EV
Chongqing pointed out that the plateau is harder on ICE cars than EVs.
“On the plateaus, fuel cars may suffer from insufficient combustion but electric cars won’t. Once you put a foot down, wow. Feels like the whole world is yours.”
“Everything is fresh and unknown. These experiences will become your precious asset.”
Mount Everest Base Camp
This is not only an epic journey of adventurers but one that will be added to countless others that help debunk the common myth that you can’t go anywhere in an EV.
“Finally with two Teslas, we arrived at Mount Qomolangma Base Camp. Electric cars can do long road trips and even go further where ICE cars can not reach. Such as here, right beneath Mount Qomolangma.”
The video is inspiring and motivating. It makes one feel that nothing is really impossible–no matter how many people tell you that you will fail.
Investor's Corner
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.