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Tesla Cybertruck Foundation Series owners report receiving $2500 vouchers

Credit: Tesla Europe and Middle East/X

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Tesla Cybertruck Foundation Series owners have reported that they received a letter from the electric vehicle maker informing them that they would be receiving a $2,500 voucher to purchase Powershare Home Backup Equipment. Cybertruck owners who wish not to acquire Powershare Home Backup Equipment could also use the voucher to buy items at the Tesla Shop. 

Initial reports about the vouchers were shared by members of the Cybertruck Owners Club forum, some of whom noted that even those who received their all-electric pickup trucks just recently seemed to have received the same communication from Tesla. Some Cybertruck owners, however, shared some concerns about the voucher’s terms and conditions. 

As per Tesla’s letter to the Cybertruck owners, Powershare Home Backup installations would only be possible for owners who have a Tesla Certified Installer in their area. Their Cybertruck must also be parked in their property within 20 feet of their garage of main electrical service panel. These two requirements alone will likely disqualify some Cybertruck owners who wish to acquire Tesla’s Powershare Home Backup system. 

Other Tesla Cybertruck owners noted that while the $2,500 voucher is well appreciated, those who wish to use it for items at the Tesla Shop will probably have a fairly challenging time. As per Tesla’s letter, Cybertruck owners could only use the $2,500 voucher for one transaction, and any unused balance would be forfeited. This is quite tricky since some of the good items from the Tesla Shop tend to be out of stock most of the time. 

Tesla’s letter to Cybertruck owners can be viewed below. 

We are updating the installation process for your Powershare Home Backup equipment to provide you with a more streamlined experience.

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After you take delivery of your Foundation Series Cybertruck (or within the next few weeks if you have already taken delivery), you will receive a $2,500 voucher that can be used in the Tesla Shop to purchase Powershare Home Backup Equipment.

Alternatively, you can use this voucher in a single transaction to purchase other items in the Tesla Shop up to the value of the voucher.

To begin your Powershare Home Backup installation process, you must meet the eligibility requirements, including:

  • Take delivery of a Foundation Series Cybertruck
  • Own a single-family home or townhome compatible with Powershare Home Backup in the United States (excluding Puerto Rico)
  • Park on your property within 20 feet of your garage or main electrical service panel
  • Have a main electrical service panel rating less than 225A
  • Have a Tesla Certified Installer in your area
  • Agree to the quote for installation provided by the Tesla Certified Installer

Instructions for requesting a quote from a Tesla Certified Installer will be included with your Tesla Shop voucher. If you have already been paired with a Tesla Certified Installer, you can use your Tesla Shop voucher to purchase your Powershare Home Backup equipment and continue to work with your installer.

For more information, visit the Powershare Support page.

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

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Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla expands its branded ‘For Business’ Superchargers

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Credit: Francis Energy

Tesla has expanded its branded ‘For Business’ Supercharger program that it launched last year, as yet another company is using the platform to attract EV owners to its business and utilize a unique advertising opportunity.

Francis Energy of Oklahoma is launching four Superchargers in Norman, where the University of Oklahoma is located. The Superchargers, which are fitted with branding for Francis Energy, will officially open tomorrow.

It will not be the final Supercharger location that Francis Energy plans to open, the company confirmed to EVWire.

Back in early September, Tesla launched the new “Supercharger for Business” program in an effort to give businesses the ability to offer EV charging at custom rates. It would give their businesses visibility and would also cater to employees or customers.

“Purchase and install Superchargers at your business,” Tesla wrote on a page on its website for the new program. “Superchargers are compatible with all electric vehicles, bringing EV drivers to your business by offering convenient, reliable charging.”

The first site opened in Land O’ Lakes, Florida, which is Northeast of Tampa, as a company called Suncoast launched the Superchargers for local EV owners.

Tesla launches its new branded Supercharger for Business with first active station

The program also does a great job at expanding infrastructure for EV owners, which is something that needs to be done to encourage more people to purchase Teslas and other electric cars.

Francis Energy operates at least 14 EV charging locations in Oklahoma, spanning from Durant to Oklahoma City and nearly everywhere in between. Filings from the company, listed by Supercharge.info, show the company’s plans to convert some of them to Tesla Superchargers, potentially utilizing the new Supercharger for Business program to advertise.

Moving forward, more companies will likely utilize Tesla’s Supercharger for Business program as it presents major advantages in a variety of ways, especially with advertising and creating a place for EV drivers to gain range in their cars.

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Tesla Cybercab ‘breakdown’ image likely is not what it seems

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Credit: TslaChan | X

Tesla Cybercab is perhaps the most highly-anticipated project that the company plans to roll out this year, and as it is undergoing its testing phase in pre-production currently, there are some things to work through with it.

Over the weekend, an image of the Cybercab being loaded onto a tow truck started circulating on the internet, and people began to speculate as to what the issue could be.

The Cybercab can clearly be seen with a Police Officer and perhaps the tow truck driver by its side, being loaded onto, or even potentially unloaded from, the truck.

However, it seems unlikely it was being offloaded, as its operation would get it to this point for testing to begin with.

It appears, at first glance, that it needs assistance getting back to wherever it came from; likely Gigafactory Texas or potentially a Bay Area facility.

The Cybercab was also spotted in Buffalo, New York, last week, potentially undergoing cold-weather testing, but it doesn’t appear that’s where this incident took place.

It is important to remember that the Cybercab is currently undergoing some rigorous testing scenarios, which include range tests and routine public road operation. These things help Tesla assess any potential issue the vehicle could run into after it starts routine production and heads to customers, or for the Robotaxi platform operation.

This is not a one-off issue, either. Tesla had some instances with the Semi where it was seen broken down on the side of a highway three years ago. The all-electric Semi has gone on to be successful in its early pilot program, as companies like Frito-Lay and PepsiCo. have had very positive remarks.

Tesla reveals its first Semi customer after launch

The Cybercab’s future is bright, and it is important to note that no vehicle model has ever gone its full life without a breakdown. It happens, it’s a car.

Nevertheless, it is important to note that there has been no official word on what happened with this particular Cybercab unit, but it is crucial to remember that this is the pre-production testing phase, and these things are more constructive than anything.

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Investor's Corner

Tesla analyst teases self-driving dominance in new note: ‘It’s not even close’

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Credit: Tesla

Tesla analyst Andrew Percoco of Morgan Stanley teased the company’s dominance in its self-driving initiative, stating that its lead over competitors is “not even close.”

Percoco recently overtook coverage of Tesla stock from Adam Jonas, who had covered the company at Morgan Stanley for years. Percoco is handling Tesla now that Jonas is covering embodied AI stocks and no longer automotive.

His first move after grabbing coverage was to adjust the price target from $410 to $425, as well as the rating from ‘Overweight’ to ‘Equal Weight.’

Percoco’s new note regarding Tesla highlights the company’s extensive lead in self-driving and autonomy projects, something that it has plenty of competition in, but has established its prowess over the past few years.

He writes:

“It’s not even close. Tesla continues to lead in autonomous driving, even as Nvidia rolls out new technology aimed at helping other automakers build driverless systems.”

Percoco’s main point regarding Tesla’s advantage is the company’s ability to collect large amounts of training data through its massive fleet, as millions of cars are driving throughout the world and gathering millions of miles of vehicle behavior on the road.

This is the main point that Percoco makes regarding Tesla’s lead in the entire autonomy sector: data is King, and Tesla has the most of it.

One big story that has hit the news over the past week is that of NVIDIA and its own self-driving suite, called Alpamayo. NVIDIA launched this open-source AI program last week, but it differs from Tesla’s in a significant fashion, especially from a hardware perspective, as it plans to use a combination of LiDAR, Radar, and Vision (Cameras) to operate.

Percoco said that NVIDIA’s announcement does not impact Morgan Stanley’s long-term opinions on Tesla and its strength or prowess in self-driving.

NVIDIA CEO Jensen Huang commends Tesla’s Elon Musk for early belief

And, for what it’s worth, NVIDIA CEO Jensen Huang even said some remarkable things about Tesla following the launch of Alpamayo:

“I think the Tesla stack is the most advanced autonomous vehicle stack in the world. I’m fairly certain they were already using end-to-end AI. Whether their AI did reasoning or not is somewhat secondary to that first part.”

Percoco reiterated both the $425 price target and the ‘Equal Weight’ rating on Tesla shares.

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