Connect with us

News

Tesla Cybertruck Hot Wheels models enter ‘production hell’ with delivery delays

Credit: Mattel Creations

Published

on

While construction on Tesla’s Cybertruck factory, Giga Texas, seems to be moving on schedule, Hot Wheels appears to be experiencing some form of “production hell” of its own with the 1:10 and 1:64 scale versions of the all-electric pickup truck. Recent emails to preorder holders of the Tesla Cybertruck Hot Wheels edition revealed that their orders would be delayed to May 2021

Both the 1:10 and 1:64 Hot Wheels Cybertruck models are sold out and were initially listed with an expected ship date of December 2020. The five-month delay may remind early Model 3 owners of Tesla’s production hell in 2018. At the time, Tesla Model 3 reservation holders also had to exercise some patience as the company struggled to ramp the mass production of its all-electric sedan. 

Redditor u/melancholicricebowl, who is also a Model 3 owner, shared an email about his limited edition 1:10 scale Hot Wheels R/C Cybertruck reservation. It stated that his order would be delayed and asked him to re-confirm the order. A similar email for the same Reddit user’s 1:64 scale Hot Wheels R/C Cybertruck order was sent later.

Official confirmation that Hot Wheels 1:10 Cybertruck has been delayed to May 2021 from r/teslamotors

The email concerning the Redditor’s 1:10 Hot Wheels Cybertruck stated there were production issues with the hobby grade-radio-controlled Cybertruck due to the COVID-19 pandemic. Mattel Creations also decided to change the product’s battery specifications. 

“Battery spec update: Due to production challenges related to COVID-19, we wanted to share a change in the Cybertruck’s battery specifications. The new battery is a 9.6v @ 3Ah LiFePO4 model, with one hour of charge time and 30 minutes of run time. Don’t worry, this change shouldn’t affect its overall performance – it just means that it can reach up to 250mph scale speed!” the email stated.

Advertisement

The battery update may be a bold move for Mattel Creations, but one that might be appreciated by Tesla fans. Hot Wheels’ mini Cybertruck iteration will be equipped with a Lithium Iron Phosphate battery, similar to the China-Made Model 3 Standard Range Plus produced in Shanghai.

(Credit: Mattel Creations)

It seems like Mattel Creations will be giving Hot Wheels Cybertruck preorder holders an authentic Tesla experience, matching the EV company’s constant desire to improve the performance of their vehicles. 

The email about the 1:10 scale Hot Wheels Cybertruck also included a link to its carrying case. The Reddit user who shared the information commented on the delay, stating: “A bit disappointing that we didn’t get an update until now.”

To re-confirm a Hot Wheels Cybertruck order with Mattel, Redditor u/duckduckohno advises reservation holders to include their order number, order details, ship date, name, addressed, and confirmation number in their response.

Advertisement

Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

Advertisement
Comments

News

Tesla ends Full Self-Driving purchase option in the U.S.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

Published

on

Credit: Tesla

Tesla has officially ended the option to purchase the Full Self-Driving suite outright, a move that was announced for the United States market in January by CEO Elon Musk.

The driver assistance suite is now exclusively available in the U.S. as a subscription, which is currently priced at $99 per month.

Tesla moved away from the outright purchase option in an effort to move more people to the subscription program, but there are concerns over its current price and the potential for it to rise.

In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.

Although Tesla moved back the deadline in other countries, it has now taken effect in the U.S. on Sunday morning. Tesla updated its website to reflect this:

There are still some concerns regarding its price, as $99 per month is not where many consumers are hoping to see the subscription price stay.

Musk has said that as capabilities improve, the price will go up, but it seems unlikely that 10 million drivers will want to pay an extra $100 every month for the capability, even if it is extremely useful.

Instead, many owners and fans of the company are calling for Tesla to offer a different type of pricing platform. This includes a tiered-system that would let owners pick and choose the features they would want for varying prices, or even a daily, weekly, monthly, and annual pricing option, which would incentivize longer-term purchasing.

Although Musk and other Tesla are aware of FSD’s capabilities and state is is worth much more than its current price, there could be some merit in the idea of offering a price for Supervised FSD and another price for Unsupervised FSD when it becomes available.

Continue Reading

Elon Musk

Musk bankers looking to trim xAI debt after SpaceX merger: report

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.

Published

on

Credit: SpaceX

Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.

xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.

The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.

SpaceX IPO is coming, CEO Elon Musk confirms

The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.

Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”

That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.

X merged with xAI last March, which brought the valuation to $45 billion, including the debt.

SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:

“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”

The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.

Continue Reading

News

Tesla pushes Full Self-Driving outright purchasing option back in one market

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

Published

on

Credit: Tesla

Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.

The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.

Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.

If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.

The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.

Tesla hits major milestone with Full Self-Driving subscriptions

However, Tesla just launched it just last year in Australia.

Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.

The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.

In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.

The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.

Continue Reading