News
Tesla sponsors bilingual ‘Future of Energy’ exhibit at Terry Lee Wells Children’s Discovery Museum
Tesla sponsored a bilingual energy exhibit, Future of Energy, at the Terry Lee Wells Nevada Discovery Museum (The Discovery). The exhibit featured questions and answers from Tesla employees working at Gigafactory Nevada and focused on a future with clean energy and sustainability.
Al Shen, president of the Tesla Owners Club of East Bay, took his young daughters to the museum over the holidays and was pleasantly surprised when he found the Tesla exhibit.
“The whole exhibit features Tesla Giga Nevada employees,” Al told Teslarati. The exhibit focused on educating families with children about Tesla, energy, and sustainability in both English and Spanish.
The Discovery is a hands-on science museum located in downtown Reno, Nevada, which is just west of Tesla’s Gigafactroy in nearby Sparks. The museum focuses on informal science, technology, engineering, art and math (STEAM) learning and provides hands-on galleries and exhibitions as well as educational programs for families with children.
The subtle impacts made here in the Reno area can’t be overlooked. Came by the Terry Lee Wells Children’s Discovery Museum in Reno. The Energy exhibit sponsored by? @Tesla 🔥 @elonmusk pic.twitter.com/w8ZTVIvDLY
— Tesla East Bay Fremont (@TeslaOwnersEBay) December 30, 2022
Two Tesla employees, Adam Kirby and Melissa Flanagan were featured in the display.
“We’re going to get to a fossil fuel-free future sooner than people think. We just need to get people excited to do the work it takes–do some of the unexpected things that make people want to participate!” Kirby’s answer to a question about the future read.
“I can envision wide-scale urban power generation with solar on every roof and wind turbines on tall buildings, as well as rural, large, power farms,” Flanagan said in response to the same question.
Tom Primeau, an operations manager for the Model 3 and Y battery and energy products, answered a different question: how can we assure a sustainable future?
“The impacts of climate change are becoming real, you can see evidence of it with the wildfire smoke in the sky each summer in Reno, but there is something we can do. There is so much potential with solar energy and battery storage to help make energy sustainable and reduce carbon emissions. Anyone can be a part of it, right here in Nevada.”
“According to this exhibit: the state of Nevada plans to be 100% renewable by 2050,” Al told Teslarati.
“The: 2020: 25% renewables, 70% gas, 5% fossil fuels. The 2030s: 40% gas, 50% renewable, and in 2050: 100% renewables. The bubble exhibit showed us the Nevada energy plan.
“My daughter did the virtual girl engineering day last year. That and the exhibit at the museum show two of the cool ways Tesla is impacting young minds here in the Giga Nevada area,” he added.
“It was amazing to stumble upon a ‘Future of Energy’ exhibit here at the museum presented with support from Tesla. My kids didn’t want to do anything else but play with the pretend energy grid. And to overhear both kids and adults talk about the coming energy future and how it will change life for the kids in this room who will only see this as the norm is inspiring.”
Al shared several photos of the Tesla exhibit, and you can view those in the gallery below.
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Disclosure: Johnna is a $TSLA shareholder and believes in Tesla’s mission.
Your feedback is welcome. If you have any comments or concerns or see a typo, you can email me at johnna@teslarati.com. You can also reach me on Twitter at @JohnnaCrider1.
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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.