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Tesla listed as carmaker with highest proportion of speeding drivers in NL

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Driving a premium, all-electric car is a lot of fun. The instant torque, the quick acceleration, and the spaceship-like silence as one steps on the accelerator is something that simply could not be replicated in a car equipped with an internal combustion engine. While fun, though, these factors could also result in drivers not being aware that they are already driving past the speed limit.

In the Netherlands, this appears to be the case. According to new figures from CBS, NL’s national statistics office, 75% of the country’s 9,000 Tesla drivers have picked up a speeding ticket last year. That’s the highest proportion of speeding drivers from any car brand. Just below Tesla drivers are owners of plug-in hybrid cars, with 2/3 of PHEV owners being fined at least once for speeding.

In contrast, only 27% of petrol-powered car owners, and 46% of diesel car drivers have been given speeding tickets during the year. The CBS did not provide an explanation for the figures, though the agency did note that the different driving experience between electric cars and fossil fuel-powered vehicles are probably a factor.

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With fossil fuel-powered vehicles, for example, it is quite easy to get a feel for the car’s speed by listening to the way the engine is operating. These sounds are entirely absent in electric vehicles; thus, it becomes easy for motorists to be utterly unaware that they are already moving too fast.

EV or not, though, it should be noted that driving too fast carries a lot of risks, especially in areas where there are a lot of vehicles present. As such, it is always the responsibility of drivers to make sure that they are driving within the speed limit. That said, it is a bit ironic to see Tesla owners as some of the most prominent groups of drivers who are prone to getting speeding tickets.

Part of this is due to the capability of the cars themselves. Electric vehicles, after all, are no longer slow and unwieldy. With the advent of the Tesla Roadster more than ten years ago to the emergence of the disruptive Model 3, electric cars are beginning to become vehicles that are superior to gas-powered automobiles in terms of power and and raw acceleration. The consistent performance of Tesla’s electric cars on the drag strip is a prime example of this.

If any, some countries are now starting to roll out regulations that favor electric cars. Last October, for one, the Austrian ministerial cabinet announced that it will be adjusting the speed restrictions for EVs traveling in Austria’s IG-L-Hundred zone, which covers a total area of 440 kilometers (273 miles). With the new rules in effect, owners of Teslas and other electric vehicles will be allowed to travel up to 130 km/h (80 mph) on the highway, 30 km/h (20 mph) faster than their fossil fuel-powered counterparts.

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The Austrian government did not list the specifics of its initiative then, though statements from Minister of Sustainability Elisabeth Köstinger seemed to suggest that the top speed adjustments will only be given to all-electric vehicles like Tesla’s Model S and X, not hybrids like the BMW i8. 

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 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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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