News
Tesla and local EV makers are leaving veteran auto in China’s electric car segment
For some legacy automakers, China’s electric car segment is becoming a white whale of sorts amid rising competition from younger, faster, and more aggressive rivals. This is partly the reason why Tesla and local EV makers such as BYD are finding success in China’s electric car segment, even as veteran automakers like BMW and Volkswagen see challenges in their efforts to saturate the domestic EV market.
Data compiled by the China Passenger Car Association (PCA) has revealed that local automakers accounted for nearly 80% of the country’s new-energy vehicle (NEV) sales through the first seven months of the year. While BYD, which also sells fossil fuel-powered hybrids in its lineup, is the runaway leader by raw volume, companies like Tesla and domestic-grown pure EV makers like NIO and Xpeng Motors are gaining momentum.
As noted in a Bloomberg News report, even companies such as Xpeng Motors and Hozon New Energy Automobile Co. — two automakers that are generally unknown outside China — are now outselling veteran automaker Volkswagen’s two joint ventures. American automaker General Motors is enjoying some success thanks to the $4,700 Hongguang Mini EV microcar, but China considers the vehicle a domestic product since GM’s stake in the brand is less than 50%.
Tesla has pretty much become the only foreign automaker that is competing extremely well in China, but this is likely due in part to the support being given to the company by authorities. Tesla is the only foreign carmaker allowed to operate a factory in China without a local partner, and since then, Giga Shanghai has become a point of pride of sorts for the country’s auto manufacturing sector. The fact that Giga Shanghai is now Tesla’s highest output facility is just icing on the cake.
PCA Secretary General Cui Dongshu noted that locally-made EVs typically have price as an advantage. This is certainly true for microcars like the Hongguang Mini EV, but even premium-priced EVs from companies that target the higher end of the market, such as NIO, simply offer far more than comparably-priced offerings from veteran carmakers.
Shanghai-based consultancy Autoforesight Co managing director Yale Zhang noted that legacy automakers are simply lacking in China. Compared to tech-laden vehicles from companies like Tesla or Xpeng or NIO, NEVs from legacy automakers typically lack range, feature outdated designs, lack smart technologies, and are overpriced to boot. In a way, it appears that veteran auto’s pedigree is starting to not matter very much, in China at least.
“Legacy automakers have barely any competitiveness in their electrified products. They are heavily relying on the path of gasoline cars. But a new toy like electric cars does not necessarily need a storied history,” Zhang said. “There’s not much loyalty in the Chinese consumer group. As long as they find affordable and reliable new-energy vehicles, it is easy for them to shift from Volkswagen, Nissan, or Toyota.”
The end of 2022’s third quarter is approaching, and with that, another month of NEV sales will be released from China. With Gigafactory Shanghai focusing its efforts on the domestic market, Tesla has a solid shot at posting impressive numbers this coming September. These potential results would all but emphasize the emerging trend in China’s electric car segment — if a serious effort is made to produce compelling EVs, consumers will know, and sales will follow.
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Elon Musk
Tesla CEO Elon Musk’s $1T pay package gets candid synopsis from Jim Cramer
Tesla’s $1 trillion pay package, which it proposed to Shareholders to vote on November 6 for its CEO Elon Musk has drawn a lot of attention lately.
Among those vocalizing their thoughts and feelings about the incentive program are proxy firms, investment analysts, and retail shareholders.
However, one analyst that always seems to draw some attention, especially when it comes to things related to Tesla and Musk, is Mad Money host Jim Cramer, who routinely puts his opinions out into the public realm when it comes to the company and its CEO.
Last week, Cramer gave a short breakdown of what he thinks the company and its shareholders should do on the social media platform X. He’s gone deeper into the pay package conversation with a candid synopsis of where he stands with it.
Cramer is no slouch when it comes to breaking down companies and what their strengths and weaknesses are.
He recognizes Musk and his contributions to Tesla, especially in terms of its prowess as an automaker, an AI play, and a robotics entity. In his more lengthy breakdown of the mentality behind rewarding Musk, he writes:
“Then there’s Musk. He’s using AI to make the best full self-driving car. He’s using it to dominate the Robotaxi game, or at least try. There’s no doubt that he’s got the best self-driving alternative on a price basis…Musk has put AI to the test, and he recognized that if you could develop better and bigger, and stronger batteries, that might be the answer for our energy-starved country…”
This is essentially an echo of what he said last week, which included some of the same ideas. Musk is ultimately the right man for the job, Cramer believes, especially considering the analyst calls him one of the few CEOs who is “actually worth it,” in terms of his potentially massive payday:
“Hate him or like him, man, this guy’s real smart…I think that Musk, who says he needs to be in control so the robots don’t take over, clearly wishes he had two classes of stock so he could be like Mark Zuckerberg, who can do whatever he wants with Meta. I say, even though he didn’t start the company and therefore doesn’t have the two classes, give the man the pay package he wants. Unlike so many other CEOs, he’s actually worth it.”
Tesla shareholders will vote on the package on November 6, but a handful of proxy firms have already noted that they will be going against it. Institutional Shareholder Services (ISS) and Glass Lewis both voted not to offer Musk this pay package.
Musk called them “corporate terrorists” last week during the company’s Q3 Earnings Call.
News
Tesla makes a massive change to a Service policy that owners will love
If you have a subscription to Full Self-Driving or Premium Connectivity for 30 days, the date of its expiration is 30 days after you activate the subscription, even if the vehicle was in service.
Tesla has decided to update its policy on Subscriptions and Service, and owners are going to love it.
If you have a subscription to Full Self-Driving or Premium Connectivity for 30 days, the date of its expiration is 30 days after you activate the subscription, even if the vehicle was in service.
So, if your car was with Tesla Service for five days, you essentially lost those five days, as your expiration date was not adjusted to reflect the time the vehicle was unusable.
Loaners that Tesla gives owners are usually equipped with perks like Full Self-Driving and Premium Connectivity, so your subscription does not roll over to another vehicle.
However, Tesla has decided to revise that policy in an effort to give owners full access to the subscriptions they paid for. It requires Service visits to be longer than one day.
In a communication to an owner who was having their vehicle serviced, Tesla said:
“A loaner vehicle may be available during your appointment (pending availability) – please check the app closer to your appointment for the latest updates and access details. If your repair requires more than one business day, any active subscriptions or free trials will be extended accordingly.”
Tesla will now extend active subscriptions and free trials if your car was in service for more than 1 business day pic.twitter.com/HdtDEwk3e6
— Whole Mars Catalog (@WholeMarsBlog) October 20, 2025
The move is a good one from a customer service standpoint, especially considering the loss of even a few days of a 30-day subscription to something like Full Self-Driving, which costs $99 per month, can be frustrating.
Tesla’s choice to extend the subscription duration for the length of the service visit is a good-faith move that customers will appreciate.
While this adjustment is not directly related to Service, many customers will relate it to that. It’s yet another move Tesla has made in 2025 to make its Service experience better for customers.
It is also offering more options to communicate with Service advisors during and after cars are repaired, which can help streamline the entire visit from start to finish.
News
SpaceX reaches incredible Starlink milestone
SpaceX has reached an incredible milestone with its Starlink program, officially surpassing 10,000 satellites launched into low Earth orbit since starting the program back in 2019.
Last Sunday, October 19, SpaceX launched its 131st and 132nd Falcon 9 missions of 2025, one from Cape Canaveral, Florida, and the other from Vandenberg, California.
The 10,000th Starlink satellite was aboard the launch from California, which was Starlink 11-19, and held 28 v2 mini optimized satellites.
The achievement was marked by a satellite tracker developed by Jonathan McDowell.
🚨 With its Falcon 9 launch last Sunday, SpaceX officially has 10,000 Starlink satellites in orbit pic.twitter.com/xS5RVZ4ix0
— TESLARATI (@Teslarati) October 26, 2025
The first Starlink launch was all the way back on May 23, 2019, as SpaceX launched its first 60 satellites from Cape Canaveral using a Falcon 9 rocket.
Of the over 10,000 satellites in orbit, the tracker says 8,608 are operational, as some are intentionally de-orbited after becoming faulty and destroyed in the atmosphere.
SpaceX has truly done some really incredible things during its development of the Starlink program, including launch coverage in a global setting, bringing along millions of active subscribers that use the service for personal and business use, locking up commercial partnerships, and more.
Starlink currently operates in around 150 countries, territories, and markets and is available at least somewhere on all seven continents.
Additionally, Starlink has over 5 million subscribers worldwide, and 2.7 million have joined the program over the past year. It has revolutionized internet access on commercial aircraft as well, as several high-profile airlines like Qatar and United, among many others, have already installed Starlink on some of their planes to deliver more stable connectivity for passengers and crew.
SpaceX has the approval to launch 12,000 Starlink satellites from the FAA, but it plans to bring over 30,000 to its constellation, giving anyone the ability to have access to high-speed internet.
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