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Tesla Model 3 deliveries hit new record in the Netherlands, hints at strong Q4 numbers

(Credit: Elon Musk/Twitter)

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Tesla continued its strong push in the Netherlands with an impressive 1,011 registrations on Saturday, with the all-electric midsize Model 3 sedan leading the charge with 989 new entries in the books.

Aside from the Model 3, there were also 11 Model S and 11 Model X units added to the registry based on the data shared by Twitter user Morten Grove, known for his extensive Tesla-ship coverage and data analysis.

While the data on Tesla’s official number of deliveries are not out yet, electric vehicle data portal EU-EVs.com published its estimates that there are 11,679 Model 3, 276 Model S, and 277 Model X units registered in the Netherlands as of Dec. 28, 2019. These bring the Q4 2019 Tesla registrations in the country to 16,617 for the Model 3. Model X registrations were pegged at 473, and the Model S was pegged at 409.

The latest figures out of the Netherlands are essential when looking at the targets of Tesla as the electric car maker aims to deliver between 360,000 to 400,000 vehicles in 2019, a roughly 45-60% percent increase from its already impressive numbers from the previous year. The country has become the U.S. electric car maker’s biggest market in Europe, overtaking Norway earlier this month.

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An image shared by Twitter user Professeur Tournesol also shows how busy Tesla was last Saturday:

The performance of Tesla in Europe is consistent with the company’s push in other markets. It just made its first deliveries of the first Model 3 units produced in China on Monday to local employees, a symbolic event to kick off the entry of its mass-produced sedan in the world’s largest EV market. Deliveries to local Chinese consumers are expected to follow soon. .

The surge in Tesla sales in The Netherlands may also be due to the Dutch government’s move of gradually increasing the Benefit-in-Kind (BIK) tax on all-electric vehicles to 22% by 2026. In 2019, the BIK for EVs was 4 percent up to a maximum of 50,000 euros and this will go up to 8% up to a maximum of 45,000 euros starting in January. This means that EV users would likely need to pay higher taxes for their green vehicles. This upswing in sales is again expected by the end of next year when the country prepares for the next round of BIK increase.

In September, Tesla also set a record in the Netherlands with 6,251 vehicles registered in Q3 2019. During the same period, the Model 3 also became the most popular vehicle in the country, surpassing the longtime European favorite, the Volkswagen Polo. Just last week, the Supreme Court of the Netherlands confirmed a ruling that mandates 25 percent emission reduction by the end of 2020. The country also requires all cars to be emission-free by the end of 2030.

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Tesla rolls out xAI’s Grok to vehicles across Europe

The initial rollout includes the United Kingdom, Ireland, Germany, Switzerland, Austria, Italy, France, Portugal, and Spain.

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Tesla is rolling out Grok to vehicles in Europe. The feature will initially launch in nine European territories.

In a post on X, the official Tesla Europe, Middle East & Africa account confirmed that Grok is coming to Teslas in Europe. The initial rollout includes the United Kingdom, Ireland, Germany, Switzerland, Austria, Italy, France, Portugal, and Spain, and additional markets are expected to be added later.

Grok allows drivers to ask questions using real-time information and interact hands-free while driving. According to Tesla’s support documentation, Grok can also initiate navigation commands, enabling users to search for destinations, discover points of interest, and adjust routes without touching the touchscreen, as per the feature’s official webpage.

The system offers selectable personalities, ranging from “Storyteller” to “Unhinged,” and is activated either through the App Launcher or by pressing and holding the steering wheel’s microphone button.

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Grok is currently available only on Model S, Model 3, Model X, Model Y, and Cybertruck vehicles equipped with an AMD infotainment processor. Vehicles must be running software version 2025.26 or later, with navigation command support requiring version 2025.44.25 or newer.

Drivers must also have Premium Connectivity or a stable Wi-Fi connection to use the feature. Tesla notes that Grok does not currently replace standard voice commands for vehicle controls such as climate or media adjustments.

The company has stated that Grok interactions are processed securely by xAI and are not linked to individual drivers or vehicles. Users do not need a Grok account or subscription to enable the feature at this time as well.

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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.

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.

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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

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.

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