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Tesla Model 3 adopted by German taxi operator over mass savings in fuel and maintenance costs
Tesla Model S taxis now roam the streets of Dusseldorf as local operator Taxi Norman added two electric vehicles to its fleet, with plans to add 50 Model 3 emission-free taxis in the next few weeks.
While the company spent 105,000 euros for each of the Model S taxis and 45,000 euros each for the Tesla Model 3 units, the German operator began the switch to a green fleet not only to be more environment-friendly but to boost profits as well. With the support of the local government, Taxi Norman will only spend around 35 euros ($38) to charge each Tesla taxi a month compared to 750 euros ($830) of fuel per month for each of its diesel units. Overall, it can save the company around 36,000 euros (around $39,000) when the fuel expenditure of internal combustion taxis is compared to the cost of charging the same number of electric vehicles.
Aside from saving on fuel expenses, Taxi Norman will also save its bank account from maintenance costs. “The cars are also much easier to care for. An old car costs us 6,000 euros ($6,600) a year. The expenses are now gone. We also save on fuel costs through cheaper electricity, ” said Managing Director Erol Norman.
Likewise, customers welcome the development. “Anyway, my drivers are totally satisfied. Customers are so enthusiastic about the driving experience in the electric car that they give higher tips. One received a tip of ten euros for a trip that cost seven euros,” Norman added.
The investment in a greener taxi fleet is highly appreciated by the local government. Local Council member and Chairman of the Environment Committee Philipp Tacer promised to initiate taxi regulations that will further benefit the likes of Taxi Norman that invests in electric taxis. The local government plans to build taxi stops that will be exclusive for electric taxis
Taxi Norman operates a fleet of 150 vehicles in Dusseldorf and plans to complete the switch to electric taxis by 2023.
Looking at the overall picture, Germany has an ambitious goal of cutting its greenhouse gas emissions by 40 percent compared to the 1990 levels come 2020 and one of its core strategies is to increase the share of renewable energies in total energy consumption. One crucial step in this strategy is to raise its renewable energy use in the transport sector.
While Germany delayed its goal of having one million electric vehicles on the road by 2020, the government shows great support for those who want to purchase EVs. Under a new agreement between the government and the car industry, Germany increased the subsidies for cars costing around $44,500 to around $6,700 from around $4,500. Incentives for pricier electric cars were also increased by 25%, however, EVs over 60,000 euros are not supported by the said program.
In the EU, the country is one of the frontrunners in the production of electric vehicles per capita. One can only expect a good boost in this aspect when Tesla begins the production of electric vehicles in its upcoming Gigafactory 4 in Brandenburg. The electric car manufacturer is just awaiting the last hurdles before clearing activities on the approved site begin.
Elon Musk
Elon Musk confirms xAI’s purchase of five new 380 MW natural gas turbines
The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.
xAI, Elon Musk’s artificial intelligence startup, has purchased five additional 380 MW natural gas turbines from South Korea’s Doosan Enerbility to power its growing supercomputer clusters.
The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.
xAI’s turbine deal details
News of xAI’s new turbines was shared on social media platform X, with user @SemiAnalysis_ stating that the turbines were produced by South Korea’s Doosan Enerbility. As noted in an Asian Business Daily report, Doosan Enerbility announced last October that it signed a contract to supply two 380 MW gas turbines for a major U.S. tech company. Doosan later noted in December that it secured an order for three more 380 MW gas turbines.
As per the X user, the gas turbines would power an additional 600,000+ GB200 NVL72 equivalent size cluster. This should make xAI’s facilities among the largest in the world. In a reply, Elon Musk confirmed that xAI did purchase the turbines. “True,” Musk wrote in a post on X.
xAI’s ambitions
Recent reports have indicated that xAI closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development. The funding, as per the AI startup, “will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products.”
The company also teased the rollout of its upcoming frontier AI model. “Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote in a post on its website.
Elon Musk
Elon Musk’s xAI closes upsized $20B Series E funding round
xAI announced the investment round in a post on its official website.
xAI has closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development.
xAI announced the investment round in a post on its official website.
A $20 billion Series E round
As noted by the artificial intelligence startup in its post, the Series E funding round attracted a diverse group of investors, including Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, and Baron Capital Group, among others.
Strategic partners NVIDIA and Cisco Investments also continued support for building the world’s largest GPU clusters.
As xAI stated, “This financing will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products reaching billions of users, and fuel groundbreaking research advancing xAI’s core mission: Understanding the Universe.”
xAI’s core mission
Th Series E funding builds on xAI’s previous rounds, powering Grok advancements and massive compute expansions like the Memphis supercluster. The upsized demand reflects growing recognition of xAI’s potential in frontier AI.
xAI also highlighted several of its breakthroughs in 2025, from the buildout of Colossus I and II, which ended with over 1 million H100 GPU equivalents, and the rollout of the Grok 4 Series, Grok Voice, and Grok Imagine, among others. The company also confirmed that work is already underway to train the flagship large language model’s next iteration, Grok 5.
“Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote.
Tesla (NASDAQ: TSLA) stock received a price target update from Pierre Ferragu of Wall Street firm New Street Research, citing the company’s growing lead in self-driving and autonomy.
On Tuesday, Ferragu bumped his price target from $520 to $600, stating that the consensus from the Consumer Electronics Show in Las Vegas was that Tesla’s lead in autonomy has been sustained, is growing, and sits at a multiple-year lead over its competitors.
CES 2026 validates Tesla’s FSD strategy, but there’s a big lag for rivals: analyst
“The signal from Vegas is loud and clear,” the analyst writes. “The industry isn’t catching up to Tesla; it is actively validating Tesla’s strategy…just with a 12-year lag.”
The note shows that the company’s prowess in vehicle autonomy is being solidified by lagging competitors that claim to have the best method. The only problem is that Tesla’s Vision-based approach, which it adopted back in 2022 with the Model 3 and Model Y initially, has been proven to be more effective than competitors’ approach, which utilizes other technology, such as LiDAR and sensors.
Currently, Tesla shares are sitting at around $433, as the company’s stock price closed at $432.96 on Tuesday afternoon.
Ferragu’s consensus on Tesla shares echoes that of other Wall Street analysts who are bullish on the company’s stock and position within the AI, autonomy, and robotics sector.
Dan Ives of Wedbush wrote in a note in mid-December that he anticipates Tesla having a massive 2026, and could reach a $3 trillion valuation this year, especially with the “AI chapter” taking hold of the narrative at the company.
Ives also said that the big step in the right direction for Tesla will be initiating production of the Cybercab, as well as expanding on the Robotaxi program through the next 12 months:
“…as full-scale volume production begins with the autonomous and robotics roadmap…The company has started to test the all-important Cybercab in Austin over the past few weeks, which is an incremental step towards launching in 2026 with important volume production of Cybercabs starting in April/May, which remains the golden goose in unlocking TSLA’s AI valuation.”
Tesla analyst breaks down delivery report: ‘A step in the right direction’
Tesla has transitioned from an automaker to a full-fledged AI company, and its Robotaxi and Cybercab programs, fueled by the Full Self-Driving suite, are leading the charge moving forward. In 2026, there are major goals the company has outlined. The first is removing Safety Drivers from vehicles in Austin, Texas, one of the areas where it operates a ride-hailing service within the U.S.
Ultimately, Tesla will aim to launch a Level 5 autonomy suite to the public in the coming years.
Elon Musk confirms xAI’s purchase of five new 380 MW natural gas turbines
Elon Musk’s xAI closes upsized $20B Series E funding round
