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Tesla Motors is no longer a startup, reassures shareholders

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tesla elon musk happy june 2012

Tesla-Model-S-Sunset-MarinaCovering the news with Tesla Motors is always an interesting exercise, to put it mildly. The electric lifestyle Californian startup releases a steady flow of news covering the automotive industry, making incursions in the energy world, ruffling feathers with automotive lobby groups, and showing weary companies the ways of things to come. The last shareholder meeting gives us a rundown on what is happening at Tesla.

A lot of electric miles

Congratulations to the Teslarati, you have driven more than 344 million miles with no fatalities. The accidents, which the press was more than willing to spin a negative twist on, were not Tesla’s direct fault. But more to the point, this moves the status of our beloved trendsetter from startup to a fully fledged established company. In many ways, Tesla Motors is giving us a glimpse of how future companies will operate. They will require strong and far-reaching visions, answer real needs, with a business model that goes beyond the simplistic bottom line philosophy we’ve endured until now.

More than one Gigafactory

The gigafactory story we wrote a few months ago was picked up by mainstream news and shed evidence that Tesla was always much more than a carmaker. If one gigafactory is good, many are even better. With the company’s current production capacity constraints, due to its low supply of lithium-ion battery cells, Elon Musk hinted at more than one Gigafactory. Can you see utilities fretting over this one? Not only will Tesla Motors worry battery makers worldwide, but will give utilities more gray hair than they anticipated with more battery factories tied to the grid with alternative energy.

As far as Panasonic’s jitters, Tesla still believes it can bring down the costs of its lithium-ion cells by 30-percent cost, which Musk said Panasonic agrees with. The target is still 500,000 electric vehicles (EV) by 2020.

Did anyone catch the real news? Elon Musk said Tesla would able to change anode and cathode material quickly in the Gigafactory, instead of continuing the same lithium-ion chemistry.

Model S price… decrease

Now don’t get your hopes too high, the price decrease won’t be much, about $5,000, but enough to bring the Model S below $100,000. Still, this warrant kudos from a company who has only been producing its first ever designed car from the grounds up for a few short years, outselling any other cars in its category.

Roadster gets an upgrade!

Tesla Roadster RedBy far my favorite news, my favorite car, the Roadster will get an upgrade this year. Unfortunately, its replacement is still uncertain, but would nonetheless be based on the next-generation III platform

Musk stays at the helm, for now

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We’ve always felt Elon Musk would stay a few more years at the helm of Tesla Motors before retiring as Chairman and focusing on SpaceX. It makes the most sense, as Tesla is now a well establish company, spanning many industries. The next challenge is Space X. He said he would continue as CEO for at least four or five more years, at least through a volume production of the third-generation car.

Model X, mid-2015, third generation following

As far as the company’s third car, the Model X will be available during the second quarter of 2015. The other good news is that the third generation is still targeted at around $35,000 with a 200-mile range. We can expect it to be available around the late 2016.

Toyota needs Tesla, not the other way around

One of the debates I’ve enjoyed over the years was whether Toyota needs Tesla or the other way around. Even though Tesla reached the end of its business venture with the Toyota RAV4 EV drivetrain, Musk revealed Toyota was coming back for more. Even though Toyota insists on hydrogen fuel cell technology, the company is still interested in using Tesla’s electric powertrain for a high volume deal . Don’t bet on this happening any time time soon. Tesla has a hard time keeping up with production . He did mention we should hear more in about two years, once production constraints had eased.

Model E?

So long Model E. Despite Ford’s public recognition, Tesla Motors feels the company would sue for using it. The company is looking at other names and Musk said: “I think we’ve got something that might be…good, might work out pretty well”.

We wanted to offer Model T, for the Teslarati, but we feel Ford again might not like this… So how about Model Cev for cool EV, or Model B, simply for Beautiful?

 

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Starlink Mini 2 arrives with one feature for true off-grid connectivity

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Credit: SpaceX

SpaceX officially launched the Starlink Mini 2 on November 10, delivering the first portable Starlink terminal designed around independent power.

Invitation-only preorders for select U.S. customers are priced at $999 plus tax, a figure that includes a full year of Roam Unlimited service valued at roughly $2,100. A refundable $100 deposit reserves the kit, with the balance due at shipment, expected to begin in mid-December. Broader availability is listed as coming soon.

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The headline feature is the quick-swap 71 Wh battery. Clipped to the rear of the dish without tools, it delivers up to 4.5 hours of connectivity on a single charge.

The 490-gram pack includes its own USB-C port and LED indicators, so users can charge a spare separately and swap it in seconds while staying online. Starlink notes that the terminal can continue operating while the battery charges or run directly from a 60 W USB-C source. The retail box includes one battery, a 60 W USB-C charger, and a 3-meter cable.

Beyond power, the Mini 2 is thinner at 23.1 mm (versus 38.5 mm on the original Mini) while measuring 263 × 314 mm. With the battery and kickstand attached it weighs 1.6 kg.

Built-in Wi-Fi 6 expands coverage to up to 1,800 square feet, an IP67 rating protects against dust and water, and a standard 1/4-20 tripod thread plus physical power button round out the design. Field of view remains 110 degrees, and the unit retains support for mobile use.

For travelers, campers, and remote workers, the swappable battery removes the longstanding requirement for an external power bank or vehicle outlet that defined the first Mini. Spare packs sold separately further extend runtime, turning the compact terminal into a more self-contained solution.

While the bundled $999 invitation price sits well above the original Mini’s current $149 starting point, the included year of service and genuine untethered operation mark a clear step forward in portable satellite internet.

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SpaceX’s $24B Starbase supercomputer plan slipped past a key roadblock

SpaceX wants a Starbase tax break for a $24 billion gas plant and supercomputer campus.

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Concept rendering of SpaceX President Gwynne Shotwell overlooks the company’s Hawthorne, California headquarters as an American flag flies over the campus at sunset.

SpaceX is asking its own company town for a tax break on a $24 billion natural gas power plant and supercomputing facility at Starbase, Texas, and the land it picked sits just outside the reach of a data center moratorium that took effect in neighboring Brownsville last week.

A City of Starbase public hearing notice says SpaceX “proposes to construct, own, and operate a gas-fired power plant and super-compute facility” on roughly 444 acres between Boca Chica Boulevard and the Port of Brownsville. The $24 billion figure covers only the initial phases, and the notice leaves room for future expansions. The Starbase City Commission will consider a property tax abatement and a related economic development agreement at a 7 p.m. hearing on December 9. The notice does not disclose the size or length of the abatement, or how much computing capacity the site would hold.

The location has a history. Over the summer, SpaceX asked Brownsville to remove the tract from its city limits and offered $220 million for water and wastewater projects in return. Brownsville approved the move in August, and Starbase later annexed the land. Brownsville’s own 90-day pause on data center applications took effect last week, and had the tract stayed inside the city, the project likely would have needed a different home.

The power side is already in front of state regulators. SpaceX has applied to the Texas Commission on Environmental Quality for air permits covering 35 mobile gas turbines producing roughly 750 megawatts, according to Politico, which also noted that two of the three Starbase commissioners voting on the incentives are SpaceX executives.

Building its own plant lets SpaceX skip the Texas grid. Gov. Greg Abbott paused new data center grid connections in August pending an audit, but a facility that generates its own electricity does not need one. The air permit still has to clear the TCEQ, where Abbott also ordered a halt on data center permits.

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The bigger test arrives in January. Governor-elect Gina Hinojosa, who unseated Abbott last week, has said she will block data center approvals until the legislature passes new protections, and she has already asked state officials to hold off on any sale of Boca Chica State Park to SpaceX until she is sworn in. Tesla and SpaceX shares both fell the day after the election, and Musk’s first reaction on X was “Data centers in space looking pretty appealing right now.”

That line points to Starmind, SpaceX’s orbital compute constellation. Musk has said terrestrial compute will be “peanuts compared to orbital compute” and expects monthly orbital deployments to pass ground deployments around the end of 2028, as Teslarati reported. Until then, SpaceX still needs gigawatts on the ground. It ended the third quarter with 1.7 GW of nameplate compute, is targeting 2.5 to 3 GW by the end of this year and wants at least 10 GW more in 2027. Its existing Colossus sites around Memphis already run on gas turbines and face a lawsuit from residents over emissions.

Local reaction is split. The South Texas Environmental Justice Network has announced a protest, citing air quality, water use and energy bills, while some Brownsville residents told the Tribune they welcome the jobs. SpaceX did not respond to the Tribune’s questions about the project.

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Tesla extends Cybertruck production as Musk concedes ‘sentimentality’

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Credit: diagnosticdennis/Instagram and @smile__no via Tesla Owners of Santa Clarita Valley/X

Tesla CEO Elon Musk announced that the company will extend Cybertruck production slightly to handle its extensive order backlog.

On Wednesday, Musk announced that “In order to work through more of the Cybertruck order backlog, production will be extended through the end of summer 2027.”

Tesla has already attempted to simplify its last months of production for the Cybertruck by eliminating several trim levels and only offering the Cyberbeast, the most expensive trim that starts at $109,990. The other two trim levels, the Cybertruck All-Wheel-Drive and Premium All-Wheel-Drive have both been discontinued.

There has been plenty of backlash against Tesla’s decision to ax the Cybertruck, but the company’s forecast prioritizes Cybercab and autonomy. Factory space at Gigafactory Texas that is not necessary is now being set aside for the Cybercab as the company truly embraces its “transportation-as-a-service” model.

There is still a slim chance the Cybertruck survives. Last evening, Tesla upfitter Unplugged Performance offered to take the Cybertruck line off of Tesla’s hands and continue building it, along with a CyberSUV.

Nevertheless, Tesla seems to be ending the Cybertruck on its terms after what will be a three-and-a-half-year run. It still does not really feel quite real; I think many of us thought the Cybertruck would be around for years to come.

Musk added more detail, stating that while it was not the smartest move, “there must be some room in this world for sentimentality or what’s the point?”

Other EV pickups on the market have experienced a similar fate.

The Ford F-150 Lightning was axed by the Detroit company due to the continued losses the company took from sales. That truck was never profitable, and Ford is still taking a quarterly loss in its EV side. However, things are moving along as it has plans for a mass market EV pickup, which will likely gather some substantial demand if Ford can get it just right.

Perhaps another extension or even a total change of heart might come. Only Musk knows.

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