

News
Tesla owners unite in Austria for epic Black Mountain meetup
Tesla owners from eight countries took electric vehicles to new heights as they drove to the top of the highest mountain in Austria. The Großglockner or ‘black mountain’ towers 3,798 meters above the surrounding mountains. According to legends, a black crystal concentrates the energy of the mountain and is hidden somewhere inside the Glockner.
Today with @TeslaClubAT we climbed the highest mountain in Austria with 60 Teslas from 8 countries 🇺🇸🇸🇪🇫🇮🇳🇴🇨🇭🇩🇪🇦🇹 and 🇺🇦
Supporting Peace, Love & Tesla @elonmusk #silencerallye @Tesla pic.twitter.com/DlnPgtxFR4— Tesla Owners Silicon Valley (@teslaownersSV) July 3, 2022
The Tesla Owners Club of Austria brought together 60 Tesla vehicles with owners from eight nations to share a powerful message. “Let’s work hard to preserve this and all other treasures on this planet,” they shared on Twitter.
The message is a symbol of peace. The club president of Tesla Owners of Silicon Valley represented the United States which had just celebrated its 246th Independence Day. The Tesla owners came together to support peace, love, and Tesla.
Austria is such an amazing, beautiful and S3XY country. It was a great honor to show it to 60 tesla drivers from 8 nations. Let’s work hard to preserve this and all other treasures on this planet 💪✌️🇦🇹😍 @elonmusk @teslaclubfin @OwnersWest @TeslaClubNorway @teslaownersSV pic.twitter.com/QjDtwmaWnH
— Tesla Club Austria (@TeslaClubAT) July 4, 2022
I reached out to the Tesla Owners Club of Austria and asked them to share how the experience was for them. They told me,
“I almost cried because in this time of crisis everywhere it felt so good to experience so much fun and love together with the Tesla community. We had 60 Teslas from 8 nations (including one team from Ukraine and club presidents from Sweden, Finland, Norway, and Silicon Valley), perfect weather, and great fun.”

“The Großglockner is the highest mountain in Austria and there are 300.000 cars every year driving the world-famous road. We wanted to show that you can do that without emissions, sexy and silent. You get so much energy back during regenerative braking while driving down so that was no problem at all charging all the 60 cars. And you get so many good feelings back when you participate in such events.”
Why They Chose The Peace Sign
It’s about building something new at events. The Tesla Owners Club of Austria participated in the Silence Rallye and chose the peace sign for a reason. The Rallye, they told me, is the club’s largest annual event.
“It is our biggest event and we organize it every year in a different region in Austria. There are fun competitions, amazing road trips, and good food for three days. This year we tried to bring some Sound of Music Style into it with a special VIP tour through Salzburg city and the Vintage Party. Großglockner is also in the Salzburg area so it was a Must that we had to climb this mountain.”
“We always try to build something new at our bigger events. After a Tesla Logo and a heart shape, it just felt right to do this sign. The theme of this Silence Rallye was Sound of Music because we visited Salzburg. We organized a vintage disco with Dresscode. Some people came as hippies so setting up the peace sign on one of the highest mountains in the Alps was a perfect way, to sum up, our Rallye.”

Supporting Ukraine
There was one team from Ukraine and the club wanted to show support. They also raised donations and helped Tesla drivers from Ukraine that were traveling to safer locations. The majority of the teams were from Austria, Switzerland, and Germany. Several club presidents from West Sweden, Finland, Norway, and Silicon Valley were also there.
John Stringer, the president of the Tesla Owners of Silicon Valley told me that the Austria club spent an extensive amount of time mapping out each car to get it perfect. He added,
“It was super cool to meet the owners of Austria and be able to take a Sound of Music tour and take 60 Teslas to the highest peak in Austria.”

Elon Musk
Tesla rolls out Steer-by-Wire improvements to Cybertruck

Tesla is rolling out some improvements to the Steer-by-Wire system on Cybertruck, which is one of the features exclusive to the vehicle as it is not active on any other vehicle in the company’s all-electric lineup.
Steer-by-wire is a steering system that turns the direction of wheels mechanically. It differs from vehicles with typical electric power steering systems in the way that those rely on the steering wheel column to transfer steering torque to the wheels.
There are a handful of EVs that use steer-by-wire, including the Cybertruck, Hummer EV, and Silverado EV. The latter two use a traditional steering column and only have steer-by-wire on their rear wheels, so they differ from the system the Cybertruck uses.

Credit: Tesla
The system has made the massive Cybertruck have better steering, and although its size is large, it is one of the easier Tesla vehicles to steer through tight spaces — granted you have the room.
Tesla is making an improvement to the system, according to a new update that will roll out in the 2025.8.4 Software Update as the steering wheel is now going to give more realistic feedback by adapting to road surfaces, the company said (via Not a Tesla App):
“The steering wheel now gives you more realistic feedback, adapting to different road surfaces for a better driving experience.”
This feature will work alongside another improvement as the Cybertruck’s air suspension ride height is now adjustable through the Tesla App.
Tesla Cybertruck steer-by-wire system helps avoid potential collision
The changes from the update, in terms of the more realistic feedback, will improve the overall feel of the road for drivers, making for a better driving experience.
News
Rivian startup spinoff raises $105M in funding for micro EV production
Meet Also, Rivian’s micro EV spinoff, now a full-fledged startup with $105M in funding. It’s adapting Rivian’s tech for compact EVs.

Rivian’s skunkworks program has turned into a full-blown startup called Also. The new startup, which is separate from Rivian, raised $105 million from Eclipse Ventures. Also will focus on micromobility or the development of micro electric vehicles.
Also started within Rivian, aiming to figure out if the electric vehicle company’s technology could be condensed to fit smaller EVs, including vans, trucks, and SUVs. Eventually, the skunkworks program discovered it could, indeed, fit Rivian’s technology in smaller, more compact electric vehicles, but the project was bigger than Rivian.
“We’ve been taking the Rivian technology stack and adapting it to much smaller form factors and then coming up with some incredibly exciting embodiments of that technology in these very small form factors,” Rivian CEO RJ Scaringe told Reuters.
Rivian will always be part of Also. It holds a minority stake in Also and Rivian’s VP of future programs, Chris Yu, will be the startup’s president.
According to Scaringe, Also plans to debut its first vehicle designs later this year. One of the designs seems to be a bike, as Scringe described it having a seat, two wheels, and a screen with a few computers and a battery.
Also aims to start producing its flagship product by 2026 for customers in the United States and Europe. In addition, it plans to launch consumer and commercial vehicles made for Asia and South America.
Investor's Corner
Financial Times retracts report on Tesla’s alleged shady accounting
“Turns out FT can’t do finance,” Tesla CEO Elon Musk quipped on X.

The Financial Times has issued a retraction for an article it recently published that accused the electric vehicle maker of shady accounting practices.
The FT’s retraction has been appreciated by the electric vehicle community in social media, though many highlighted the fact that the publication’s initial erroneous allegations have already been spread across numerous other media outlets.
The Allegations
In an article published on March 19, the Financial Times pointed out that if one were to compare “Tesla’s capital expenditure in the last six months of 2024 to its valuation of the assets that money was spent on,” “$1.4 billion appears to have gone astray.”
The FT article highlighted that Tesla reported spending $6.3 billion on “purchases of property and equipment excluding finance leases, net of sales” in the second half of 2024. However, in that period, the company’s property, plant, and equipment only rose by $4.9 billion. As noted by members of the r/Accounting subreddit, this appeared to be the basis of the FT‘s article, which seemed careless at best.
Unfortunately, the publication’s allegations were quickly echoed by other news outlets, many of which proceeded to accuse Tesla of implementing shady accounting practices.
The Retraction
In its retraction, the Financial Times explained that Tesla’s payments for assets already purchased and the possible disposal of depreciated property could help explain the alleged discrepancy in the company’s numbers. With these in consideration, the publication noted that the “crack we’re left with at Tesla is now small enough — just under half a billion dollars — to be filled with some combination of foreign exchange movements, non-material asset write-offs, or the sale of machinery or equipment close to its not-fully depreciated value.”
“As we sound the Alphaville bugle while lowering this particular red flag, one unavoidable conclusion is that at a certain point it’s necessary to trust the auditor’s judgment,” the publication noted.
Tesla CEO Elon Musk has responded to the Financial Times‘ retraction, commenting, “Turns out FT can’t do finance” in a post on social media platform X.
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