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Tesla pauses factory plans for Thailand: report

Credit: Tesla Asia/X

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Tesla has reportedly shelved its plans to establish a factory in Thailand. As per a recent local report, the electric vehicle maker will instead be focusing on growing its charging network in the country — at least for the time being. 

Last year, reports emerged suggesting that the company was looking to establish a factory in the country. In November, Thailand Prime Minister Srettha Thavisin visited the Fremont Factory, where he met with executives such as VP of Vehicle Engineering Lars Moravy. 

The Thailand Prime Minister later hinted in interviews that Tesla was considering an investment in the country. The official also hinted that Tesla was looking at three potential locations in Thailand and that the EV maker would be investing about $5 billion into the potential project. 

Citing people reportedly familiar with the matter, Thai publication The Economic Base recently noted that Tesla’s factory plans in the country have been shelved. The publication also claimed that Tesla’s factory plans in Asia have been withdrawn for now. Instead, Tesla will reportedly be focusing on growing its charging network in Thailand.  

“Tesla is only talking about charging stations at the moment, but the matter of setting up factories is closed, and it’s not just closed in Thailand, but closed all over the world. Malaysia won’t go, Indonesia won’t go, they’ve all withdrawn, leaving only China, America, and Germany,” the publication noted. 

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Apart from its reported focus on growing its Supercharger Network in Thailand, Tesla has also been promoting its vehicles to consumers in the country. Earlier this year, the electric vehicle maker announced that its all-electric pickup truck, the Cybertruck, will be going on tour across Thailand until September 2024

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla expands Early Access Program (EAP) for early Full Self-Driving testing

Tesla expanded the elusive EAP program for more drivers to test versions of Full Self-Driving before they are widely released.

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Credit: @WholeMars/YouTube

Tesla has expanded its Early Access Program (EAP) to more drivers as it is allowing vehicle owners to test Full Self-Driving versions earlier than normal.

The EAP allows owners to test FSD versions before they are released widely to the public. In previous years, having access to EAP was quite a privilege, but Tesla seems to be going all-in on its eventual rollout of autonomous driving by letting more owners test supervised versions of the suite before they are released publicly.

On Thursday night, Tesla officially launched the ability for some owners to gain entry into EAP. The company did not detail how it chose certain drivers to enable their status in the program, but we’ve seen several well-known Tesla influencers and fans gain access. There are plenty of other drivers who have been granted access as well:

It seems that the EAP access is being granted to those who purchased Full Self-Driving outright and are not paying for the monthly subscription. Tesla has not confirmed that is the case, though.

Tesla wrote in its release notes of the EAP program:

“Enroll to experience early features before they’re widely released. Provide your feedback and related vehicle data to help make the next release our best yet. Note, every driver is responsible for remaining alert and must be prepared to take action at any time.”

The expansion of the EAP indicates that Tesla is growing more confident in these new, unreleased versions of the suite and is aiming to gain significant amounts of data from those who are lucky enough to gain access to it.

In the past, Tesla has been hesitant to add drivers to the EAP because its widespread release was not necessarily warranted. Reading between the lines, there is a significant vote of confidence on Tesla’s part to do this, just seeing as the hesitance to release these versions of FSD has been evident in the past few years.

Tesla is still aiming to roll out a ride-hailing service using FSD in Austin later this year. The company was hiring for teleoperators recently, so that could be one way it manages to ease into the idea of a driverless service for those who choose to use it as it is released to more cities in the U.S. later this year.

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Tesla rolls out new, more affordable trim of the Model Y Juniper in U.S.

Two months after launching the new Model Y with the Launch Series, Tesla has brought out an All-Wheel-Drive configuration of the ‘Juniper’ build.

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Credit: Tesla

Tesla has finally rolled out a new trim level of the new Model Y “Juniper” in the United States, bringing a more affordable option of the revitalized version of its best-selling vehicle to market.

On Friday, Tesla officially launched the Long Range All-Wheel-Drive version of the new Model Y in the United States. Before the $7,500 federal tax credit, the configuration starts at $48,990.

Just a few days ago, we reported on Tesla ramping up production of non-Launch Edition configurations of the new Model Y at Gigafactory Texas. While the company initiated sales of these trim levels in other countries, the U.S. was still waiting for more affordable options to become available.

The Launch Series version of the new Model Y had 327 miles of range, a top speed of 125 MPH, and a 4.1-second 0-60 MPH acceleration rate. The Long Range All-Wheel-Drive trim of the new Model Y has nearly identical specs: it offers the same 327-mile range rating with the same top speed of 125 MPH. However, it has a 4.6-second 0-60 MPH acceleration rate.

The Launch Series also came with Full Self-Driving included. The new, more affordable trim does not, so owners will have to pay $8,000 for FSD if they’d like to purchase it outright. There is also a monthly subscription service that costs $99/mo.

Now that the new Model Y has a new, more accessible configuration available and Tesla has already started ramping production, this could be a good sign of things to come for the company as Q2 kicks off.

Tesla reported lower-than-expected delivery figures for Q1 earlier this week, with the company stating that the shutdown of production lines to changeover to the new Model Y design impacted “several weeks” of manufacturing.

Inventory levels for Tesla were also high, as production outpaced deliveries by a margin of nearly 22,000 vehicles. This could be due to the number of units that have not made their way to delivery centers quite yet, but more information on this will likely be shed by Tesla during its earnings call on April 22.

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Investor's Corner

“Nothing Magnificent about Tesla (TSLA),” claims Jim Cramer

Cramer shared his thoughts about the matter in a comment to CNBC.

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Credit: Tesla

Tesla (NASDAQ:TSLA) is one of the stocks in the “Magnificent Seven,” which is comprised of U.S. tech companies that have driven notable market growth. But as per finance veteran Jim Cramer, electric vehicle maker Tesla no longer qualifies for the group’s moniker.

Cramer shared his thoughts about the matter in a comment to CNBC.

Not “Magnificent” Anymore

The Magnificent Seven (Mag 7) stocks are comprised of Apple, Microsoft, Amazon, Alphabet, Meta Platforms, Tesla, and Nvidia. The companies are known for their large market caps, innovation, and domination in their respective fields. As per Cramer in his recent comments, however, there are essentially no Mag 7 stocks anymore amid the fallout of U.S. President Donald Trump’s tariffs.

“You can buy some low multiple techs, industrials, and banks here. We did that for the charitable trust today, right under the teeth of the selloff. I would not jump back into the Magnificent 7 because, as of tonight, there is no ‘Mag 7’ anymore. I came up with that name, and I’m scrapping it right now — no moniker fits the two or three that remain viable. And I’m not going to put it out there — there’s nothing magnificent about Tesla or Nvidia,” Cramer noted.

Trump Tariffs

Donald Trump’s tariffs are expected to affect a variety of industries, including automakers like Tesla. Despite this, Tesla’s domestic factories such as Gigafactory Texas and the Fremont Factory should shield Tesla to some degree. As per TD Cowen analyst Itay Michaeli, “Tesla (is) a relative beneficiary given [its] 100% U.S. production footprint, substantial U.S. sourcing, and with Model Y competing in a midsize crossover segment where close to ~50% of vehicles could be subject to tariffs.”

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Elon Musk, however, has noted that the effects of Trump’s tariffs to Tesla are no joke. “To be clear, this will affect the price of parts in Tesla cars that come from other countries. The cost impact is not trivial,” Musk wrote in a post on X. 

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