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Tesla shareholders arrive at the Cyber Roundup

Photo Credit: Will Sellers/ Louisiana Tesla Owners

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Tesla’s Cyber Roundup shareholder meeting is happening today at 4:30 CST and Tesla shareholders are already arriving. My friend and fellow Baton Rouge citizen,

Will Sellers was one of the shareholders who was randomly selected to attend the Cyber Roundup. Will and I are both members of the Louisiana Tesla Ownes and Dreamers group on Facebook.

Photo Credit: Will Sellers/ Louisiana Tesla Owners

This is Will’s first time attending a Tesla event and when he first got the invite, he called me to share how excited he was.

Having been invited to a few Tesla events, I told him to expect to have a lot of fun there.

Photo Credit: Will Sellers/ Louisiana Tesla Owners

In the photo above, you can see a made-in-Texas Tesla Model Y with signatures on them. Will told me Tesla was allowing shareholders to autograph the Model Y and sign where they are from.

The photo below is a close-up of Will’s signature.

Photo Credit: Will Sellers/ Louisiana Tesla Owners

In the next photo, you can see the Tesla Semi with a mural on the trailer. Last month the Tesla Semi with the mural on its side was spotted going west on I-80 in California.Futurism noted that the horse was bucking as purple smoke billowed in the background extending all the way to the cab.

We now know where it was headed.

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Photo Credit: Will Sellers/ Louisiana Tesla Owners

And below is another angle of the Tesla Semi and its neat mural parked at Giga Texas.

Photo Credit: Will Sellers/ Louisiana Tesla Owners

 

The Tesla Cybertruck was also there and it’s one of my favorites in Tesla’s vehicle lineup. One of the top questions that shareholders wanted to know was centered around the Cybertruck and its new pricing.

“When the Cybertruck pricing is released, will all who ordered before it was taken down be grandfathered in, or have to reconfigure? When will pricing be released?”

You can read more about the top questions here.

 

Photo Credit: Will Sellers/ Louisiana Tesla Owners

In the photo below, Will took a shot of the back of the Tesla Cybertruck. In the background, you can see a red Tesla Model Y and then a hanging Tesla Model Y sculpture that is similar to the one I saw at the Tesla Cyber Rodeo in April.

Photo Credit: Will Sellers/ Louisiana Tesla Owners

Below is a better photo of the hanging Model Y sculpture.

Photo Credit: Will Sellers/ Louisiana Tesla Owners

Below is the last photo that Will shared with me.  Tesla is giving shareholders a tour of Giga Texas.

According to @WholeMarsBlog who is also there, Giga Texas is in full production even though there is a tour happening as well as the shareholder meeting.

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Photo Credit: Will Sellers/ Louisiana Tesla Owners

One thing that is really cool for Tesla to do is to transform Model Y hoods that were damaged during production into wall art.

@WholeMarsBlog said that the messed-up hoods being set up in production were made into art and you can see the photos in his tweet below.

 

Disclaimer: Johnna is long Tesla. 

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I’d love to hear from you! If you have any comments, concerns, or see a typo, you can email me at johnna@teslarati.com. You can also reach me on Twitter @JohnnaCrider1

 

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Morgan Stanley’s Adam Jonas dubs Tesla FSD a “game changer” after marathon drive

Jonas reported that FSD handled more than 99% of the miles.

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Credit: Tesla Europe & Middle East/X

Morgan Stanley’s analyst Adam Jonas shared a notable endorsement of Tesla’s Full Self-Driving (FSD) software after completing a 1,400-mile round trip from New York to Michigan in his Model Y. 

Jonas reported that FSD handled more than 99% of the miles, calling the system “a game changer” for long-distance driving.

Hands-free experience

Jonas drove his 2021 Tesla Model Y equipped with Hardware 3 and FSD Supervised v12.6.4, and he used the system nearly the entire trip. “Having your hands off the wheel and feet off the pedals for nearly 12 hours of driving is a real game changer that is hard to appreciate without experiencing it for yourself,” he noted.

He explained that outside of two heavy downpours, one on the Pennsylvania Turnpike and another in suburban Detroit, plus some light maneuvering in fast food parking lots, FSD handled the drive without any human intervention. “FSD made no mistakes or close calls that I recall. The system handles highways very safely and confidently. I cannot imagine buying another EV without FSD.”

Broader implications

Jonas added that he has used FSD consistently over the past 18 months, and the $8,000 he paid for the feature feels like a bargain considering the value. He also praised Tesla’s Supercharging network, which supported his trip without issue.

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Jonas has been one of Wall Street’s most closely followed voices on Tesla, and his comments add weight to the ongoing debate about the role of autonomy in the company’s future. His current price target for Tesla stock stands at $410. During Morgan Stanley’s 13th Annual Laguna Conference, he echoed similar experiences with Tesla’s software, emphasizing that FSD “probably drove well over 99% of the miles” on his recent trips.

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Elon Musk

Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever

Prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.

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Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons


Tesla (NASDAQ:TSLA) shares rose on Monday after CEO Elon Musk disclosed a rare insider purchase of company stock worth about $1 billion. 

A filing with the U.S. Securities and Exchange Commission (SEC) revealed that Musk acquired 2.57 million shares last Friday at various prices. The move represents Musk’s largest TSLA purchase ever by value, as per Verity data.

Elon Musk’s TSLA purchase

The disclosure sent Tesla shares up more than 8% in premarket trading Monday, as investors read the purchase as a notable vote of confidence, as stated in a CNBC report. Tesla stock had closed slightly lower Friday but remains more than 25% higher over the past three months. It should be noted that prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.

Market watchers say the purchase could help shore up investor sentiment amid a volatile year for TSLA stock. Shares have faced pressure from a variety of factors, from year-over-year sales challenges due to the new Model Y changeover, political controversies tied to Musk, and reduced U.S. incentives for EVs under the Trump administration. Nevertheless, analysts such as Wedbush’s Dan Ives stated that Musk’s purchase was a “huge sign of confidence for Tesla bulls and shows Musk is doubling down on his Tesla A.I. bet.”

Tesla and Elon Musk

Musk already owns about 13% of Tesla, and his latest purchase comes as the company prepares for a key shareholder vote in November. Investors will decide whether to approve a compensation package for Musk that could ultimately be worth as much as $975 billion if ambitious market value milestones are achieved. The package has a long-term target of pushing Tesla’s market capitalization to $8.5 trillion, compared with about $1.3 trillion at Friday’s close.

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Wall Street’s current consensus price target still implies a roughly 20% decline from current levels, though some Tesla bulls remain optimistic that the company could shift its focus toward autonomy, AI, and robotics. Musk has also asked shareholders to approve an investment into his latest venture, xAI.

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Tesla adjusts one key detail of Robotaxi operations in Austin

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Tesla is adjusting one key detail of Robotaxi operations in Austin: service hours.

Tesla’s Robotaxi platform in Austin has been active since late June and has been running smoothly since then. It has its limits, as Tesla has set hours that Robotaxis can operate, as well as a distinct Service Area, also known as a geofence, which has expanded three times already.

While the geofence is currently approximately 170 square miles in size, Tesla has recently enabled freeway drives, which also necessitated an adjustment to the company’s strategy with its “Safety Monitors.”

Tesla explains why Robotaxis now have safety monitors in the driver’s seat

Traditionally, they sit in the passenger’s seat. During highway driving, they move to the driver’s seat.

These are just a few adjustments that have been made over the past two and a half months. Now, Tesla is adjusting the service hours of Robotaxi operation in Austin, but only slightly.

Tesla will now operate its Robotaxi ride-hailing service from 6 a.m. to 2 a.m., extending the hours by two hours. It previously shut down at midnight.

Tesla has implemented a variety of safeguards to ensure riders and drivers are safe during Robotaxi rides, and they have made it a point to adjust things when they feel confident that it will not cause any issues.

Many people have been critical of Robotaxi, especially because a person sits in the front of the car.

However, an accident or some type of mistake could do more damage to the autonomous travel sector than anything else. This would not just impact Tesla, but any company operating an autonomous ride-hailing service in the country.

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