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Toyota fuel-cell car in 2014 with 300 mile range and Tesla-competitive price

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Toyota’s upcoming fuel-cell powered car will be priced roughly in line with the Tesla Model S, and deliver around 300 miles on a full tank of hydrogen, the company has revealed, ahead of the FCV-R-based vehicle’s debut at the Tokyo Motor Show later this year. The new car, which may be launched under Toyota’s own brand or as a Lexus, will cost in the neighborhood of $50,000 “depending on how big your neighborhood is” US advanced product development VP Chris Hostetter said, Bloomberg reports, with Toyota targeting something “price competitive” with Tesla’s sedan.

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The Model S kicks off at $69,900, before any federal tax credits are applied. The start-up, founded by Elon Musk, originally offered a cheaper version, at around $52,400 after credits, but axed the model after discovering that only 4-percent of buyers opted for it in favor of more expensive versions with greater range.

These latest numbers from Toyota are more vague than the Japanese company has been in previous months about the fuel-cell vehicle. Back in May, Toyota said that it would be priced at $50,000 and that it expected to sell around 11,000 each year, as well as suggesting it would be sold as a Lexus.

Now, though, the company declines to forecast sales, and says that it has not finalized model or branding. However, Toyota now says to expect the final decision in time for the Tokyo Motor Show in November 2013, with the production vehicle potentially hitting forecourts as early as 2014 as a 2015-model-year car.

Toyota FCV-R overview:

Nonetheless, despite Toyota’s – somewhat tempered – enthusiasm, fuel-cells are not universally acclaimed. The technology uses hydrogen, stored at high pressure in tanks usually under the trunk or rear seats, that is passed through a stack of polymer electrolyte membranes coated with catalyst layers: each produces under one volt, but given sufficient density can output sufficient energy to power the car.

The advantages to fuel-cells, advocates say, are that they only emit oxygen as a waste product, and can be fueled on hydrogen sourced from water put through an electrolysis process. However, critics point to the fact that, in actuality, most commercial hydrogen is produced from natural gas, undermining some of its eco-friendly credentials. There’s also a requirement for power to actually compress the gas – in the case of Toyota’s FCV-R concept, which the production car will be based on, to 690x normal atmospheric pressure – into the car’s tank.

Perhaps Toyota’s biggest challenge – and one which Elon Musk has highlighted – is infrastructure: so far, although there are a few hydrogen refueling stations in the US, they’re sparse. Unlike an EV, the FCV-R cannot simply be plugged into a regular power outlet for a straightforward (if slow) top-up. Meanwhile, Tesla pushes ahead with its Supercharger network, as well as flirting with even faster battery-replacement systems.

One possibility is that the commercial car will see a markedly staggered release, likely focusing on California – where “hundreds” of fuel-cell vehicles are already in operation, and the highest density of hydrogen refueling stations exist – before feasibility for the rest of the country is ascertained.

VIA Autoblog Green

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Elon Musk

SpaceX reportedly discussing merger with xAI ahead of blockbuster IPO

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Credit: SpaceX/X

In a groundbreaking new report from Reuters, SpaceX is reportedly discussing merger possibilities with xAI ahead of the space exploration company’s plans to IPO later this year, in what would be a blockbuster move.

The outlet said it would combine rockets and Starlink satellites, as well as the X social media platform and AI project Grok under one roof. The report cites “a person briefed on the matter and two recent company filings seen by Reuters.”

Musk, nor SpaceX or xAI, have commented on the report, so, as of now, it is unconfirmed.

With that being said, the proposed merger would bring shares of xAI in exchange for shares of SpaceX. Both companies were registered in Nevada to expedite the transaction, according to the report.

Tesla announces massive investment into xAI

On January 21, both entities were registered in Nevada. The report continues:

“One of them, a limited liability company, lists SpaceX ​and Bret Johnsen, the company’s chief financial officer, as managing members, while the other lists Johnsen as the company’s only officer, the filings show.”

The source also stated that some xAI executives could be given the option to receive cash in lieu of SpaceX stock. No agreement has been reached, nothing has been signed, and the timing and structure, as well as other important details, have not been finalized.

SpaceX is valued at $800 billion and is the most valuable privately held company, while xAI is valued at $230 billion as of November. SpaceX could be going public later this year, as Musk has said as recently as December that the company would offer its stock publicly.

SpaceX IPO is coming, CEO Elon Musk confirms

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The plans could help move along plans for large-scale data centers in space, something Musk has discussed on several occasions over the past few months.

At the World Economic Forum last week, Musk said:

“It’s a no-brainer for building solar-powered AI data centers in space, because as I mentioned, it’s also very cold in space. The net effect is that the lowest cost place to put AI will be space and that will be true within two to three years, three at the latest.”

He also said on X that “the most important thing in the next 3-4 years is data centers in space.”

If the report is true and the two companies end up coming together, it would not be the first time Musk’s companies have ended up coming together. He used Tesla stock to purchase SolarCity back in 2016. Last year, X became part of xAI in a share swap.

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Tesla hits major milestone with Full Self-Driving subscriptions

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Credit: Ashok Elluswamy/X

Tesla has announced it has hit a major milestone with Full Self-Driving subscriptions, shortly after it said it would exclusively offer the suite without the option to purchase it outright.

Tesla announced on Wednesday during its Q4 Earnings Call for 2025 that it had officially eclipsed the one million subscription mark for its Full Self-Driving suite. This represented a 38 percent increase year-over-year.

This is up from the roughly 800,000 active subscriptions it reported last year. The company has seen significant increases in FSD adoption over the past few years, as in 2021, it reported just 400,000. In 2022, it was up to 500,000 and, one year later, it had eclipsed 600,000.

In mid-January, CEO Elon Musk announced that the company would transition away from giving the option to purchase the Full Self-Driving suite outright, opting for the subscription program exclusively.

Musk said on X:

“Tesla will stop selling FSD after Feb 14. FSD will only be available as a monthly subscription thereafter.”

The move intends to streamline the Full Self-Driving purchase option, and gives Tesla more control over its revenue, and closes off the ability to buy it outright for a bargain when Musk has said its value could be close to $100,000 when it reaches full autonomy.

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It also caters to Musk’s newest compensation package. One tranche requires Tesla to achieve 10 million active FSD subscriptions, and now that it has reached one million, it is already seeing some growth.

The strategy that Tesla will use to achieve this lofty goal is still under wraps. The most ideal solution would be to offer a less expensive version of the suite, which is not likely considering the company is increasing its capabilities, and it is becoming more robust.

Tesla is shifting FSD to a subscription-only model, confirms Elon Musk

Currently, Tesla’s FSD subscription price is $99 per month, but Musk said this price will increase, which seems counterintuitive to its goal of increasing the take rate. With that being said, it will be interesting to see what Tesla does to navigate growth while offering a robust FSD suite.

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Tesla confirms Robotaxi expansion plans with new cities and aggressive timeline

Tesla plans to launch in Dallas, Houston, Phoenix, Miami, Orlando, Tampa, and Las Vegas. It lists the Bay Area as “Safety Driver,” and Austin as “Ramping Unsupervised.”

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Credit: Tesla

Tesla confirmed its intentions to expand the Robotaxi program in the United States with an aggressive timeline that aims to send the ride-hailing service to several large cities very soon.

The Robotaxi program is currently active in Austin, Texas, and the California Bay Area, but Tesla has received some approvals for testing in other areas of the U.S., although it has not launched in those areas quite yet.

However, the time is coming.

During Tesla’s Q4 Earnings Call last night, the company confirmed that it plans to expand the Robotaxi program aggressively, hoping to launch in seven new cities in the first half of the year.

Tesla plans to launch in Dallas, Houston, Phoenix, Miami, Orlando, Tampa, and Las Vegas. It lists the Bay Area as “Safety Driver,” and Austin as “Ramping Unsupervised.”

These details were released in the Earnings Shareholder Deck, which is published shortly before the Earnings Call:

Late last year, Tesla revealed it had planned to launch Robotaxi in Las Vegas, Phoenix, Dallas, and Houston, but Tampa and Orlando were just added to the plans, signaling an even more aggressive expansion than originally planned.

Tesla feels extremely confident in its Robotaxi program, and that has been reiterated many times.

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Although skeptics still remain hesitant to believe the prowess Tesla has seemingly proven in its development of an autonomous driving suite, the company has been operating a successful program in Austin and the Bay Area for months.

In fact, it announced it achieved nearly 700,000 paid Robotaxi miles since launching Robotaxi last June.

With the expansion, Tesla will be able to penetrate more of the ride-sharing market, disrupting the human-operated platforms like Uber and Lyft, which are usually more expensive and are dependent on availability.

Tesla launched driverless rides in Austin last week, but they’ve been few and far between, as the company is certainly easing into the program with a very cautiously optimistic attitude, aiming to prioritize safety.

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