News
Trump administration to give automakers more time to challenge future CAFE rules
President Donald Trump will make a presentation in Ypsilanti, Michigan today that focuses on an issue critical to US automakers — Corporate Average Fuel Economy rules. Just prior to the recent inauguration, the Environmental Protection Agency, in a surprise move, made a finding that the industry was capable of meeting the proposed CAFE target of more than 50 miles per gallon by 2025.
That finding was part of a midterm review agreed to by the prior administration and the car companies but it was not supposed to occur before April of 2018. Pushing the finding ahead by 16 months angered many in the industry, who immediately began lobbying the incoming administration to undo the EPA’s decision.
Representative Debbie Dingell, a Democrat who represents Michigan in Congress, says the automakers are not asking to significantly lower the goals they agreed to with the Obama administration in 2011. Instead, the reopening of the review process will allow all stakeholders to reach a "fresh consensus" on the standards.
“My goal is to bring permanent peace between California, Michigan and the rest of the country and have everybody working together toward strong fuel economy standards,” Dingell said. “That was the beauty of the process that President Obama established and the agreement that was reached.”
Mary Nichols, who heads CARB, said in a telephone interview with Automotive News, “We’re not going to refuse to participate in the newly reopened review process. We’ll be there and we’ll be active.”
That doesn't mean the administration and automakers should expect California to abandon its core principles. “We have the technical and legal ability to run a program that recognizes where electrification of vehicles is headed,” she said. “We’re trying to put together a mix of incentives and regulations to move the entire industry in this direction. This is what we’re going to do.”
News
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.
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:
🚨 Tesla has rolled out its EAP for those who would like to provide feedback on versions of Full Self-Driving before their wide release. https://t.co/y32oDtm1G8 pic.twitter.com/x0zGD3VTmi
— TESLARATI (@Teslarati) April 4, 2025
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.
News
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.
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.
🚨 BREAKING: Tesla has OFFICIALLY launched the new Model Y in a Long Range All-Wheel-Drive trim that starts at $48,990 before incentives!
This is the first time Tesla has launched a non-Launch Series version of the new Model Y in the United States! pic.twitter.com/EhJ34PdKRN
— TESLARATI (@Teslarati) April 4, 2025
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.
Investor's Corner
“Nothing Magnificent about Tesla (TSLA),” claims Jim Cramer
Cramer shared his thoughts about the matter in a comment to CNBC.
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.”
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.
Tesla expands Early Access Program (EAP) for early Full Self-Driving testing
Tesla rolls out new, more affordable trim of the Model Y Juniper in U.S.
