Rough Day For GM, Tesla Expansion Update, New Software Features (10.24.23)
Oct 25, 2023
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GM and Cruise face challenges, Tesla's expansion plans in Germany, new software features, China insured vehicle numbers, Cybertruck updates, UAW actions and Stellantis comments
Tesla is planning to expand its Gigafactory Berlin by updating the existing factory and building a water recycling plant, although there are doubts about the feasibility of these plans.
Tesla's upcoming software updates will include congestion fees at Supercharger stations during busy times and improved navigation features like suggesting alternate routes and allowing vehicles to report obstacles or hazards.
Deep dives
Tesla's Gigafactory Berlin Expansion Plans
Tesla representatives discussed expansion plans for Gigafactory Berlin, including updating the existing factory and building a water recycling plant. However, there are doubts about the feasibility of these plans due to conflicting comments from Elon Musk. The expansion hearing saw low attendance, which may have helped the decision-making process.
Software Updates for Tesla Vehicles
Notable software updates for Tesla vehicles include the introduction of congestion fees at Supercharger stations during busy times and the potential for on-road detection communication. Tesla aims to improve its navigation features by suggesting alternate routes in case of significant delays and exploring the ability for vehicles to report obstacles or hazards to benefit other drivers.
Updates and Challenges for GM
General Motors (GM) is facing challenges and delays in their EV plans. GM is adjusting the pace of EV acceleration and delaying the launch of some electric vehicle models. Despite these adjustments, GM reaffirms its commitment to an all-electric future and maintaining an annual EV capacity of one million units in North America. GM also reported the financial impact of the UAW strike, estimating losses in the hundreds of millions of dollars.
➤ GM, Cruise share difficult updates ➤ New details on Tesla’s expansion plans ➤ Upcoming software to offer new features ➤ China insured vehicle numbers ➤ Cybertruck updates ➤ UAW actions and Stellantis comments
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Executive producer Jeremy Cooke Executive producer Troy Cherasaro Executive producer Andre/Maria Kent Executive producer Jessie Chimni Executive producer Michael Pastrone Executive producer Richard Del Maestro Executive producer John Beans
Disclosure: Rob Maurer is long TSLA stock & derivatives
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