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Amidst its ongoing financial struggles, Tesla is reducing the subscription fee for its Full Self-Driving (FSD) driver-assist software. The fee has been cut down from $199 a month to $99 a month.

 

The FSD is Tesla’s level 2 driver-assist system, that the company describes as FSD (Supervised), emphasizing that the drivers are required to pay attention to the road and stand ready to take control of the vehicle. This is because Tesla has been criticized for not incorporating proper driver monitoring and other safety measures to counter overreliance on the system.

 

While the FSD was available as a $99 monthly subscription to owners who already have Autopilot, Tesla now offers Autopilot as standard on all new car purchases, which cancels the need for the price variance. The company has recently also started to promote a one-month free trial of FSD, as a way of attracting more customers to the subscription.

Tesla Announces Reduction in Subscription Fee of its FSD Driver-Assist Software

 

Adoption of Fuel-Saving Technologies by Different Automakers


Automakers have invested plenty of time and money into various fuel-saving technologies, over the past few decades. This includes improvements such as direct injection, cylinder deactivation, and auto start-stop features.

 

It is a difficult task to keep a track of the companies which have adopted these technologies. Luckily, the EPA’s 2022 Automotive Trends Report includes data that shows which automakers have adopted what technologies.

Adoption of Fuel-Saving Technologies by Different Automakers #Infographic

 

Tesla Announces Unbeatable Profit Margins


Tesla made quite a surprising announcement in January this year, that it would be cutting prices on its vehicles by as much as 20%.

 

Even though price cuts are not new in the automotive world, they surely are for Tesla. The company, which generally has been unable to keep up with demand, has seen its order backlog shrink from 476,000 units in July 2022, to 74,000 in December 2022.

 

This has been attributed to robust production growth of Tesla, which saw 2022 production increase 41% over 2021 (from 930,422 to 1,313,851 units).

 

Apparently, the days of “endless” demand of Tesla are over, Tesla is going on the offensive by reducing its prices. This is a step that puts pressure on competitors, but has also annoyed existing owners of this brand.

 

Tesla Announces Unbeatable Profit Margins #Infographic

 

The Leading Businesses in the World in 2022


The year 2022 has been shaped by rough macroeconomic headwinds. Millions and millions of dollars were wiped away in public company market capitalizations, investor confidence decreased, and cost burdens squeezed consumer pocketbooks.

 

Considering all factors, many of the world’s leading businesses experienced harsh declines in market share. Still, a few companies in key sectors managed to have positive growth over the year.

 

As 2022 has ended, the infographic shows the leading businesses in the world, using data from Companiesmarketcap.com.

The Leading Businesses in the World in 2022 #Infographic

 

Tesla Still Leads Electric Vehicle Market in the United States


Although the current position of Tesla in the Electric Vehicles market is at stake, because of all the negative headlines surrounding the company and the increasingly controversial CEO Elon Musk in recent weeks, it is not to forget the fact that the company’s cars are still very popular. Despite Musk’s Twitter takeover and the instability that came with it, it is still very early to determine if these factors will have a significant negative impact on demand for Tesla’s cars. Also, because Tesla very clearly currently positions as the maker of the most popular electric cars in the United States and in many parts of the world.

Tesla Still Leads Electric Vehicle Market in the United States #Infographic



Tesla latest wireless charging mat ‘Wireless Charging Platform’ can be now pre-ordered for $300. The mat comes with a removable magnetic stand and can allow up to three devices to be placed on it.

 


Tesla claims that the charger has been developed using its FreePower wireless charging technology that is the source of the 30 Qi charging coils placed underneath the charger’s fabric cover. Tesla’s FreePower technology is similar to Apple’s AirPower that was only announced to the world but never introduced.

Tesla to Start Shipping its New Wireless Charger Created with FreePower Technology

 


CEO of Tesla, Elo Musk just announced that people can now use bitcoin for payment of the cars in the US. The company’s US website now shows the option of paying using cryptocurrency. Musk added that the option will become available to more users in other countries later this year.

 

 

In addition to this news, Musk also shared the details about the way Tesla is going to handle this new payment option. “Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency,” he explained in a tweet.

 

Details about the bitcoin payment process are shared on Tesla’s website in the FAQ section. Users are given two options to initiate payment: by scanning a QR code or copying and pasting its bitcoin wallet address. Moreover, trying to send any other form of cryptocurrency to its wallet would likely result in a loss of funds as the transaction will not be received.

Tesla to Now Accept Bitcoin Payment in the US

World’s longest-range electric cars

With the world advancing in almost every sector, the automobile industry is accelerating in technology as well. By the words “electric cars”, all that pops instantly in our heads is Tesla. The invention of the electric car dates way back to 1832 when Robert Anderson invented the first crude electric vehicle. Since then, various automobile manufacturers have been innovating electric cars with the use of the latest technology.

World’s longest-range electric cars #infographic

 


Elon Musk, founder and CEO of Tesla, just became the richest person on Earth, a title that was previously owned by Jeff Bezos, CEO of Amazon. This happened as Tesla’s stock price continued to rise, leading to Musk’s net worth of about $188 billion.


 

Musk and Bezos’ rivalry in terms of personal wealth is something that has been going on for years. It was reported that Bezos became so envious of Musk’s success at one point, that it was Musk’s $1.3 billion incentive package for Tesla’s Gigafactory in Nevada that became the reason for the development of Amazon’s beauty pageant-style search for its second headquarters.

 

The competition between Musk and Bezos doesn’t just end here, but the two tech lords also own their own spaceflight companies; Bezos owns his in Blue Origin, while Musk has his in SpaceX. They  have also traded barbs about their rockets and even fought over hallowed NASA real estate, with SpaceX eventually gaining victory and becoming the only one of both the companies to successfully reach orbit.

 

Elon Musk becomes Wealthiest Person on Earth Surpassing Jeff Bezos

Best-selling electric cars in America

Electric cars are becoming more and more common in America. Tesla, owned by Elon Musk, is one of the dominating company that provide electric powered cars. Tesla Model X is considered as one of the best Tesla cars and Tesla Model 3 is was the best-selling electric vehicle in the first six months of this year. This vehicle did even better last year, selling more than 69,000 units in 2019.

Best-selling electric cars in America #infographic

Tesla becomes the most valuable automaker

It is no news that Tesla has always been one of the top-rated Automakers for years. But the one factor that has kept all the other automakers on edge is the sudden bump in its value during the pandemic. COVID-19 has been the cause of millions of deaths, unemployment, inflation, and the list goes on. Tesla, however, has had a rather opposite effect on the industry. Its value increased by 375% since last year and has not stopped since. Many giants of the industry are still wondering about the strategy, which led Tesla to surpass all the other automakers.

Tesla becomes the most valuable automaker #infographic


There have already been 250,000 pre-orders for Tesla’s Cybertruck


Elon Musk recently unraveled his new Cybertruck in Hawthorne, California which soon became the hot topic among many not only due to its sleek design which is unlike anything we have seen before but because of its armored glass that got shattered after being hit by a metal ball in a demo.

There have already been 250,000 pre-orders for Tesla’s Cybertruck


The event was rather embarrassing for Tesla and soon after the company’s stock price drastically lowered. This raised many questions about whether people would actually opt for Cybertruck in large numbers.

But they sure have, Tesla’s CEO Elon Musk has said there have already been 250,000 pre-orders of his Cybertruck. In a tweet on Monday, he wrote ‘250k’, which seems hard to interpret but his earlier tweets show that it’s the number of pre-orders of the new truck.


Musk had tweeted ‘200k’ last week after he tweeted that the number of total orders had soared to 187,000. He has also mentioned that the number of pre-orders is big despite any advertisements or paid endorsements.

There are three variations of this truck, which Musk mentioned in another tweet, "146k Cybertruck orders so far, with 42% choosing dual, 41% tri & 17% single motor,"

Tesla has definitely made some amends to Cybertruck and the video shared by Elon Musk in a tweet is a proof. In the video, Tesla’s lead designer throws a metal ball at the truck’s glass and it bounces back instead of shattering the glass as it did previously.


There Have Already Been 250,000 Pre-orders for Tesla’s Cybertruck

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