• Elon Musk predicts Tesla energy could be ‘bigger' than its EV business

    25 days ago - By TechCrunch

    Tesla CEO Elon Musk forecast that the company's energy business will eventually be the same size as- or even bigger than - its automotive sector, the latest sign that the company plans to put more time and resources to scaling up its solar and storage products.
    “It could be bigger, but it will certainly be of a similar magnitude,” Musk said during an earnings call Wednesday. The company surprised Wall Street by reporting a return to profitability in the third quarter.
    The bulk of Tesla's revenue is generated from sales of its Model S, Model X and Model 3 electric vehicles. In the third...
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  • Elon Musk: Model S, Model X production continues for ‘sentimental reasons'

    25 days ago - By TechCrunch

    Tesla continues to produce the Model S and Model X more for “sentimental reasons than anything else,” CEO Elon Musk said Wednesday during a call with investors, calling the electric vehicles “niche” products.
    “They are really of minor importance to future,” Musk added.
    Sales of Tesla Model 3 vehicles far outpace its the company's older Model S and Model X vehicles. Tesla delivered 17,483 Model S and Model X vehicles in the third quarter, compared to 79,703 Model 3 cars. And Musk anticipates the Model Y, which has yet to be produced, could surpass Model 3 sales.
    Still, while the Model S and...
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  • Tesla's ‘Full Self-Driving' feature may get early-access release by the end of 2019

    Tesla's ‘Full Self-Driving' feature may get early-access release by the end of 2019

    25 days ago - By The Verge

    Illustration by Alex Castro / The Verge
    Tesla may grant certain customers early access to a “feature complete” version of the company's “full self-driving” capabilities by the end of 2019, Elon Musk said in a call with investors Wednesday. Musk said that this wasn't “for sure” - but that he thinks Tesla is on track for the release.
    It's a kind of limited beta test, so there won't be a bunch of Tesla vehicles driving around autonomously by the end of the year. Musk later clarified on the call that by “feature complete,” he means the car will be able to drive from someone's home to their...
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  • Tesla is launching version three of its solar roof tile this week

    25 days ago - By TechCrunch

    Tesla will debut a new, third iteration of its solar roof tile this week - with an official debut tomorrow afternoon. Tesla CEO Elon Musk said during the company's earnings call on Wednesday that it'll make an official announcement detailing the differences in generation three on Thursday afternoon.
    Tesla originally unveiled its solar roof tile product back in 2016 , officially opened pre-orders in 2017. During the company's annual shareholder meeting in June, Musk said that the product was already in tis third iteration, which he said improved performance and put the product on cost...
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  • Elon Musk says Tesla “early access” full self-driving could arrive by end of year

    25 days ago - By TechCrunch

    Tesla CEO Elon Musk said on the company's earnings call today that the company's full self-driving mode, in a feature-complete release, could arrive as early as the end of this year. That would be made available in an ‘early access' mode which is essentially a limited beta, and Musk qualified that this isn't a sure thing.
    “While it's going to be tight, it still does appear that will be at least in limited in early access release of a feature complete self-driving feature this year,” he said on the call.
    He added that it's “not for sure,” but that it “appears to be on track” for a limited...
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