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   Technology StocksTesla EVs - TSLA


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From: Eric2/21/2021 7:42:18 PM
1 Recommendation   of 17027
 
News

Tesla drops Model Y and Model 3 pricing, closing price gap with gas cars




Credit: Tesla




By Simon Alvarez
Posted on February 21, 2021


The Tesla Model 3 and Model Y’s Long Range Dual Motor AWD variants recently received a price cut, allowing the midrange vehicles to become even more competitive in the EV market. With their recent price adjustment and potential upcoming EV incentives from the US government, the Model 3 and Model Y have effectively taken yet another step towards closing the gap against gas cars.

The recent price adjustment was rolled out this weekend, with Tesla now listing the Model 3 Long Range Dual Motor AWD at $45,990, down $1,000 from its previous price of $46,990. In the same light, the Model Y Dual Motor AWD also received a $1,000 price adjustment, from $49,990 to $48,990.


Credit: Tesla


Interestingly enough, the price adjustment was rolled out just days after the electric car maker rolled out another set of price cuts. Just last week, Tesla adjusted the price of the Model 3 Standard Range Plus to $36,990, down $1,000 from its previous $37,990 starting price. The Model Y Standard Range also received a $2,000 price cut to $39,990 from its previous price of $41,990.

Surprisingly, Tesla’s recent update effectively removed the Model Y Standard range from the vehicle’s online configurator. The reasons behind the vehicle’s removal remain unknown, though it is quite strange on Tesla’s part, especially considering that the variant just received a substantial price cut. That being said, Tesla is known for rolling out changes on the fly, so expectations are still relatively high among the EV community that the entry-level Model Y will return, at least at some point.

The Tesla Model 3 and Model Y are already competitive against their ICE competitors to begin with, but the two vehicles still have vast areas of improvement. This is evident in the innovations that Tesla is yet to implement on the cars such as its 4680 cells and structural battery packs, both of which are expected to optimize the EVs’ manufacturing costs, performance, and range. Once these are implemented fully, Tesla’s Model 3 and Model Y could be even more formidable competitors to the internal combustion engine.

teslarati.com

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From: kidl2/22/2021 8:15:16 AM
   of 17027
 
The Tesla-Bitcoin connection

Tesla ( TSLA) is "on a trajectory to make more from its Bitcoin ( BTC-USD) investments than profits from selling its EVs cars in all of 2020." That's according to Wedbush's Dan Ives, which gave the estimate in a research note on Saturday. While he didn't lay out the numbers, Bitcoin has climbed about 65% since Jan. 31, which would put the profit on Tesla's $1.5B bitcoin investment at around $975M.

Quote: "We still expect less than 5% of public companies will head down this route until more regulatory goal posts are put in place around the crypto market," continued Ives. "While the Bitcoin investment is a side show for Tesla, it's clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies over the next 12 to 18 months."

Response: Bitcoin's market cap even hit $1T on Friday as it continued to rally into record territory. The blastoff caught the attention of Tesla's Elon Musk once again, who said "BTC & ETH do seem high lol," though it came with a tweet that said "money is just data that allows us to avoid the inconvenience of barter." In the past, Musk has suggested that "Bitcoin is almost as bs as fiat money." The key word is "almost," he added, saying, "when fiat currency has negative real interest, only a fool wouldn't look elsewhere."

After surging to a record $58,354 on Sunday, Bitcoin fell as much as 6% to below $55,000 overnight following the comments from Musk. Rival cryptocurrency Ether ( ETH-USD) is meanwhile off 7% to $1,798. Disclaimer: Musk's remarks in the past that Tesla's share price was "too high" were followed by similar pullbacks, before the stock skyrocketed to new records. Will it happen again? ( 11 comments)

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From: Eric2/22/2021 9:06:56 AM
1 Recommendation   of 17027
 
Energy

Tesla Megapack battery farm in Moss Landing nearing completion


(Credit: EKMMetering/YouTube)

teslarati.com

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From: Eric2/22/2021 9:42:58 AM
1 Recommendation   of 17027
 
News

Tesla Model S refresh’s large side repeater cameras hint at intense FSD focus







By Simon Alvarez
Posted on February 22, 2021

Just recently, a white Tesla Model S “refresh” vehicle was spotted in Carmel, CA. And while some aspects of the car like its center console and round steering wheel were eye-catching, the flagship sedan’s side repeaters were also noteworthy. This was because of their size, which looked noticeably larger than those used in previous iterations of the Model S.

The images were shared online by Tesla enthusiast Nick George, who was able to take several shots of the refreshed Model S while it was parked. Thanks to this, the EV fan was able to get some of the clearest photos of the new Model S’s exterior and interior, including the vehicle’s steering wheel and ventilated seats. Some inner workings of the Model S’s HVAC system could also be seen.


The Tesla Model S refresh’s interior. (Credit: Nick George/Twitter)


However, what eventually stuck out in the new Model S photos was the size of the side repeaters in the refreshed vehicle. Compared to Tesla’s side repeaters in the outgoing “Raven” Model S, the side repeaters on the refreshed flagship sedan seemed larger. The reasons behind this remain unknown for now, of course, though speculations from the EV community suggest that the new side repeaters could give the Model S refresh a better view of the road.

Tesla’s electric cars are equipped with a suite of cameras that serve multiple purposes, from security-based functions like Sentry Mode and TeslaCam to advanced driver-assist features like Navigate on Autopilot with automatic lane changes. With this in mind, the Model S refresh’s large side repeaters may very well be designed to optimize the vehicle’s Full Self-Driving functions. FSD, after all, is a crucial focus for Tesla today, especially amidst CEO Elon Musk’s aggressive timetables on the technology.







The Model S refresh’s side repeaters compared to the side repeaters on a Raven Model S. (Credit: Nick George and @WIsitlike/Twitter)

One of Tesla’s main goals is to develop and roll out technology that could allow vehicles to drive themselves without human input. To accomplish this, the electric car maker is using data gathered from its ever-growing fleet. Tesla started releasing its FSD beta to a small group of testers late last year, and so far, the reception has been highly positive. With Elon Musk hinting at significant improvements that will be rolled out to the FSD beta in the near future, vehicles like the Model S refresh with its large side repeaters may very well be poised to blend well with the driver-assist software’s more advanced features.

teslarati.com

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From: kidl2/22/2021 4:17:36 PM
   of 17027
 
Tesla down to $711. Down 9% compliments of Musk muddling in stuff he has no business muddling in.

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From: Rocket Red2/22/2021 5:40:37 PM
1 Recommendation   of 17027
 
Musk almost doubled his money in Bitcoin already and has made more money on Bitcoin than selling cars

Smart Move buying Bitcoin

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From: Eric2/23/2021 11:56:24 AM
2 Recommendations   of 17027
 
Energy

Tesla Solar Roof gets Europe and Canada expansion estimate


(Credit: Tesla)

teslarati.com

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To: kidl who wrote (16558)2/23/2021 12:07:49 PM
From: Road Walker
   of 17027
 
I agree about Bitcoin. Might as well take shareholder cash to the race track. But I’m not sure that’s the reason TSLA is down. Gravity is my best explanation. Goes up, goes down, goes up, goes down.

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To: Road Walker who wrote (16561)2/23/2021 12:24:34 PM
From: kidl
   of 17027
 
Correct, Musk’s bitcoin play isn’t the only reason for the pullback but I am sure, it’s a contributing factor.

Just about everything tech / EV / hot money related is getting its wings clipped. A move which was highly overdue.

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To: Rocket Red who wrote (16559)2/23/2021 2:59:47 PM
From: Gib Bogle
   of 17027
 
Yeah, maybe he should get out of the car business now.

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