Wed. Oct 4th, 2023
    Tesla Hits Milestones with Five Millionth Vehicle and 50,000th Supercharger

    Tesla has achieved two major milestones in its journey towards sustainability and electric vehicle adoption. The company recently announced the production of its five millionth vehicle, a pearl white Model 3, from its Shanghai Gigafactory. This significant achievement reflects Tesla’s exponential growth and highlights its commitment to a greener future. Additionally, Tesla celebrated the installation of its 50,000th Supercharger, a network of convenient and rapid charging solutions worldwide. The Supercharger network plays a crucial role in facilitating widespread electric vehicle use and demonstrates Tesla’s dedication to supporting sustainable transportation.

    In another move to engage with its customers, Tesla is offering factory tours in Fremont, California, and Austin, Texas, as part of its referral program. Tesla enthusiasts can now get an insider’s view of the production facilities that have revolutionized the automotive industry. However, attendees must cover their travel and accommodation expenses, and the company maintains a strict no-media policy during the tours. Despite moving away from complimentary factory tours, Tesla aims to strengthen its relationship with customers and encourage more referrals.

    Looking ahead, Tesla is gearing up for the highly anticipated launch of the Cybertruck. With over 2 million unofficial pre-orders, industry analysts predict that the company’s production pace could lead to the creation of six million Tesla vehicles by early 2024. As Tesla continues to innovate and expand, these milestones mark significant progress towards a more sustainable transportation future.

    – Article: Kevin Armstrong, September 18, 2023
    – Tesla Weibo account
    – Tesla Owners of Silicon Valley
    – Tesla website

    Tesla Introduces Improvements to Reverse Camera and Camera Clarity

    Tesla has quietly rolled out updates to its vehicle software, bringing improvements to the reverse camera and camera clarity. With the latest update, the rear camera view now crops the video feed to eliminate distractions, providing a clearer and more centralized perspective of the environment behind the vehicle. This adjustment enhances safety and precision when reversing.

    In addition to the reverse camera improvement, Tesla has enhanced the video post-processing for improved white and color balance in the camera feeds. This enhancement results in a more natural-looking video display during live view and when using features like Sentry Mode or the Dashcam.

    Interestingly, previewing each camera feed under Controls > Service still shows the unaltered feeds, including the repeater cameras that have also been cropped to remove the vehicle’s side-mirrors in the blind spot camera feature.

    These updates showcase Tesla’s meticulous attention to detail and commitment to continuously improving its vehicles. As the company leads the electric vehicle market, it continues to refine its offerings and make small tweaks to enhance the driving experience.

    – Article: Kevin Armstrong, September 18, 2023

    Tesla Initiates $1.8 Billion Securitization of Electric Vehicle Leases

    Tesla is embarking on its largest lease securitization project to date, aiming to secure $1.8 billion from the securitization of its electric vehicle leases. Securitization involves bundling together multiple car leases and selling them as bonds to investors, allowing Tesla to receive a significant sum of money upfront instead of waiting for lease payments over time.

    This financing strategy serves as a means for Tesla to access capital and fuel its growth plans. By leveraging the value of its electric vehicle leases, Tesla can fund future endeavors and continue advancing its production capabilities.

    This step comes at a time when rumors of new production advancements are circulating, suggesting that Tesla may be preparing to make further investments in its operations. With ongoing innovation and expansion, Tesla aims to solidify its position as a leader in the electric vehicle market and drive the transition towards sustainable transportation.

    – Article: Kevin Armstrong, September 16, 2023