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Tesla's Full Self Driving Expansion and Competitors' EV ...
2024-09-06 09:00:08
Automotive
Technology

Tesla's Full Self Driving Expansion and Competitors' EV Strategy Shifts

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Elon Musk's Tesla gears up to launch its 'Full Self Driving' system in Europe and China in early 2025, despite the need for driver attentiveness. The company's impressive sales of 1.8 million vehicles in 2023 and plans to reduce its staff at Gigafactory Grünheide showcase its growing influence.

While Tesla aims for a $1 trillion+ valuation with its AI technologies and Cybercab robotaxi launch, safety concerns persist. In contrast, traditional automakers like Volvo and Ford are scaling back their electric vehicle ambitions, redirecting focus toward more profitable ventures.

Competition intensifies as Tesla faces challenges from low-cost Chinese manufacturers but remains innovative and poised for growth.

Related news on that topic:

Tesla Plans to Launch Full Self-Driving in Europe and China

Tesla, led by Elon Musk, has announced plans to introduce its self-driving electric car system, 'Full Self Driving,' in Europe and China by early 2025, pending regulatory approval. Tesla's 'Full Self Driving' does not allow fully autonomous driving, and drivers must remain attentive. The company aims to get approval for 'Full Self Driving' in Europe and China by the end of this year. Tesla is also expected to unveil its robotaxi, 'Cybercab,' in October. Despite facing competition from low-cost Chinese manufacturers, Tesla continues to dominate the electric car market, selling 1.8 million vehicles in 2023 and generating significant revenue and profit. However, the company also plans to reduce its workforce, with a massive employee reduction on the horizon. Tesla's move to expand 'Full Self Driving' globally reflects its commitment to advancing self-driving technology and maintaining its position as a leader in the industry.

German Carmakers at Crossroads: Chinese Electric Cars Threaten ... Dominance

German carmakers face a crisis as cheap, state-subsidized Chinese electric vehicles challenge their market position. The shift to e-mobility and photovoltaics hinges on advanced battery technology. Urgent state funding for infrastructure is imperative. Job security is at stake due to slow electrification efforts. Chinese EVs are gaining ground in Latin America, particularly in public transportation, while German luxury cars are losing traction. Technology giants like Huawei are reshaping the industry, signaling a shift in car design and function. Chinese EV makers Xiaomi and XPeng are disrupting the market with competitive models, and Tesla's innovative ecosystem garners attention. Ferrari's strong performance contrasts with declining profits from China.

The press radar on this topic:

The Street
8. September 2024 um 12:05

Tesla stock jumps on FSD roadmap plans with robotaxi launch in focus TheStreet Daily Newsletter

Technology
Finance
Tesla plans to launch its Cybercab robotaxi next month and roll out its Full Self-Driving software globally next year. The company is doubling down on its Dojo supercomputer and sees its AI technologies as key to a $1 trillion+ valuation, with capital spending likely to reach $10 billion. Tesla is also in discussions to license its FSD technology, which could generate $20 billion in annual revenue. However, safety issues have continued to plague the FSD rollouts, and Tesla has made it mandatory..
focus
5. September 2024 um 12:14

“Full Self Driving” - Elon Musk plans to launch self-driving electric car with Tesla in Europe soon

Tesla, the world's most valuable car manufacturer under Elon Musk, plans to introduce its self-driving electric car system "Full Self Driving" in early 2025 in Europe and China, subject to approval. In 2023, Tesla sold 1.8 million vehicles, generating $96.77 billion in revenue and $17.4 billion in profit. Tesla operates a Gigafactory in Grünheide with 12,000 employees, which the company aims to reduce. According to CNBC, Tesla's "Full Self Driving" does not allow fully autonomous driving; driv..
The Street
8. September 2024 um 14:04

Huge automaker is pulling the plug on ambitious EV plans TheStreet Daily Newsletter

Economy
Technology
Environment
Finance
Ford abandoned $1.5 billion electric SUV plans, citing inability to achieve profitability within 12 months; Volvo is scaling back its all-electric ambitions, believing the future is electric but the transition will not be linear.
heise online
6. September 2024 um 05:30

Where Tesla needs to catch up (and will do so) | heise autos

Economy
Technology
Finance
Tesla Model Y was Europe's best-selling electric car in 2023; Model 3 follows in 2nd place; decline in registrations in Germany; abolition of purchase subsidies and weak demand; competition is getting tougher, but Tesla can remain innovative.
CW

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