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Tesla’s latest price reductions lead to record delivery numbers

Tesla has announced it sold 422,875 electric vehicles in the first three months of 2023, setting a new company record and beating Wall Street expectations.

The sales figure represents a 36 percent increase compared to the same period last year and a four percent increase from the previous quarter. Most of Tesla’s sales came from its Model 3 sedan and Model Y crossover, which accounted for 412,180 deliveries. The more expensive Model S sedan and Model X SUV made up the remaining 10,695 deliveries.

Tesla did not disclose how many of its vehicles were produced in which factories, but said it was transitioning to a more balanced regional mix of vehicle builds. The record sales performance comes amid a series of price reductions across its product lineup in various markets, which is likely why the demand for Teslas is increasing exponentially.

Back in January 2023, Tesla reduced the pricing across its range of vehicles, making the Model 3 RWD eligible for $5,000 federal iZEV rebate in Canada. More price cuts followed in March, with the Model S and Model X seeing a reduction in cost.

Tesla’s stock price has also recovered from a slump that saw it drop from over $400 per share in 2021 to around $100 in early 2023. The company’s shares closed at $207.79 on Friday, up more than 100 since the lows.

Tesla is expected to release its full financial results for Q1 2023 on April 19th.

In other Tesla-related news, the company’s long-delayed Cybertruck has been spotted undergoing steering wheel testing. Read more about it here.

Source: Tesla, Via:Electrek

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Tesla Model Y refresh to go into production in 2024

Tesla is reportedly planning a refresh of its popular Model Y, code-named “Juniper,” according to sources familiar with the matter.

The update is said to involve changes to both the exterior and interior of the vehicle, with production scheduled to begin in October 2024, as shared by Reuters, via TeslaNorth.

The report also states that Tesla has requested quotes from multiple suppliers for the new Model Y Juniper. The planned refresh comes as Tesla prepares to launch its Model 3 Highland refresh, which will simplify the interior and exterior builds of the car. It is not entirely certain whether the Model Y Juniper will follow the same simplified design direction as the Model 3 Highland.

Tesla North says that the Model 3 Highland will be manufactured at Tesla’s Shanghai Gigafactory, as soon as November.

Overall, the Model Y Juniper refresh is an exciting development for Tesla. With production scheduled to begin in 2024, there’s still a lot of time to speculate about what new features and improvements the updated vehicle will bring.

Source: Reuters Via: Tesla North

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Tesla to deliver update to fix Full Self-Driving bug

A new Full Self-Driving (FSD) Beta software issue is causing Tesla to recall over 362,000 vehicles in the United States.

According to the National Highway Traffic Safety Administration (NHTSA), the FSD bug “may” cause Tesla vehicles to crash. The NHTSA added that FSD allows Teslas to “exceed speed limits or travel through intersections in an unlawful or unpredictable manner increases the risk of a crash.” The vehicle could drive straight through an intersection while in a turn-only and enter an intersection with a stop sign without coming to a complete stop.

Tesla is expected to release a free over-the-air (OTA) update to fix the issue. Tesla said is not aware of any injuries or deaths that may be related to the recall issue, as reported by Reuters.

Vehicles affected are 2016-2023 Model S, Model X, 2017-2023 Model 3, and 2020-2023 Model Y vehicles equipped with FSD Beta software or pending installation. “The feature could potentially infringe upon local traffic laws or customs while executing certain driving maneuvers,” NHTSA said.

This isn’t the first time Tesla has recalled vehicles with FSD Beta software. Last year, the automaker recalled almost 54,000 US vehicles due to FSD Beta software that could cause “rolling stops,” posing a safety risk. A CPU-related heating issue caused over 130,000 Tesla to be recalled, while a Boombox feature caused over 578,607 Teslas to be recalled in February last year.

It’s worth noting that the recall seems to be limited to U.S. Tesla owners. However, considering that FSD Beta is now available in Canada, it might be that Canadians are affected too. Tesla and NHTSA also emphasize that the FSD’s advanced driving features do not make the cars autonomous, and drivers must remain attentive at all times.

Source: Reuters

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Tesla cuts prices, Model 3 RWD now eligible for $5,000 federal iZEV rebate

Tesla has made a bold move by announcing a global price cut of up to 20 percent on some of its electric vehicles after the automotive company missed Wall Street delivery estimates for 2022 and follows warnings from CEO Elon Musk that the prospect of recession and higher interest rates could eat into company profits, as reported by Reuters.

The latest price cuts apply in Canada, alongside the U.S., Europe, Middle East, and Africa.

Due to the price cuts, the Tesla Model 3 RWD now qualifies for the $5,000 CAD federal iZEV rebate, considering that the vehicle’s price has dropped below the $55,000 CAD limit. Check out the updated Canadian pricing for Tesla vehicles, as shared by TeslaNorth, below:

Model 3

  • RWD: $54,990 (was $61,980; $6,990 drop, -11.3 percent)
  • Performance: $72,990 (was $83,990; $11,000 drop, -13.1 percent)

Model Y

  • Long Range: $69,990 (was $86,990; $17,000 drop, -19.5 percent)
  • Performance: $72,990 (was $83,990; $11,000 drop, -13.1 percent)

Model S

  • Long Range: $122,990 (was $136,990; $14,000 drop, -10.2 percent)
  • Plaid: $149,990 (was $178,590; $28,600 drop, -16 percent)

Model X

  • Long Range: $142,990 (was $157,990; $15,000 drop, -9.5 percent)
  • Plaid: $156,990 (was $185,590; $28,600 drop, -15.4 percent)

Further, the Model 3 and Model Y Midnight Silver Metallic colourway is no longer free. It will now cost you $1,300 CAD extra to secure a vehicle in said colour. Additionally, the cost of the 7-seat option for Model Y has risen by $1,300 and is now priced at $5,300, up from its previous price of $4,000.

It’s worth noting that this comes less than a year after Tesla raised the cost of its vehicles in Canada twice in two months. Read more about it here.

According to a statement given to Reuters by a Tesla Germany spokesperson, “At the end of a turbulent year with interruptions to the supply chain, we have achieved a partial normalization of cost inflation, which gives us the confidence to pass this relief onto our customers.”

It’s also worth noting that despite not beating Wall Street estimates of 431,117 deliveries in Q4 2022, the company did set a record with over 405,000 vehicle deliveries. It is likely that the new price cuts have been put in place to increase demand for the company’s EVs and start 2023 strong.

Source: Reuters, TeslaNorth

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Round steering wheel option now available for Tesla Model X/S

Tesla’s yoke-shaped steering wheel has long been a topic of criticism.

Using the steering wheel isn’t very intuitive for a regular driver, and the time it takes to get used to the oblong shape could lead to a higher risk of accidents.

The yoke steering wheel has proven to be impractical at lower speeds and potentially dangerous in certain driving scenarios, like when trying to regain control on an icy road. While some are worried about the shape of the wheel causing problems, others were concerned about the lack of stalks to choose the drive mode and perform functions like turn signals.

Now, as reported by Electrek, the Model S/X configuration on Tesla’s website was updated on Thursday, January 5th, and it now includes an option for a round steering wheel, alongside the yoke. It’s worth noting that selecting the round steering wheel doesn’t impact the price order the delivery date of the selected vehicle.

Musk has long been a proponent of the yoke, and said that the round steering wheel looks boring and blocks the screen. “FSD in panoramic mode look way better with a yoke,” he said.

Despite Tesla now offering a round steering wheel option for its Model S and Model X, it seems that the control stalks will not be returning with it. Instead, the wheel will feature buttons similar to those on the yoke steering wheel.

Image credit: Tesla

Source: Electrek

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Tesla applies for telecom licenses in Canada

Tesla has filed an application to offer telecom services in its vehicles in Canada.

The American automotive company, co-founded by billionaire Elon Musk, filed for a Basic International Telecommunications Service (BITS) licence with the Canadian Radio-television and Telecommunications Commission (CRTC) on September 15th. Approval would allow the company to become a telecommunications reseller service in Canada.

Tesla’s application says it will provide machine-to-machine cellular data service for in-vehicle infotainment access, internet access, and “mobile terminating SMS to wake up vehicles.”

“Tesla does not, and does not intend to, own or operate transmission facilities in Canada,” the application states.

This is only the latest work Tesla has done to expand its presence in Canada. Last year, the company announced it will bring a manufacturing facility to Markham, Ontario. The company also met with provincial representatives in Ontario earlier this year.

Tesla’s current application is currently open for comments on the CRTC’s website.

Image credit: Shutterstock 

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Minister Champagne in talks with Tesla to establish production in Canada

On Friday, September 2nd, last week, we reported on a few reasons why we believe Tesla might be ready to set up a Gigafactory here in Canada. 

The company is looking to hire ‘high volume’ recruiters in Quebec, something it did in Berlin and Texas before ultimately setting up Gigafactories in those locations.

Additionally, at Tesla’s shareholders’ meeting in July, Tesla CEO Elon Musk said that Canada is a potential location for the company’s next Gigafactory, alongside reports about company employees scouring potential sites in Quebec and Ontario.

Now, as reported by Reuters, there are more reasons to believe that Tesla might actually be ready to set up a Gigafactory in the nation. Canada’s industry and innovation minister François-Philippe Champagne said today, Wednesday, September 7th, that he has been in talks with several automakers, including Tesla, about establishing production in Canada.

“Canada is becoming the green supplier of choice to the auto industry and the aerospace industry, that’s certainly what I’m proposing,” Champagne told reporters, via Reuters. When a reporter questioned Champagne  about Tesla’s plans to set up a Gigafactory in Canada, Champagne said “Yes, I’m talking to them.”

If a Gigafactory was to be set up in Canada, it could generate 5,000 to 10,000 jobs in the nation, and might also result in a slight cost reduction of Tesla vehicles nationwide.

Tesla’s next Gigafactory location is expected to be disclosed by the end of 2022.

Source: Reuters

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Tesla owner implants NFC chip in hand that can unlock his vehicle and more

A Tesla owner has found a way never to lose his car keys, and no, it isn’t feasible for everyone.

Tesla owner Brandon Dalaly had a chip made by a company called VivoKey that can run Java Card apps, including the Tesla app, implanted into the top of his hand, allowing him to unlock and start his vehicle simply with his hand.

Dalaly is part of a 1,000-person beta group that is testing the chip before a wider rollout to the public takes place. According to Dalaly, the chip can also store data, access other app controls, provide OTPs and two-factor authentication, act as a secure cryptocurrency wallet and in the future, even process credit card transactions.  Furthermore, the chip is coated in a biocompatible substance, which prevents the risk of infections.

According to Dalaly, since he was part of a beta testing group, the chip cost him only $300 USD ($388 CAD), and the installer charged $100 USD ($129 CAD) for putting the chip in his arm, not bad for a neat party trick. Learn more about the chip and Dalaly’s experience here.

Image credit: @BrandonDalaly

Source: @BrandonDalaly

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Tesla might be on-track for its best quarter in Q3

On Saturday, July 2nd, Tesla released its Q2, 2022 ‘Vehicle Production & Deliveries‘ results, showing a decline in production and deliveries when compared to Q1.

In the first three months of 2022, Tesla produced over 305,000 vehicles and delivered over 310,000 vehicles. In contrast, in Q2, the company produced over 258,000 vehicles and delivered over 254,000 vehicles. Tesla blamed the decline in production and delivery on setbacks from its factory shutdown in Shanghai. However, despite the setbacks, “June 2022 was the highest vehicle production month in Tesla’s history,” the company said.

The Austin, Texas-based company didn’t mention the number of vehicles produced in June, however, Electrek estimates it to be around the 120,000 mark. If Tesla keeps the production number this high, It can easily achieve its best quarter in regards to production in Q3, with its Berlin and Austin factories carrying the most weight.

In other Tesla-related news, the company raised its vehicle cost twice in the past three months. Read more about it below:

Source: Tesla

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Petro Canada more than doubles its EV charging rates in QC

Petro Canada in Quebec has increased its electric vehicle (EV) charging rates by 125 percent, as reported by TeslaNorth.

Rates at Petro Canada locations in Quebec have been increased to $0.45/minute, up from $0.20/minute. According to TeslaNorth, the change in rates only appears to be limited to Quebec, and reportedly took place on June 1st.

The following are the current Petro-Canada EV charging rates across the nation:

  • Alberta – $0.33 per minute
  • British Columbia – $0.27 per minute
  • Manitoba – $0.33 per minute
  • New Brunswick – $0.25 per minute
  • Newfoundland and Labrador – time-based billing
  • Northwest Territories – time-based billing
  • Nova Scotia – $0.25 per minute
  • Nunavut – time-based billing
  • Ontario – $0.33 per minute
  • Prince Edward Island – time-based billing
  • Quebec – $0.45 per minute
  • Saskatchewan – $0.33 per minute
  • Yukon – time-based billing

New Brunswick and Nova Scotia residents pay the least to juice up their vehicles, whereas Quebec residents, clearly, are paying much more than the rest of the nation.

In other EV charger-related news, FLO and Hydro-Québec will install 7,500 Level 2 chargers in Quebec between 2022 and 2026. Read more about it here.

Source: TeslaNorth