Elon Musk sheds light on Tesla Cybertruck accelerator issue

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Elon Musk has provided some insight on the Tesla Cybertruck’s accelerator issue, which resulted in the all-electric pickup truck’s deliveries being paused. As per Musk, the delivery pause on the vehicle was done with caution in mind. 

Resent observations from Tesla customers have indicated that the electric vehicle maker temporarily stopped Cybertruck deliveries due to an issue with the all-electric pickup truck’s accelerator pedal. Videos and photos shared by owners of the vehicle on social media suggested that the metal plate on top of the Cybertruck’s accelerator could slide up and get wedged between the pedal and the plastic bulkhead, resulting in the pedal being pressed. 

As noted in a report from The Drive, drivers who experience the issue could simply hold the brake pedal to stop their Cybertruck, but the vehicle may still move when the brake is depressed. Needless to say, the issue could adversely affect the vehicle’s safe operation, so it was no surprise that Tesla paused the vehicle’s deliveries until a fix is available. This fix, if recent social media posts are any indication, seems to be getting rolled out now. 

Tesla Cybertruck customers on social media platform X have observed that deliveries are now resuming for the all-electric pickup truck. VINs are reportedly being assigned, delivery dates are reportedly being updated, and some customers are reportedly receiving updates for their orders. Amidst news of this update, Tesla CEO Elon Musk shared some thoughts on the Cybertruck’s accelerator issue. 

“There were no injuries or accidents because of this. We are just being very cautious,” Musk wrote in his post. 

Tesla’s focus on the Cybertruck’s safety could pay off well for the company. Cybertruck critics, after all, have continued to persistently argue that the Cybertruck is extremely unsafe for both its occupants and other vehicles on the road. By focusing on the vehicle’s safety and preemptively fixing issues as they are reported, Tesla could ensure that the Cybertruck follows in the footsteps of its stablemates, all of which have proven to be among the safest cars in their class. 

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Elon Musk sheds light on Tesla Cybertruck accelerator issue





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Tesla stockpiled batteries from LG Energy Solution in Q1: report

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Tesla’s results for the first quarter of 2024 were not the best. While the company was able to produce over 433,000 vehicles and deliver approximately 387,000 vehicles in Q1 2024, the numbers represented an 8.5% year-over-year decline in deliveries. Despite these numbers, it appears that Tesla had no intention of scaling back its acquisition of batteries from its suppliers during the quarter. 

As per a report from South Korean publication New Daily Economy, Tesla aggressively purchased batteries from LG Energy Solution in Q1. Tesla reportedly bought such a large volume of batteries from the South Korean supplier that the company’s sales increased by 30% quarter-over-quarter. 

Kwon Jun-su, an analyst at Kiwoom Securities, his insight on the matter. “Due to Tesla’s inventory restocking, LG Energy Solution’s sales of small cylindrical batteries increased by about 30% compared to the previous quarter,” Kwon noted. 

Joo Min-woo, an analyst at NH Investment & Securities, shared the same sentiments. “There was inventory accumulation centered on Tesla in the first quarter, and inventory accumulation by more diverse customers such as GM, Hyundai Motors, and Renault is expected from the second quarter,” the analyst noted. 

As noted by the South Korean publication, Tesla’s efforts to stockpile large numbers of batteries in Q1 may be a sign that the company is looking to secure batteries whose prices are low before the unveiling of its dedicated Robotaxi on August 8, 2024. The Robotaxi is expected to be a high-volume car, so having a stockpile of batteries for the vehicle’s prototypes and trial production would be beneficial for the company. 

Previous reports have indicated that LG Energy Solution supplies nickel manganese cobalt (NMC) battery cells to Giga Shanghai for the plant’s higher-tier vehicles. CATL’s lithium iron phosphate (LFP) cells, on the other hand, are reportedly used for Giga Shanghai’s base Model 3 and Model Y Rear Wheel Drive (RWD). 

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Tesla stockpiled batteries from LG Energy Solution in Q1: report





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Tesla to announce investment of up to $3bn in India next week

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Tesla is going to announce an investment of up to $3 billion next week in India during his planned visit with Prime Minister Narendra Modi, reports indicate.

Tesla has been working to establish a professional relationship with India for several years, hoping to bring its vehicles to the country on a larger scale.

However, Tesla and India have both had requests that the other party simply could not agree to: Tesla requested lower import duties so it could test demand, while India was only willing to do this with a commitment from Tesla to build a factory.

The plans to work together stagnated over the past few years, but rumors have continued to swirl. Last year, CEO Elon Musk met with Modi in New York City to discuss a partnership, and Musk seemed more enthused than ever.

“I am confident that Tesla will be in India and will do so as soon as humanly possible,” Musk said during an interview after their meeting.

Earlier this month, it was reported that Musk and Modi would finally meet in India to finalize a deal. It appears that is exactly what will happen.

Tesla CEO Elon Musk’s India visit scheduled for April 21-22: report

Sources close to the situation told Reuters that Musk and Tesla will announce an investment of between $2 billion and $3 billion. The report states that most of the investment will be spent on building a new factory.

Electric vehicles are in short supply in India, and demand is not much better. Just 2 percent of total car sales last year were made up of EVs, and Tesla’s vehicles could be the answer to more widespread adoption.

However, it is unclear what Tesla’s short-term plans are for the market. It is still working to begin more concerted construction efforts at its planned factory in Mexico.

Additionally, it terminated over 14,000 workers this week, and in a filing with the SEC, the company said more than 10 percent of its total employee headcount was being reduced.

Tesla has taken steps in the past to push its efforts in India forward. It created a team of executives to handle its entrance into the market and has already made plans to ship cars from its Berlin Gigafactory to India to test demand.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com. 

Tesla to announce investment of up to $3bn in India next week





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