Tesla to bring long overdue navigation option to vehicles

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Tesla will bring a new ‘Avoid Highways’ feature to its in-car navigation, according to CEO Elon Musk.

Musk confirmed the feature would be added to vehicles during a livestream on X last night (around the 31:29 mark) when someone in the chat asked if it could be included in a future update.

He said, “Alright, sure.”

Tesla’s in-car navigation is among the most advanced and accurate available. It offers features like live traffic updates and a very user-friendly UI that complements the vehicles’ high-tech features.

(Photo: Tesla)

However, Tesla’s navigation is missing some notable features, especially some features that Apple Maps and Google Maps already offer.

While those third-party navigation apps are able to be used in a Tesla, it seems more logical to use the in-car navigation since it is built in and aids in things like streamlined Supercharging during roadtrips.

The automaker is consistently adding new features to its in-car navigation. Most recently, Tesla added “marks” to identify things like accidents and road closures, which can help drivers avoid unexpected issues during their drive. This is a feature that is prevalent in Waze, Apple Maps, and Google Maps, and makes the driving experience more well-rounded and accurate to real-time conditions.

Musk did not give any details on when the new feature would be added, but it does not seem like it will be too difficult for Tesla’s robust software team to engineer something that could be integrated in the near future.

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 bring ‘Avoid Highways’ feature to navigation





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Elon Musk’s $56B Tesla pay package gets no support from Norway

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Tesla shareholders will again vote on Elon Musk’s $56 billion pay package from 2018 this week. The Norway wealth fund announced it will be voting against Musk’s 2018 pay package. 

Norway’s sovereign wealth fund is estimated to be worth $1.7 trillion and is Tesla’s eighth-biggest shareholder, reported Reuters. The fund’s data shows that it holds 0.98%, or $7.7 billion, of TSLA stock. 

According to the Norges Bank Investment Management (NBIM), which manages the fund, there is some concern over the amount of Elon Musk’s $56 billion pay package. 

The fund acknowledged “the significant value generated under Mr. Musk’s leadership since the grant date in 2018.” However, “we remain concerned about the total size of the award, the structure given performance triggers, dilution, and the lack of mitigation of a key person risk.” 

In April 2024, Tesla filed paperwork so shareholders could approve Elon Musk’s 2018 pay package again. The filing included a letter written by Tesla Chairperson Robyn Denholm, who declared that the Tesla Board disagreed with the Delaware Court’s ruling on Musk’s $56 billion pay package. 

“Elon Musk has not been paid for any of his work for Tesla for the past six years…That strikes us, and the many stockholders from whom we already have heard, as fundamentally unfair,” Denholm wrote. 

At the beginning of 2024, Judge Kathaleen McCormick in the Delaware Court of Chancery voided Elon Musk’s pay package from 2018, which included a maximum value of $56.8 billion and a $2.6 billion grant date fair value. Musk would only be granted maximum value if he hit all the goals in the pay package, which he achieved. 

Billionaire Ron Baron believes Tesla shareholders should honor Elon Musk’s 2018 pay package. 

“When the contract was signed, [Tesla’s] market value was $53 billion. It got as high as a trillion, and it’s now $550 billion. I think in the next ten years, we’ll make 4-5 times our money again in Tesla,” Baron said.

If you have any tips, contact me at maria@teslarati.com or via X @Writer_01001101. 

Elon Musk’s $56B Tesla pay package gets no support from Norway wealth fund





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Tesla launches Powerwall sales in a new European country

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Tesla has launched its Powerwall home battery in another European country this week, this time on the island of Malta.

The Tesla Energy account on X announced the news on Thursday, saying that the Powerwall home battery system had launched in the island country. Buyers in the country may also qualify for a government incentive of up to 7,200 euros (~$7,786) when adding the home battery to a pre-existing solar interface, as Tesla notes in the post.

Although Tesla recently debuted its next-generation Powerwall 3, those in Malta and most other markets around the world are still the last-gen Powerwall 2. Tesla launched the updated Powerwall 3 in the first country outside the U.S. last month, officially debuting the new hardware in Canada.

Tesla didn’t officially launch Powerwall 3 orders until February, though specs had already been listed on the company’s website, and installations were quietly occurring throughout much of last year in the U.S. As of November, Tesla had deployed more than 1 GWh of Powerwall units in Europe, and the company announced in February that it had reached a worldwide total of 600,000 Powerwall installations.

In certain areas, Powerwall and solar energy hardware owners can use the technology as part of Tesla’s pilot programs of what are called Virtual Power Plants (VPPs). A VPP essentially uses several Powerwall owners to create a giant, distributed battery across a large region, letting owners sell stored electricity back to the grid during times of peak demand.

Tesla’s VPPs are currently being piloted in California, Texas, Massachusetts, and a number of other territories within and beyond the U.S.

Sales growth for Tesla’s energy division is expected to outpace that of the company’s automotive business this year, according to statements from Elon Musk made during the company’s Q3 2023 earnings call.

Tesla Energy tops list of best energy storage companies

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Tesla launches Powerwall home battery sales in Malta





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