Elon Musk

Over a year after Elon Musk first announced in his now famous “All Our Patent Are Belong To You” blog post that Tesla will be open-sourcing all its patents. We now have the first confirmation that some automakers have actually taken Tesla on the offer.

During an interview with Ron Baron last Friday, Tesla CEO Elon Musk very briefly mentioned for the first time that he believes companies are now using Tesla’s patents:

“I think actually there are a number of companies using our patents.”

Musk’s comment was in response to Baron asking why companies are not taking advantage of Tesla’s technology considering it is “free” and that the company is achieving higher safety and emission standard than the competition.
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Tesla recently reported its third quarter financial results and the company disclosed delivery guidance for 2016. Tesla expects to produce and deliver between 1,600 and 1,800 vehicles per week on average next year – meaning a yearly total of 83,200 to 93,600 units. If the company can achieve the higher end of its guidance, it would deliver more cars in a year than it did since the company was founded in 2003.

The automaker delivered 11,603 cars from July through September, which made the last quarter its best to date, but the company is aiming to significantly increase production this quarter in order to deliver between 17,000 to 19,000 units during the last three months of year.
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Adam Jonas, a Managing Director at Morgan Stanley covering Tesla Motors and the automotive industry, is nothing if not persistent. During Tesla’s recent conference call to discuss third quarter financial results, the analyst again asked Tesla CEO Elon Musk about the possibility for the company to join the likes of Uber and Lyft in the ride-sharing industry.

Jonas first brought up the idea at Tesla’s last quarterly conference call after comments made by Tesla board member Steve Juvertson about Uber CEO Travis Kalanick potentially wanting to buy 500,000 autonomous Teslas by the end of the decade. First time around earlier this year, Jonas got a firm “no comment” from Musk, but nonetheless the CEO called his question “insightful” at the time. The second time around during this week’s call, Jonas pushed the question again and although Musk’s first reaction was not to comment, which is rare for the CEO, he implied that an announcement could be coming.
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Tesla Motors announced the renewal of its $1,000 referral program for the Model S for 2 more months after the end of the first trial period on October 31. It’s fair to say that the program was a success with a single Model S owner selling 100 cars in only 3 months and hundreds of top referrers selling several thousand vehicles.

The company introduced a few new prizes for top referrers including free Ludicrous P90D Model S’s and invitations to the unveiling of the Model 3 expected in late March 2016.
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During the conference call discussing the company’s third quarter financial results yesterday, Tesla CEO Elon Musk was asked about the company’s recurring problems with the drive units of the Model S. Musk assured investors that the drive units being installed in the vehicles right now or “excellent” and he even stated that the company changed its endurance goal for the motors from being able to handle 200,000 miles to now 1 million miles.
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Tesla CEO Elon Musk held a conference call today to discuss the company’s third quarter financial results with analysts. During the call, Musk commented on the recent release of the Autopilot and the technology going forward. When asked how he sees the market with full autonomous driving and manual driving vehicles, the CEO said that once self-driving cars are being produced, non-autonomous cars will have a “negative value” and be the equivalent of owning a horse – meaning it would be for “sentimental reasons”.
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Tesla is set to release its third quarter 2015 financial results today at market close. Management will hold a conference call with Q&A at 2:30pm Pacific Time (5:30pm Eastern Time). You can join on the call through Tesla’s website and join us below the break for live updates:
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Tesla is set to release its third quarter 2015 financial results later today, but we are already looking at the fourth quarter as registration data are coming in from some European markets. Tesla will need an impressive fourth quarter to achieve its 2015 guidance and it might get it from what we are seeing so far.

The company expects to deliver between 50,000 and 55,000 vehicles in 2015 and with the current official year-to-date total of 33,157 units, Tesla needs to deliver a record-breaking ~17,000 units in the last 3 months of the year to achieve the low-end of its own guidance. It would represent a ~73% increase over the fourth quarter last year.
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Tesla sent out an email this weekend to Model S owners on the waiting list for a retrofit of their Performance Dual Motor Model S to enable the ‘Ludicrous’ mode. In the email, Tesla explained that due to parts and process improvements, the company is now able to offer the upgrade at a reduced price of $5,000 instead of the previously announced $7,500.

The Ludicrous upgrade consists of two improvements to the electronics of the Model S’ battery pack. The first improvement is the replacement of a standard fuse to an “advanced smart fuse” which enables the monitoring of current to the millisecond, and makes it possible to cut the power with “extreme precision”.
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Mobileye is a relatively small Israel-based tech company, but it is rapidly positioning itself as a major hardware and software supplier for the implementation of driver assist and autonomous driving features. In a recent presentation at Citi’s 2015 Global Technology Conference, CEO Ziv Aviram claimed that 90% of automakers are using their products.

Mobileye is also a supplier for Tesla’s recently released Autopilot and during the same presentation, the CEO hinted at the company’s potential next generation hardware suite that could allow for a wider range of autonomous features and maybe even complete self-driving.
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Tesla is set to release its third quarter 2015 financial results tomorrow. The company already confirmed record deliveries of 11,580 cars globally from July to September and it marked the very first quarter with deliveries of two different models: the Tesla Model S and Model X.

The Model S remains Tesla’s main source of revenue – meaning there shouldn’t be too much of a surprise on the revenue side, but let’s take a look at what to expect in numbers:
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During the press conference for the release of the Autopilot, Tesla CEO Elon Musk referred to each Model S owners as an “expert trainer” – meaning that each driver will train the autonomous features of the system to feed the collective network intelligence of the fleet by simply driving the electric vehicle on Autopilot.

He said that the system should improve every day, but that improvements might only become noticeable every week or so by adding up. Just a few weeks after the release, Model S owners are already taking to the Tesla Motors Club forum to describe how the Autopilot is improving…
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After mostly flat sales during the first half of the year, Tesla experienced a 52% quarterly increased between the second quarter and the third ended in September by delivering 1,345 Model S units for a total of 3,025 so far in 2015. Tesla rarely discloses sales by segment, but CEO Elon Musk made an exception during a recent visit in China and later Tesla spokesperson Gary Tao confirmed the numbers.
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NVIDIA CEO Jen-Hsun Huang announced that he took delivery of a rare Tesla Model X P90D, presumably a ‘Founder Series’ since Signature Model X reservation holders have yet to be assigned a delivery date.
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DreamWorks Animation CEO Jeffrey Katzenberg, a Tesla Model S owner, had a car accident in Beverly Hills on Oct. 19. Little is known about the actual accident, but it was severe enough to break Katzenberg’s wrist, which required a surgery followed by a stay at the hospital.

Apparently the accident could have been much worse because Katzenberg felt the need to thank Elon Musk, Tesla’s CEO, for his car might have “saved his life.
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The so-called “poaching war” for top automotive engineering talent between Tesla and Apple gathered quite a few headlines in the past months, especially after Tesla CEO Elon Musk called the Cupertino company the “Tesla Graveyard” for hiring people he claimed were “fired” by the company. But after looking closer into the recent hires between the two companies, it looks like Tesla has little to fear from Apple’s recruiting effort, at least if we compare it to Faraday Future’s.

Faraday Future took a small step out of ‘stealth mode’ earlier this summer to announce that it is looking for a location for a manufacturing facility to build an electric vehicle. In the months since, the 1-year old startup ramped up its hiring effort and now has over 400 employees with an impressive percentage coming from Tesla.
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On Thursday, California’s Air Resources Board had a meeting and status update on the state’s ‘Zero Emission Vehicle’ (ZEV) program where industry actors expressed their views on the clean vehicle market and the ZEV credit mandate. During a presentation to the board, Tesla’s Vice President of Business Development Diarmuid O’Connell argued that lobbying efforts from automakers effectively delayed fuel economy in the U.S. by about 20 years.

He added that the automotive industry used similar lobbying tactics to delay the commercialization of Zero Emission Vehicles. He said the effort delayed the state of California’s initial 1998 goal of 2% market penetration by 16 years – Zero Emission vehicles only reached 2% of the market in 2014.
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As expected, Tesla started releasing its Autopilot software update to European and Asian markets on Friday, except Japan which is still under review, after gaining regulatory approval. While announcing the worldwide rollout on Twitter, Tesla CEO Elon Musk already announced ‘Autopilot 1.01’ to improve the system’s autonomous features.
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Tesla CEO Elon Musk is in China this week to personally oversee the release of the Autopilot in the country. Speaking at the Tsinghua University earlier today, he said that the company will have production capacity in the country within 2 years according to a Chinese report. The timeline matches the company’s planned release of its mass market $35,000 car, the Model 3.
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Tesla released its Autopilot software last week to North American Model S owners, but the company said that regulatory approvals were holding back the release in Europe. This morning CEO Elon Musk took to Twitter to say that the company is hoping for an European release on Friday October 23.
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As is usual with Elon Musk’s Twitter habits, the Tesla CEO has come out this afternoon to tweet a series of interesting tidbits, including — most notably — a rebuttal of Consumer Reports’ recent report regarding Model S reliability issues. The CEO also mentioned that a big UI update is coming in version 7.1 of the cars’ software, announced plans to enter Middle Eastern markets as well as Mexico, and — of course — threw in a few jokes for good measure…
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