Tesla’s Musk Says Company Might Launch Hatchback in Europe

Electric-car maker Tesla  (TSLA) – Get Report might explore a new hatchback model in Europe, Chief Executive Elon Musk said on Tuesday, according to multiple media reports.

“Possibly in Europe it would make sense to do, I guess, a compact car, perhaps a hatchback or something like that,” Musk told a European online conference on batteries hosted by the German government, as reported by Reuters.

“In the U.S., the cars tend to be bigger for personal-taste reasons,” he said. “In Europe, (they) tend to be smaller.”

Shares of the Palo Alto, Calif., company at last check were down 1.8% to $545.50.

On Tuesday shares of Tesla reached a market valuation of $500 billion for the first time.

Tesla’s share price has surged in the recent past, driven by its approaching inclusion in the S&P 500 index. Tesla will join the index on Dec. 21. 

Musk has been one

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Tesla’s Chinese Rival Nio To Post Q3 Earnings Today

KEY POINTS

  • Nio’s stock has surged 57% in the last month, 245% over past three months
  • The automaker has already shared strong delivery numbers for Q3
  • Nio will expand in Europe in 2021, to take on Tesla

Wall Street is preparing for the third-quarter earnings of Tesla’s emerging Chinese competitor, Nio (NIO), scheduled on Tuesday after the closing bell, whose trajectory on the bourses this year has shocked investors and consumers alike.

China-based Nio is reporting its results after its EV rivals XPeng and Li Auto posted mixed results last week. Investors are predicting a narrower loss for the automaker, as compared to the same quarter last year, on the back of strong sales of its ES6 model, the 5-seater premium smart electric SUV, which is Nio’s most selling product.

Nio’s stock has surged 57% over the past month and about 245% over the past three months. There is an

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In 2021, Tesla’s Autonomy Tech May Change Skeptics’ Minds (NASDAQ:TSLA)

This week marks the rollout of the blank page rewrite of Tesla’s (TSLA) Full Self-Driving software to a small, exclusive group of non-employee beta testers. This marks the first step for Tesla toward recurring software revenue with high margins. In the very long term, we may see Tesla sell its vehicles at cost or even at a loss, yet become significantly more profitable by charging a subscription fee for Full Self-Driving.

The rewritten software encompasses several fundamental changes versus the software currently running in consumer Teslas:

  • A brand new neural network architecture known as HydraNet that emphasizes multi-task learning, i.e. sharing information between different tasks such as object detection and scene segmentation.

  • A move from humans labeling 2D images by drawing a cube around an object to humans labeling 3D scene re-creations.

  • Changing the atomic unit of data for neural networks from still video frames to video clips, thereby incorporating

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Watch Tesla’s Beta of “Feature Complete Full Self-Driving”

Tesla has released a highly-anticipated update to its autonomous driving software—an update which contains a significant rewrite to fundamental pieces of the software. See the included video to watch the beta in action as customer vehicles autonomously navigate through left-hand turns, roundabouts, and more.

Although Tesla has said the user interface will be updated as the rewrite is finalized, the beta visualization provides a great look at the amount of detail Tesla is able to interpret from their vision-based system.

Screen Shot 2020-10-22 at 6.30.05 PM

The left side of the screen in the image above shows the visualization of Tesla correctly interpreting an entire intersection, including a roundabout and cross-traffic lanes. 

Tesla owner @brandonee916 on Twitter shared some videos of the software in action, as well as some details on his experience. Describing the vehicle handling a left-hand turn, the owner wrote, “it turned on the signal [and] waited for the car and pedestrians… at

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Tesla’s release of new ‘self-driving’ software closely watched by U.S. regulator

(Reuters) – The U.S. auto safety regulator said on Thursday it was closely watching Tesla Inc’s release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks.

Tesla on Tuesday night released a beta, or test version, of what it calls a “Full Self Driving” software upgrade to an undisclosed number of “expert, careful” drivers. The release prompted online posts by excited recipients who shared video snippets of their car driving apparently autonomously on city streets at night.

During a Tesla earnings call on Wednesday, Chief Executive Elon Musk said the latest upgrade was planned to be widely released by the end of this year, with the system becoming more robust as it collected more data.

“NHTSA has been briefed on Tesla’s new feature, which represents an expansion of its existing driver

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Tesla’s new ‘self-driving’ software release closely watched

Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7.

Aly Song | Reuters

The U.S. auto safety regulator on Thursday said it was closely watching Tesla’s release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks.

Tesla on Tuesday night released a beta, or test version, of what it calls a “Full Self Driving” software upgrade to an undisclosed number of “expert, careful” drivers. The release prompted online posts by excited recipients who shared video snippets of their car driving supposedly autonomously on city streets at night.

During a Tesla earnings call on Wednesday, Chief Executive Elon Musk said the latest upgrade was planned to be widely released by the end of this year, with the system becoming more robust as it collected more data.

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