Tesla sends out invites to Robotaxi Event: Here’s the details

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Tesla is sending out the invitations to its Robotaxi Event at Warner Bros. Studios in Burbank, Los Angeles, scheduled for October 10.

Tesla started sending out invitations on Wednesday just after 5 p.m. EDT, with the title “We, Robot,” as it will show off its fully autonomous vehicle platform in about two weeks.

The event was scheduled originally for August 8, but Tesla delayed the event as CEO Elon Musk requested a design change to the vehicle. He said he wanted to show off a few other things as well.

Tesla says you have to be 21 years old to enter the event, and space is limited.

Robotaxi Event from Analyst Perspective

Here’s what some analysts have said about the Robotaxi Event:

Dan Ives of Wedbush said:

“While the knee-jerk reaction will clearly be negative on a delay of August 8th based on this report that just hit, we believe the timing of robotaxis, partnerships, and the ultimate autonomous and AI-driven technology does not change at all for our bullish Tesla thesis. To some extent, we believe this 2-month delay could just make the actual Robotaxi event and prototypes even better.”

Mark Delaney of Goldman Sachs said:

“Whether Tesla provides more details or unveils the new lower-cost model at the 10/10 event has also been a frequent topic in our investor discussions.”

Ben Kallo of Baird said:

“We see the launch of a lower-priced vehicle as a positive for volume estimates in 2025, however, we note that switching production to enable a new vehicle would likely come with some factory downtime, which may create lumpiness in deliveries.”

Adam Jonas of Morgan Stanley said:

“Heading into Tesla’s 10/10 robotaxi event, we are, frankly, struggling to see how the day can live up to investors’ high expectations. Other than demonstrating FSD v12.5 and offering rides in a Gen 1 ‘Cybertcab,’ what else is in store?”

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 sends out invites to Robotaxi Event: Here’s the details





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Tesla Q3 deliveries expected to rise 8% YOY: Barclays

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Barclays expects Tesla’s Q3 deliveries to rise 8% year-over-year (YOY). The firm predicts Tesla will report delivering 470,000 electric vehicles (EVs)in the third quarter, more than the consensus estimate of 461,000. 

In the first quarter, Tesla reported delivering a total of 386,810 units. Meanwhile, Tesla delivered approximately 443,956 vehicles in the second quarter.

In a recently released note, Barclays states that Tesla beating the consensus estimate could strengthen TSLA stock and remind investors of “dissipated concerns on fundamentals.” The firm believes that Tesla’s China sales will significantly contribute to the company’s third-quarter deliveries.

Tesla China has reported high domestic sales records over the last few weeks. In August, data from the China Passenger Car Association (CPCA) revealed that Tesla sold 86,697 vehicles domestically in August, its highest sales in 2024. 

September is also shaping into a strong month for Tesla China. In the week ending on September 8, 2024, Tesla registrations hinted that the company sold 16,200 units. The week between September 9-15, 2024, Tesla registrations dipped around 3.7% with 15,600 registrations.

Registrations only provide a hint into Tesla China weekly sales. The company does not provide weekly sales figures.

If you have any tips, contact me at maria@teslarati.com or via X @Writer_0100110.

Tesla Q3 deliveries expected to rise 8% YOY: Barclays





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Tesla listed among ‘most egregious underminers of democracy’ by union group

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Tesla is among several companies listed as “the most egregious underminers of democracy,” the International Trade Union Confederation said.

The ITUC released a new report that names seven companies that “maintains inequalities and impunity for bad-faith actors, finances far-right political operatives, and values private profit over public and planetary good.”

It is interesting to put Tesla in the category of putting profits over “planetary good.”

Nevertheless, the ITUC’s report aims to identify companies that embody corporations’ influence on democracy:

“These companies have platformed or financed far-right and authoritarian political forces and are subject to active complaints and campaigns by unions and social movements around the world.”

The companies are:

  1. Amazon
  2. Blackstone Group
  3. ExxonMobil
  4. Glencore
  5. Meta
  6. Tesla
  7. The Vanguard Group

The report continues:

“While these seven corporations are among the most egregious underminers of democracy, they are hardly alone. Whether state-owned enterprises in China, Russia, and Saudi Arabia, private sector military contractors, or regulation-busting tech startups, the ITUC and its partners will continue to identify and track corporate underminers of democracy and their links to the far-right.”

More of the site details Tesla and its reputation as “one of the most belligerent employers.”

The report claims Tesla has “aggressively violated” the right to form unions in the United States, Germany, and Sweden. CEO Elon Musk has offered the United Auto Workers union the right to hold a union vote in Tesla’s Fremont Factory.

The UAW has not taken up this offer.

As far as the Sweden situation, there have been numerous solidarity strikes. But some workers in the region have said they would not be interested in being involved in a union.

Tesla Sweden strikes ease as IF Metall lets most repairs continue

One employee, a Tesla technician, said:

“If I hadn’t liked my job, if it had been as toxic as they [IF Metall] describe, then I would have changed jobs.”

Of course, this one quote does not encapsulate the beliefs of all employees.

It should also be noted that an appeals court ruled against the National Labor Relations Board (NLRB) in a hearing last year after the organization claimed Tesla violated the rights of factory workers by not allowing them to wear pro-union t-shirts.

Tesla claimed it was a safety issue, and the court ruled in favor of the automaker.

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 listed among ‘most egregious underminers of democracy’ by union group





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