Tesla's Investor Day 2023 will be "a message of good hope & positivity for the future," according to a tweet from Elon Musk a few weeks ago. The event generates hype among Tesla enthusiasts and investors as they anticipate what the company will reveal.
Cybertruck Insight
At check-in, which begins at 11:00 am CST, lucky ticket holders can take factory tours and "Plaid Demo Rides," which may include the Cybertruck. This futuristic vehicle appeared at the opening of the new Engineering Headquarters last week. A closer look would be advantageous for the company, given the millions of Cybertruck reservations already made. In addition, investors could get a better look at many features of the Cybertruck that are still unknown, such as the design of the user interface and a closer look at Hardware 4.
Investor Day Agenda (All times CST)
11 am: Event Check-In
11 am - 2:45 pm: Factory Tours and Plaid Demo Rides
3:00 pm - 4:30 pm: Keynotes
4:30 pm - 5:30 pm: Q&A
5:30 pm - 7:00 pm: Meet & Greet
Master Plan Part 3
At 3:00 pm, the keynote speeches will take place, during which Musk will unveil his Master Plan Part 3. These plans have served as the roadmap for Tesla, providing insight into the mind of the company's founder. The first plan focused on using the profits from producing an electric sports car to fund a more affordable vehicle, which eventually led to the development of the Model S.
Master Plan Part Deux expanded on this idea, addressing more transportation needs and touching on solar energy, battery storage, full self-driving, and robotaxi. The upcoming Master Plan Part 3 is expected to detail production scaling and introduction of the new, more affordable Tesla and a mini van-type unit.
New Giga-Factory
Tesla also needs to increase its production capacity, and rumors continue to swirl that the next Giga factory could be located in Mexico. There were reports that Musk talked with the president of Mexico for nearly an hour.
Critics with Questions
The question-and-answer portion of the agenda is slated to begin at 4:30 pm. After a tumultuous couple of months, investors may have some pointed questions about the company's future. Many high-profile investors were up in arms as the stock tanked at the end of December, demanding the board of directors step in and control their brash CEO. Musk was, and continues to make waves with his new company, Twitter. The company will also have to answer for its recent struggles with recalls and pausing the rollout of the full self-driving beta to new owners.
Overall, Tesla's Investor Day 2023 promises to be an exciting event, providing a glimpse into the company's future and answering some big questions.
Check back tomorrow, Wednesday, March 1st for a direct feed of the event, which should include the keynotes and Q&A sessions.
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It has been a long wait for FSD for European customers, many of whom paid for the feature years ago on now legacy hardware. While the FSD transfer program has come and gone multiple times, there’s something to be said about having it available in North America, where it can be used, and in Europe or other countries, where it still just remains the same as Enhanced Autopilot (differences between Autopilot, EAP, and FSD).
FSD Transfer is a nice goodwill gesture from Tesla that in theory doesn’t cost them anything. Instead, it keeps customers, especially those who have been waiting for years, loyal and happy. It also incentivizes them to upgrade to a newer Tesla with HW4, where FSD will hopefully be achieved.
In a reply to a post on X, Elon agreed with the suggestion that offering FSD transfers in Europe would be a fair solution for those who have already purchased FSD but can’t use its capabilities.
FSD Transfer directly addresses a growing concern for many long-term European Tesla owners. Thousands of customers purchased the full package, often many years ago, with the expectation that FSD would eventually be capable and approved for use. However, the reality is that FSD, even as an advanced driver assistance system (ADAS), continues to be pushed back in Europe.
Without the transfer program, it's a difficult choice: either throw away your original investment in FSD and pay for the package a second time (FSD price history), or subscribe to it in the future.
Offering FSD transfers is a good way for Tesla to meet them halfway. It's a difficult situation, and one that’s being hindered by processes beyond the control of both the customer and Tesla. However, a transfer helps both parties. Tesla sells another vehicle, and the customer gets to keep FSD.
When Will it Be Available?
Based on how FSD transfers have worked in the past following Elon’s announcements, this feature is likely to become available for a limited time period in the coming days or weeks. If it happens, we should expect an announcement from Tesla Europe on X and emails being sent out to Tesla customers.
Once the program is in place, all you need to do is complete your vehicle purchase and then inform your Tesla sales advisor that you’d like to transfer FSD. You don’t even have to sell or trade in your old Tesla; FSD will simply be removed from it as a feature.
Hopefully, Tesla enables FSD Transfers for everyone, regardless of region. It should be an ongoing offer until at least FSD is approved in the given country or region.
The introductory price for Tesla’s Robotaxi Network has finally been updated. In a post on X, Elon Musk confirmed that the new fare would be rolling out to complement the new Robotaxi geofence expansion.
This change marks the first adjustment to Tesla’s fares since the initial $4.20 launch price 23 days ago. While the price increase may seem significant in terms of percentages, when compared to other options in the ride-hailing area, it is still drastically cheaper.
But the price is now a princely $6.90, as foretold in the prophecy 😂
Robotaxi currently operates on a simple, flat-rate model. The new $6.90 fare gets you a ride to anywhere within the recently expanded geofence.
So far, this is the opposite approach compared to other services, such as Waymo or traditional ride-sharing options like Uber and Lyft. All these services use dynamic pricing based on distance, time of day, and demand. A comparable trip on any one of these services could cost anywhere from $30 to $65, and potentially even higher during peak hours.
That doesn’t even include the tip fees for human drivers either - another win for Robotaxi (can you tip a Robotaxi?).
Even with the adjustment, the flat $6.90 fare remains less than half the price of a typical competing ride, making Robotaxi the most affordable point-to-point transportation option in Austin, aside from mass transit, for now.
A “Maturing” Service
The price change, moving from one meme-worthy number to another, is a sign that Robotaxi is finally graduating from its initial pilot phase. Following the first major expansion of the service area, this adjustment is a logical next step towards finding a more sustainable flat price.
While the new fare is a 65% increase over the old fare, the key takeaway is that it is still far cheaper than other options, and still just as meme-worthy. Tesla is aiming to have its early access riders complete as many rides as possible during these early months, and this pricing is still very reflective of that.
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