First of all, Bitcoin is an energy intensive currency. Ordinary currency is a bit energy intensive. Someone needs to design the bill, design the paper, make the special paper, transport it to the Bureau of Engraving and Printing, design and make the various inks and transport them to the Bureau of Engraving and Printing, and, finally, print the fershlugginner money. (breathe)
It takes a bit of energy, but not much per bill and a one dollar bill takes exactly the same amount of energy to print as a hundred dollar bill. They don't even bother to print bigger denominations. Big transactions are done either by check or direct fund transfer.
Bitcoin, on the other hand, takes lots of energy, which costs money. You can't counterfeit Bitcoin. You can "mine" Bitcoin by performing complex calculations, only possible by expending lots of electricity and creating lots of heat with your computer for each Bitcoin you mine.
Actually, lots of money never gets printed, but it's just as real. You get paid by direct deposit. It's just a bunch of ones and zeros in the bank's computer. You pay for stuff with a credit card or debit card. That kind of money is not energy intensive at all.
If you still want to pay by Bitcoin, you can tell that to Tesla. They tell you what the US dollar equivalent price of your car is in Bitcoin, and you have to pay within a specified time. If you end up returning the car a week later, they pay you back in US dollars, not in Bitcoin. So if Bitcoin has become more valuable during the week you had the car, Tesla gets to keep the profit.
If you have a bunch of Bitcoin already and it's way more valuable now than it was when you mined it or bought it, you have to pay tax on the profit when you use it to buy a Tesla. And don't forget, you still need regular money to pay for taxes, tags and insurance on the Tesla.
There's only one group of people for whom it makes sense to buy a Tesla with Bitcoin. That's the ransomware hackers who encode the data on people's computer systems and make them pay a ransom in Bitcoin to get their data decoded. For them, a Tesla is just another thing they can buy with their ill gotten Bitcoin.
For the first time in quite a while, Tesla has increased the price of one of its vehicle offerings. The Model S Long Range and the Model S Plaid have both received a hefty price increase. However, not all is bad - as Tesla also added a new benefit for buyers.
Price Increase
The price increase for the Model S is $5,000 - currently only in the United States. This price increase will likely impact other markets, including Canada, in the coming days.
The Model S Long Range now starts at $79,990, while the Model S Plaid now starts at $94,990. The Model S and Model X now have the same starting price. Interestingly, that’s also the same pricing point for the Cybertruck AWD and Cyberbeast Trimotor non-Foundation Series.
The vehicle configuration does not appear to have changed, so the new pricing is simply an increase rather than the addition or removal of features. Tesla previously cut the price of the Model S and Model X by 15% in 2023, so this could simply be an adjustment to ensure that the vehicle pricing stays in line with inflation and other factors.
Free Lifetime Supercharging
For those on the fence about ordering a Model S, Tesla has brought back Free Lifetime Supercharging when you order a new Model S on or after December 13, 2024. As always, Free Lifetime Supercharging is restricted to the buyer’s Tesla account and to that specific vehicle. It cannot be transferred to another vehicle or another owner after ownership transfer. It’s worth noting, that it also doesn’t exclude the owner from receiving Supercharger idle fees or congestion fees. There is currently no end date for this promotion.
There are currently no changes to the Model X, neither a price increase nor the addition of Lifetime Superchargering. However, when Tesla makes changes to one of their premium vehicles, it usually affects the other one as well. So be on the lookout for potential changes to the Model X offering in the coming days.
We’ve seen Tesla value Lifetime Supercharging at $5,000, so this falls in line with the price increase we’re seeing. It’s possible that Tesla will begin to bring back Lifetime Supercharging as a perk for buying into their more premium Model S and Model X cars, or this could be another temporary promotion to get buyers who are on the fence to go ahead and make their purchase while this promotion lasts.
Tesla recently showed off a demo of Optimus, its humanoid robot, walking around in moderately challenging terrain—not on a flat surface but on dirt and slopes. These things can be difficult for a humanoid robot, especially during the training cycle.
Most interestingly, Milan Kovac, VP of Engineering for Optimus, clarified what it takes to get Optimus to this stage. Let’s break down what he said.
Optimus is Blind
Optimus is getting seriously good at walking now - it can keep its balance over uneven ground - even while walking blind. Tesla is currently using just the sensors, all powered by a neural net running on the embedded computer.
Essentially, Tesla is building Optimus from the ground up, relying on as much additional data as possible while it trains vision. This is similar to how they train FSD on vehicles, using LiDAR rigs to validate the vision system’s accuracy. While Optimus doesn’t have LiDAR, it relies on all those other sensors on board, many of which will likely become simplified as vision takes over as the primary sensor.
Today, Optimus is walking blind, but it’s able to react almost instantly to changes in the terrain underneath it, even if it falls or slips.
What’s Next?
Next up, Tesla AI will be adding vision to Optimus - helping complete the neural net. Remember, Optimus runs on the same overall AI stack as FSD - in fact, Optimus uses an FSD computer and an offshoot of the FSD stack for vision-based tasks.
Milan mentions they’re planning on adding vision to help the robot plan ahead and improve its walking gait. While the zombie shuffle is iconic and a little bit amusing, getting humanoid robots to walk like humans is actually difficult.
There’s plenty more, too - including better responsiveness to velocity and direction commands and learning to fall and stand back up. Falling while protecting yourself to minimize damage is something natural to humans - but not exactly natural to something like a robot. Training it to do so is essential in keeping the robot, the environment around it, and the people it is interacting with safe.
We’re excited to see what’s coming with Optimus next because it is already getting started in some fashion in Tesla’s factories.
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