Tesla will add support for WiFi garage door openers
Christmas is almost here, so Tesla’s holiday update will soon be here. While many are still guessing what may be under the tree in this update, we now have word that Tesla will include support for MyQ accessories.
MyQ lets you control supported garage doors, gates and lights over WiFi. Until now, users could only control MyQ devices from their smartphones, but Tesla is adding support for it to their vehicles.
Tesla Rumors Start Small
The information was shared with us through an anonymous source, but it was also leaked on Twitter. Twitter user @DirtyTesla, who is also the President and Founder of the Tesla Owners Club of Michigan, posted: Looks like MyQ support is coming to Tesla vehicles with software update 2022.44.25 :) I don't have any more detail than that.
If MyQ is indeed included in the holiday update, it will not only allow users to open or close their garage from the screen in the Tesla. MyQ also tells users if the garage is left open, it can control lights, access cameras, lock and unlock doors and use home intercoms. MyQ can also be scheduled to automatically close the garage every night at a certain time. The MyQ system is much more than a garage door opener.
MyQ is Considered the Best Garage Door Control
So why would this be better than HomeLink? That was a question repeated several times. MyQ is WiFi based so you can check in on it anywhere. There is also no need for the antenna. HomeLink is included with the Model S and Model X, but it's a $350 USD add-on for the Model 3 and Y.
Add MyQ Support to Existing Garage Doors
If you have an older garage door opener but still want to get in on MyQ, there is a MyQ device that, according to the company, makes any garage door opener a smart garage door opener. These are available at various retailers including Amazon, for roughly $20.
Tesla's integration of HomeLink into their vehicles is beautifully executed. You can have the vehicle automatically open or close your garage as you approach, never needing to touch a button. The vehicle uses your garage door's location and the vehicle's current position to determine when to open or close your garage door.
It's not clear whether Tesla will similarly integrate MyQ devices, but it certainly would make sense to have the ability to automatically trigger specific devices based on the vehicle's location. It could potentially open your garage door and turn on your hallway lights as you begin driving down your driveway.
Advantages Over HomeLink
MyQ support could have several advantages over HomeLink, besides being included for free. HomeLink currently requires proximity to the device to send the wireless signal, while MyQ could theoretically be executed anywhere in the world that has an internet connection.
HomeLink is also limited to a maximum of three devices, while the limit for MyQ will likely be much higher. However, the last improvement is actually the biggest deal. HomeLink is somewhat of a 'dumb' system, meaning it will send a signal to open/close your garage door, but it doesn't actually know the state of the garage door.
This can sometimes cause issues. For example, if you're arriving home and your garage door is already open, then your vehicle will still send the command to "open" the garage door, which in turn causes it to close.
Since MyQ requires an internet connection, we're not sure whether it'll only work on WiFi or over cellular. In all likelihood, it'll send the signal over cellular if it needs to, but it's not clear whether Tesla will require subscribing to their Premium Connectivity package in order to use it.
Tesla's fourth quarter and 2022 earnings call with investors was mostly good news unless you were planning to drive a Cybertruck soon. While company executives eagerly jumped on every question asked by investors, there was a noticeable pause when a point-blank question was asked about Cybertruck's mid-year production date.
Elon Musk responded "um, we do expect production to start, I don't know, maybe sometime this summer. But I always like to try to downplay the start of production because the start of production is always very slow. It increases exponentially, but it's always very slow at first. So I wouldn't put too much thought in start of production."
Volume Production Next Year
If the millions of people with Cybertruck reservations were in attendance, you might have felt the air leave the room. The previous belief was mass production would start by the end of 2023. There may be some stainless-steel beauties on the road by then, but only a few. "It's kind of when does volume production actually happen, and that's next year," said Musk.
Perhaps sensing some disappointed buyers, Lars Moravy, Tesla's Vice President of Vehicle Engineering added, "(I'd) like just to emphasize on that, we've started installation of all the production equipment here in Giga Texas, castings, general assembly, body shops. We built all our beta vehicles, some more coming still in the next month, but as you said, the ramp will really come 2024."
The Cybertruck Will be Elon's Next Car
Cybertruck was originally announced in 2019 at the memorable event that included the unbreakable armor glass smashing. Musk was wearing the smashed glass Cybertruck t-shirt while taking questions from investors. While the wait continues, he is adamant that it will be worth it, "So it's an incredible product. I can't wait to drive it personally. It will be the car that I drive every day… it's just one of those products that only comes along once in a while, and it's really special."
The original release deadline was set for 2021. However, the production date has been delayed due to unforeseen circumstances, like a global pandemic. Nevertheless, it is a positive sign that beta vehicles have been produced. Images of what appears to be a Cybertruck were leaked a few months ago.
Recently, chief designer Franz von Holzhausen did confirm that the Cybertruck was ready for production, but it's a work in progress. Every Tesla beta product gets thoroughly examined and meticulously reviewed before the next step. But at least it's a step in the right direction.
Tesla set new records in production and deliveries while beating analyst expectations.
Tesla published their Q4 2022 and full-year financial results, setting new records in production and deliveries while beating analyst expectations. Tesla’s annual profit rose to $12.6 billion in 2022, from $5.5 billion in 2021. Annual revenue rose to $81.5 billion, from $53.8 billion the year prior. Tesla reported fourth-quarter revenue of $24.32 billion beating analysts' $24.07 billion estimate. The automaker also reported earnings per share of $1.19 beating analysts' $1.12 estimate.
Tesla’s stock rose more than 5% in after-hours trading following the earnings release and surged more than 10% the next day.
Tesla's Q4 2022 revenue set a new record for the company, up 59% from a year earlier. In addition to automotive revenue of $21.3 billion, Tesla recognized $324 million of deferred revenue from the company’s driver assistance systems.
FSD Beta Numbers
Tesla reported that 90 million miles have now been driven with FSD Beta, up from 58 million miles in the previous quarter. The company also confirmed that they have about 400,000 FSD Beta users in North America, a sizeable increase since the last report. With such a steep increase in miles driven and FSD Beta becoming widely available in North America, Tesla is making significant progress with its autonomous driving software.
In late 2022 and into this year, Tesla began cutting prices on its cars globally. Elon spoke about how recent price cuts have fueled a surge in demand for Tesla: “Thus far in January we’ve seen the strongest orders year-to-date than ever in our history. We’re currently seeing orders of almost twice the rate of production.” He added: “These price changes really make a difference for the average consumer.” Tesla acknowledges that average sales prices have to decrease over time because affordability is part of Tesla's mission to grow into a company that sells multiple millions of cars annually.
Price cuts will impact profitability, but margins should remain healthy, Tesla CFO Zach Kirkhorn affirmed. Tesla has wider operating margins than the industry average, which allows them to make such price cuts.
Elon issued an uncertain forecast for 2023, saying Tesla planned on 1.8 million vehicles for the year without specifying whether that was a target for production or deliveries. If the company were to deliver 1.8 million vehicles in 2023, that would result in 37% annual growth.
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