Elon Musk says Tesla is making progress on its Steam integration
Tesla CEO Elon Musk says that the company is getting closer to integrating Valve's Steam gaming platform into its in-car gaming console. This integration would result in a huge array of video games inside Tesla vehicles.
Elon says that Tesla is making progress on Steam integration and the automaker is aiming for a demonstration next month.
Coincidently Tesla has its AI Day 2 event scheduled for September 30th, which was pushed back from its original August 19th date. Tesla plans to show off its humanoid robot among other "many cool updates." This may be a good time for Tesla to share its progress on Stream integration as well.
We’re making progress with Steam integration. Demo probably next month.
Tesla's current in-car gaming adds a lot of value to the Tesla ownership experience, but the automaker has bigger plans for gaming inside its vehicles.
Elon recently stated that “entertainment will be critical when cars drive themselves,” which he believes Tesla can achieve later this year.
In addition to Steam integration, Tesla offers video games inside its vehicles through "Tesla Arcade", which could eventually compete with other gaming platforms such as Apple's AppStore, the Playstation Store, or the Xbox Marketplace.
The new Model S and Model X feature a new gaming computer that is capable of 10 teraflops of processing power, enabling in-car gaming on par with today’s newest consoles.
The new gaming system is integrated and connects to both the front and rear screens inside the Model S and Model X.
The website videocardz compared Tesla's specs with next-gen consoles, showing that at least spec-wise, Tesla's gaming platform in the Model S and X is on-par with the latest generation of gaming consoles.
Tesla owners are excited about the potential for Steam integration coming to their cars soon. While this has been an exciting development, according to Tesla hacker @GreenTheOnly, only the new Model S and X feature the discrete AMD GPU that provides "next-gen" level graphics.
MCU 3-based Model 3 and Model Y vehicles do not include the discrete GPU, which means that some games may be exclusive to the Model S or X.
It's not clear whether Steam integration will be available for MCU 2 vehicles, although Tesla has a history of creating software that supports as many of their cars as possible.
Tesla still occasionally updates their original 2012 Model S vehicles with UI improvements and new features.
Tesla previously highlighted high-end games such as The Witcher and Cyberpunk 2077. We should know more soon.
GPU comparison in the Model S/X to the latest video game consoles
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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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