Tesla vehicles receive constant updates to improve functionality, add features, improve reliability and even add games. Teslas will also send you notifications on your phone when your car alarm goes off, if you left your car unlocked, or if the charge level is critically low.
What is Premium Connectivity?
All Teslas come standard with WiFi and cellular modems. When connecting to WiFi either through your home's network or through a hotspot, most features in your Tesla are free to use. However when utilizing your car's cellular connection some features are limited to Tesla's premium connectivity package.
Cost of Premium Connectivity?
Tesla's Premium Connectivity package currently costs $10/month per car in the US. Cars sold before June 30, 2018 include free premium connectivity.
As of February 2022, Tesla has also added a yearly plan for Premium Connectivity in the US. The price of the annual plan is $99/year. You can subscribe to the monthly or the yearly plan by using the Tesla app. In the Tesla app go to the Upgrades section and then tap Manage. If you currently subscribe to the monthly plan, you can also switch to yearly in this same section.
What is included for free, without Premium Connectivity?
The most important data features are included for free in your Tesla, such as phone notifications, software updates, updated navigation maps and even optimal navigation routing that takes live traffic into account.
What does Premium Connectivity include?
The features that require premium connectivity have mostly to do with entertainment while parked or driving. Keep in mind that all entertainment features are available to you if you're connected to WiFi or a hotspot.
Entertainment features that require premium connectivity include music streaming, such as Slacker and Spotify. It also includes video streaming services while parked such as Netflix, Disney+, YouTube and a few others. Keep in mind that some of those services still require a subscription. For example, YouTube is available for free, but Netflix requires a paid subscription. Tesla's premium connectivity simply lets you use the car's data connection to stream those services.
Additional services included in Premium Connectivity are:
Internet browser - Browse the web to look up restaurants, destinations or other information. It can be used by the passenger while driving.
Caraoke -
Tesla's version of Karaoke which features hundreds of songs and displays the lyrics on the screen.
Satellite view maps -
This displays satellite imagery in your navigation instead of just the terrain view with streets.
Live traffic visualizations - Traffic visualizations will show you which roads are congested and where traffic jams are located.
Feature
Included
WiFi / Hotspot
Premium
Navigation
Phone Notifications
Ability to Use Tesla App
Live Traffic Visualization
Satellite-View Maps
Video Streaming
Caraoke
Music Streaming
Internet Browser
Sentry Mode Live
Can I share my phone's data (hotspot) with my Tesla?
Yes, with software update 2021.24 and later, you can now choose to share your phone's data connection with your Tesla. It'll get you access to most of the features included with premium connectivity such as music streaming, internet browsing and you'll be able to use all of them while driving.
However there are two features that aren't available without Tesla's premium connectivity, even if you're using your phone as a hotspot. They include the live traffic visualization and the satellite imagery in maps.
Those two features aren't included when on WiFi or using a hotspot because they cost Tesla more than just the data to get them to you. Google provides Tesla both of those features for a fee. Tesla is simply including those fees they pay Google in their premium connectivity package price. So Tesla decides to not provide these features unless you're paying for the premium package.
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.
Statista
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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