00:00:00
if you own a Tesla and are looking to
00:00:01
sell it soon the news we will share
00:00:03
today might mean that today is the right
00:00:06
moment to sell today we're diving into
00:00:09
the latest Tesla news covering updates
00:00:11
to automatic emergency breaking the
00:00:13
discontinuation of the model S and model
00:00:16
X in certain markets new power wall
00:00:18
programs and of course what this all
00:00:21
means for Tesla vehicle owners so let's
00:00:23
get into it this is exciting but first
00:00:26
things first make sure you give this
00:00:28
video a like and do subscribe to Tesla
00:00:31
stock news first up Tesla is making
00:00:33
improvements to one of their best
00:00:35
autopilot safety features automatic
00:00:37
emergency braking while this feature is
00:00:39
already standard in many cars and helps
00:00:42
prevent accidents Tesla is taking it
00:00:44
even further in software version 2020
00:00:47
312 the update includes a distance
00:00:50
detection feature that works not only in
00:00:52
front of the car but also in Reverse
00:00:55
helping to reduce the impact of frontal
00:00:57
and reverse collisions this is a big
00:01:00
change that most Tesla owners will
00:01:02
appreciate it's worth noting that the
00:01:04
feature is always enabled when starting
00:01:06
the car but can be disabled in the
00:01:08
controls menu if needed moving on to
00:01:11
Australia Tesla has discontinued sales
00:01:13
of the model S and model X in the
00:01:15
country prospective buyers can no longer
00:01:18
Place orders for these cars and the
00:01:20
design studio is no longer operational
00:01:23
right-hand Drive models are still being
00:01:25
sold in the UK but there haven't been
00:01:27
any deliveries of the refreshed models
00:01:29
to Australia Australia since the end of
00:01:31
2020 Also let's talk about the Cyber Tru
00:01:34
during Tesla's q1 2023 earnings call
00:01:38
Elon Musk confirmed that the Cyber truck
00:01:40
is still on track to begin production
00:01:42
later this year at jiga Texas we also
00:01:45
got a glimpse of some new photos of the
00:01:47
pilot line tooling and winter testing
00:01:50
musk stated that they plan to have a
00:01:52
cyber truck delivery event around
00:01:54
September of this year it's exciting to
00:01:56
see the progress on this highly
00:01:58
anticipated vehicle and we can't wait to
00:02:00
see it hit the road these updates show
00:02:03
that Tesla is always working to improve
00:02:05
their vehicles and features whether it's
00:02:08
updates to safety features or new
00:02:09
vehicle models Tesla continues to push
00:02:12
the boundaries of what's possible in the
00:02:14
automotive industry exciting news has
00:02:17
also surfaced recently with sightings of
00:02:19
a new Tesla vehicle near firmont new
00:02:22
photos of the vehicle were taken from
00:02:24
different angles shedding light on some
00:02:26
of its unique features the massive
00:02:29
windshield WIP is a permanent fixture
00:02:31
that stands out and a bystander can be
00:02:33
seen admiring the impressive size of the
00:02:35
truck contrary to rumors that Tesla may
00:02:38
have changed the car's Dimensions close
00:02:40
to production it's highly unlikely given
00:02:43
the company's reputation for maintaining
00:02:45
consistency in other Tesla news the
00:02:48
company's inventory has been increasing
00:02:50
in recent months which may pose a
00:02:52
challenge Tesla tries to adjust pricing
00:02:54
to match production rates but it's not
00:02:57
always a perfect science recently the
00:02:59
company has been accused of starting a
00:03:01
price War by making significant price
00:03:03
Cuts despite this Tesla's inventory
00:03:07
reached an alltime high in the US with
00:03:09
15 days worth of inventory reported at
00:03:12
the end of the last quarter however it's
00:03:15
worth noting that this trend may not be
00:03:17
indicative of the entire situation Tesla
00:03:20
may be deploying more inventory in the
00:03:22
US during a short period ahead of
00:03:24
switching production to other markets
00:03:27
moreover the data set is limited to the
00:03:29
Past 6 months and the changes may look
00:03:32
more drastic than they are in reality
00:03:34
despite this the price Cuts seem to be
00:03:37
working for the model y with inventory
00:03:39
cut in half to 300 units following the
00:03:41
last two price cuts it makes sense that
00:03:44
many people were hesitant to purchase
00:03:46
the car till the base price went Below
00:03:49
$47,000 on the other hand Tesla may need
00:03:52
to consider another price cut for its
00:03:53
other vehicles especially the model X
00:03:56
given the inventory growth Tesla has
00:03:59
been deploying various strategies to
00:04:01
boost sales of their Model S and X
00:04:04
Vehicles one significant move was
00:04:06
lowering their price to an unprecedented
00:04:08
low of
00:04:12
$85,900
00:04:14
perspectively however they have now
00:04:16
implemented a different technique by
00:04:18
raising the price by
00:04:20
$2,500 while offering three years of
00:04:22
free supercharging to new buyers
00:04:25
furthermore customers who trade in older
00:04:27
model S orx vehicles with free unlimited
00:04:30
supercharging will receive 6 years of
00:04:33
free unlimited supercharging among the
00:04:35
two models it seems Tesla is
00:04:38
particularly focused on selling the
00:04:39
model X however with the model ey
00:04:42
offering a similar range and
00:04:44
functionality at a price point nearly
00:04:47
$45,000 less customers May lean toward
00:04:50
the more affordable option interestingly
00:04:53
Tesla has made a noteworthy change to
00:04:55
the model I pricing while they haven't
00:04:57
reduced the base price they have lower
00:04:59
the price of the seven seater option by
00:05:02
$11,000 previously this upgrade cost an
00:05:05
additional $4,000 but now it's only
00:05:08
$3,000 extra although the Mel V seven
00:05:11
seats cannot match the spaciousness of
00:05:13
the Mel X this price adjustment could
00:05:16
entice customers to choose the model Li
00:05:18
instead unlike traditional automakers
00:05:20
with dealerships Tesla needs to sell its
00:05:23
inventory directly so lowering prices
00:05:26
seems to be an effective tactic
00:05:28
particularly for theel I additionally
00:05:32
this price adjustment may impact the
00:05:34
value of current Tesla owners Vehicles
00:05:36
if they're considering selling them when
00:05:38
Tesla reduces prices for new vehicles it
00:05:40
also lowers the value of used ones if
00:05:43
you're on the verge of selling your
00:05:45
Tesla this is something worth
00:05:46
considering furthermore Tesla has made
00:05:49
an important announcement regarding
00:05:51
their power wall pilot project in
00:05:53
Germany many communities are striving to
00:05:56
adapt their electric grids to stabilize
00:05:58
them and maximize the potential of solar
00:06:00
energy home battery storage units like
00:06:03
the Tesla power wall offer a simple
00:06:06
solution they allow solar systems to
00:06:08
store excess energy during the day and
00:06:11
enable homeowners to sell the energy
00:06:13
back to the grid when the sun sets Tesla
00:06:16
has partnered with one of Germany's
00:06:17
largest electric companies transnet bigo
00:06:20
to launch a pilot virtual power plant
00:06:23
the virtual power plant comprises power
00:06:26
walls owned by Tesla customers who come
00:06:28
together to provide Power to the grid
00:06:30
while the number of power walls involved
00:06:32
in the project remains undisclosed Tesla
00:06:35
announced the successful launch of the
00:06:37
pilot project in Germany as more homes
00:06:40
adopt solar and power Storage Solutions
00:06:43
virtual power plants like this one are
00:06:45
becoming increasingly popular the power
00:06:48
wall is one of the most popular power
00:06:50
storage products which is why Tesla is
00:06:52
leading the pack in Virtual power plant
00:06:55
projects California's virtual power
00:06:57
plant has also recently reached a new
00:06:59
energy capacity Milestone contributing
00:07:02
577 megawatt hours to the Grid in the
00:07:05
last year that's enough energy to power
00:07:08
more than 3,400 homes with excess solar
00:07:11
energy with the growth of virtual power
00:07:14
plants the grid should become more
00:07:16
stable and Greener making it a win-win
00:07:18
for everyone in addition to its work on
00:07:21
Virtual power plants California has made
00:07:23
impressive strides toward its goal of
00:07:25
having 1.5 million zero emission
00:07:28
vehicles on the road by
00:07:30
2025 back in 2012 when the goal was set
00:07:34
there were only a few thousand EVS in
00:07:36
California and the Nissen Leaf was the
00:07:39
only fully electric vehicle for sale
00:07:42
however California's governor signed an
00:07:44
executive order to push the adoption of
00:07:46
EVS in the state and the Tesla Model S
00:07:49
arrived later that year today the state
00:07:52
has achieved its goal 2 years early with
00:07:54
over 1.5 million EV sales reported by
00:07:57
the California energy Commission
00:08:00
however it seems the rest of the nation
00:08:02
is finally catching up in 2022 electric
00:08:06
vehicles comprised a mere 5.6% of total
00:08:09
sales in the US yet a glance at the
00:08:12
chart before us reveals an a inspiring
00:08:14
exponential growth and the number of EVS
00:08:17
being sold this shift towards
00:08:19
sustainable transportation is truly
00:08:21
remarkable and highlights the growing
00:08:23
demand for electric vehicles across the
00:08:25
globe that pretty much sums up the
00:08:28
totality of this video
00:08:30
if you liked it be sure to give this
00:08:31
video a big thumbs up and don't forget
00:08:34
to subscribe to Tesla stock news hit the
00:08:37
notification Bell to stay updated with
00:08:39
the latest Tesla developments and
00:08:41
insights thanks for watching see you
00:08:43
next time
