“We look forward to giving gamers a great platform for AAA gaming,” Su said.
She also said that higher-powered processors would only kick in when the infotainment system was running the AAA games that require more power, which would allow the systems to save battery power when playing games that require less processing power.
The games can be played on two Tesla screens in the new Model S Plaid, which is expected to be released later this month. There is a 17-inch screen at the front of the vehicle, as well as a smaller rear screen for passengers.
On Saturday, Tesla CEO Elon Musk said the new car would start deliveries on June 10. The car’s release was delayed by several months due to the global shortage of computer chips that power the gaming console, as well as the vehicle’s navigation system, Autopilot, and bluetooth, to name a few.
Prices on some Tesla models are increasing due to global supply chain disruptions in the auto industry, particularly with raw materials, Elon Musk said on Twitter Monday.
Musk’s explanation came in response to a Twitter user who said he didn’t like the “direction” the company was going in by “raising prices of vehicles but removing features like lumbar for the Model Y.”
The Tesla and SpaceX CEO responded: “Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially.”
Ford on Monday unveiled the F-150 Lightning Pro, a version of its newly announced electric pickup truck. This version is aimed at businesses.
Ford revealed its first all-electric pickup truck, the F-150 Lightning, on Thursday. The Lightning starts at $39,974 and its extended-range battery has a driving range of up to 300 miles.
The Lightning Pro is a very similar vehicle, but tweaked to appeal to commercial customers rather than the retail market, according to Ford’s press release. The main difference is that the Pro comes with telematics software so managers can keep track of their fleets and reimburse employees who charge the electric vehicle at home.
Ford said commercial businesses could use the lockable space under the hood to store tools, while saving the rear-end cargo bed for other equipment.
The most basic model of the Lightning Pro starts at $39,974, the same as the Lightning, with an estimated range of 230 miles. Models with 300 miles of range will start at $49,974, according to Ford.
Shipments of the Lightning Pro will kick off in 2022, Ford said.
The basic version of the truck will be able to generate 426 horsepower and tow up to 7,700 pounds. It also comes with a 32-amp charger which Ford said makes “the transition affordable for small and medium-size businesses.”
In comparison, the extended range can pull up to 10,000 pounds with the optional Max Trailer Tow Package, generates up to 563 horsepower, and comes with both an 80-amp Ford Charge Station Pro and onboard dual chargers.
“F-150 Lightning Pro represents so much more than an electric workhorse – it’s made for commercial customers inside and out, it gets better over time, and it’s totally plugged into always-on services that can help business productivity,” said Jim Farley, Ford’s president and CEO, in the press release.
Elon Musk told investors during the Tesla’s quarterly earnings call that the automaker has been forced to reckon with numerous supply chain issues in 2021.
Musk said the company has had “insane difficulties” with its supply chain over the last quarter. “We’ve had some of the most difficult supply-chain challenges that we’ve ever experienced in the life of Tesla,” he said on Monday.
The CEO said the global semiconductor chip shortage, which has rocked the automotive industry, as well as port delays impacted manufacturing goals.
Many automakers have since been forced to shut down manufacturing plants and prioritize the most profitable car models they produce as a result of the shortage. Computer chips account for about 40% of a new car’s cost, according to a report from Deloitte, and are used in navigation, bluetooth, and collision-detection systems.
Musk also said the company has had trouble scaling its production in China due to the pandemic, as COVID-19 restrictions in the country have made it more difficult for Tesla to bring in engineers for its plants.
Port delays and the global container-ship shortage have also impacted Tesla’s manufacturing supplies in the US.
Zach Kirkhorn, Tesla’s chief financial officer, said the company is facing high expediting costs, despite “tremendous work” from the company’s team and suppliers in keeping the plants running.
“We continue to work through the instability of the global supply chain, particularly around semiconductors and port capacities,” Kirkhorn said.
Port delays and a global container-ship shortage have set many companies back in recent months, pushing shipping costs even higher and leading to shortages of goods. Delays at southern California ports have caused nearly 20 ships to wait weeks to dock and unload.
Overall, Tesla had a profitable quarter, after announcing it had sold the most cars in its history. During the first three months of the year, the company delivered 184,877 vehicles – a number that was largely driven by strong demand for electric vehicles in China.
Toyota debuted its new all-electric SUV concept car on Monday at the 2021 Shanghai Auto Show.
The Toyota bZ4X is the first electric car under the company’s new Beyond Zero (bZ) lineup of cars with zero carbon emissions. It is the first of 15 fully electric cars the company plans to make by 2025 and one of seven under the bZ badge, according to a statement from CTO Masahiko Maeda.
The car is a compact SUV that looks similar to Toyota’s RAV4, but rides lower to the ground and features a longer wheelbase.
It’s the first car to be built on Toyota’s new electric e-TNGA BEV platform that the company created jointly with Subaru. Subaru is expected to unveil its own electric car on the platform shortly.
The new car has several distinctive features, including a system that can use solar power to alleviate the impact of cold weather on the vehicle’s range, as well as yoke instead of a typical steering wheel. The car’s interior also has a large touchscreen.
The car company plans to manufacture the car in Japan and China. It should be available globally by the middle of 2022, according to the company.
Toyota has not announced how far the car will be able to travel on a full charge, but it will likely be competitive with other EVs on the market, including the Ford Mustang Mach-E which has a range of over 300 miles.
Toyota also did not attach a price estimate to the car, but CarandDriver.com reported the vehicle may sell for about $40,000 – a similar price to Toyota’s RAV4 hybrid.
The Model 3, its cheapest sedan, has been hit by the most price changes this year. In the latest change, Tesla raised the price of the Standard Range Plus from $37,990 to $38,490, and the Long Range AWD from $46,990 to $47,490. The Performance version had an even bigger increase, from $55,990 to $56,990.
The automaker also raised the price of its Model Y Long Range AWD from $49,990 to $50,490.
Electrek also noted that the Model 3 price hike was accompanied by a small design update, adding a new wooden door trim, which Tesla had already rolled out on Model 3 vehicles produced at its Shanghai, China Gigafactory.
A Tesla customer, Terry Oelschlaeger, told Insider’s Kate Duffy he was double-charged for a Tesla Model Y costing nearly $54,000 on March 25, and that a Tesla service center employee told him the error had affected “many” buyers.
The company has since refunded the customers, including Oelschlaeger, and offered them $200 in credit at its online store.
Tesla posted record sales in the first quarter of 2021 despite a worldwide shortage of semiconductor chips. It sold 184,800 vehicles in the first three months of 2021, and Wall Street now expects the electric-vehicle company to sell more than 800,000 cars this year.
The customers said they received the money back on their double charges on or before April 1, but that they also had to pay for overdraft fees from their large bills.
Elon Musk’s car company sent the overcharged customers an email, which they shared with CNBC, that apologized and gave them $200 in credit. Tesla said the credit must be used in a single transaction, would expire on January 30, 2022, and couldn’t be spent on Tesla Tequila.
Tesla didn’t immediately respond to Insider’s request for comment.
Three California-based Tesla customers first shared their stories with CNBC in March. CNBC’s journalists reviewed their purchase agreements, correspondence with Tesla, and bank statements.
Clark Peterson, Tom Slattery, and Christopher T. Lee initially told CNBC they had purchased Teslas ranging from $37,000, the price of a Model 3 sedan, to $71,000, the cost of a Model Y crossover SUV with premium features.
A former banking executive from North Carolina, who wanted to remain anonymous for privacy reasons, also told CNBC he was charged twice for a new Model Y costing about $54,000.
These buyers all authorized the payment of their brand-new electric vehicles through ACH direct debit, but the next day found that the money had been taken from their account twice, meaning in total they had spent between $74,000 and $142,000 on the cars.
Now they’ve been refunded, they said Tesla customer service needs to improve.
Peterson told CNBC: “While happy to have the whole situation sorted, I still feel that the response time was inadequate. It took days before Tesla had any kind of response, and they were holding our significant funds the whole time. And it took them five minutes to take those funds from our account.”
Another Tesla customer, Terry Oelschlaeger, told Insider he was also double-charged for a Tesla Model Y costing $53,993.70 on March 25. He shared his bank statement with Insider, showing a duplicate charge for a new car.
Oelschlaeger said he phoned the company three times to complain and drove to a Tesla service center in California, where an employee told him the error had impacted “many” buyers.
The company told him the refund would arrive in his bank account in one to three business days. He eventually received a payment in full from Tesla on March 31.
Ford’s electric Mustang Mach-E appears to be cutting into Tesla’s comfortable lead in the electric-vehicle market right out of the gate.
The Mustang Mach-E was the third highest selling electric car model in the US in its first full months of sales, according to a report from Morgan Stanley on Thursday. The car trailed behind Tesla’s Model 3 and Model Y in February.
While Ford has only sold 6,614 units of the new SUVs to date, Tesla’s share of the US electric-car market fell to 69% in February, down from 81% in the prior year, an earlier Morgan Stanley report dated March 3 found. What’s more, the Mustang accounted for nearly all of Tesla’s market-share losses, the bank said.
Ford’s first-quarter vehicle sales were up over 23% year-over-year, the automaker said Thursday, with electrified vehicle sales rising 74%, thanks mainly to the Mustang Mach-E and F-150 PowerBoost Hybrid sales.
Tesla’s first quarter numbers are expected to be released as soon as Thursday afternoon.
Despite the new competition – of which Ford is far from the only source – Morgan Stanley’s analysis found that Tesla’s US sales are still on the rise, with more car buyers continuing to look into purchasing an electric vehicle. EV sales in the US climbed 34% in February from the previous year, while traditional internal-combustion-engine-car sales dropped 5.4%.
One-fifth of the Mustang Mach-E’s sold in February were in California, Ford said, a key market for the industry. In 2019, the state accounted for nearly half of Tesla’s Model 3 sales.
“We do not aim to argue that one vehicle is necessarily superior to the other (many consumers will continue to prefer the Model Y’s greater availability of semi-autonomous driving features and Tesla brand, while others will be attracted to the Mach-E’s styling and availability of a $7,500 federal tax credit),” they said.
In March, Tesla CEO Elon Musk seemed to compliment Ford’s role in the electric-car market.
“Tesla & Ford are the only American carmakers not to have gone bankrupt out of 1000’s of car startups,” he tweeted in response to a reporter’s post about the high-risk nature of the automobile industry. “Prototypes are easy, production is hard & being cash flow positive is excruciating.”
“One could argue this indicates that, while Tesla’s appeal is clearly formidable, it’s not absolute and could be displaced by a worthy alternative,” said Stewart Stropp, senior director of automotive retail at J.D. Power, in the survey.
“China is the linchpin of growth for EV market,” Dan Ives, an analyst at Wedbush, told clients in March. “We believe China could see eye-popping demand into 2021 and 2022 across the board, with Tesla’s flagship Giga 3 footprint a major competitive advantage.”
Elon Musk hinted on Twitter that the Tesla Cybertruck will not have any door handles, which would be one of the most concrete design changes to the electric truck aside from the slight reduction of the vehicle’s overall measurements.
The original prototype of the Cybertruck had the same door handles as other Tesla models.
Handles on Tesla’s cars are already unique, as they remain flat against the car until the car key comes close to the vehicle, or if an individual pushes against a corner of the door handle when the car is already unlocked.
While Musk did not give any details on the technology that the car company may use to make a vehicle without door handles, Tesla has been studying self-opening and closing doors for a number of years.