Latest news with #TeslaModelYs
Business Upturn
4 days ago
- Automotive
- Business Upturn
East West Hospitality Introduces Envoy's Luxury EV Car-Sharing at Snowmass Properties
SNOWMASS, CO, June 06, 2025 (GLOBE NEWSWIRE) — Envoy Technologies Inc. ('Envoy') , a Blink Charging Co. entity and leading provider of electric car-sharing services, has announced the expansion of its premium vehicle car-sharing service to three distinguished properties managed by East West Hospitality in Snowmass, Colorado. East West Hospitality, renowned for creating exceptional mountain experiences, now offers guests at select Snowmass properties exclusive access to high-end vehicles through Envoy's service. Electric Pass Lodge (a Snowmass property) provides two Tesla Model Ys, and Snowmass Base Village offers the new 2025 Rivian R1S, ensuring visitors have convenient access to premium transportation throughout their stay. 'Our collaboration with East West Hospitality at these prestigious Snowmass properties allows us to deliver a seamless transportation experience that complements the vision of effortless luxury,' said Aric Ohana, CEO & co-founder of Envoy. 'By providing our premium vehicle car-sharing service, we're enhancing the guest journey from accommodation to exploration, making every aspect of a mountain getaway more convenient and memorable.' Envoy's intuitive mobile app enables guests staying at Electric Pass Lodge or Snowmass Base Village to easily reserve and access the vehicles with just a few taps, eliminating the hassle of traditional car rentals. 'At East West Hospitality, we're constantly seeking ways to elevate our guest experience, and Envoy's premium vehicle service is the perfect addition to our Snowmass properties,' said Rodrigo Trevisan, Base Village Garage Manager at East West Hospitality. 'This collaboration with Envoy provides our guests with the freedom to explore Snowmass and beyond in high-end vehicles that match the luxury of our accommodations, truly delivering on our promise of effortless and enriching mountain getaways.' This expansion builds upon Envoy's existing presence in Snowmass, where the company already provides a Tesla Model 3 and Rivian R1S at the Viceroy Hotel specifically for the hotel's international employees who live outside the country. That program, which was implemented as a requirement by the city, has demonstrated the practical benefits of Envoy's car-sharing platform in the Snowmass community. 'We're thrilled to establish this collaboration with East West Hospitality, beginning with their exceptional Snowmass properties,' added Ohana. 'This launch represents an important step in our mission to bring premium mobility solutions to the most desirable vacation destinations, enhancing the guest experience while eliminating transportation concerns.' Property managers interested in enhancing their offerings with Envoy's services are encouraged to visit . About Envoy Envoy is a pioneering EV fleet technology and electric car-sharing service provider headquartered in Culver City, California. Envoy offers a flagship all-electric car-sharing services in the United States for private property amenities. Envoy's amenity service delivers electric car-sharing as a premium amenity perk for private properties such as apartments, hotels, and workplaces. By cooperating with Envoy, real estate owners and operators can introduce a cutting-edge amenity that enriches the lives of their residents, members, and guests enhancing mobility as part of their lifestyle. Envoy's amenity services support nationwide goals to reduce parking demand and individual car ownership. Developers can leverage Envoy's inclusion in their projects to access development incentives, aligning with urban development goals. On February 12th, 2025, Blink Charging announced that it had publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission to sell shares of its subsidiary Envoy. About East West Hospitality East West Hospitality is a leading hospitality services company that actively manages a $6 billion portfolio of properties, including hotels, resorts, private luxury residences and over 50 vacation rental buildings, along with restaurant, spa, fitness, retail and commercial properties, in the most desirable leisure destinations. The company also provides in-depth asset and financial management services for more than 130 homeowner associations at high-end residential communities. Envoy Media Contact Marilyn MotaMarketing Manager [email protected]
Yahoo
03-06-2025
- Business
- Yahoo
Should You Buy Tesla Stock Before June 12?
Bloomberg recently reported that Tesla will launch its first robotaxis in Austin on June 12. The launch marks what could be the beginning of massive new business for Tesla. Investors have been very excited about this for a long time. Will it live up to the hype? These 10 stocks could mint the next wave of millionaires › Electric carmaker Tesla (NASDAQ: TSLA) has had an eventful year, with its stock experiencing wild swings as investors try to factor in the struggles in the core EV business, the actions and comments of its controversial chief executive, and the excitement around future initiatives like robotaxis to determine a fair price for the stock. Speaking of robotaxis, Bloomberg recently reported that Tesla plans to launch a small group of robotaxis in Austin, Texas, on June 12, the beginning of what Tesla asserts will eventually be a massive new business and stream of revenue. The event could also give investors information regarding how effective Tesla's self-driving technology is. Should investors buy Tesla now in anticipation of the June 12 announcement? Tesla's core EV business has struggled this year, with the company only reporting 337,000 deliveries in the first quarter of the year, the lowest level seen in over two years. Whether due to CEO Elon Musk's involvement with politics, which seems to have come to an end, or increased competition, sales have struggled. Recent reports don't indicate much improvement in the second quarter of the year. Further, Tesla stock still trades at an extremely high multiple. The stock has been propelled by the company's future initiatives, which include the upcoming launch of cheaper EVs, robotaxis, and the Optimus humanoid robots that will supposedly be able to complete household chores. Robotaxis are the most exciting on tap, with the Austin launch reportedly just days away. According to media reports and analyst research reports, the Austin robotaxi launch will feature 10 to 20 Tesla Model Ys with human supervisors, and the vehicles will be geofenced, meaning they will only operate in certain areas of Austin. However, Musk has also said there could be 1,000 units on the road within a few months. There are varying reports and data about how well Tesla's unsupervised full self-driving (FSD) technology works. Users have now tested FSD over billions of miles, and Tesla's management team claims FSD is safer than human driving. However, some have suggested that the FSD technology is not as strong as Musk claims. Morgan Stanley analyst Adam Jonas recently told investors in a research note, "As is typical for highly anticipated Tesla events, we would keep expectations well contained for the (reported) June 12th Cybercab launch event in Austin." If Tesla's FSD turns out to be a success, Musk has plans to eventually launch Tesla's own ride-hailing fleet. "We have millions of cars that will be able to operate autonomously," Musk told CNBC a few weeks ago. "And I should say that it's a combination of a Tesla-owned fleet and also enabling Tesla owners to be able to add or subtract their car to the fleet, so that existing Tesla owners will be able to earn money by adding their car to the fleet for autonomous use." Investors will be watching the Austin debut closely to see if there are any mistakes by the FSD and how effective the technology is. I'm sure some analysts will soon have opportunities to try out the robotaxis. While the service could prove to be successful and generate tons of new revenue for the company, I still think investors are getting ahead of themselves. The technology may not be as strong as people think, and it remains unclear how quickly this business can scale. With such a meteoric valuation, the market seems to already be baking in success of the robotaxis and other future initiatives like the Optimus robots. Long term, the odds of Tesla being a part of the robotaxi and autonomous driving wave remain high, but it is still early, and we don't know what the new autonomous driving sector will ultimately look like. For these reasons, I remain on the sidelines with investing in Tesla. Whether you decide to go in on the stock before June 12, remember that a single event (in most cases) should not be the driving force behind any stock transaction. Foolish investing involves making buying and selling decisions based on the long-term thesis around a company rather than short-term events that could move a stock's price. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $350,426!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,129!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $651,049!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 2, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Should You Buy Tesla Stock Before June 12? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
16-05-2025
- Automotive
- Time of India
Which US cities are putting Tesla's Cybertrucks on police patrol
Tesla's bold, angular Cybertruck has found a new role: law enforcement. In 2025, amid recalls and debates over utility, these electric beasts have been rolling into police departments across the US, not just as novelty vehicles but as part of a growing shift toward sustainable policing . From California to Nevada and even Georgia, departments are testing Cybertrucks and other Teslas in community programs, emergency response, and daily patrols. As rising fuel costs and environmental concerns push cities to go electric, these futuristic trucks are beginning to redefine what a police car can be. Irvine leads the pack for using Cybertruck as police vehicle The Irvine Police Department in California became the first to officially integrate a Tesla Cybertruck into its operations. The vehicle, outfitted for the DARE (Drug Abuse Resistance Education) program, received full emergency modifications, including sirens, spotlights, and custom graphics. The total cost? Over $153,000. But for Chief Michael Kent, the investment is part of a long-term strategy to engage the public—especially students—with a high-tech, high-impact presence. The department sees the truck as more than just a ride; it's a rolling symbol of innovation and connection. Las Vegas gets a futuristic boost Early in 2025, the Las Vegas Metropolitan Police Department received 10 Cybertrucks, donated by an anonymous supporter. While they haven't yet hit the streets, plans are in motion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Entrevista exclusiva: a verdade sobre o magnésio que ninguém te contou AlwaysFit Undo The department confirmed to that it has not taken possession or set a deployment date, but the gesture alone has stirred interest in other cities. As departments nationwide watch Las Vegas' move, the Cybertruck is being evaluated not just for aesthetics but for its practical advantages—torque, cargo space, and zero emissions. Greenfield goes green (and saves green) In Greenfield, California, the local police department made headlines in July 2024 by adding a Cybertruck to its existing fleet of Tesla Model Ys. Their reason? Simple math. The department estimates annual savings of $15,000 in fuel by going electric. More than that, the move aligns with the city's climate goals. On social media, Greenfield PD said, 'We're not only reducing pollution, but also saving the city money!' It's a win-win model other small cities might soon emulate. Model Y and model 3 patrol fleets grow The South Pasadena Police Department is taking electrification seriously, committing to an all-electric fleet using 10 Tesla Model Ys and 10 Model 3s. While Cybertrucks haven't made the cut—yet—the department's full transition sends a strong signal: electric patrol cars are no longer a gimmick. Alpharetta, Georgia is also considering Tesla Model Ys, with plans pitched in late 2024. As costs drop and public interest in sustainability rises, more departments are expected to follow suit. Why EVs make sense for law enforcement EVs like Cybertrucks offer more than futuristic flair. With lower maintenance costs, silent operation, and instant torque for quick response, they're practical tools. Plus, in a world where public scrutiny of policing is high, adopting green technology may improve public relations. Police departments are also using these vehicles in community outreach, blending utility with symbolism—a progressive force driving change. What's next As performance trials unfold and budgets adjust, the future of electric police fleets is looking increasingly viable. Tesla's Cybertruck may be leading the headlines, but the real story is a growing movement within law enforcement to adopt cleaner, more efficient technology. If these experimental rollouts prove successful, the next time you see flashing lights in your rearview mirror, it might just be a Cybertruck pulling you over.
Business Insider
26-04-2025
- Automotive
- Business Insider
Ex-Waymo CEO shoots back after Elon Musk's Tesla earnings dis
Elon Musk said on Tuesday that Waymo robotaxis cost more money to build. The Tesla CEO said his company has the upper hand because of its ability to scale quickly. Ex-Waymo CEO John Krafcik told BI that Tesla still has a lot to prove. Tesla CEO Elon Musk took multiple digs at Waymo, one of his biggest competitors in the robotaxi race, during Tuesday's earnings call. Ex-Waymo CEO John Krafcik shot back: Check the scoreboard. " Tesla has never competed with Waymo — they've never sold a robotaxi ride to a public rider, but they've sold a lot of cars," Krafcik said in an email to Business Insider. "And although Tesla hopes to compete with Waymo someday, they've failed utterly and completely at this for each of the 10 years they've been talking about it." Krafick led Waymo between 2015 and 2021, overseeing the self-driving division's spin-off from Alphabet in 2016. He was replaced with two co-CEOs, Tekedra Mawakana and Dmitri Dolgov. Krafick now serves on the board of another EV maker, Rivian. Tesla made another big push for its robotaxi bet during its latest earnings presentation. Musk said the initial "pilot" rollout in Austin in June would consist of 10 to 20 robotaxis using Tesla Model Ys. The ramp-up afterward will be quick, he said, predicting "millions" of fully autonomous Teslas on the road by the second half of next year and a market share domination of "99% or something ridiculous." The CEO sounded confident on the call about Tesla's approach to autonomy, which relies on cameras and a "generalized" AI that the company said would be able to adapt to various driving environments without the need for pre-mapping a particular region. Waymo vehicles operate differently. Waymo maps out a city like San Francisco or Tokyo with its cars before deploying a robotaxi service to the public, and it uses a generous set of lidar sensors and cameras. Musk has previously said that this approach is arduous and expensive, and he reiterated that point during the earnings call. "The issue with Waymo's cars is it costs way more money," Musk said, making a play on Waymo's name. "Rim shot." He later added: "Waymo decided that an expensive sensor suite was the way to go, even though Google's very good at AI. It's ironic." Musk estimated that Tesla could make robotaxis that cost a "quarter to 20%" less than the cost of Waymo's Jaguar I-Pace vehicles — and it would do so at higher volumes through its unique manufacturing methods. Krafcik thinks the cost talk is a moot point when considering safety. In the long run, the cost of sensors has a "trivial cost-per-mile impact over the useful life of a robotaxi," he told BI, "while also providing massive quantifiable safety benefits." 'Undelivered promises' Tesla's robotaxi vision hinges on a key piece of technology it calls Full Self-Driving, which is powered by the company's own hardware stack. To date, the company has not rolled out a public version of the software that operates without the supervision of a human driver. On Wednesday, the company shared a post on X, previewing the robotaxi app and service in Silicon Valley. Tesla said in the post that the company has completed over 1,500 trips and 15,000 miles of driving. The video showed a person hailing a Model Y. One scene showed a safety operator sitting behind the wheel. Tom Narayan, an analyst at RBC Capital Markets, said in his latest forecast that Tesla could generate $80 billion in robotaxi revenue a year in the US by 2040. Krafcik is skeptical. "Well, after 10 years of undelivered promises, it seems pretty rational for those watching to be data- and evidence-driven," he said. "There's still a lot of promises, still no Tesla liability for FSD driving performance, and still no universal robotaxi service." The former CEO acknowledged that Tesla's FSD has improved, but he said that that's different from showing that the company has a safe, "truly autonomous" robotaxi service.
Yahoo
25-04-2025
- Automotive
- Yahoo
Ex-Waymo CEO shoots back after Elon Musk's Tesla earnings diss
Elon Musk said on Tuesday that Waymo robotaxis cost more money to build. The Tesla CEO said his company has the upper hand because of its ability to scale quickly. Ex-Waymo CEO John Krafcik told BI that Tesla still has a lot to prove. Tesla CEO Elon Musk took multiple digs at one of his biggest competitors in the robotaxi race, Waymo, during Tuesday's earnings call. Ex-Waymo CEO John Krafcik shot back: Check the scoreboard. "Tesla has never competed with Waymo — they've never sold a robotaxi ride to a public rider, but they've sold a lot of cars," Krafcik said in an email to Business Insider. "And although Tesla hopes to compete with Waymo someday, they've failed utterly and completely at this for each of the 10 years they've been talking about it." Krafick led Waymo between 2015 and 2021, overseeing the self-driving division's spin-out from Alphabet in 2016. He was replaced with two co-CEOs, Tekedra Mawakana and Dmitri Dolgov. Krafick currently serves on Rivian's board. Tesla made another big push for its robotaxi bet during its latest earnings presentation. Musk said the initial "pilot" rollout in Austin this June will consist of 10 to 20 robotaxis, using Tesla Model Ys. The ramp-up afterwards will be quick, he said, predicting "millions" of fully-autonomous Teslas on the road by the second half of next year and a market-share domination of "99% or something ridiculous." The CEO sounded confident on the call about Tesla's approach to autonomy, which relies on cameras and a "generalized" AI that the company said will be able to adapt to various driving environments without the need of pre-mapping a particular region. That's different from Waymo. Waymo maps out a city like San Francisco or Tokyo with its cars before deploying a robotaxi service to the public, and it uses a generous set of lidar sensors and cameras. Musk has said before that this approach is arduous and expensive, and he reiterated his point during the earnings call. "The issue with Waymo's cars is it costs way more money," Musk said, making a play on Waymo's name. "Rim shot." He later added: "Waymo decided that an expensive sensor suite was the way to go, even though Google's very good at AI. It's ironic." Musk estimated that Tesla could make robotaxis that cost a "quarter to 20%" less than the cost of Waymo's Jaguar I-PACE vehicles — and it'll do so at higher volumes through its unique manufacturing methods. Krafcik, the ex-Waymo CEO, thinks the cost talk is a moot point when considering safety. In the long run, the cost of sensors has a "trivial cost-per-mile impact over the useful life of a robotaxi," he told BI," while also providing massive quantifiable safety benefits." Tesla's robotaxi vision hinges on a key piece of technology it calls Full Self-Driving, which is powered by the company's own hardware stack. To date, the company has not rolled out a public version of the software that operates without the supervision of a human driver. On Wednesday, the company shared a post on X, previewing the robotaxi app and service in Silicon Valley. Tesla said in the post that the company has completed over 1,500 trips and 15,000 miles of driving. The video showed a person hailing a Model Y. One scene showed a safety operator sitting behind the wheel. RBC Capital Markets analyst Tom Narayan said in his latest forecast that Tesla could generate $80 billion in robotaxi revenue a year in the US by 2040. Krafcik is skeptical. "Well, after 10 years of undelivered promises, it seems pretty rational for those watching to be data- and evidence-driven," he said. "There's still a lot of promises, still no Tesla liability for FSD driving performance, and still no universal robotaxi service." The former CEO acknowledged that Tesla's FSD has improved, but he argued that that's different from showing that the company has a safe, "truly autonomous" robotaxi service. Tesla and Waymo did not respond to a request for comment. Read the original article on Business Insider
