Latest news with #TeslaOwnersofSiliconValley
India.com
29-07-2025
- Automotive
- India.com
Rs 250000000000000: Elon Musk to earn massive amount of money using AI in Tesla, plan is to...
Elon Musk made a surprise appearance (virtually) at the Tesla Owners of Silicon Valley event in San Mateo, California on Saturday. The event brought together Tesla fans from around the world. During his talk, Musk made a bold claim that caught everyone's attention. He said, 'Tesla could make 1 billion Optimus robots every year in the future' which aims to grab a huge share of the 20 billion robot market. Musk estimated that even if each robot costs just Rs. 2.5 lakh (around USD 3,000), the total yearly revenue could reach Rs. 2,500 lakh crore (USD 30 trillion). Musk admitted that this goal is still like a 'dream in the sky', but he believes the progress in artificial intelligence is happening at a speed like a 'supersonic tsunami.' Tesla's Optimus Robot: Production to begin by 2025 Tesla is working on building humanoid robots called Optimus, using its advanced AI and manufacturing technologies. According to Musk, the latest version, Optimus Version 3, is now ready for mass production. By the end of 2025, Tesla plans to build a few hundred robots, even though the earlier goal was to produce thousands. From 2026 onwards, large-scale production is expected to begin. These robots are being designed to help with everyday tasks and if Musk's vision turns real, we could see a future where humanoid robots are as common as smartphones today. AI and Robots: Could this be world's biggest future market? Elon Musk believes that robots will be the biggest product of the future and he's not alone. Even NVIDIA CEO Jensen Huang agrees with this vision. According to tech analyst Shellye Bolour from Futurum, the world spends around Rs. 4,100 lakh crore (USD 50 trillion) every year on human labor. If robots start taking over some of this work, it could lead to a massive transformation in the global economy. Musk says this shift shouldn't be feared. Instead, he calls it the 'age of abundance', where machines help improve life and increase prosperity. Tesla shares latest update Tesla investors are used to stock market swings. After the company released its Q2 earnings on Wednesday, its stock fell 8 per cent on Thursday, but then bounced back by 4 per cent on Friday. So far in 2025, Tesla shares are down 22 per cent, though they had also seen a 44 per cent rise over the past 12 months. The journey of Tesla in both AI and the stock market continues to be full of surprises. Key points for Tesla investors Here are some important things that investors should keep in mind when it comes to Tesla: More than 40 per cent of Tesla's traded shares are held by retail (small) investors. This is much higher than the average of around 25 per cent seen in other 'Magnificent Seven' tech stocks like Apple, Microsoft, or Google. Tesla stock is currently trading at 180 times its estimated 2025 earnings (P/E ratio). That's extremely high compared to most companies. In fact, in the entire S&P 500 index, only Palantir has a higher valuation right now. Tesla's stock often reacts strongly to major events or even Elon Musk's comments, especially during high-profile events like tech showcases or takeovers. Investors need to stay alert, as Musk's statements can influence stock prices almost instantly.
Yahoo
07-05-2025
- Automotive
- Yahoo
‘Tesla Takeover' failed to secure permits for Alameda Point, according to report
(KRON) — A 'Tesla Takeover' that was billed as taking place on Alameda Point this summer reportedly failed to secure the proper permits and will not be happening at the location. The Tesla Takeover, which had been rebranded as X Takeover, is being billed as 'The Ultimate Experience for Tesla, EVs, and SpaceX Enthusiasts.' The event was launched in 2021 by the Tesla Owners of Silicon Valley as a kind of fanfest for Tesla owners and enthusiasts. However, according to a report in the Alameda Post, the City of Alameda never issued a permit for the event and the X Takeover organizers 'had simply assumed that they could use Alameda Point for their event.' Fingerprint on cigarette pack leads to break in San Jose cold case homicide 'When the City discovered that event organizers were publicizing Alameda Point as the venue without an approved permit, we immediately directed them to remove our location from their materials,' Sarah Henry, communications & legislative affairs officer for the City of Alameda told the post. 'They were also informed that the City would not be issuing a permit for this event, so they did not submit their application.' According to the event website, the event is set to take place in the 'San Francisco Bay Area.' Previously, an Instagram post from Tesla Owners of Silicon Valley had specified the location as Alameda Point. But, as of Tuesday, the Instagram page for Tesla Owners of Silicon Valley was no longer available. According to the event website, the X Takeover is still due to take place on Saturday, July 26 from 10 a.m. to 6 p.m. Tickets for the event are available at Eventbrite. Refunds, however, are not available. has reached out to Tesla Owners of Silicon Valley for more information. We are awaiting a response. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to KRON4.
Yahoo
04-04-2025
- Automotive
- Yahoo
‘Tesla Takeover' event coming to Bay Area this summer under new name
(KRON) — It might be the most politically polarizing vehicle on the road currently, but a major gathering for Tesla enthusiasts is nonetheless coming to the Bay Area this summer. The 'Tesla Takeover' event was started in 2021 by the Tesla Owners of Silicon Valley organization as a fanfest for Tesla owners and enthusiasts. This summer, the event will be back under a new name. Despite the declining popularity of the Tesla brand, and in particular, its CEO Elon Musk, the organizers of the Tesla Takeover are apparently undeterred. In fact, they appear to have doubled down, changing the name of the event from Tesla Takeover to 'X Takeover.' 'Really Stupid Park': SF commuters use Great Highway park-naming contest to vent X, famously, is what Musk rebranded Twitter as after he bought the social network in 2022. Calling the event 'the next step in this remarkable journey,' the X Takeover is being billed as 'the ultimate experience for enthusiasts of Tesla, EVs, and SpaceX.' 'Tesla will still be the primary focus and attention of the event,' according to the X Takeover website. The event will feature keynote speeches from Tesla VP of Vehicle Engineering, Lars Moravy, and venture capitalist and Tesla investor, Steve Jurvetson. Other featured speakers include a number of 'Tesla influencers,' YouTube personalities and content creators. The two-day event will feature a Tesla factory tour and light show on Friday, July 25. The main event — the conference and expo — will be held the next day on Saturday, July 26. The event's website lists the location as 'San Francisco Bay Area.' According to an Instagram post from the Tesla Owners of Silicon Valley, the event will take place on Alameda Point. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
CBS News
13-03-2025
- Automotive
- CBS News
Tesla backlash grows in Bay Area amid Musk's role in Trump White House
Since Tesla CEO Elon Musk joined the Trump administration, the effects on his car company have been dramatic, with the stock price significantly down. Tesla vehicles and dealerships have also been the target of vandals. With the string of vandalism on Teslas and at dealerships across the country, John Stringer, the founder of Tesla Owners of Silicon Valley said he is concerned about the safety of Tesla drivers in the Bay Area. "At what point should anyone that buys anything be, have their property vandalized? I actually just had a friend up in Idaho, a rock was thrown at his window with his three-year-old kid in the back and the window shattered," John Stringer, who works in tech, told CBS News Bay Area. He shared that he has owned five Teslas and his latest purchase is the Cybertruck. Stringer added that his community of Tesla owners and enthusiasts is growing with more than 6,000 members just from the Silicon Valley area. "Hang out with other enthusiasts but also to really just celebrate sustainability," he said. Stringer said that the brand has become more polarizing than ever. A recent report showed that Tesla sales in the U.S. have dropped 1% last year compared to 2023, which is the company's first annual sales decline in more than 10 years. Furthermore, Tesla shares have dropped more than 47% since President Trump took office for his second term. "I'm not buying my car as an investment, I'm buying to own it for a long time," Stringer said. He shared that he has been following Musk's work for several years, and has also interviewed the founder twice. Stringer said he also has many friends in the Tesla manufacturing industry, and said they, too, are facing much backlash. "It's really unfortunate that they're being targeted, they're being berated. Owners are being berated," he said. CBS News Bay Area spoke with one marketing expert about the economic trend of Tesla since Trump has been inaugurated. "This is a form of protest. Now, I'm not condoning vandalism, but it's not surprising that the Tesla charging spots or dealerships are becoming focal points where people are expressing their dismay," said Bill Pearce, marketing faculty for UC Berkeley Haas School of Business. "And this is problem when you have government mixed with business, is that these things become intertwined and become bigger." Pearce added that there has been a decrease in sales and deliveries in Europe, with Germany down 59% and Norway down 80%. "Primarily driven by the ownership that diversion of tension and negative publicity is going to have a serial long-term decline for the brand. And as a result, you're seeing people lower their expectations and it's being reflected in the stock price," he told CBS News Bay Area. Pearce also added that when politics and business converge, it can have a significant long-term impact on a company's brand and image. "The politics in this time, which is very fractured is almost running 180 degrees with what the Tesla brand was built on. And this is too abrupt change for the Tesla fans, and they are saying, 'Look I thought you were this, now you're that, I don't want any part of you.' And that from a business standpoint, is a problem not just in the short term but in the long term. There is going to be an erosion of trust within the brand," he added. For Stringer, however, he wanted to relay the message that many Tesla owners bought the car for its technological advancements and environmental impact, not necessarily for Elon Musk's opinions or political beliefs. "One of many reasons to buy a Tesla is to help with climate change and sustainability. And so, every gas car off the road is going to help out the mission," Stringer said. "Most of my ride is actually enjoying the conversation with you and not having to worry about the stop and go traffic," he added about the vehicle's autonomous driving feature. He added that in a time of greater political divide, it is important to communicate on both sides of the aisle.
