EV Daily | Tesla's FSD Data Transparency Questioned; Hertz Sells Tesla Fleet Amid Depreciation Concerns
Friday, Aug 2, 2024 8:00 am ET
TSLA --
**Tesla**
Tesla is not releasing its Full Self-Driving (FSD) data, despite CEO Elon Musk's claims of significant improvements. Crowdsourced data shows limited advancements, questioning Musk's credibility.
Musk hyped Tesla’s FSD software updates 12.4 and 12.5, but limited testing prevented a wide release of 12.4. Musk's claims about FSD improvements lack transparency and credibility.
Despite internal issues and limited testing, Tesla rolled out FSD v12.5. Crowdsourced data from Tesla FSD Tracker remains limited compared to Tesla's claimed 1.6 billion miles of FSD data.
Early data on FSD v12.5 shows limited improvements. Musk comments on this data but has not released Tesla's official data, affecting credibility.
Hertz is accelerating sales of its Tesla fleet due to declining resale values. The company initially purchased 100,000 Tesla Model 3 vehicles but is now transitioning to other EV models.
Tesla vehicles initially increased Hertz's customer satisfaction, but price cuts in 2022 and 2023 have led to significant depreciation. Hertz plans to sell tens of thousands of Tesla vehicles this year.
**BYD**
BYD sold a record 342,000 new energy vehicles (NEVs) in July but saw a slight decline in EV sales. Despite this, plug-in hybrids continued to grow, setting a new sales record.
BYD's NEV sales reached 342,383 units in July, up 30% year-over-year. Although EV sales fell 10% from June, plug-in hybrid sales set a new record with 210,799 units sold.
BYD's wide-ranging portfolio, including models like the Dolphin and Atto 3, is expanding rapidly in overseas markets like Southeast Asia, Europe, and the Americas.
BYD is entering the Japanese market, leading EV imports with a 184% year-over-year increase. The company continues to slash prices to maintain competitiveness.
**NIO**
NIO's Onvo L60 electric SUV will launch in China in September, starting at $30,500. The L60 is seen as a competitor to Tesla’s Model Y.
NIO expects to achieve monthly deliveries of over 20,000 units with the boost from its Onvo brand.
NIO crossed the 20,000 delivery threshold for the third straight month in July, with a total of 20,498 vehicles. The company's lineup includes several premium electric SUVs and sedans.
**Others**
Kia is testing its next-gen electric sedan in Europe, expected to rival the Tesla Model 3 and launch at around $35,000.
Kia's new mass-market Onvo brand will launch the L60 electric SUV in China, priced at $30,500. The L60 is often compared to Tesla’s Model Y.
Volkswagen introduces the seventh generation of its BEV and PHEV Transporter and Caravelle vans, with various configurations and new electric drive options.
Nissan and Honda are collaborating on next-gen software-defined EVs, aiming to catch up with Tesla and BYD. Mitsubishi joins the alliance to enhance EV technology development.
Maryland-based ION Storage Systems is accelerating commercialization of its solid-state batteries, achieving significant milestones and securing $40 million in funding.
VinFast has started shipping its new mini electric SUV, the VF 3, priced under $13,000. The VF 3 has generated strong interest and will roll out in multiple markets, including the US.
California's electric bicycle incentive program faces significant delays and mismanagement, with no clear launch date despite substantial funding.
Rad Power Bikes offers up to $500 off e-bikes and 20% off accessories in its Back to School sale.
Tesla is not releasing its Full Self-Driving (FSD) data, despite CEO Elon Musk's claims of significant improvements. Crowdsourced data shows limited advancements, questioning Musk's credibility.
Musk hyped Tesla’s FSD software updates 12.4 and 12.5, but limited testing prevented a wide release of 12.4. Musk's claims about FSD improvements lack transparency and credibility.
Despite internal issues and limited testing, Tesla rolled out FSD v12.5. Crowdsourced data from Tesla FSD Tracker remains limited compared to Tesla's claimed 1.6 billion miles of FSD data.
Early data on FSD v12.5 shows limited improvements. Musk comments on this data but has not released Tesla's official data, affecting credibility.
Hertz is accelerating sales of its Tesla fleet due to declining resale values. The company initially purchased 100,000 Tesla Model 3 vehicles but is now transitioning to other EV models.
Tesla vehicles initially increased Hertz's customer satisfaction, but price cuts in 2022 and 2023 have led to significant depreciation. Hertz plans to sell tens of thousands of Tesla vehicles this year.
**BYD**
BYD sold a record 342,000 new energy vehicles (NEVs) in July but saw a slight decline in EV sales. Despite this, plug-in hybrids continued to grow, setting a new sales record.
BYD's NEV sales reached 342,383 units in July, up 30% year-over-year. Although EV sales fell 10% from June, plug-in hybrid sales set a new record with 210,799 units sold.
BYD's wide-ranging portfolio, including models like the Dolphin and Atto 3, is expanding rapidly in overseas markets like Southeast Asia, Europe, and the Americas.
BYD is entering the Japanese market, leading EV imports with a 184% year-over-year increase. The company continues to slash prices to maintain competitiveness.
**NIO**
NIO's Onvo L60 electric SUV will launch in China in September, starting at $30,500. The L60 is seen as a competitor to Tesla’s Model Y.
NIO expects to achieve monthly deliveries of over 20,000 units with the boost from its Onvo brand.
NIO crossed the 20,000 delivery threshold for the third straight month in July, with a total of 20,498 vehicles. The company's lineup includes several premium electric SUVs and sedans.
**Others**
Kia is testing its next-gen electric sedan in Europe, expected to rival the Tesla Model 3 and launch at around $35,000.
Kia's new mass-market Onvo brand will launch the L60 electric SUV in China, priced at $30,500. The L60 is often compared to Tesla’s Model Y.
Volkswagen introduces the seventh generation of its BEV and PHEV Transporter and Caravelle vans, with various configurations and new electric drive options.
Nissan and Honda are collaborating on next-gen software-defined EVs, aiming to catch up with Tesla and BYD. Mitsubishi joins the alliance to enhance EV technology development.
Maryland-based ION Storage Systems is accelerating commercialization of its solid-state batteries, achieving significant milestones and securing $40 million in funding.
VinFast has started shipping its new mini electric SUV, the VF 3, priced under $13,000. The VF 3 has generated strong interest and will roll out in multiple markets, including the US.
California's electric bicycle incentive program faces significant delays and mismanagement, with no clear launch date despite substantial funding.
Rad Power Bikes offers up to $500 off e-bikes and 20% off accessories in its Back to School sale.