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Tesla Stock Rises on Apple Watch App Launch and FSD Software Update

Mover TrackerMonday, Dec 2, 2024 5:31 pm ET

1min read

Recently, Tesla has been at the forefront of technological advancements, capturing significant attention with its latest developments. On December 2, Tesla's stock saw a notable rise, marking a two-day positive streak. Contributing to this momentum, Tesla announced the upcoming release of a new application designed specifically for the Apple Watch. This app aims to incorporate most functionalities of the existing smartphone app, serving as a versatile key, facilitating access to the trunk, activating climate control, and displaying battery status.

In conjunction with this, Tesla revealed a comprehensive suite of updates, including 18 major and 8 minor enhancements. Noteworthy among these is the ability for users to view and save clips from the dashboard and the Sentinel mode directly to their smartphones for further editing or sharing. Additionally, these updates offer customization options for the Cybertruck's packaging and license plate, alongside setting preferred battery charge levels upon reaching destinations.

Another significant development is the release of Tesla's latest version of its Full Self-Driving (FSD) software, version 13.2. Although slightly delayed past the Thanksgiving promise, this rollout was accomplished within November's end, marking a substantial leap for Tesla’s AI team. Assuming no major issues arise, Tesla plans to extend this software across more vehicles in the coming weeks, with hopes for a widespread update by Christmas.

In a different highlight, Tesla shared progress on its humanoid robot, Optimus. A recent demonstration showcased the robot’s dexterity, notably its ability to catch a tennis ball mid-air, signaling a "milestone achievement" according to Tesla engineers. This display underscores Tesla's ongoing commitment to pioneering in the robot sector, with significant strides in joint module development for the humanoid robot.

Tesla CEO Elon Musk has shared ambitious projections, recently stating the potential for humanoid robots to outnumber humans within the next two decades. By 2025, Tesla aims to operationalize thousands of these robots, with mass production set for 2026. Musk envisions at least 10 billion units in service globally by 2040, with estimated costs between $20,000 and $25,000 per unit.

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BrianNice23

12/02

Delaware judge rejects Musk's unprecedented Tesla pay plan You may have heard the news that a Delaware judge recently shot down Elon Musk's groundbreaking Tesla make-whole plan. This decision confirms an earlier ruling that nixed the 2018 pay plan, and it has serious implications for the company's future. So what's the deal with this make-whole plan? Well, it was intended to align executive compensation with the company's long-term goals and boost shareholder returns. Unfortunately, the court ruled that the plan had some faulty governance and didn't fully comply with the law. As a result, Tesla and Musk may need to revamp their compensation structure. But will this have a positive impact on Tesla's stock price? Only time will tell. The market may see this as a sign of accountability and good corporate governance, which could boost investor confidence and drive the stock price up. But there are certainly risks involved, and the future of Tesla's stock is never easy to predict. For now, it's time to sit back, relax, and see how this all plays out. The important thing is that Tesla is taking steps to address the issues raised by the judge's decision, and we can look forward to seeing how things shape up in the months and years to come.