Tesla shareholders have voted for the questions they want to ask Elon Musk and Tesla’s management at the upcoming earning results this week. The questions have something in common: they are primarily about failed promises.
It should be interesting to see Elon Musk skate around all those questions.
Tesla is going to release its Q4 2024 and full-year 2024 financial results on Wednesday after market close.
After the release of the results, Tesla will hold a conference call where it will take questions from Wall Street analysts and Tesla shareholders.
The shareholders can vote on the questions to be asked on the Say Technologies platform.
Here, I’ve included a list of the most upvoted questions, and I’ve found a common thread: most of them involve failed promises.
Unsurprisingly, the first question is about “unsupervised full self-driving” (FSD). It’s on top of most Tesla shareholders’ minds as CEO Elon Musk himself claims that Tesla is worthless if it can’t deliver on self-driving – something Musk said would happen by the end of every year for the past 5 years.
Musk’s latest timeline for unsupervised FSD was communicated during Tesla’s last earnings when he claimed Tesla would launch “unsupervised FSD in California and Texas around Q2 2025”.
With the timeline approaching fast, shareholders are asking whether or not it’s still happening:
Is unsupervised FSD still planned to be released in Texas and California this year? What hurdles still exist to make this happen?
As we recently reported, the latest data about FSD shows that Tesla is at fewer than 500 miles between critical disengagement, while the head of the FSD program recently said that unsupervised should achieve a disengagement equivalent to the human collision rate: 1 every 670,000 miles.
It’s also possible that Tesla will release a smaller geo-fenced fleet of self-driving vehicles instead of its broader promised unsupervised self-driving for its customer fleet. In that case, it would require lesser performance, but it would still need a roughly 50x increase over the current performance.
The second most upvoted question is about Optimus:
The next question is about Musk giving equity access in his private companies to Tesla shareholders:
Elon has said publicly that long term shareholders of Tesla will have the ability to invest in his other companies. Could you provide some clarity/color as to what that looks like? Brokerage firms use FIFO so anyone who trades won’t have the true length of time as investor.
That’s something that he has been talking about for years with SpaceX, but he never made it happen.
Tesla shareholders are also upvoting a question about making FSD transfer permanent:
Can you please tie purchased FSD to our owner accounts vs. locked to the car? This will help us enjoy it in any Tesla we drive/buy and reward us for hanging in so long, some of us since 2017.
This has been asked several times on Tesla earnings call and Musk has always said no. He prefers using a “transfer window” as demand triggers rather than doing the right thing and letting people transfer the software package that they paid for, but Tesla never fully delivers.
The next question is about cheaper Tesla vehicles:
Is there a new affordable Tesla model coming soon?
This is something Tesla has been promising for years, but Musk has steered Tesla away from it. He canceled Tesla’s planned “$25,000 model” – saying that it was useless amid self-driving.
Over the last few years, he had Tesla focused on the Cybertruck and Robotaxi instead.
More recently, Tesla had to course correct amid declining sales and they announced two new cheaper models based on Model 3 and Model Y that are supposed to come in the first half of 2025. That appears to be what the shareholders want an update on with this question.
Next, they want to know the status of the Tesla Semi:
What is the status on mass production of the Tesla Semi? How do you project it will affect revenue at scale?
Tesla Semi is one of Tesla’s most delayed vehicle programs. It was first unveiled in 2017 and it was supposed to go into production in 2020. It then entered into a low-volume pilot production in late 2022, and it is only now expected to go into volume production next year.
The start of production at the new factory for the electric truck is expected by the end of 2025.
The next question is about HW3 computers:
Is it expected that Tesla will need to upgrade HW3 vehicles and if so, what is the timeline and expected impact to Tesla’s CapEx?
For almost a year, we have been reporting that HW3 computers have reached their limits. At the last earnings call, Musk finally admitted it might be true.
Since then, HW3 vehicles have fallen further behind HW4 vehicles, but there’s no plan for a retrofit in sight.
The last question asked whether Tesla is giving up on the solar roof:
Has Tesla given up on ramping their solar roof product?
Tesla has since stopped even reporting its solar deployment.
Electrek’s Take
I predict that Tesla will double down on Optimus with this earnings call and/or announce or unveil their cheaper vehicles.
Optimus gets a lot of flak, but I think Tesla can solve humanoid robots before it can solve self-driving. There’s value in humanoid robots, not nearly as much as Elon claims, as it is often the case, but I think they will start leaning more on that to wow investors than self-driving.
The only other things that meaningfully drive earnings are cheaper vehicles. Tesla previously said that those would launch in the first half of 2025 so they are basically due to be unveiled. I would expect something to be announced on that front.
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Several well-known players in the US electric bicycle market have recently joined forces in creative ways. Electric Bike Company, known for its local manufacturing in Southern California, has just announced a major merger with Integral Electrics, an e-bike brand uniquely designing electric bicycles for women and other short statured riders.
Both Electric Bike Company and Integral Electrics have carved out interesting niches in the industry. EBC has become famous for its extremely customizable electric bicycles. Riders can choose everything from the specific paint color to the combination of components and even the material choices – locally manufactured wooden fenders, anyone?
With multiple assembly locations across Newport Beach in Southern California, the local production has allowed EBC to respond quickly to one-of-a-kind builds that are designed by customers on its website or in any of hundreds of dealer locations around the US. The extreme customization has lent itself well to a market where customers often want to create unique bikes that show off personality and character.
Integral Electrics has also found itself an underrepresented market, but this time with a focus on female riders. The brand focuses on making cycling more accessible, regardless of a rider’s gender, height, or cycling experience. The company’s e-bikes are built to fit a wider range of riders, carry multiple children, and make cycling easier for everyone.
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The company’s founder and CEO Laura Belmar started Integral Electrics back in 2023 along with co-founder Paul Freedom, relying on her own experience struggling to find a cargo e-bike that she could comfortably ride with her children. A serial entrepreneur with successful ventures already under her belt, Belmar followed her instincts and tapped into that underserved market.
Now Integral Electrics and Electric Bike Company are merging under a single brand, with Integral Electric’s designs joining the EBC family. EBC has several famous models available, but the brand has long skewed more in the direction of cruisers and comfort bikes. The addition of Integral Electric’s cargo bikes and trikes will help further round out the diversity of models offered.
“Integral’s emphasis on female riders and on cargo e-bikes is a welcome addition to the EBC family,” said EBC founder and CEO Sean Lupton-Smith. “We want to stay on the cutting edge of where the e-bike market is headed, and Integral’s innovative approach helps push us forward.”
And with EBC’s local manufacturing, those bikes will be made closer to home than ever. “Building in the USA also has distinct safety advantages,” explained Belmar. “From my first visit to Electric Bike Company’s California factory, I have been indelibly impressed by the emphasis on quality and safety. Shipping bikes fully built and inspected is so much safer for customers. Electric Bike Company has already achieved one of our long-held aspirations. I’m honored to be part of this team.”
In a climate of tariff uncertainty, the ability to build and assemble bikes locally is becoming even more advantageous. “As tariffs, regulation and competition put pressure on the e-bike industry, Sean’s focus on customization and safety at Electric Bike Company was prescient,” added Freeman. “As we look around the industry, it’s clear that he has built a business that is well-positioned to meet this moment.”
As part of the merger, Belmar will assume the role of President and Chief Commercial Officer at EBC, and Integral Electrics’ Advisor Michael Edwards will join the EBC board.
The news of the merger follows quickly behind another major EBC partnership that saw Pedego ink a licensing deal with the brand to leverage EBC’s customization strengths to produce unique customer-designed Pedego e-bikes.
In addition to rolling out EBC’s Design Wall at many of Pedego’s stores, allowing customers to visually construct any e-bike combination right there in real-time on a large touchscreen, the partnership adds Pedego’s 150+ stores to EBC’s 250+ dealer network, giving customers access to one of the most extensive e-bike sales and service networks in the country.
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A nearly $50,000 electric SUV for just $99 a month? If that sounds too good to be true, it’s because it kind of is. One Honda dealer is promoting a Prologue lease offer for just $99 for 24 months, but you may have a hard time getting your hands on one.
Honda Prologue EV listed for lease at just $99 per month
Honda’s electric SUV is already one of the most popular EVs in the US. In December, it was the third top-selling electric vehicle trailing only the Tesla Model Y and Model 3.
Since the first models hit the streets last March, the Prologue climbed to become the seventh best-selling EV in 2024, beating out Chevy’s new Equinox EV and even the Rivian R1S.
Although Honda, like most, is offering generous discounts to clear inventory, one dealer is taking it to the extreme.
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Buena Park Honda in California is promoting a Honda Prologue lease deal for just $99 for 24 months (plus taxes) with a $3,977 down payment. The crazy low offer is for the 2024 Prologue EX FWD with 10,000 miles a year, but there’s a catch.
Honda Prologue listed for lease at just $99 per month (Source: Buena Park Honda)
For one, there’s only one model listed in its inventory, and it’s the Elite trim, listed at $51,850 (MSRP of $59,350 minus the $7,500 federal EV tax credit). You will also need a trade-in vehicle, including a 2014 or newer Honda or competitor brand.
A salesperson from the dealership told online auto research firm CarsDirect that the EX models are out of stock because they are “really hard to get your hands on.”
2024 Honda Prologue Elite (Source: Honda)
Also, if you factor in the down payment and $595 acquisition fee, the effective cost is $295 per month. That’s only slightly better than the official $239 for a 24-month lease offer Honda is promoting. With just $1,499 due at signing, the effective rate is $301 per month, or just $6 more.
2024 Honda Prologue trim
Starting Price (w/o $1,395 destination fee)
Starting price after tax credit (w/o $1,395 destination fee)
Starting price after tax credit (with $1,395 destination fee)
EPA Range (miles)
EX (FWD)
$47,400
$39,900
$41,295
296
EX (AWD)
$50,400
$42,900
$44,295
281
Touring (FWD)
$51.700
$44,200
$45,595
296
Touring (AWD)
$54,700
$47,200
$48,595
281
Elite (AWD)
$57,900
$50,400
$51,795
273
2024 Honda Prologue prices and range by trim
Although this is offered in California and other CARB emissions states, the Prologue is on sale in different regions for just $209 for 24 months. With $2,699 due at signing, the effective rate is still just $321 per month.
Honda says the Prologue “delivers the same level of quality, reliability, and performance” you expect from the brand.
Based on GM’s Ultium platform, the electric SUV has an EPA-estimated range of up to 296 miles. Although it shares GM’s tech, Honda fine-tuned the Prologue with an added multi-link front and rear suspension to give it a more “sporty” drive.
The Prologue has more interior space, with 111.7 cu ft of passenger volume, than the Honda CR-V (106 cu ft). It also features an 11.3″ touch-screen infotainment system with built-in Google, Apple CarPlay, and Android Auto support, something GM has moved away from.
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