Rivian’s new ‹Guardian Mode› will safely move passengers without any driver present


A new patent submitted by electric car maker Rivian aims to create a safe traveling experience without anyone actually operating the vehicle. This would allow the vehicle to transport individuals who are not fully-competent to operate a vehicle to a destination without having a driver present.

Rivian named the patent “Systems and Methods for Operating an Autonomous Vehicle in a Guardian Mode,” and filed it to the United States Patent Office on June 11, 2019. The patent would create a new mode that could allow a physical driver to not actually be present for the duration of a trip. It would instead give the vehicle’s owner the option to request a ride for someone who is not capable of legally or safely operating the vehicle, like a child or a senior citizen. The company calls this capability “Guardian Mode.”

Using examples like a child needing a ride home from school, Rivian mentions that the development of autonomous vehicles are allowing for safe travel without someone having to be in direct control of the vehicle. However, there is the possibility for someone who is not fully competent to still control the car and make use of the vehicle’s autonomous features to travel, even if they are not legally able to.

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Rivian explains this point further in the following section:

Modem autonomous vehicle technology allows an autonomous vehicle to transport passengers between destinations without being directly controlled by a human driver. Consequently, it is now possible for an autonomous vehicle to transport a user who is not fully competent (e.g., a child user, a senior citizen user, or a mentally challenged user) without a fully competent user being present. However, in such a situation, a user who is not fully competent may misuse the capabilities of the autonomous vehicle while in transit. Such misuse may lead to undesirable situations (e.g., a child requesting to go to a wrong location), or even dangerous situations (e.g., a child opening a door while the car is still in motion, or a child unbuckling a seat belt). Consequently, what is needed is an autonomous vehicle with a mode of operation that is appropriate for transporting users who are not fully competent.”

The new “Guardian Mode” would be activated by initially having a user request a destination for their vehicle. Subsequently, the vehicle would ask the user if it would be operating in “Regular Driving Mode” with a driver present, or in “Guardian Mode” without someone directly operating the vehicle. The car would then decide upon a route of travel based on this selection.

Figure 4 of Rivian’s Patent that describes the decision-making process for its new “Guardian Mode”. (Credit: US Patent Office)

“Guardian Mode” would give the person who is present some freedoms within the vehicle, like radio or music operation, climate control, opening or closing windows, or in some cases, request a destination change. All of these options would be enabled or disabled by the owner of the car. They would input a PIN or passcode that would activate or deactivate each of these settings. The patent also states that the vehicle would be in constant connection with a laptop or smartphone to allow for communication between the vehicle and the owner.

In October, Rivian submitted a different patent for a control system that would customize a user’s ability to control certain functions within the vehicle. This was an attempt to increase the safety of the company’s fully-autonomous platform because they recognized that not everyone should have access to some features of the vehicle.

In an attempt to create a safer road, Rivian’s several patents geared toward the development of fully-autonomous driving are a recognition that there are loopholes within the overall framework of the idea. While self-driving vehicles are new and exciting and safer than humans in many ways, there are certain functions that are open for user abuse. One incident of a child getting behind the wheel of an autonomous car could spell disaster for the entire industry and may set back autonomous traveling technology back several years. Before the world commits to a fully autonomous driving future, the industry’s leaders must confront the obvious issues. The submission of these patents is proof that Rivian is facing these challenges head-on.

Rivian’s new ‹Guardian Mode› will safely move passengers without any driver present

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Tesla (TSLA) closes in on $420 as shorts choke on $2 billion loss


Tesla stock (NASDAQ:TSLA) has set new records once more, with shares breaking the $400 barrier on Thursday’s opening bell. Together with a new record market cap of $72 billion, TSLA stock’s recent displays of strength have given yet another massive blow to short-sellers. 

That’s a blow worth over $2 billion and a step towards the proverbial $420 per share mark that CEO Elon Musk quoted during a brief attempt at taking Tesla private last year. 

S3 Partners Managing Director of Predictive Analytics Ihor Dusaniwsky noted in a recent update that as of Thursday, TSLA shorts have swallowed $2.16 billion in 2019 mark-to-market losses. As per the executive’s previous statement, levels beyond $390 per share could signify the start of short covering for TSLA stock. This could result in even more gains for the electric car maker. 

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Tesla remains a heavily shorted company, but short interest in the electric car maker has been at a decline. This means that while there are still a significant number of short-sellers pushing for Tesla’s failure, their numbers are already decreasing, and more may be on the way out as the company continues its rise. Even on Wednesday, for example, Dusaniwsky remarked that there was already a slight squeeze happening. 

Sentiments appear to be improving in Tesla’s favor, at least for the near future. As the company closes in on the end of the year, reports suggest that Model 3 sales are as healthy as ever. With Tesla’s all-electric mass-market sedan saturating the auto industry’s biggest markets, even Wall Street analysts who have expressed reservations about the vehicle in the past are starting to become more optimistic. 

Morgan Stanley’s Adam Jonas, who has adopted both bold and cautious stances in the electric car maker in the past, recently came out with a note. Jonas included a brief anecdote in his note, highlighting the actual impact of the Tesla Model 3 and its inherent disruption, even in places that one may not expect. 

“Last night, I was walking through the streets of Madrid’s Barrio de Salamanca…passed a red Tesla Model 3 dual motor parked on side of the road, sandwiched between two compact diesels. Here I am in the middle of the Spanish capital looking at a $60k product that is manufactured in California. Not just ‘Made in the US.’ It’s made in Silicon Valley. With Silicon Valley input costs, regulations, taxes, and workers paying Silicon Valley rents,” Jonas wrote

If Dusaniwsky’s predictions prove accurate, an actual “Short Burn of the Century” might actually happen soon. In the meantime, Tesla seems poised to end 2019, a year that saw over two-year-lows, the strongest it has been in its history. 

As of writing, Tesla stock is trading +3.00% at $404.96 per share. 

Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.

Tesla (TSLA) closes in on $420 as shorts choke on $2 billion loss

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Tesla to roll out Full-Self driving ‘sneak preview’ and new games in holiday software update


Tesla CEO Elon Musk is gifting Tesla owners a holiday software update that includes Full Self-Driving ‘sneak preview’, popular role-playing video game Stardew Valley, Lost Backgammon, among other things.

Most notably, Musk piqued the curiosity of the Tesla community and fans alike on Twitter when revealing that a preview of its upcoming Autopilot self-driving feature would be made available soon. While he didn’t go into detail, based on statements made in October during the company’s quarterly earnings call — an early access of feature-complete Full-Self Driving was to be released by year-end.

“While it’s going to be tight. It still does appear that we will be at least in limited… in early access release of a feature-complete Full Self-Driving feature this year,” said Musk during the Q3 2019 earnings call.

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With feature-complete FSD, Musk explained that the car will be able to drive without human intervention but it would still be supervised. He described it as a Tesla that’s able to drive from one’s house to work autonomously but requiring supervision and intervention from time to time.

Earlier this month, Tesla rolled out 2019.40.2 version of its software to some electric vehicle owners and this update includes features such as Adjacent Lane Speed Adjustments and Stop Sign Detection that are essential to achieving FSD.

In addition to the new games that will bolster the existing Tesla Arcade lineup that includes Chess, Cuphead, Beach Buggy Racing 2, and more, Tesla may surprise owners with new streaming video services as part of the “other things” being referenced.

Holiday software updates are nothing new for Tesla. In year’s past, the electric carmaker has rolled out holiday-themed Easter Eggs such as Santa Mode, Romance Mode, and arguably its flashiest Easter Egg of all – the Model X Holiday Light Show.

Do you have an early update? Let us know! DM us @teslaratiapp on Twitter, Facebook, or email us at tips@teslarati.com.

Tesla to roll out Full-Self driving ‘sneak preview’ and new games in holiday software update

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Tesla China focuses on hiring at Gigafactory 3 as Model 3 production ramps


Tesla is looking to beef up its workforce in China, and if recent job listings are any indication, it appears that the company is aiming to hire more frontline workers for Gigafactory 3 in Shanghai.

Reports out of China say that Tesla will be conducting a job fair on Dec. 28, 2019, specifically for production line positions such as assembly, powertrain, welding, painting, stamping, quality control, logistics, among others.

Tesla Model S and Model X owner @Ray4Tesla shared the job posts via Twitter, detailing positions to be filled at Gigafactory Shanghai’s final assembly workshop, stamping workshop, painting workshop, and quality department. Roughly translated from Chinese, the post is asking applicants to send in their resumes for initial screening.

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As Tesla prepares to deliver the first Made-in-China Model 3 units to local customers by next month, the electric car manufacturer is also getting ready to ramp up production of the Model 3 to meet the demands in the  largest market for mid-sized premium sedans. Tesla also believes that the country could become its biggest market for the Model 3.

The electric carmaker’s production line at the 210-acre Shanghai facility is estimated to be be producing around 1,000 Model 3 units per week according to local reports. This could be a good boost to help Tesla achieve its goal of producing 360,000 to 400,000 this year. Initially, Tesla plans to produce around 250,000 units per year at the Gigafactory 3 and this will eventually rise to 500,000 vehicles annually.

Tesla has been raising its game in China as recent sightings show that the parking lot at the Shanghai facility is teeming with activities, with more transport trucks coming and going to bring locally-made Model 3s to delivery centers and showrooms across China. Likewise, workers are seen building a temporary parking lot that will possibly hold more Model 3 units rolling off the production line.

Tesla raked in $669 million in revenues from China during Q3 of 2019 and roughly $2.138 billion for the first nine months of the year. These numbers represent about 10.6 percent and 12.4 percent of the company’s total revenue, respectively. One can only expect these figures to go up as Gigafactory Shanghai hits its full production potential.

Analysts in China are optimistic with the entry of Tesla in the country’s EV market. “Tesla is a very famous and hot brand in China. It is not only an EV car brand to consumers, but also a brand of high-technology image,” said senior analyst at Shanghai-based consultancy LMC Automotive Alan Kang.

Tesla China focuses on hiring at Gigafactory 3 as Model 3 production ramps

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Tesla Supercharger Network hits new milestone with 15K open stalls worldwide


Tesla’s rapidly expanding Supercharger Network recently hit 15,000 open stalls across the globe.

According to data from Supercharge.info, a site that tracks applications, permits, and the construction progress at future Tesla Supercharger sites, the number of stalls passed the 15,000 mark sometime between December 7 and December 14. As of December 18, the total number of Supercharger stations worldwide is currently 1,713, with 15,071 open stalls.

The availability of Supercharger stalls has spiked by nearly 300%, from 5,117 individual charging spots in January 2017 to 15,071 in mid-December 2019. Despite this massive amount of growth, more stalls are continuing to pop up every day. Within the last two weeks alone, Tesla has broken ground on ten new Supercharger stations within the United States. Not to mention, Supercharge.info also reveals that numerous stalls remain under construction or awaiting approval.

Credit: Supercharge.info
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Having a higher density of Superchargers, especially around popular routes that may experience congestion, will provide an all-around better experience for the increasing number of Tesla drivers hitting the roads. More chargers will also alleviate thoughts of range anxiety for drivers of Tesla’s  Standard Range and Standard Range+ Model 3.

Tesla’s Supercharger Network will also play a big part in ensuring that the electric car maker’s charging infrastructure is able to support the production ramp of its two high-volume vehicles, the Model 3 and Model Y. The Model Y is expected to outsell the Model S, 3, and X combined, and Tesla will need all the Superchargers it can build to ensure that its upcoming fleet of all-electric crossovers are supported.

In addition to Tesla’s network of over 15,000 Superchargers, owners also have access to over 3,800 Destination Chargers in the United States. These L2 chargers are not as quick as the Supercharger Network, but they are still beneficial as they add to the number of possible locations where someone could add some range to their vehicle.

Tesla’s growing Supercharger Network goes hand in hand with improvements to the company’s battery technology. Tesla has been working on improving its battery tech since it came out with the Roadster, and this allowed the company to establish a solid lead in the EV industry. Tesla’s Model S, for example, is now capable of going as far as 373 miles per charge on a 100 kWh battery. The Porsche Taycan, on the other hand, manages 201 miles per charge on a battery that’s nearly the same size.

People who seek to own electric vehicles and want to spend more time on the road and less time at charging stations will find more benefits in owning a Tesla than any other battery-powered car. Coupled with an expansive charging network, Teslas are also loaded with features that can make charging stops comfortable. Among these are the Tesla Theater and the Tesla Arcade, both of which are accessible when the vehicle is on Park.

Tesla Supercharger Network hits new milestone with 15K open stalls worldwide

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SpaceX’s next Crew Dragon launch is delayed but that’s actually good news


NASA says that SpaceX’s next big Crew Dragon flight test has slipped a bit further into 2020, a counterintuitively positive sign that the human-rated spacecraft’s next launch is firmly scheduled for the first month of the next decade.

Known as Crew Dragon’s In-Flight Abort (IFA) test, SpaceX opted to include the mission in its Commercial Crew contract, a decision NASA chose to leave up to its providers. Boeing, for example, chose not to perform a real-world in-flight abort test of its Starliner spacecraft, instead relying on a pad abort test and digital modeling to determine the spacecraft’s capabilities. NASA allowed this flexibility because it believes – at least theoretically – that it should be possible to determine whether a spacecraft can perform the most challenging abort scenarios without actually doing full-fidelity flight tests.

Given that NASA chose to perform an extremely expensive full-fidelity in-flight abort test with its own Orion spacecraft just a few months ago, one can’t exactly say that the space agency has chosen to reap what it’s sown, but with any luck, the Starliner spacecraft will never have to perform such an abort and find out how close Boeing’s modeling is to reality.

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It’s also worth noting that despite the fact SpaceX elected to perform an extra abort test that will likely destroy an entire Falcon 9 rocket, Crew Dragon development will cost NASA $2 billion (40%) less than Starliner, while each operational Crew Dragon launch will also cost some $250 million (39%) less than a comparable Starliner launch.

As of December 18th, NASA says that SpaceX’s In-Flight Abort (IFA) test has slipped a week from January 4th to January 11th, 2020. Counterintuitively, that delay is actually an extremely encouraging sign that Crew Dragon’s next launch is quite firmly set for the first month of 2020. For reference, as NASA and SpaceX approached Crew Dragon’s Demo-1 orbital launch debut earlier this year, the mission was initially set for January 17th. Around three weeks later, NASA announced that Demo-1 had slipped to no earlier than (NET) “February”. Four weeks after that delay, NASA once again announced another delay to March 2nd, which would turn out to be the day that Crew Dragon really did reach orbit for the first time.

On March 2nd, Crew Dragon lifted off atop Falcon 9 during DM-1, the spacecraft’s uncrewed orbital launch debut. (NASA)

On the other hand, IFA – Crew Dragon’s second launch – had its first firm launch date (January 4th) announced by NASA on December 6th, 2019. Less than two weeks later, NASA says that the launch date has slipped by exactly one week to January 11th, less than four weeks from today. It’s entirely possible that SpaceX’s IFA test will slip further into 2020 in the coming weeks, but compared to Crew Dragon’s Demo-1 mission, both NASA and SpaceX appear to be far more confident in the schedule for Crew Dragon’s second launch.

Regardless of when exactly it lifts off, Crew Dragon’s In-Flight Abort is going to be an extremely challenging test for the spacecraft. Designed to simulate a near-worst-case abort scenario during launch, SpaceX will essentially trick Dragon into believing that Falcon 9 has failed around a minute and a half after launch. At that point, the rocket and spacecraft will be traveling as fast as Mach 2.5 (860 m/s, 1900 mph) and experiencing what is known as Max Q, the point of peak aerodynamic stress (referring to heating, buffeting, pressure, and more).

At that exact point, Crew Dragon capsule C205 will ignite all eight of its SuperDraco abort engines, almost instantaneously producing 130,000 lbf (570 kN) of thrust to send the spacecraft almost a kilometer (0.5 mi) away from Falcon 9 in just a few seconds. If Crew Dragon survives the ordeal, it will quickly detach its trunk section, flip around to face its heat shield towards the ground, and ultimately deploy parachutes before gently landing in the Atlantic Ocean.

Crew Dragon’s In-Flight Abort test should look almost identical to this, except the fixed launch pad will be replaced by a Falcon 9 rocket traveling roughly twice the speed of sound.

SpaceX plans to recover and reuse the otherwise orbit-worthy capsule on a future mission, likely one of the company’s upcoming CRS2 space station resupply launches. Finally, if everything goes exactly as planned during the In-Flight Abort test and both NASA and SpaceX see no issues with the flown hardware or data the test produces, Crew Dragon Demo-2 – the spacecraft’s first astronaut launch – could potentially be ready for flight as early as February or March 2020.

Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes.

SpaceX’s next Crew Dragon launch is delayed but that’s actually good news

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Tesla shorts burned anew with TSLA’s record $70B market cap and new all-time-high


Tesla (NASDAQ:TSLA) has dealt another painful blow to short-sellers on Wednesday, as the electric car maker hit a record market cap of $70 billion and shares hit new all-time-highs. TSLA has achieved these milestones as ardent bulls and even longtime bears from Wall Street begin acknowledging the company’s substantial lead in the electric vehicle space. 

Tesla continued to show strength on Wednesday’s intraday, with the stock climbing over 2%. This ultimately pushed the electric car maker’s market cap to a record high of $70 billion, marking its place as the world’s 3rd-most valuable carmaker. TSLA shares also traded as high as $389.28, beating the company’s previous all-time high of $386.99, which was reached on June 19, 2017. 

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In a recent update, S3 Partners Managing Director of Predictive Analytics Ihor Dusaniwsky noted that there appears to be a squeeze going on today, though not at a scale that would qualify as Tesla CEO Elon Musk’s “short burn of the century.” “$TSLA shares shorted is -118k below 1/1/19 level – seems there has been a squeeze of 2019’s first half of the year short activity,” the S3 Partners Managing Director wrote. 

While the stock’s current levels are likely not yet enough to trigger a full-on short squeeze, Dusaniwsky has previously stated that there would likely be a good amount of short covering in the $390 range since shorts would be down another -$1.5 billion in mark-to-market losses at those levels. With the ATH now breached and the stock seemingly on the verge of knocking on $390 per share, TSLA shares are now approaching the S3 Partners’ expected short squeeze range. 

Tesla is enjoying some momentum as of late. In a recent appearance at CNBC‘s Squawk Box, TSLA bull Colin Rusch of Oppenheimer stated that the electric car maker has already made it through its most difficult days. When faced with the argument from Vanity Fair‘s Bethany McLean that Tesla’s futures may be in some way in danger due to Elon Musk’s capability to raise money and the company’s potential profitability issues, Rusch was quick to point out that such statements are no longer relevant to Tesla at this stage. 

“I don’t think this is about Elon anymore. This is about what’s going on in the market with cars. Consumers are going towards premium and sustainable solutions. They’re willing to pay for that sustainability. They’ve got $5 billion of cash on the balance sheet, and they’re growing with a lot of operating leverage. I think your point was relevant a year and a half ago, maybe two years ago, and now it’s just not,” Rusch said. 

Even when faced with the argument that more and more people were buying larger trucks and SUVs, Rusch was quick to correct the CNBC panel that such trends are true in the United States, but not necessarily the entire world. The analyst is correct on this point, as large vehicles that are extremely popular in the US such as the Ford F-150 are generally not preferred by consumers at all in large regions such as Europe. This is a reason why the Model 3, a sedan, continues to perform well on the market. 

As of writing, Tesla stock is trading +2.67% at $389.11 per share.   

Watch Colin Rusch’s of Oppenheimer engage CNBC‘s panel in the video below.

Tesla shorts burned anew with TSLA’s record $70B market cap and new all-time-high

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SpaceX and Boeing’s crewed capsule race heats up with Starliner’s Friday test flight


The first week of December kicked off a flurry of productivity for NASA Commercial Crew Program partners SpaceX and Boeing. Ahead of crewed astronaut flight in 2020, both partners are working toward the completion of integral test flights of the two crew capsules that will carry astronauts to orbit from American soil for the first time since 2011.

While SpaceX nailed down a firm targeted launch date for the upcoming in-flight abort (IFA) test of its Crew Dragon capsule, Boeing and launch provider United Launch Alliance (ULA) worked to complete what is known as an Integrated Day of Launch Test (IDOLT) – a standard procedure ahead of human-rated spaceflight.

This type of rehearsal was routinely completed during the space shuttle era – then referred to as Terminal Countdown Demonstration Tests. The IDOLT was a final major step ahead of the orbital flight test (OFT) of the Atlas V and Boeing Starliner capsule. The upcoming flight test will closely reflect procedures completed by SpaceX with the Falcon 9 and Crew Dragon capsule during its version of the orbital flight test referred to as Demonstration Mission – 1 which previously occurred in March of 2019.

Earlier in the week, ULA rolled out its mighty Atlas V rocket topped off with the Starliner crew capsule from the Vertical Integration Facility to the Space Launch Complex – 41 launchpad at Cape Canaveral Air Force Station. Once at the launchpad, the Crew Access Arm featuring a “white room” at the end that secures to the Starliner capsule to allow astronaut entrance was swung to the capsule for the very first time.

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On Wednesday, December 4th, ULA and Boeing teams prepared to support the IDOLT, while SpaceX teams worked nearby at Space Launch Complex – 40 to support the CRS-19 resupply mission to the International Space Station. The simultaneous preparations resulted in the unique opportunity to view both rockets slated to support crewed astronaut flights in 2020 on launchpads and essentially prepared for flight.

While SpaceX ultimately successfully launched and landed a brand new Falcon 9 booster during the CRS-19 mission on Thursday, December 5th, a scrubbed attempt meant a one-day delay of launch which in turn resulted in a one-day delay for Boeing and ULA’s IDOLT and wet dress rehearsal (WDR).

Falcon 9 B1059 lifts off with Cargo Dragon on its December 5th launch debut. (Teslarati – Richard Angle)

The scrubbed launch essentially tied up range operations of the 45th Space Wing so that the area around the active launch pads – air, sea, and land – could not be secured for both events to take place on the same day. As the CRS-19 launch was an active operation for both SpaceX and NASA, it took precedence over ULA and Boeing’s rehearsal. Instead, Thursday was used to complete other necessary vehicle testing by Boeing and ULA.

Friday’s IDOLT ahead of Starliner’s flight debut for the OFT was a coordinated effort by NASA, Boeing, and ULA teams in multiple locations around the country.

The teams went through actual fueling procedures the Atlas V rocket and Centaur upper stage. Atlas V was filled with a type of rocket-grade kerosene propellant, RP-1, on Wednesday ahead of the IDOLT. The Centaur upper stage fully filled with cryogenic propellants – liquid oxygen (LOx) and liquid hydrogen.

Once fueling had completed Boeing’s “Blue Team” entered the pad to begin their synchronized rehearsal portion of the launch day sequence to prepare and secure the Starliner capsule and astronauts flying aboard.

Once the Blue Team completed all tasks and were evacuated from the pad, flight controllers from NASA’s Johnson Space Center in Houston, TX gave the “GO” command and proceeded with terminal count until reaching T minus-0 at which point the test concluded. The cryogenic propellants were drained and the vehicle was safed to be safely returned to the Vertical Integration Facility where final steps will be taken to prepare for launch.

The next time the teams will all work together in such coordinated fashion this will be on the day of launch. In mid-2020 the teams are expected to work together once again to support the Crewed Flight Test (CFT) which will send NASA astronauts Col. Mike Fincke, Nicole Mann, and Christopher Ferguson.

Until then, however, they will have to settle for the uncrewed test flight. According to ULA president and chief executive officer, Tory Bruno, post-WDR data evaluation and joint flight readiness review conducted by all teams involved are proceeding smoothly. Should all go to plan, the Atlas V and Boeing Starliner OFT will launch at 6:36 am EST on Friday, December 20th.

Check out Teslarati’s newsletters for prompt updates, on-the-ground perspectives, and unique glimpses of SpaceX’s rocket launch and recovery processes.

SpaceX and Boeing’s crewed capsule race heats up with Starliner’s Friday test flight

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Tesla Cybertruck gets seal of approval from tough ‹Shark Tank› judge Mr. Wonderful


The Tesla Cybertruck continues to grow on more and more people. Since its unveiling, auto experts and actual truck owners have come to defend the vehicle, dubbing the all-electric pickup as a bold move in function and form. The Cybertruck has indeed impressed its own fair share of Tesla critics, including, as it turned out, Shark Tank judge Kevin O’Leary, better known by his tongue-in-cheek nickname Mr. Wonderful. 

Kevin O’Leary has not always been a fan of Tesla, particularly its stock, at one point even admitting that he hated TSLA. He has since changed his stance on the electric car maker, even investing in Tesla himself after seeing the capability of the company to attract the best and most driven talents available. Yet, despite this, O’Leary is still as sharp and critical as ever. In true Mr. Wonderful style, O’Leary is never one to hesitate when calling out something he deems as a failure. 

One could recall a Shark Tank episode from 2016 involving aspiring entrepreneur Allison DeVane, whose idea for her business, Teaspressa, failed to get a positive response from any of the sharks. Shark Tank judge Lori Greiner was quick to console the contestant, saying “Don’t look at this as a failure.” O’Leary promptly countered, saying “Look at this as a failure.” His statement was met with much disdain from fellow Shark Tank judges and viewers alike, with fellow shark Mark Cuban telling O’Leary to “shut up.” Fans of the show also stated that it seemed all too easy for Mr. Wonderful to kick someone that was already down. 

Tesla Cybertruck unveiled in Los Angeles, Nov. 21, 2019 (Photo: Arash Malek)
Tesla Cybertruck unveiled in Los Angeles, Nov. 21, 2019 (Photo: Arash Malek)
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O’Leary has always been a direct and somewhat brash critic. In the case of the Tesla Cybertruck, Mr. Wonderful will likely be one of the first to say that the vehicle has no chance in the market. Yet, in a recent conversation with noted YouTube tech reviewer Marques Brownlee, O’Leary admitted that he actually placed a reservation for the upcoming all-electric pickup. He is even getting the tri-motor AWD variant so that he gets maximum range and power for long trips. Discussing his reservation, O’Leary stated that the Cybertruck is not really a pickup truck in the traditional sense of the word. 

“It’s not a pickup truck. It’s some kind of other thing, but it’s grown on me. That Elon guy, he kind of steps ahead. He kind of reminds me of Steve Jobs in a way. I used to work for Steve in educational software and I’d always say to him ‘Steve, what about the research.’ He said ‘Screw the research.’ People don’t know what they want until I tell them.’ And I said, ‘You arrogant prick. How can you say that?’ And he was 100% right. That was it. He was not an easy guy to work for, I gotta tell you. And I’m trying to be nice,” O’Leary said. 

O’Leary’s statements about market research are true. Tesla and Elon Musk did not do traditional market research for the Cybertruck, which is among the reasons why the vehicle in itself is so radical. Despite this, the vehicle is also a culmination of exchanges between Elon Musk and the online community, with both parties brainstorming features and capabilities that are most important in an all-electric pickup. As Mr. Wonderful said, people like the legendary Steve Jobs and Elon Musk are steps ahead. For visionaries such as these, market research may not be a very useful tool at all.  

Watch Mr. Wonderful and MKBHD’s conversation in the video below. 

Tesla Cybertruck gets seal of approval from tough ‹Shark Tank› judge Mr. Wonderful

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[Updated] Tesla to reduce China-made Model 3 price by 20 percent: report


Tesla will reduce the price of its Made-in-China Model 3 electric sedans by 20 percent or more next year, according to a report by Bloomberg.

Update: Tesla China has refuted rumors of a China-made Model 3 price drop

The U.S. carmaker is preparing to deliver the first units of its locally-produced Model 3 that has an initial price set at $50,800.

Citing individuals familiar with the plans, Bloomberg notes that Tesla will likely cut the price of the China-built Model 3 in the second half of 2020 as a means to lure additional buyers in the world’s largest electric vehicle market. Analysts believe that Tesla will be able to further reduce production costs by sourcing components for Made-in-China Model 3 units locally, including the cost-heavy batteries.

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Tesla batteries are among the biggest expenses for vehicle production. Making a shift in battery suppliers from long-standing partner Panasonic Corp. to South Korea’s LG Chem, Tesla looks to streamline its supply chain and find cost efficiencies.

Additionally, earlier reports indicate that Tesla is exploring locally-produced batteries from China’s Contemporary Amperex Technology, and will implement them in the same timeframe as Made-in-China Model 3 price cuts.

A lower price for the locally-produced Model 3 will not only put Tesla at an advantage over local manufacturers but may also help the slumping electric vehicle sales in China rebound by next year. In November, the sales of new-energy vehicles in the country dropped by 43.7 percent or to about 95,000 units.

The slump on EV sales in China was partly-triggered when the government removed most subsidies in June. However, earlier this month, the country’s Ministry of Industry and Information Technology announced a list of new energy vehicles, including Tesla’s locally-made Model 3 sedans, qualified for incentives.

As Tesla continues to position the brand in China, its Shanghai Gigafactory 3 continues to ramp up production of the Model 3 and is preparing for its first customer deliveries.

[Updated] Tesla to reduce China-made Model 3 price by 20 percent: report

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