Austin, TX
Tesla teases new vehicle in latest earnings report
Tesla’s next generation vehicle will be made in Austin, the company announced Wednesday.
The Austin-based company, which shared its fourth quarter 2023 earnings report Wednesday, teased that it would be making its next vehicle platform in Austin, but gave little detail beyond that.
The company listed the vehicle as “in development” in the earnings report but disclosed no real details on the vehicle itself, including what the price points, name or vehicle type would be. Tesla also did not mention a timeline for its launch.
“We are focused on bringing the next generation platform to market as quickly as we can, with the plan to start production at Gigafactory Texas,” Tesla said in the report. “This platform will revolutionize how vehicles are manufactured.”
On a call with investors Wednesday, CEO Elon Musk said more details on the platform will come later.
“Perhaps the most important competitive characteristic for Tesla in the future will be manufacturing technology and you will really see that come to bear with our next gen vehicle,” Musk said. “The first manufacturing location for this will be at our gigafactory and headquarters in Austin, Texas and then we will follow that up with other locations around the world.”
Tesla also warned that its growth rate “may be notably lower” in 2024 as it works towards launching the vehicle. In the report Tesla noted it is “currently between two major growth waves,” saying the next wave could be driven by its next-generation vehicle platform.
The warning came as competition in the electric vehicle market heats up. Chinese automaker BYD was the world’s largest seller of electric vehicles in the fourth quarter, unseating Tesla for the first time, according to a report by Reuters. During the fourth quarter BYD sold 526,000 vehicles compared to Tesla’s 485,000. However, Tesla still made the most electric vehicles overall in 2023.
The company also listed its second-generation Roadster sports car as “in development” on its earnings report. The new version, a successor to a limited production vehicle originally made from 2008 to 2012, has delayed production multiple times, but is available to reserve on Tesla’s website for an initial $50,000 reservation.
The new platform announcement follows a Wednesday morning report from Reuters that said Tesla was working on producing a new mass market electric vehicle codenamed “Redwood” in mid-2025. The report, which cited sources familiar with the matter, said the vehicle could be a compact crossover and production could begin in July 2025.
Musk has previously promised the company would work on more affordable electric vehicles, including a sub-$25,000 vehicle and self-driving robotaxis, which have yet to come to fruition.
Musk confirmed on the investor call the company expects to start production in the second half of 2025, but noted he is typically optimistic about timelines and it would include a lot of new “revolutionary” manufacturing technology.
Musk added that he wants the vehicles to start production in Austin because it “will be a challenging ramp,” and likely will have engineers sleeping and “living” on the production line to make it possible.
“We really need engineers to be living on the line,” Musk said. “This is not the sort of ‘off the shelf, just works’ sort of thing. I am confident that once it is going it will be head and shoulders above any other manufacturing technology that exists in the world.”
The company most recently released a new vehicle late last year when it delivered its first handful of its long-anticipated Cybertrucks. In its earnings report Tesla said it has ramped up capacity to build over 125,000 Cybertrucks a year in Austin.
The company noted in the earnings report it expects the production ramp up to be longer than other vehicles because of Cybertrucks’ “manufacturing complexity.” CEO Elon Musk has repeatedly warned of difficulties scaling up production for the vehicle and the company has not said how many it initially delivered nor how many it expects to in 2024.
Tesla also produces Model Y vehicles and batteries at its Austin gigafactory, Giga Texas. In the report Tesla said in now has capacity to produce 375,000 Model Y SUVs a year in Austin.
Tesla shares fell about 3% after hours as the company missed Wall Street expectations with the company reporting revenue of $25.17 billion in the fourth quarter, compared to the $25.6 billion expected by FactSet analysts. The revenue was a 3% increase overall from the same time last year.
The company had already released its fourth quarter and full year delivery and production numbers earlier this month, reporting that it delivered 1.8 million vehicles in 2023 including 485,000 in the fourth quarter. Deliveries are Tesla’s closest approximation to vehicle sales.
The earning’s report also comes as Musk demanded more control of Tesla this month if the company is to be a leader in AI or robotics. The CEO, who already has a number of other companies including SpaceX, xAI, Neuralink and The Boring Company, said he would rather focus on building products at another company if he doesn’t get his way.
Austin, TX
Austin activists hold anti-ICE protests following the death of Renee Good in Minneapolis
Chants of “shame” and “ICE out of Texas” rang through the street as Austin-area activists joined thousands across the nation in protesting the killing of Renee Nicole Good, who was fatally shot Wednesday by an Immigration and Customs Enforcement officer in Minneapolis.
The protest was held in front of the U.S. Department of Homeland Security building in Pflugerville.
Good, 37, was shot in her SUV while attempting to drive away from several ICE officers who ordered her to exit her vehicle.
Scarleth Lopez with the Party for Socialism and Liberation, the organization that led the protest, said the videos of the shooting in Minneapolis were “sickening.”
“Trump has lied and and said that Renee was a terrorist. She was a mother. She was an innocent bystander,” Lopez said. “We must organize to stop these people from kidnapping and murdering.”
Lorianne Willett
/
KUT News
Elizabeth Bope, a retired Pflugerville ISD teacher, said the claims from federal and state lawmakers that Good was attempting to strike the ICE agent with her vehicle inspired her to attend the protest.
Such claims were posted online by Vice President J.D. Vance and Texas Sen. Ted Cruz. Attorney General Ken Paxton reposted a statement from DHS on X, formerly known as Twitter, that said the ICE agent “relied on his training and saved his own life.”
“It’s beyond really any words that they killed this woman for no reason, but also that they’re lying about it,” Bope said. “I’m not even a radical left person, I’m just a regular old Democrat.”
Other key Texas leaders, including Gov. Greg Abbott and Lt. Gov. Dan Patrick, have not commented on the shooting.
Lorianne Willett
/
KUT News
Doug Tickner, who said he works for a home building company in Austin, said he felt it was important to show up in person for Good.
“I don’t really think of Minneapolis as being that far from here, and it’s not like what happened in Minneapolis was some sort of one off unique event,” Tickner said. “This is part of a pattern, and I feel folks better wake up and realize that this is becoming more and more serious.”
The news that federal immigration officers shot and wounded two people in Portland, Oregon, broke hours before the protest.
The gathering in Pflugerville is among the first of four anti-ICE demonstrations planned across the Austin area over the next few days.
Earlier on Thursday, protesters gathered at the intersection of 45th Street and Lamar Boulevard during rush hour. A protest on Friday will be held at the Capitol and another will be held Saturday at City Hall.
Lorianne Willett
/
KUT News
State and federal leaders are now sparring over who should conduct an investigation into the Minneapolis shooting, according to NPR.
Minnesota’s Bureau of Criminal Apprehension, which was originally asked to conduct a joint investigation with the FBI, said in a statement it was later told the investigation would be led solely by federal authorities.
Austin, TX
Flesh-eating screwworm may be moving closer to Texas on its own, ag commissioner says
AUSTIN, Texas – A Texas agency is concerned that the flesh-eating New World screwworm could be getting closer to Texas without commercial livestock movement.
Texas Agriculture Commissioner Sid Miller is sounding the alarm again for livestock owners to remain vigilant in watching for signs of the parasite in their animals.
Screwworm sighting near Texas
The latest:
Miller said in a Thursday release that a screwworm had been detected in a cow in González, Tamaulipas, a little more than 200 miles from the southern Texas border.
According to the commissioner, the cow had no reported history of movement outside Tamaulipas, and is the third active case reported there.
Officials in Mexico have not reported a known population of the worm in Tamaulipas. They’re working with U.S. authorities to investigate further into the new case.
What they’re saying:
“The screwworm now may be moving closer on its own, with no apparent link to commercial animal movement,” Commissioner Miller said. “Texas producers must act now—stay informed, stay vigilant, and prepare immediately. We cannot drop our guard for even a moment.”
Inspect livestock for screwworm
What you can do:
Miller urged immediate action from ranchers along the Texas border.
“Inspect your animals daily,” Miller said. “Check every open wound. If anything looks suspicious, report it right away. Better a false alarm than a delayed response—early detection and rapid reporting are our strongest defenses against this devastating pest.”
U.S. plan to fight screwworm in Texas
Big picture view:
The threat to cattle has been deemed so potentially devastating to the U.S. food supply that the federal government is committing $850 million to fight it.
Most of that money will be spent on building a sterile male fly production facility near the border.
The facility will produce 300 million sterile male flies a week to be dropped into target areas where the screwworm is now. Those male flies help to reduce the population size through mating without reproducing.
A much smaller portion of the funding will be used for screwworm detection technology.
In addition, the federal government has already spent $21 million on a sterile fly production facility in Mexico.
What are New World screwworms?
Dig deeper:
The insect gets its name because it’s only found in the Americas.
It lays its eggs in the open wounds of animals, and its larvae become parasites, threatening livestock, domestic animals, and even people.
The screwworm was mostly eradicated in Texas and the rest of the United States in the 60s. But now, it’s moving north up from Panama and has a known presence a little over 300 miles south of the Texas-Mexico border.
The Source: Information in this article comes from Sid Miller.
Austin, TX
LD Systems expands Texas Footprint with Austin Location and welcomes ILIOS Productions — TPi
For over two decades, ILIOS Productions has been a key part of the live events community in Austin, TX, transforming spaces and audience experiences with a vast range of lighting and video design, as well as event production services across a diverse client portfolio. Now, with the backing of parent company Clair Global, LD Systems, a Houston-based premier provider of audio, video, and lighting for event production and installed technology solutions, is welcoming ILIOS Productions to the team, marking the group’s fourth location in Texas. ILIOS Productions will now operate under the LD Systems brand.
LD Systems will further resource ILIOS’ existing Austin operation to include additional services such as audio and rigging for live events, as well as integration solutions and services. This addition helps round out LD Systems’ ability to locally serve major metropolitan areas across Texas, including Houston, San Antonio, Dallas-Fort Worth, and Austin and reflects Clair Global’s continued focus on offering global resources while maintaining strong local-market expertise and responsiveness.
ILIOS Productions’ experience spans the concert and festival sector, corporate and activations, and high-end private, philanthropic and charitable events. The company’s commitment to critical event delivery has established trust with major brands including Lollapalooza, SXSW, Austin City Limits, Google, YouTube, the University of Texas System and many more.
Founder, President & Sr Ops Manager of ILIOS Productions, Bryan Azar, said: “After many years of working alongside LD Systems in Austin and beyond, we are delighted to be joining their world-class organisation. This is an exciting new chapter for a bolder future together.”
Zach Boswell, General Manager, ILIOS Productions, added: “We are passionate about the work we do, and the community and business culture found at LD Systems is the ideal next step for our dedicated employees to progress as a united workforce.“
LD Systems co-founder and President, Rob McKinley commented: “We are delighted to amplify our service offerings in Austin with the addition of Bryan and his exceptional team of technology professionals. They have made a significant difference to many Texans with the work they undertake, and LD Systems is proud to welcome both their talent and ethos to the company.”
Building on this momentum, LD Systems also announced plans to expand its San Antonio facility into a new location in January 2026. Together with the addition of ILIOS Productions in Austin, this investment reinforces the organisation’s long-term investment in Texas and its dedication to meeting growing client demand with enhanced capacity and infrastructure.
www.ldsystems.com
-
Detroit, MI6 days ago2 hospitalized after shooting on Lodge Freeway in Detroit
-
Technology3 days agoPower bank feature creep is out of control
-
Dallas, TX4 days agoDefensive coordinator candidates who could improve Cowboys’ brutal secondary in 2026
-
Health5 days agoViral New Year reset routine is helping people adopt healthier habits
-
Iowa3 days agoPat McAfee praises Audi Crooks, plays hype song for Iowa State star
-
Nebraska2 days agoOregon State LB transfer Dexter Foster commits to Nebraska
-
Nebraska3 days agoNebraska-based pizza chain Godfather’s Pizza is set to open a new location in Queen Creek
-
Entertainment2 days agoSpotify digs in on podcasts with new Hollywood studios