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 The new version, a successor to a limited production vehicle originally made from 2008 to 2012, has delayed production multiple times, but is available to reserve on Tesla’s website for an initial $50,000 reservation.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
Screwworm medications straining animal shelter budgets across Texas
AUSTIN, Texas — The screwworm outbreak is having a major impact on animal shelter budgets across Texas. Instant kill and preventative medications for dogs and cats are an unprecedented expense.
Paul is a rescue dog from South Texas, where he was living on the streets and starving. He is now at Austin Pets Alive! getting Screwworm prevention medication and the treatment he needs to get healthy.
“Any dog that enters our shelter period, but especially if they look like this, we are going over them with a fine-tooth comb and looking for anything that might be a wound where a screwworm might have been able to gain access,” said Dr. Ellen Jefferson, CEO and President of Austin Pets Alive!
RELATED| FDA authorizes generic over-the-counter drug to treat New World screwworm in pets
Dr. Jefferson says dogs and cats need regular checks of their eyes, noses, ears, and underneath their fur. But Austin Pets Alive! says the best protection is a combination of Capstar, which is an instant-kill medication for existing active screwworm larvae, and prescription preventatives that provide ongoing protection when administered every 30 days.
“Just to buy the initial Capstar for our program, it was close to $10,000,” said Rebecca Giamona, Asst. Medical Care Director at Austin Pets Alive!
Giamona says preventative meds are also putting a heavy financial strain on the nonprofit’s budget at a cost of around $70,000.
“We need about 5,000 doses of the monthly preventative, and they are roughly $14 to $15 per dose,” said Giamona.
Products with the active ingredients ending in l, a, n, e, r are highly effective at preventing and treating infestations. But keeping Paul and every shelter animal up to date will take help from the public.
“Donations, and hopefully some more donations,” said Giamona.
An infestation of New World Screwworm can be painful, disfiguring, and potentially deadly for animals. Most cases involve livestock, especially cattle, but dogs and cats can also get infestations.
Austin, TX
Juneteenth celebrations in Austin include parade and fun run
AUSTIN, Texas – Central Texans gather to celebrate Juneteenth or “Freedom Day” on June 19 and commemorate the end of slavery.
What you can do:
The Greater East Austin Youth Association (GEAYA) is hosting the Central Texas Juneteenth Parade and Festival today (6/19).
It’s free and taking place at Rosewood Park in East Austin located at 2300 Rosewood Ave.
The schedule for the events is as follows:
- ACME Juneteenth FunRun – 8:30 AM – 9:30 AM
- Juneteenth Historical Parade – 10 AM – 12 PM
- Park Celebration and Fireworks – 12 PM – 9:45 PM
Other events
On June 20, the Carver Kickback: Juneteenth Edition will be taking place 11 a.m. to 4 p.m. at the George Washington Carver Museum, Cultural, and Genealogy Center located at 1165 Angelina Street.
It will be a day of celebration and remembrance and there will be BBQ plates and music as well as vendors and hands-on activations.
The backstory:
Juneteenth commemorates the end of formal slavery in Texas on June 19, 1865, two and a half years after President Abraham Lincoln signed the Emancipation Proclamation on January 1, 1863, and more than one month following the end of the American Civil War.
Colloquially known as “The Black 4th of July,” Juneteenth marks the beginning of an African American journey to carve a new place in society for free people to shape identities independent of racial caricature, eradicate slave culture, promote ethnic pride, and create economic prosperity.
The Source: Information from City of Austin and Greater East Austin Youth Association and reporting by Jessica Rivera.
Austin, TX
7 Juneteenth celebrations happening in Austin this weekend
Juneteenth celebrations are happening across the city this weekend. The events will mark the 161st anniversary of the day Union troops arrived in Galveston Bay to announce that more than 250,000 enslaved people in Texas were free. The announcement on June 19, 1865, came more than two years after the signing of the Emancipation Proclamation. June 19 — known as Juneteenth — became a federal holiday in 2021.
From historical bike rides to Austin’s annual parade, here are seven events taking place in Austin.
Annual Juneteenth FunRun, June 19
The city of Austin’s African American Cultural and Heritage Facility will host a fun run starting at 8:30 a.m. on Friday at East Martin Luther King Jr. Street and Leona Street, and concluding at Hargrave Street near the Millennium Youth Entertainment Complex. Participants will have one hour to complete the course. The route is the same as the parade through the African American Historical Cultural District that will start later that morning. Runners and walkers of all ages and levels can participate.
Central Texas Juneteenth Parade & Festival, June 19
The annual Juneteenth parade will take place Friday and begin at 10 a.m. at East Martin Luther King Jr. Boulevard and Leona Street and will travel down to Chicon Street before turning on Rosewood Avenue. The parade will feature floats, live music and performers.
A Very Juneteenth Comedy Jam, June 19
The Velveeta Room, Austin’s longest-running comedy club, will have shows highlighting Black voices Friday night at 8 p.m. and 10 p.m. The 18+ event will feature comedians like Freddy Do Less and Roderick McDaniel. Tickets for both shows are around $23.
Sistas Walk And Talk: Juneteenth Edition, June 20
Texas Sistas Society will host a 3-mile walk and talk Saturday at 515 S. Pleasant Valley Road starting at 7:45 a.m. Texas Sistas Society is an Austin-based community created for Black women and women of color. Attendees are encouraged to wear Juneteenth colors: red, yellow, green or black, and to RSVP ahead of time.
The Carver Kickback: Juneteenth Edition, June 20
The George Washington Carver Museum in Austin is dedicated to creating a “space where the global contributions of all Black people are celebrated.” The museum is hosting a free celebration from 11 a.m. to 4 p.m. Saturday with barbecue plates, live music, vendors and activities for all ages.
Black Auteur Film Festival, June 20
The Black Auteur Film Festival, a nonprofit dedicated to uplifting Black filmmakers in Texas, is hosting its third annual film festival to showcase short films directed by Black Texans at AFS Cinema on Saturday. One filmmaker will win the $1,000 “Best of Fest” award, and attendees can enter a raffle for a chance to win Austin Film Society memberships and movie tickets. The festival runs from 2 to 5 p.m. Tickets are $14.
Juneteenth Social Ride, June 21
Black History Bike Ride, an Austin nonprofit teaching people about the city’s Black history through cycling, is hosting its seventh annual Juneteenth ride starting at the Haskell House on Saturday at 10 a.m. Austin-based historian Harrison Eppright will serve as the ride’s guide. Registration is required for all attendees. The event is free, but donations are encouraged.
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