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Elon Musk to Leave Tesla Motors After Model 3 Release?

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Is the clock ticking away on Musk’s reign as CEO at Tesla Motors?

During Tesla’s annual shareholder meeting this week, Elon Musk mentioned a September or October release for the Model X. This is the third vehicle to be released by Tesla Motors and the penultimate model before the Model 3 vehicle.

Why is that important? The Model 3 could be Musk’s last vehicle design as Tesla’s CEO. Back in 2013, a Reuters interview asked about his future as CEO of his multiple companies to which he mentioned that he would “stay with the automaker through the successful launch of the Model 3”.

Tesla targets 2017 for the Model 3 release, and with the automaker averaging about three full years between vehicle releases, and the Model X to hit the roads later this fall, do the math and 2018 should be the year Musk leaves Tesla Motors.

>> Related Content: Inside Look from Ashlee Vance on Musk Bio

Why is Musk leaving Tesla after the Model 3? Well, for one, splitting time between various endeavors just isn’t scalable. But more importantly, the recent Elon Musk biography paints a real clear picture of Musk’s first love and larger aspiration: providing regular access to space. The big enchilada.

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SpaceX CEO Elon Musk introduces SpaceX's Dragon V2

Elon Musk stands next to the Dragon V2 capsule, designed for human flight. [Source: Robyn Beck/AFP/Getty Images]

See this excerpt from the Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future:

Musk wants to lower the cost of launches to the point that it becomes economical and practical to fly thousands upon thousands of supply trips to Mars and start a colony. Musk wants to conquer the solar system, and, as it stands, there’s just one company where you can work if that sort of quest gets you out of bed in the morning.

Before this biography, reusable rockets and NASA contracts seemed to be the SpaceX story. SpaceX explains a lot about Musk. After reading this book, a mission to Mars isn’t a pipe dream and illustrates why it’s important for the American psyche.

SpaceX CEO Elon Musk inside the Dragon V2 [Source: SpaceX]

SpaceX CEO Elon Musk inside the Dragon V2 [Source: SpaceX]

It will be a stupendous engineering feat to get to Mars, but Musk’s brain power and leadership could get it done. For SpaceX, the company doesn’t have to rely on as many outside suppliers like Tesla does.

So Tesla fans, enjoy the run up to the Model 3, the marketing genius and leadership of Elon Musk might not be here for much longer.

"Grant Gerke wears his Model S on his sleeve and has been writing about Tesla for the last five years on numerous media sites. He has a bias towards plug-in vehicles and also writes about manufacturing software for Automation World magazine in Chicago. Find him at Teslarati

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Rumors

Tesla India partners with Tata Group on local supply chain: Rumor

Rumors say Tesla & Tata Group are teaming up on a local supply chain, increasing the chances of Tesla India finally being established.

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(Credit: everythingtesla/Instagram)

Tesla India is reportedly partnering with Tata Group companies to establish a local supply chain and domestic parts production.

Tesla India has allegedly partnered with a few Tata Group companies, including Tata AutoComp, Tata Consultancy Services, Tata Technologies, and Tata Electronics. Tesla and the Tata Group companies are reportedly discussing the possibility of establishing facilities in India, near Tata Group’s manufacturing factories.

“Tesla is, in a way, readying the supplier base in India. We are very sure that once Tesla starts manufacturing here, Indian suppliers will benefit from sourcing opportunities,” an industry source told the Economic Times.

Tesla and Tata Group are supposedly discussing the possibility of developing and producing components like castings, forgings, electronics, and fabrication items. A few sources have also hinted that Tesla may intend to procure supplies from companies outside China and Taiwan, like wiring harnesses, electric motors, gearboxes, and castings.

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Tesla wouldn’t be the first company to distance itself from Chinese suppliers. Earlier this year, for example, Panasonic Energy sought to reduce its reliance on Chinese sources, specifically for electric vehicles (EVs) produced in the United States.

Tesla may also be forming stronger ties within India for tax advantages and financial incentives. Last year, the Indian government was close to finalizing a new import tax policy that would encourage foreign EV automakers to invest in the country in exchange for specific tax advantages and incentives. The American EV manufacturer was supposedly set to invest $2 billion in a new plant and buy $15 billion worth of auto parts in India if the new policy would reduce Tesla’s import duties.

India’s strict rules on imported vehicles have always been a point of strain for Tesla’s entry into the country. It has a 60% import duty on vehicles below $40,000 and a 100% rate on vehicles above $40,000. U.S. President Donald Trump and his administration want India to completely eliminate or significantly reduce car import tariffs.

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Tesla Model 3 ‘Highland’ rumored to bring ‘major’ exterior redesign, slew of modern improvements

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tesla model 3 highland
Credit: the Kilowatts

Tesla’s Model 3 “Highland” has been speculated upon for nearly a year after being brought to light in late 2022 by a leaked report. More details continue to pour out, and rumors of a “major” exterior redesign and a slew of modern improvements are set to bring the automaker’s first mass-market vehicle out of the late 2010s and into 2023.

After being brought to light in late 2022, more details about “Highland” have been revealed through various sources. Teslarati has revealed that Tesla has been working on the project for a year now, despite it only being known about since October.

Periodic sightings of the “Highland” Model 3 have shown slightly redefined front ends, new wheels, new taillights, and other improvements cosmetically. However, initial reports had pushed for more attention to be paid to infotainment.

Tesla Model 3 Highland design details and upgrades confirmed

Teslascope is now indicating that Tesla is planning to implement “dozens” of technological advancements that will update the Model 3 significantly. And although Tesla “refreshed” the Model 3 just two years ago, these changes were mostly to update the look without changing the overall design. One example of this is the “chrome delete” look it now equips.

The Model 3 will now feature steer-by-wire, a system that relies on digital signals to adjust the driving experience and remove anything from vibrations to sudden bumps that can be caused by things like potholes.

Tesla will also rumoredly use matrix LED headlights across the entire Model 3 lineup and also use RGB ambient lights for a more modern feel.

Tesla is also looking to be more sustainable with its powertrains for the Model 3 through the use of recycled materials. This a detail that will reportedly spread through the Model 3 program and extend to the Model Y.

It seems Tesla’s biggest goal with the Model 3 “Highland” revamp was to give owners what they wanted, as suggestions were routinely received by CEO Elon Musk on Twitter.

But there’s also an improvement in the quality of parts, which includes upgraded cameras that have been seen on the Hardware 4-equipped Model S, Model X, and Model Y vehicles. These improved quality cameras are set to help Tesla’s self-driving efforts, and many owners have reported the new installations are obviously of higher quality than the old iterations.

Routine sightings of the Model 3 Highland project have continued through the past few months, and hopefully, we’ll be able to see a less-covered version of the car moving forward.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

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Tesla rumored to be purchasing wireless charging company Wiferion

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tesla using a wireless charger
Credit: Tesla

Tesla is rumored to be purchasing wireless charging company Wiferion, a Freiberg, Germany-based entity with charging and power solutions.

Wiferion describes itself as “the industry’s leading supplier of automated, wireless power supply systems.” The company has worked to provide over 100 companies with wireless charging solutions since 2015, when it initially started developing products.

Wiferion entered the North American market after reaching a global licensing agreement with WiTricity last year, which unveiled its wireless charging tech using a Tesla last year.

A report from Gründerszene/Business Insider states that Wiferion is set to offload its business to Tesla International BV, a filing in the German Commercial Register indicates. “The shareholders intend to sell their shares in the company to Tesla International BV by means of a purchase agreement,” the filing said.

Tesla International BV is a wholly-owned subsidiary that operates out of the Netherlands.

The publication went on to ask two Wiferion investors if the sale was taking place, and they confirmed it but would not say what company the deal would be with.

The deal could be a work in progress toward Tesla’s wireless charging device, which it seemed to quietly unveil during the Shareholder Meeting earlier this year. Tesla showed a vehicle sitting above a wireless charging pad in a garage, seemingly hinting toward a wireless charging module that would soon be on the way.

Tesla teases mysterious “wireless” home charger on Investor Day

Tesla has used company acquisitions as a means to move certain projects forward in the past. In 2019, Tesla acquired Maxwell Technologies, only to sell it a couple of years later in 2021. It also bought Hibar Systems in late 2019.

Both of these purchases were groundbreaking moves to help Tesla develop in-house battery cells, which it produces at several of its manufacturing locations, including in California and Texas.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

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