Cybertruck Recall, Tesla Software, and New EV Launches

Electric Vehicle Market Updates

Cybertruck Developments

• A physical recall has been issued for approximately 2,400 Cybertrucks built between July and November due to a drive inverter issue causing potential power loss.
• Despite speculation, demand remains strong, and Tesla has resumed selling Foundation Series units through its inventory website.
• Tesla is scaling back its in-house vehicle wrapping service, reducing options from 11 colors to three, shifting focus as the aftermarket wrapping industry matures.

Tesla Software & Future Tech

• A new Full Self-Driving (FSD) update (v12.5.6.3) introduces a full-stack neural net integrating highway, city, and parking lot maneuvers for more human-like performance.
• Rumors suggest Tesla may launch an Apple Watch app, potentially functioning as a digital key, as hinted in recent app code.

Industry News & Competitor Moves

Strategic Partnerships

"VW is basically utilizing Rivian's architecture and software and their tech in their vehicles. It's such a great partnership."

• Volkswagen has increased its investment in Rivian to a total of $5.8 billion, aiming to accelerate the development of the R2 and share critical vehicle architecture.

Three-Row SUV Landscape

• The market for electric three-row SUVs is expanding with the upcoming Cadillac Vistik, featuring bidirectional charging and four-wheel steering.
• Hyundai is set to debut the Ioniq 9 at the LA Auto Show, expected to feature a spacious, lounge-like interior and a flat floor design.

Global Innovation

• Xiaomi celebrated reaching 100,000 units of the SU7 in just seven months, marking a significant milestone in their competition with Tesla.
• X-Peng has generated buzz with its modular Land Aircraft Carrier, a vehicle/VTOL combination designed to bypass traffic using drone technology.