MUSK TO CLOSE TWITTER DEAL + TESLA REMOVES SENSORS

EV Channels Review

The Tesla Daily podcast covers two significant developments: Elon Musk's renewed commitment to closing the Twitter acquisition and Tesla's decision to remove ultrasonic sensors from Model 3 and Model Y vehicles. On the Twitter front, Musk has signaled an intent to proceed with the deal at the original $54.20 per share price, contingent on the Delaware court halting proceedings. The podcast discusses the potential need for Musk to sell more Tesla stock to finance the deal, navigating blackout periods and the possibility of margin loans or external equity. Regarding Tesla vehicles, the removal of ultrasonic sensors in favor of Tesla Vision is detailed. While this move is expected to save costs and reduce complexity, features like park assist, auto park, summon, and smart summon will be temporarily unavailable, with plans to restore them via over-the-air updates starting in October. The episode also briefly touches on Rivian's Q3 production numbers, indicating they are on track to meet their revised annual guidance. Overall, the podcast provides a pragmatic overview of these evolving situations.