Morning Brew - ☕ Let’s see it

Tesla’s robotaxi reveal is upon us.
Advertisement Advertisement
October 04, 2024

Tech Brew

ServiceNow

It’s Friday. Tesla’s hotly anticipated robotaxi, set to be unveiled next week, has been the talk of the automotive market. Tech Brew’s Jordyn Grzelewski gathered some perspectives on what to keep an eye out for.

In today’s edition:

Jordyn Grzelewski, Patrick Kulp, Annie Saunders

FUTURE OF TRAVEL

Big reveal

A coffee mug with the Tesla logo on it filled with a drink with a question mark in the milk Emily Parsons

From Wall Street to Detroit to Silicon Valley, all eyes will be on the Warner Brothers lot in Burbank, California, on October 10, when Tesla is slated to reveal its highly anticipated robotaxi.

The event could mark a major step forward for CEO Elon Musk’s efforts to turn the electric-vehicle maker into an AI and robotics company worthy of a $1 trillion-plus valuation. But given the challenges of deploying autonomous vehicles at scale—as well as Tesla’s own spotty track record on safety and deadlines—it’s also sure to generate a lot of questions.

“It’s a big deal,” Ram Machness, chief business officer at radar technology company Arbe, told Tech Brew. “Everybody is looking at it.”

It comes as Tesla faces myriad challenges including growing competition, recent financial results that underwhelmed Wall Street, and scrutiny into its self-driving vehicle tech. It also comes just before the company reports Q3 earnings on October 23.

The reveal is expected to have a significant impact on Tesla’s stock.

In a July research note following the news that Tesla was delaying the event from August to October, Wedbush Securities analysts wrote that they “believe a linchpin to Tesla reaching $1 trillion-plus valuation and ultimately higher over the next year is contingent on the AI/[Full Self-Driving] story materializing into a monetization path over the coming years.”

On the company’s Q2 earnings call, Musk reiterated his view that “the biggest differentiator for Tesla is autonomy.”

With all of that in mind, here are a few themes to watch for come October 10.

Keep reading here.—JG

   

Presented By ServiceNow

Put AI Agents to Work for People

ServiceNow

GREEN TECH

Keep the lights on

Fiery sunset with a power station collection grid silhouetted Dszc/Getty Images

Between extreme weather, ups and downs in renewable energy production, and stresses brought on by new technologies, the electric grid of the future could be a bit more of a daily roller-coaster ride.

Battery storage will likely be key to weathering these ebbs and flows, but the hefty price tag on most home units puts them out of reach for the average consumer. Or at least that’s the premise of a well-funded new startup called Base Power that’s offering home batteries in Texas for significantly cheaper than many other options on the market.

“The way we think about it is existing home batteries on the market are like Lamborghini batteries, and we’re building Corolla batteries, which is kind of a joke, but kind of serious. And you wouldn’t build a taxi fleet out of Lamborghinis, right?” Base co-founder and CEO Zach Dell told Tech Brew.

Base offers to install a 20-kWh battery for just $3,000 in up-front costs—a similarly sized unit could cost up to $18,000 from other companies without installation. The catch is that Base then becomes the customer’s energy provider and takes a cut of future savings, though it promises to always charge less than a market-average power bill.

The company also plans to offset costs by turning its network of customers into a distributed battery farm of sorts that will offer grid services to power companies.

There are many reasons why Texas is a ready-made laboratory for this kind of power-business experimentation.

Keep reading here.—PK

   

FUTURE OF TRAVEL

On a streak

An electric vehicle at a GM factory The Washington Post/Getty Images

Q3 appeared to be a lackluster one for new-vehicle sales in the US—but electrified vehicles were a silver lining.

Several automakers reported YoY sales declines as consumers dealt with high prices and steep interest rates. The EV market has faced its fair share of challenges this year, too, with much of the industry pulling back on investments amid growing competition and slowing demand.

Still, Q3 appeared to be another record quarter for EVs. Indeed, sales of battery-electric, hybrid, and plug-in hybrid were up by double digits for many automakers even as others reported overall declines.

“The story is steady demand, a slower pace, yet record sales,” Stephanie Valdez Streaty, Cox Automotive’s director of industry insights, said of Q3 EV sales during a recent presentation.

Cox forecast a 2.1% YoY sales drop, but an 8% YoY increase for EVs.

“As competition continues to heat up for the remainder of the year,” Valdez Streaty said, “brands with the right product, right price, and great consumer experience will gain share.”

Keep reading here.—JG

   

BITS AND BYTES

Stat: 60 petabytes. That’s how much climate-related data is contained in the archives of the National Centers for Environmental Information, 404 Media reported. The center’s website and data archive were knocked offline amid Hurricane Helene, which swept through Asheville, North Carolina, where NCEI is headquartered.

Quote: “I ran another extension cord to my neighbor so they could run two refrigerators they have.”—Dustin Baker, a resident of Charlotte, North Carolina, to The Atlantic on how he used his electric Ford F-150 Lightning to power his home (and his neighbor’s fridges) after Helene knocked out power to the region

Read: Main source of chipmaking component imperiled by Helene (Morning Brew)

Discover: ServiceNow’s breakthrough AI innovation can help your customers and employees unlock 24/7 productivity at massive scale.*

*A message from our sponsor.

COOL CONSUMER TECH

Image of a person texting on a smartphone. Egoitz Bengoetxea Iguaran/Getty Images

Usually, we write about the business of tech. Here, we highlight the *tech* of tech.

Tapping tips: We’ve all been typing out messages with our digits for pert near two decades at this point, but what if it could be easier and less error-riddled? The New York Times has some helpful pointers about how to make your thumbs better communicators.

Turns out these bots aren’t super discreet: AI is getting tossed into workplace tools whether we want it or not. Whether you see it as a useful helper or a nuisance to swat away, it’s worth being aware that it could be hanging onto your every word—and perhaps reporting those words to clients and colleagues. The Washington Post detailed a few of these oh no moments.

JOBS

Break free from the job-board cycle. CollabWORK connects you with relevant job openings curated specifically for communities you’re already part of—like Tech Brew. Find high-quality opportunities and land your next big break by joining CollabWORK today.

SHARE THE BREW

Share Tech Brew with your coworkers, acquire free Brew swag, and then make new friends as a result of your fresh Brew swag.

We’re saying we’ll give you free stuff and more friends if you share a link. One link.

Your referral count: 2

Click to Share

Or copy & paste your referral link to others:
emergingtechbrew.com/r/?kid=303a04a9

         
ADVERTISE // CAREERS // SHOP // FAQ

Update your email preferences or unsubscribe here.
View our privacy policy here.

Copyright © 2024 Morning Brew. All rights reserved.
22 W 19th St, 4th Floor, New York, NY 10011

Older messages

☕️ Pull up your pants

Friday, October 4, 2024

Are smart glasses the end of privacy?... October 04, 2024 View Online | Sign Up | Shop Morning Brew Presented By EvonSys Good morning. The organizers of what was supposed to be a very long treasure

☕ Dance, dance

Thursday, October 3, 2024

How Gap is making its marketing dance—literally. October 03, 2024 Marketing Brew Presented By Quad Today is Thursday. Elon Musk's X has reportedly lost 80% of its value since he bought it two years

☕ Retail media matters

Thursday, October 3, 2024

New Albertsons CTV ads and retail media game. October 03, 2024 Retail Brew Presented By National Retail Federation Hey there, it's Thursday, and we were just wondering if you'd like to match

☕️ We have no bananas

Thursday, October 3, 2024

The maker of Jeeps is crashing... October 03, 2024 View Online | Sign Up | Shop Morning Brew Good morning. For anyone asking, it's October 3rd. —Molly Liebergall, Matty Merritt, Cassandra Cassidy,

☕ Consumer retorts

Wednesday, October 2, 2024

What is 'underconsumption core'? October 02, 2024 Retail Brew Presented By Wunderkind Hey, hey. Yesterday's consumer products earnings was a tale of slipping sneaker and soaring spice sales

You Might Also Like

Guest Newsletter: Five Books

Saturday, December 21, 2024

Five Books features in-depth author interviews recommending five books on a theme. Guest Newsletter: Five Books By Sylvia Bishop • 21 Dec 2024 View in browser View in browser Five Books features in-

Read this. You will be glad you did.

Saturday, December 21, 2024

You can support the high-impact investigative reporting of The Intercept AND skip the flood of year-end fundraising emails. Let's all acknowledge the elephant in the room. This is a fundraising

What cephalopods know, and how we know it

Saturday, December 21, 2024

+ Bob Dylan's creative risks ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

It’s Gift-Buying Crunch Time

Saturday, December 21, 2024

Plus: What Chloe Bailey can't live without. The Strategist Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate commission.

Placating Paranoia

Saturday, December 21, 2024

December 21, 2024 The Weekend Reader Required Reading for Political Compulsives 1. What Is MAHA? How wellness culture with legitimate concerns (and some conspiratorial beliefs) became a movement poised

YOU LOVE TO SEE IT: Banning The Bans

Saturday, December 21, 2024

Censorship gets banned, youth score a climate win, nurses win a major union vote, workers' rights are clear and unmistakable, and small businesses go boom. Banning The Bans By Sam Pollak • 21 Dec

The 34 best last-minute gifts

Saturday, December 21, 2024

It's not too late View in browser Ad The Recommendation December 21, 2024 Ad Procrastinators, rejoice A selection of last-minute gifts Wirecutter recommends, including Glerups, water color paint, a

Weekend Briefing No. 567

Saturday, December 21, 2024

My Top 11 Books of 2024 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Your new crossword for Saturday Dec 21 ✏️

Saturday, December 21, 2024

View this email in your browser Challenge yourself — and your friends — with our latest crossword. We have six new puzzles teed up for you this week. Play the latest Vox crossword right here, and find

House Passes Spending Bill, College Football Playoff, and an Armored Catfish

Saturday, December 21, 2024

The House approved a short-term spending bill last night by a vote of 366-34, averting a government shutdown and sending the bill to the Senate for consideration. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏