Starlink has obtained trial authorization from Vietnam to launch internet services until 2030, potentially serving 600,000 subscribers. SpaceX is enhancing services while navigating international regulatory landscapes. Meanwhile, Tesla is improving its Cybertruck’s steering system and Rivian has launched Also, focusing on micro EVs. A Financial Times retraction clarifies earlier allegations against Tesla’s accounting practices, reinforcing the importance of accurate reporting.
Starlink has received approval from the Vietnamese government to commence its internet services within the country. This permission is granted on a trial basis, lasting until the end of 2030, and allows SpaceX to serve up to 600,000 subscribers. Services will include both fixed and mobile internet plans as well as Starlink Aviation services, expanding SpaceX’s foothold in Asia.
Interestingly, the Vietnamese government has indicated there are no restrictions on foreign ownership of the services offered. However, it remains unclear whether SpaceX has formally applied for a license to implement the Starlink services in Vietnam.
In contrast, Italy has opted to halt negotiations with SpaceX regarding Starlink, with Italy’s Defense Minister citing controversies surrounding Elon Musk as the reason for the pause. The discussions in Italy were centered around a potential $1.6 billion contract over five years.
Beyond Vietnam, SpaceX is pursuing opportunities in India, where it has agreements with two major telecom companies. However, regulatory approvals are still pending before launching operations there. In the meantime, SpaceX has been enhancing Starlink services, including plans for a new dish capable of gigabit speeds.
In other news, Tesla is improving its exclusive Steer-by-Wire system for the Cybertruck, which differentiates it from other electric vehicles in its lineup. This innovative system enhances steering mechanisms by using a dedicated mechanism instead of traditional methods, making the Cybertruck easier to maneuver despite its size.
The latest update, to be implemented in the 2025.8.4 Software Update, will enhance the steering wheel feedback to provide a more realistic driving experience that adapts to different road conditions. This functionality will work in conjunction with the adjustable air suspension ride height controlled via the Tesla app.
Additionally, Rivian has established a new startup called Also, which has raised $105 million for the development of micro electric vehicles (EVs). This venture stemmed from Rivian’s efforts to adapt its technology for smaller EV formats while securing a minority stake in the new startup.
Rivian CEO RJ Scaringe mentioned that the startup aims to present its initial vehicle designs later this year, with a focus on producing compact vehicles, including bike concepts, by 2026 for markets in the U.S., Europe, and eventually Asia and South America.
Moreover, the Financial Times has retracted a prior report that alleged Tesla engaged in questionable accounting practices. Tesla CEO Elon Musk responded to the retraction on social media, highlighting the unnecessary spread of initial misleading implications by the publication.
The retraction clarified that discrepancies identified in Tesla’s financial reporting were sustainable under certain considerations, emphasizing the need to rely on auditors’ judgments when evaluating company finances.
Finally, despite significant media attention to allegations of accounting discrepancies, the electric vehicle community has demonstrated an overall sense of support for Tesla in light of the retraction, which acknowledges the complexities of corporate finance.
In conclusion, Starlink’s approval for operations in Vietnam marks a significant expansion for SpaceX, particularly as it grapples with regulatory processes in other regions such as Italy and India. Concurrently, Tesla’s enhancements to the Cybertruck’s steering system reflect its commitment to innovation. Lastly, Rivian’s new venture, Also, signifies a forward-looking approach to micro EV development. The retraction by the Financial Times regarding Tesla’s financial practices underscores the importance of accurate financial journalism and stakeholder trust.
Original Source: www.teslarati.com
