Tesla is set to launch its highly anticipated robotaxi service in California and Texas in 2025, according to Deutsche Bank. The service will rely on a company-owned fleet and feature human teleoperators initially to ensure safety and redundancy. Tesla plans to manage the service through its proprietary ride-hailing app, further consolidating control over its autonomous mobility ecosystem.

In addition to the robotaxi rollout, Tesla remains on track to introduce its cheaper vehicle in the first half of 2025, followed by other models later in the year. Reflecting optimism in Tesla's growth strategy, Deutsche Bank raised its price target for the company's shares to $370. Despite this positive outlook, Tesla's shares dipped slightly to $386.04 on Monday.

This development highlights Tesla's ambitious push into the autonomous ride-hailing market while maintaining safety measures during the technology's early phases.

Photo Credit: Forbes Australia

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𝗦𝗰𝗼𝗽𝗲: Contract is available for supplying and installing essential electrical components for a control systems and cybersecurity lab at a research facility in Cottbus, Germany. The project supports advanced research on integrated energy systems, requiring high-performance electrical equipment.

𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁𝘀:

🔄 Converters: Six bidirectional three-phase AC/DC-DC/AC converters (100-150 kVA/kW, 30-50 kVA/kW, 15-25 kVA/kW) with advanced protection and high-efficiency.

🔌 Transformers: Eight three-phase 400/690V transformers with programmable tap changers for voltage management.

🖥️ Control and Data Acquisition: Real-time computing systems with high-speed communication for complex simulations.

📏 Sensors: High-resolution voltage and current sensors (100 ksps) for precise, real-time data monitoring.

𝗦𝘂𝗯𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗗𝗲𝘁𝗮𝗶𝗹𝘀:

Saudi Arabia has signed power purchase agreements (PPAs) for three solar photovoltaic projects totaling 1.7 GW under its National Renewable Energy Program (NREP).

The projects include:

• Al-Masaa (1 GW) in Hail, awarded to a SPIC-EDF consortium at $0.013/kWh.

• Al-Henakiyah 2 (400 MW) in Madinah, also awarded to SPIC-EDF at $0.015/kWh.

• Rabigh 2 (300 MW) in Makkah, awarded to a consortium of Al Jomaih Energy and TotalEnergies at $0.018/kWh.

These projects align with Saudi Arabia’s goal to generate 50% of electricity from renewables by 2030 and are part of a broader effort to allocate 19 GW under NREP, with plans for a further 4.5 GW in upcoming rounds.

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