Charged: Nikola drops suit againsts Tesla, Musk says FSD Beta 10.9 ready soon

Craig-Hallum thinks Gentherm breakthrough CCS award is for Tesla models 3/Y
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FSD BETA: Tesla (TSLA) CEO Elon Musk said on Twitter that Beta 10.9 for its full self-driving feature “should be ready in about a week.” Musk added that Beta 11 with single city/highway software stack and other architectural upgrades will arrive “probably next month.” He also said that the pricing for its full self-driving feature is rising to $12,000 on January 17.

Meanwhile, CEO Phil Eyler commented that Gentherm (THRM) “had a breakthrough win with one of the largest EV manufacturers with CCS and heat” and would talk more on the earnings call about it. While nothing has been confirmed by the company, Craig-Hallum analyst Ryan Sigdahl has several reasons to believe the award alluded to by Eyler was for CCS on Tesla’s highest-production models, the 3 and Y. Further, the analyst thinks the word “breakthrough” at CCS is key, and the language is consistent with past conference calls for who he believes to be Tesla. Gentherm has been selling steering wheel and seat heaters to Tesla, but higher-ASP CCS would be a significant increase in business, he contended. Sigdahl believes the stock opportunity has never been clearer than right now for Gentherm, and keeps a Buy rating on the shares, with a price target of $100.
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