Key Takeaways Tesla’s Gigafactory Berlin is gearing up for a European takeover with the new Model Y. Production lines have transitioned to the new Model Y, codenamed “Juniper.” Consistent production of the new Model Y started on Monday with deliveries expected soon. The vehicle features a redesigned exterior and significant engineering upgrades. New features include…
Key Takeaways Elon Musk’s X is in talks to raise funds at a $44 billion valuation, potentially marking a breakeven point for the platform after its acquisition in 2022. This funding round would be the first since Musk’s acquisition, with ongoing discussions and details yet to be finalized. Previously, Fidelity Investments had marked down its…
Key Takeaways A federal judge denied a bid by state attorneys general to halt DOGE’s work, expressing skepticism about Elon Musk’s role with the initiative. Judge rejected the temporary restraining order as there was not “clear evidence of imminent, irreparable harm.” White House filing confirms Musk is not an employee or leader of DOGE but…
Key Takeaways Tesla’s stock is currently trading at a fraction of its market potential, partly driven by the anticipated growth of its robotaxi business. CFRA Research and Garrett Nelson highlight that Tesla’s global autonomous driving market opportunity might exceed $5 trillion. Morgan Stanley supports CFRA’s view, predicting an $800 bull case scenario for Tesla stock…
Key Takeaways Tesla is preparing to enter the Indian EV market and is reportedly in talks with Tata Motors. Tesla has posted 13 new job openings in Mumbai as part of its entry strategy into India. Prashanth Menon, Tesla’s senior executive, has returned to take a significant role in India after a stint in the…
Key Takeaways 🚗 The Tesla Cybertruck received a five-star safety rating from the NHTSA, the highest rating possible. 📝 The NHTSA’s crash tests included assessments of frontal and side crashes and evaluated the vehicle’s risk of rolling over. 🌟 The Cybertruck earned five stars in the frontal and side crash categories but received a four-star…
Key Takeaways Tesla is constructing its first public Semi Megacharger station in Los Angeles County. The Megacharger will have 12 charging stations and a 1,600-square-foot building with amenities like a lounge and restrooms. The station will be on public land but initially used only for Tesla’s Semi trucks. Tesla’s Senior Manager Dan Priestley confirmed the…
Key Takeaways Tesla’s Megapack batteries will support one of Europe’s largest energy storage systems in the Netherlands. The Project Mufasa aims to reach a capacity of 350MW/1.4GWh with 372 Tesla Megapacks. Return Energy is repurposing a former coal plant to integrate the system into the electrical grid. The facility will provide power to over 200,000…
Key Takeaways The law firm Richards, Layton & Finger has drafted a bill to revise Delaware corporate law, potentially reinstating Elon Musk’s 2018 Tesla pay package. Chancellor Kathaleen McCormick rescinded Musk’s pay package in 2024, citing it was improperly set with misleading shareholder proxy materials. The proposed bill aims to reduce scrutiny on transactions involving…
Key Takeaways Tesla is launching its first stores in India, with locations chosen in New Delhi and Mumbai. Elon Musk met with India’s PM Narendra Modi, reigniting plans for Tesla’s entry into the Indian market. The New Delhi store will be in the Aerocity area, near the international airport, while Mumbai’s store will be in…