Key Takeaways Elon Musk hinted at a valuation adjustment for his AI startup xAI, seeking a “proper value.” The investor call, covered by CNBC’s David Faber, sparked speculation about xAI preparing for a significant capital raise. xAI was initially valued at up to $80 billion, while its parent company X had a valuation of $33…
Key Takeaways Tesla missed vehicle delivery estimates in Q1 2025 with 336,681 vehicles delivered worldwide, while producing 362,615 vehicles. The energy division of Tesla showed strong performance, deploying 10.4 GWh of energy storage products. Earnings predictions include gains of $0.35/share on $21.85 billion in revenue, but whisper numbers suggest $0.31/share. Analyst expectations from FactSet predict…
Key Takeaways State treasurers urge Tesla’s board to take control and oversee Elon Musk’s actions more closely. Concerns arise due to Tesla’s 40% stock decline this year and missed performance targets. Tesla’s leadership under scrutiny for divided attention between multiple companies and government duties. Eight state treasurers send a detailed letter asking Tesla’s board about…
Key Takeaways Ukraine is seeking EU satellite alternatives to Starlink due to concerns over Elon Musk’s unpredictability. Starlink is essential for Ukraine’s military connectivity but poses strategic vulnerabilities due to reliance on Elon Musk. European Union’s Govsatcom system is proposed as an alternative, but it can’t fully replace Starlink’s battlefield connectivity. Eutelsat offers a partial…
Key Takeaways Rivian has appointed Aiden Gomez, CEO of Cohere, to its board to bolster its AI strategy. Gomez, an AI expert, co-founded Cohere in 2019, focusing on AI models for companies like Oracle and Notion. Rivian’s collaboration with Volkswagen involves a $5.8 billion joint venture to enhance automotive software and autonomy. Gomez’s expertise is…
Key Takeaways Tesla has launched a five-year, zero-interest financing deal for the Model Y in China. The financing program was announced through Tesla’s official Weibo account. The offer applies to all Model Y variants, RWD and AWD, with starting prices at 263,500 and 313,500 yuan, respectively. Buyers need a down payment of 79,900 yuan, and…
Key Takeaways Tesla may face a new tax in Washington on the emissions credits it sells to other automakers, impacting its revenue stream from these credits. The proposed 10% tax on emissions credits could target roughly $1.79 billion worth of sales globally from last year. Legislation was introduced by Democrats aiming to tax profits attributed…
Key Takeaways Tesla is nearing the opening of a combined diner, drive-in movie theater, and Supercharger location in Southern California, after beginning construction in late 2023. X user BLKMDL3 shared photos showcasing the nearly completed construction, with lit Superchargers and fully paved parking lots. Although still without an official opening date, Tesla appears close to…
Key Takeaways Tesla’s Gigafactory in Texas is manufacturing new castings for the upcoming Cybercab, distinct from those used for the Model Y and Cybertruck. Joe Tegtmeyer’s photos reveal the castings’ shapes align with Tesla’s unboxed production process aimed at producing single-piece castings. Tesla plans to begin prototype builds of the Cybercab this summer and aims…
Key Takeaways Elon Musk sharply criticized a lawsuit alleging Tesla manipulates vehicle odometers to avoid warranty repairs. The lawsuit, filed by Nyree Hinton, claims Tesla uses inflated odometer readings, impacting warranty coverage and repair costs. Hinton reported discrepancies between actual miles driven and odometer readings, resulting in unexpected repair expenses. Musk dismissed the lawsuit as…