Elon Musk's Tesla halts production of Model X, Y
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In the final moments of Tesla's earnings call, Elon Musk urged companies to stop ignoring geopolitical risks by relying on foreign battery production.
This merger would bring the Grok chatbot, Starlink satellites, and SpaceX rockets together under one corporation.
In Tesla's annual financial filing, the company said that last year it sold $430 million worth of its energy storage products to xAI, Elon Musk's AI startup.
Tesla is giving the Model S and Model X the ax. Recent sales figures help explain why.
Elon Musk said Tesla Inc. needs to build and operate what he is calling a “TeraFab” to manufacture semiconductors, a massive undertaking that will cost billions of dollars and mark another expansion beyond what had been the company’s core electric vehicle business.
The carmaker used its quarterly earnings report to describe itself as a 'physical AI company.' So far, investors don't seem rattled by the pivot.
One analyst estimates Tesla could ultimately make $25 billion a year by selling Optimus robots manufactured on former Model S and Model X production lines.
Investor Michael Burry of "The Big Short" fame has called Tesla Inc. (NASDAQ:TSLA) and SpaceX CEO Elon Musk a futurist amid talks of mergers between Musk's various companies. An American Treasure "Elon is an American treasure,
The email trail exchanged between Tesla CEO Elon Musk and Jeffery Epstein was part of a cache of 3 million files the Justice Department released from its years-long investigation into the convicted sex offender.