Elon Musk's Tesla halts production of Model X, Y
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Hiking subscriptions, making robots, and selling fewer cars? Tesla is acting like a tech company in more ways than one.
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.
In the final moments of Tesla's earnings call, Elon Musk urged companies to stop ignoring geopolitical risks by relying on foreign battery production.
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.
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.
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.
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,
Tesla dominated the electric vehicle industry by the mid-2010s with sleek, fast cars that helped combat the public perception that EVs were severely limited by short ranges.
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.