Australian graphite miner Syrah Resources said on Monday it agreed with Tesla to extend for a fourth time a deadline to resolve an alleged default under their graphite supply agreement to June 1.
Tesla CEO Elon Musk announced Saturday his company's "Terafab Project" for in-house artificial intelligence chips will begin on March 21.
Elon Musk announced Tesla's Terafab project, set to launch in 7 days, to produce AI chips for its self-driving tech.
Tesla is stopping production of its Model S and Model X and pivoting towards robotics and autonomous vehicles. Rivian has navigated some difficult times but has managed to keep the much-anticipated launch of its new R2 vehicle on track.
Tesla CEO Elon Musk said on Saturday that the Terafab project will launch in seven days.
Good news: Tesla's European registrations had meaningful gains for the first time in a year. Bad news: It was up against a brutally bad comparison, and year to date is roughly flat.
Tesla's stock dip is linked to delays in robotaxi and full self-driving (FSD) progress. Regulatory approval is crucial for Tesla's future growth narrative.
The war in Iran has pushed gas prices up.
CEO Elon Musk said Tesla will release a new design of its Optimus robot every year. Tesla stock edged lower for the week, fighting for key support.
Tesla stock is facing a sideways consolidation phase. An iron condor trade on the EV maker could generate a solid return in weeks.
Tesla stock (NASDAQ: TSLA) is trading 0.5% down on Friday amid broader volatility in equities owing to the uncertainties around the US-Iran conflict. But the weakness in Tesla stock came as investors weighed developments that could keep the buy-the-dip case alive.
U.S. EV registrations declined for the first time in a decade last year. Tesla's massive market share lead is slowly dwindling.