The U.S. National Highway Traffic Safety Administration has intensified its probe into millions of Tesla vehicles, upgrading it to a more detailed engineering analysis of the company's driver assistance system, the auto safety regulator said on Thursday.
Tesla CEO Elon Musk said on Thursday that the automaker may be able to "tape out", a stage when a chip design is finalised and sent to a factory for production, its next-generation AI6 chips in December.
Elon Musk's latest comments highlight a balancing act at the centre of his artificial intelligence strategy. Even as Tesla advances its own chip development and SpaceX deepens its AI ambitions, both companies are expected to continue buying Nvidia hardware at scale.
Billionaire Elon Musk said late on Thursday that his companies SpaceX AI and Tesla expect to continue ordering Nvidia chips at scale.
Tesla (TSLA) reached $392.78 at the closing of the latest trading day, reflecting a -1.63% change compared to its last close.
Shares of Tesla fell in early Wednesday trading, slipping to $398.75, as broader US markets came under pressure following a stronger-than-expected inflation reading. The Dow Jones Industrial Average dropped 351 points, or 0.8%, while the S&P 500 declined 0.5%.
The GraniteShares YieldBOOST TSLA ETF (TSYY) is downgraded to a sell due to unsustainable capital erosion and unreliable income. TSYY's aggressive synthetic option strategy, leveraging 2x TSLA ETFs, exposes investors to amplified downside and unpredictable distributions. Despite a headline 99% yield, TSYY's NAV erosion and declining payouts undermine any perceived income benefit.
TSLA's $4.3B LG Energy deal boosts domestic battery supply for Megapack, but EV weakness and rising spending cloud the stock's appeal.
In no small part thanks to Elon Musk's own claims, autonomous driving vehicles are expected to be widely proliferated in 2026 and bring massive stock market windfalls, but many observers and analysts are seeing a growing opportunity for shorting Tesla (NASDAQ: TSLA) stock.
Samsung Electronics said on Wednesday that it expects to start volume production of Tesla's chips at Samsung's factory in Texas in the second half of next year.
The civil trial in San Francisco centers on a class-action lawsuit filed just before Musk took control of Twitter, which he later renamed X, in October 2022.
LG Energy Solution will produce battery cells for Tesla's fast-growing energy-storage business.