Tesla News Down After Earnings Summary
- Questions About Tesla’s $5 Billion x AI Investment
Elon Musk has posted a question on X about whether it would be appropriate for Tesla to invest $5 billion in xAI. The current vote is 67.7% in favor and 32.1% in opposition. - Analysis of Dan Ives’ Tesla
Dan Ives said pessimists in the market will focus on Tesla’s gross margin (excluding credit) for the auto sector being 2 percentage points lower than expected. However, he said he sees this as an essential process in Tesla’s growth story, adding that demand for electric vehicles in China is stabilizing and that price cuts have mostly been completed. It also said Tesla’s mood is picking up again around artificial intelligence and reaffirms its target price of $300. - Install Megapack
Megapack with 415 MW / 1,660 MWh capacity will be installed at Akaysha Energy’s Orange site, one of the biggest storage projects in the National Energy Market. - Rivian trial
According to a provisional ruling by a California judge, Rivian will stand trial on charges of encouraging employees who have moved from Tesla to steal trade secrets. - FSD 12.5 Evaluation (ΛIDRIVR)
The FSD 12.5 version of the handle has been evaluated to be really different. It’s hard to convey on video, but it’s said to be softer than any Uber that’s already been ridden. - Former CEO Cruise’s Remarks
Co-founder and former CEO of Cruise said, “GM repeatedly takes 5-10 years to get ahead, but ends up making mistakes and shutting down the business, losing the lead. Does anyone remember EV1?” - SpaceX’s Starlink Aircraft Connection Agreement
SpaceX’s Starlink now has connectivity agreements with commercial airlines, including more than 1,000 aircraft worldwide. This will likely lead to more commercial airlines signing up for the service in the future. - Ford’s Q2 EV Segment Earnings
Ford’s electric vehicle (EV) segment posted revenue of $1.1 billion in the second quarter, but lost $1.1 billion. EV vehicle sales were -23%, EV sales were -37%, and EV operating margin (EBIT) was -99.5% in the second quarter. - Evaluation of the New EPA Driving Range of the 2025 Porsche Taycan
The 2025 Porsche Taycan received a new EPA mileage assessment. The new Taycan has an EPA estimated mileage of 252 to 318 miles, depending on the version. This is an improvement from 206 miles to 246 miles in the previous model.