Tesla News Summary

24/8/5 #Tesla News Summary

1. Elon Musk’s Remarks

• It noted that other companies dumping EVs with negative gross margins could be problematic, and it won’t last long.

1. Tesla Giga Shanghai Sales

• It recorded wholesale sales of 74,117 units in July, its highest monthly sales since March.

1. Coretex Supercomputer Cluster

• The official name of the supercomputer cluster at Tesla’s Gigafactory in Texas is “Cortex.” When completed, it will be a multi-billion dollar computing cluster, which is expected to greatly advance fully autonomous driving (FSD) technology.

1. Electric Vehicle Battery Prices Fall

• According to Goldman Sachs’ analysis, battery prices are expected to fall by about 40% between 2023 and 2025.

1. Donald Trump’s support for EVs

• The former president has said he supports electric vehicles, noting that this is due to Elon Musk’s support.

1. China Energy Plant Mega Factory Progress

• The progress of Tesla’s China Energy Plant Mega Factory has been made public. According to reports, the construction of basic foundation frameworks is almost complete.

1. Tesla’s China Insurance Brokerage Registration

• There is a possibility that we will try again to approve the sale of insurance products in China.

1. Washington State’s New EV Rebate Program

• It helps low-income residents lease or purchase electric vehicles cheaply.

1. SpaceX’s Raptor 3 Rocket Engine

• It does not require a heat shield, it is lighter and has improved propulsion and efficiency.

1. Neuralink’s Second Human Experiment

• Elon Musk announced that his company, Neuralink, has officially transplanted a brain chip into a second human. Patients who receive the chip can control their mouse with just the thought of it. “It seems like the procedure went very well for the second patient,” Musk said.

1. Berkshire Hathaway’s Apple Stock Sale

• Warren Buffett’s Berkshire Hathaway recently sold nearly half of Apple’s stock. As a result, Berkshire Hathaway now has a record $277 billion in cash.

1. Ford’s EV Sales Rise

• July 2024 marked a 31% year-over-year increase in EV sales in the U.S.