26/7/7 Tesla News Summary
- Tesla Recruiting Paid Pilot Project For Startups In Giga Berlin
Tesla is preparing an 18GWh cell production system in Giga Berlin and said it will recruit participants for paid pilot projects with a 4680 cell team for startups in materials, production, equipment, automation and AI. - JPMorgan Maintains $475 Target Stock On Strong Tesla Q2 Earnings
JPMorgan reaffirmed its neutral rating and target price of $475, saying Tesla’s second-quarter deliveries beat expectations. All models, including Model 3/Y, and energy storage unit earnings beat forecasts, and Giga Berlin’s recent roughly 20% production growth was also positive, along with a strong recovery in European markets. - Tesla records highest sales ever in Japan
Tesla had its best ever sales in Japan last month, registering around 4,000 new registrations. That’s up 183% year-on-year and hundreds of Model YLs have reportedly arrived in the country recently. - Spotting Robotaxi Testing in New Orleans
Testing of Tesla’s robotaxi service appears to be underway in New Orleans, Louisiana. Several Model Ys with rear and side camera cleaning devices and Texas manufacturer license plates were seen locally. - Cybercap tests for visually impaired people getting in and out of the car
In the cybercap, tests were conducted to check the convenience of getting on and off the blind, and in the process, it was further confirmed that large dogs can also board the footwell space without difficulty. - SpaceX to Incorporate Nasdaq 100…Prospects for Gradual Expansion of Index Weight
SpaceX will be included in the Nasdaq 100 before the opening bell tomorrow. The $800 billion index-following fund will start buying today’s close, with an initial share of around 1%. The weight is expected to gradually expand in the future through the lifting of stock lockups and the September and December index readjustment. - Rivian Announces Approximately $1.5 Billion Paid-In Capital Increase
Rivian announced a public offering of 75 million common shares (worth about $1.5 billion), which is expected to dilute its stake by about 5% to existing shareholders. If all underwriter options are exercised, the new shares could increase to 86.25 million shares (about $1.75 billion), extending the dilution rate to 6%. The procurement funds will be used for general corporate purposes and equity investments under contracts related to U.S. Department of Energy (DOE) loans.