Tesla News Summary Confused Whether It’s a Real Rise or A Short Rise

1. Wedbush raises Tesla price target to $500
   Analyst Dan Ives raised his price target on Tesla ($TSLA) to $500 from $350 previously. He analyzed that autonomous driving and AI businesses will be key growth engines for Tesla in the future, especially with rising FSD penetration and the spread of Cybercab expected to significantly expand Tesla’s profitability and market dominance.
2. Elon Musk Goals To ‘Accelerate GDP’ Away From Politics
   Elon Musk has said he will step back from his political clout and focus on accelerating global economic (GDP) growth through the development of humanoid robots.
3. UK set to abolish EV tax (ECS)
   Britain’s Transport Ministry said it would abolish or cut the “Tesla Tax” (ECS), which was levied on electric vehicles in excess of £40,000, which is interpreted as a policy aimed at boosting EV sales and reducing the burden on consumers.
4. US, Australia achieve new battery output record
   California broke through the 10 GW battery output barrier on May 20, while Australia also recorded 1,531 MW of output on May 21. Both regions are leading energy storage technology and power grid innovation.
5. SpaceX Announces 9th Test Flight of Starship on May 27
   SpaceX is scheduled to fly Starship’s ninth test flight on May 27. The experiment will test a variety of new technologies, including high-angle descent of reusable boosters and landing engine configuration tests.
6. Oracle To Buy $40 Billion Nvidia Chip For OpenAI
   Oracle is confirmed to have purchased Nvidia’s high-performance chips for approximately $40 billion to build OpenAI’s next-generation data center in the United States. This shows that the competition to expand AI infrastructure is in full swing.