Tesla’s Insanely Investing News Summary
- Tesla to Begin Construction Inside Giga Texas Plant
Tesla plans to complete construction of the 5.2 million square foot interior at its Giga Texas plant by the end of 2025, according to 10 new disclosures. Construction began last week. - Tesla Megapacks Power Up xAI’s GPU Cluster Training
xAI is leveraging Tesla Megapacks to address the problem of power fluctuations in milliseconds during training of 100,000 Nvidia GPU clusters. The generator-charged Megapacks provide reliable power for training tasks. - Bank of America: “Never seen a company like Tesla”
“I haven’t seen a company like this in 25 years,” Bank of America analyst John Murphy said, praising Elon Musk as an innovator and evaluating Tesla to be a big help to humanity in the long run. - India’s IT Minister Meets Tesla CFO In Giga Texas
Andhra Pradesh IT Minister Nara Rokesh met with Tesla’s CFO Vivaab Taneja in Giga Texas. - Shaquille O’Neill Adds A Third Tesla Cybertruck
Shaquille O’Neal purchased a third Tesla Cybertruck with glossy maroon colors, 26-inch Forgiato wheels, and a Waido widebody kit. - Canaccord Genuity raises Tesla price target
Canaccord Genuity raised its Tesla price target to $298 from $278 and maintained a buy rating. Tesla is expected to grow ahead of its Mag7 rivals starting in 2025. - U.S. EV Market Share Expected To Break 9% In September, October
S&P Global Mobility forecast the U.S. electric vehicle (BEV) market share to exceed 9% for the first time in September and October. - Tesla Announces Standardization of Electric Vehicle Connectivity
To reduce manufacturing cost and complexity, Tesla introduced the Low Voltage Connector Standard (LVCS), which simplifies vehicle connectors from 200 to six. The standard was developed based on the Cybertruck’s 48V architecture. - xAI and NVIDIA Build the World’s Largest Supercomputer
xAI and NVIDIA built a Colossus supercomputer using 100,000 Hopper GPUs in 122 days and plan to double the size of the cluster to 200,000 GPUs. - Elon Musk Announces Solving Brain Problems With Neuralink Devices
Elon Musk announced at the annual meeting of the Society of Neurosurgeons that Neuralink can solve most brain problems, signaling that the device will cost between $1,000 and $2,000. - FAA Approves Gulfstream G650 Certification for Starlink Installation
The FAA has approved additional type certification (STC) for the installation of SpaceX’s Starlink on Gulfstream G650/650ER aircraft. - Toyota and NTT Invest $3.2 Billion In Self-Driving AI Research
Toyota and NTT will invest $3.2 billion to develop artificial intelligence software to improve autonomous driving technology that predicts accidents and controls vehicles. - Ford Reports Q3 Loss In Electric Vehicle Sector
Ford’s electric vehicle division posted a $1.2 billion loss in the third quarter, with revenue down 33% year-over-year. The company cited price pressures and lower sales volumes as the main reasons. - Volkswagen considers cutting wages, closing factories to cut costs
Volkswagen is considering a 10% pay cut and a two-year pay freeze to cut costs, and plans to close at least three plants in Germany and cut large staffing. - Lucid Air Gets 5-Star Safety Rating From NHTSA
Lucid Air has a 5-Star Safety rating, the highest from the National Highway Traffic Safety Administration (NHTSA).