- Nevada’s Transportation Authority granted Tesla a permit to operate a driverless vehicle fleet in Las Vegas while capping the initial size at 10 cars instead of the requested 5,000.
- The approved permit restricts Tesla to a specific geofenced area on the Strip with a 45 mph speed limit and bans pickups at Harry Reid International Airport.
- The regulatory decision significantly scales down Tesla’s original application filed in June, which sought coverage for all of Clark County during the first 12 months.
- Tesla stock slipped fractionally in Monday trading following a reported incident where Full Self-Driving v14.3.6 nearly steered a vehicle into a ditch at 68 miles per hour.
- In product updates, Tesla released an 80 dollar adapter for the Model Y requiring the Gen 3 Mobile Connector to power devices like laptops and phones.
- Wall Street maintains a Hold consensus rating on TSLA stock with an average price target of 377.43 dollars per share implying an 11.13 percent upside potential.
- Bill Ackman and Pershing Square Capital adjusted their portfolio by completely selling Alphabet stock, cutting Amazon stock by 25 %, and increasing Meta and Microsoft positions by 20.1 % and 9.8 %, respectively.
- Microsoft, Amazon, and Meta ranked in the fund's top 10 assets at the end of the second quarter, valued at $ 2.32 billion, $ 2.04 billion, and $ 1.80 billion.
- The investments in Meta and Microsoft are driven by strong enterprise franchises, digital advertising leadership, AI integration potential, and favorable valuations.
- Tesla is building its largest East Coast Supercharger station, featuring 64 to 68 stalls, in Maspeth, Queens, New York.
- The new facility includes two pull-through stalls specifically designed to accommodate electric vehicles with trailers.
- Located near Interstate 495, the station aims to improve charging infrastructure and reduce stress for drivers traveling toward Manhattan or Long Island.
- Former "Top Gear" host James May tested Tesla Inc. ’s Grok-powered AI voice assistant "Ara" in a Model 3 and criticized its humanlike persona as insincere.
- Tesla AI Chief Ashok Elluswamy praised the Full Self-Driving system following a collision-avoidance video, while CEO Elon Musk highlighted that TSLA vehicles feature 84% American content.
- TSLA shares rose 0.25% to $343.12 during Monday pre-market trading.
- Wall Street investors and prediction markets are increasingly speculating about a potential mega merger between Tesla and SpaceX.
- This speculation reflects ongoing debates regarding Elon Musk's long-term strategic vision for his companies.
- The potential combination of these firms has generated significant interest regarding its future implications for both entities.
- Tesla Inc. AI software chief Ashok Elluswamy praised Full Self-Driving V14 after a vehicle successfully avoided a highway collision at 82 mph.
- The software reported 1.48 million active subscriptions in the second quarter, marking a 56% year-over-year increase amid ongoing regulatory scrutiny.
- Tesla's stock rose 0.37% to $343.52 during pre-market trading on Monday following the event.
- Shares of Joby Aviation and Archer Aviation declined on Friday following a report that Tesla is preparing to unveil a new Roadster featuring limited flying capabilities.
- Joby fell 4.1% and Archer dropped 5% as investors evaluated whether Elon Musk's project could integrate Tesla and SpaceX into the emerging flying vehicle market.
- The market reaction reflects heightened investor scrutiny regarding potential competitive threats in the electric air taxi sector.
- Andreessen Horowitz partner Josh Elman criticized California politicians, warning that proposed wealth tax policies risk driving startups and founders out of the state.
- The debate centers on a November ballot measure proposing a 5 % tax on individuals worth over $1 billion to raise funds for healthcare.
- Critics like Elman and Mark Cuban argue that such policies could prompt companies to relocate, mirroring the previous headquarters moves of Tesla and SpaceX to Texas.
- Tesla plans to remotely demonstrate a thruster-equipped Roadster at SpaceX’s McGregor, Texas site this month to protect hearing.
- The scaled-back demonstration will feature a brief lift-off using SpaceX thrusters instead of the originally planned upside-down driving and hovering.
- First revealed in 2017, the Roadster has faced years of delays and missed launch dates, causing reservation cancellations.
- Tesla is preparing to debut its next-generation Roadster as early as August 2026, featuring a remote-controlled hovering demonstration using SpaceX cold-gas thrusters at its facility in McGregor, Texas.
- The long-delayed flagship project aims to showcase cutting-edge technology and reignite market attention toward Tesla's automotive innovation alongside its AI and robotics initiatives.
- TSLA stock has rebounded from a phase low of $297.11 to trade around $342.27, with key resistance forming near $348 to $352 and initial support converging near $329.
- Tesla recently launched a $80 Outlet Adapter enabling Vehicle-to-Load energy transfer for the Model Y.
- Owners of certain newer Model Y vehicles discovered their cars are incompatible due to lacking the required two-piece Power Conversion System.
- Upgrading the older PCS unit costs $1,750 in parts alone, leading some owners to consider alternative portable power stations.
- Tesla investor Gary Black cautioned bulls against ignoring the company's stock valuation metrics.
- He highlighted that Tesla’s projected 2026 price-to-earnings ratio of 200x and a price/earnings-to-growth ratio of 5.7x exceed the Magnificent 8 average of 2.4x.
- Black emphasized that admiration for Tesla's products should not overshadow pricing risks, citing concerns over marketing strategies and autonomous driving scalability.