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Tesla Inc. is set to launch its long-anticipated robotaxi service in Austin on June 12, marking a significant step in Elon Musk's vision for driverless vehicles and artificial intelligence. The date, which has not been publicly confirmed, was discussed internally and is subject to change. Musk had previously indicated that the service would start by the end of June.
The article discusses a leaked internal document from Tesla that suggests the company is planning to significantly reduce the cost of its vehicles, potentially by utilizing a new manufacturing method. This approach aligns with Elon Musk's vision for making electric vehicles more accessible to the broader market. The implications of this could greatly impact the automotive industry and Tesla's competitive position.
Tesla's board has proposed a pay package for Elon Musk that could amount to $1 trillion over the next decade, contingent on the company achieving specific market capitalizations and business milestones. If approved, the deal would grant Musk an additional 12% stake in Tesla, significantly increasing his current holdings and aligning his incentives with long-term shareholder value.
Internal analysis at Tesla indicated that the company's planned robotaxi service would not be financially viable, showing potential losses. Elon Musk reportedly shut down this analysis to prevent negative implications for the company's plans. The decision raises questions about the future of Tesla's autonomous vehicle ambitions.
Tesla is training a new Full Self-Driving (FSD) model featuring significant improvements in video processing and a tenfold increase in parameters, with a potential public release at the end of next month if testing is successful. The FSD system, which assists with navigation while requiring driver oversight, is crucial to Tesla's strategy amid rising competition in the electric vehicle market. Despite the advancements, Tesla faces challenges in its core automotive sales, experiencing a 16% revenue decline in Q2 and a 23.55% drop in stock value this year.
Elon Musk has outlined his personal involvement in Tesla's AI6 chip production deal with Samsung, emphasizing a hands-on approach to ensure production meets Tesla's standards. This partnership aims to leverage the strengths of both companies, as Musk reassures Samsung's leadership about the expectations for the collaboration. Meanwhile, other automakers like GM face challenges in their EV efforts amid stiff competition and changing market dynamics.
Tesla has unveiled a next-generation Optimus prototype featuring AI assistant Grok, showcasing its early development stage with notable design changes, including new hands and a gold color. Elon Musk emphasizes the robot's potential to significantly impact Tesla's market share and valuation, while also addressing concerns about his voting control amidst an upcoming shareholder vote on his compensation package.
Tesla has received a permit to operate a ride-hailing service in Texas, allowing it to compete with Uber and Lyft. The company has been conducting a limited pilot program in Austin with a fleet of Model Y vehicles, though it has faced scrutiny over incidents involving its autonomous driving technology. Despite challenges and setbacks, Elon Musk remains optimistic about expanding Tesla's autonomous ride-hailing services across the U.S. by 2025.
Troy Jones, Tesla's vice president of sales in North America, has left the company after 15 years as the automaker faces a significant decline in sales. His departure follows the recent exit of another key executive, Omead Afshar, amid ongoing challenges for the electric vehicle manufacturer.
Elon Musk discussed major developments at the X Takeover 2025 event, including the imminent production of Tesla's Optimus V3 robot, advancements in the Tesla Semi, and updates on the new Roadster. He also highlighted Neuralink's potential to treat chronic conditions, reflecting on the ambitious product roadmap of Tesla and its associated companies.
Tesla has completed the construction of its new Diner, Drive-in, and Supercharger location in Los Angeles, showcasing a "retro-futuristic" design. Although it is not yet open to the public, internal customers, including Elon Musk, have already dined at the venue, which is expected to open 24/7 soon. Recent photos reveal the site is nearly finished, with operational Supercharger stalls and seating areas.
Elon Musk announced that Tesla shareholders will soon vote on a proposal to invest in his artificial-intelligence startup, xAI. He expressed his desire for Tesla to have made this investment earlier and is now seeking shareholder approval through a vote.
Tesla has completed its first driverless delivery of a Model Y SUV to a customer in Austin, Texas, with no human inside the vehicle. However, the claim of it being the "first fully autonomous drive" is disputed, as Waymo has already been providing fully autonomous rides in other U.S. cities. The delivery highlights ongoing developments in Tesla's self-driving technology amid scrutiny and competition in the electric vehicle market.
Tesla faced a pivotal decision in February 2024 between producing a low-budget Model 2 and investing in the ambitious Robotaxi project. Ultimately, Elon Musk chose the Robotaxi, prioritizing the potential for high returns and market dominance, despite internal dissent and significant challenges from competitors. The decision reflects Musk's vision for the future of transportation and Tesla's need to maintain a high market valuation amidst declining stock prices.
Elon Musk announced that Tesla's robotaxi service is tentatively set to launch in Austin, Texas, on June 22, with the first driverless trip planned for his birthday on June 28. The initial rollout will involve 10 to 20 robotaxis using the latest Full Self-Driving technology, while safety concerns have led to planned protests by activists opposing Musk's approach to automotive safety.
Walter Isaacson, biographer of Elon Musk, predicts a merger between Tesla and Musk's AI startup xAI, which would enhance Tesla's capabilities in real-world artificial intelligence. This consolidation would leverage extensive datasets from Tesla's autonomous driving and the Optimus robot, aligning with Musk’s vision of integrating his various ventures into a cohesive ecosystem.
Elon Musk has become the first person in history to achieve a net worth of $500 billion, driven primarily by a rise in Tesla's stock price and the growing valuations of his other companies, including SpaceX and xAI. This milestone highlights Musk's position as the world's richest person, just under a year after surpassing $400 billion.
Elon Musk has dedicated himself to his A.I. startup xAI, aiming to rival competitors like OpenAI while presenting ambitious plans for the company. His intensified focus on xAI raises concerns about his involvement in other ventures, particularly as Tesla pushes for a significant pay package to incentivize him.
Tesla's Dojo, once heralded as Elon Musk's AI supercomputer, has experienced significant ups and downs, facing challenges in its development and deployment. The article explores the ambitious goals behind Dojo, its technological hurdles, and its implications for Tesla's future in AI and autonomous driving.
Delaware's Supreme Court is deliberating on a lawsuit regarding Elon Musk's unprecedented compensation package from Tesla, which could exceed $100 billion. Shareholder Richard Tornetta claims that Musk's influence over the board led to an unfair approval of the pay structure, while Tesla argues that shareholders were adequately informed and supported the compensation plan. The case raises questions about corporate governance and the influence of executives on board decisions.
Tesla's net income fell 37% in Q3 despite record vehicle sales, overshadowing its financial performance as CEO Elon Musk focused on future projects, including a significant pay package and advancements in autonomous technology. Musk expressed concerns about maintaining control over Tesla while pursuing an ambitious vision of a robot-powered future, showcasing plans for robotaxis and the Cybercab.
Elon Musk has announced the opening of the first Tesla Supercharger Diner in Los Angeles, which is designed to provide a unique dining experience for both Tesla owners and non-owners. If successful, Tesla plans to expand this diner concept to major cities worldwide, integrating features like in-car ordering for Tesla drivers. Meanwhile, Musk is facing an important vote regarding his compensation plan, which could significantly impact his role at Tesla.
OpenAI has poached high-level engineers from Tesla and xAI, including Tesla's VP of Software Engineering David Lau, amid an ongoing feud between Elon Musk and OpenAI. This hiring spree is part of OpenAI's efforts to enhance its infrastructure and accelerate its mission in artificial intelligence. Musk is currently suing OpenAI over its shift to a for-profit model and involvement with Microsoft.
Elon Musk has launched a new AI software company called "Macrohard," aimed at rivaling Microsoft by creating specialized AI agents for coding and generative tasks. This initiative is part of Musk's broader vision for his AI startup, xAI, and is linked to the powerful Colossus supercomputer project. Additionally, Musk's ongoing concerns about his influence at Tesla are highlighted amid discussions of a significant compensation package that could impact his leadership role in the company.
Tesla's chair expressed uncertainty regarding the approval of Elon Musk's controversial pay package, highlighting concerns from shareholders and the potential implications for the company's governance. The situation is complicated by ongoing discussions about executive compensation and company performance metrics.
Tesla's board has awarded CEO Elon Musk an interim pay package of 96 million shares, valued at approximately $29 billion, which will vest in two years contingent on his position. This comes amid ongoing legal battles regarding Musk's previous compensation and challenges facing Tesla, including declining sales and Musk's controversial political activities. Tesla's stock rose over 2% on the news, despite the company's weakened earnings report.
Elon Musk and Tesla chair Robyn Denholm strongly refuted a Wall Street Journal report claiming the board was seeking to replace Musk as CEO. Denholm labeled the report as "absolutely false," while Musk criticized it as a breach of ethics, asserting his ongoing leadership amid public and investor scrutiny.
Elon Musk, who was paid $0 last year as Tesla's CEO, is in the spotlight as the company's board contemplates a new compensation package amid his ongoing legal battles over a previous stock award. With Tesla facing business challenges, the board must navigate the difficult decision of how to appropriately compensate the world's richest man.
Tesla has abandoned its plans to produce thousands of Optimus robots this year due to challenges with the robot's hands and other issues. CEO Elon Musk has emphasized the growing importance of Optimus to the company as EV sales decline, suggesting it could eventually represent 80% of Tesla's value. Musk is planning to showcase a "dancing troupe of Optimus bots" at the upcoming shareholder meeting to impress investors.