Tesla Just Signed a $16.5 Billion Chip Deal
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Wall Street may be skeptical about Tesla’s upcoming quarters, but CEO Elon Musk made four surprising announcements that could be game-changers — if they prove true.
Tesla's profits plunged 16% over a three-month stretch ending in June. Analysts discuss CEO Elon Musk's role in this dip.
When Elon Musk’s highly anticipated Tesla Diner opened its doors in Los Angeles on July 21, it garnered significant media attention, with customers lining up for hours to try chef Eric Greenspan’s pie shakes and classic burgers served in Cybertruck-shaped boxes. This past weekend, however, the lines looked a little different.
Grok, the AI chatbot by Elon Musk’s company xAI, rolled out in Tesla vehicles earlier this month alongside a recent software update. The large language model was recently in the news for making a series of pro-Hitler posts on X. Adapted to be controlled with your voice, GrokAI can’t currently control any vehicle functions.
Musk originally brought up the concept of the retro-diner concept in 2018. The Tesla Diner & Drive-In combines a 1950s-style American diner with Tesla technology. Located on Santa Monica Boulevard, it's open 24/7 and features both indoor and outdoor seating for up to 250 people.
Eager to capitalize, Gov. Kelly brokered a deal with Panasonic to build a massive $4 billion lithium-ion battery plant in De Soto, aimed at supplying Tesla’s new factories in Texas. A multi-billion dollar tax incentive package secured Panasonic’s investment, made possible by the bipartisan APEX Act passed by the state Legislature.
In early July, President Donald Trump called out Musk directly, tweeting that Tesla might “close up shop” in the absence of government subsidies. That jab, layered with policy shifts, sent a chill through Tesla bulls. Tesla’s Q2 results are in, and they’re not pretty.
The retro-futuristic Hollywood establishment opens as a tourist trap whose nicest amenity is probably the parking lot
Trump is looking to set the record straight on his stance on Elon Musk's companies. The president said he wanted Elon's businesses to "thrive."