- Tesla (TSLA) joined Terafab in Grimes County, TX, paid $10M under a tax abatement. Terafab's first phase is a ~$16.8B chip fab project, 100M+ sq ft, ~3,000 jobs, construction soon.
- TSLA faces rising BYD competition in China; Shanghai plant under capacity. Regulators push Chinese AI in locally made cars; traders should note market share, production levels and regulatory risk.
- TSLA had 1.5M FSD subscriptions end of Q2, up 56% YoY. About 55% of Q2 car sales included FSD. At $99/month, FSD implies roughly $2B annualized revenue, mainly from North America.
- RDW found Tesla FSD safer than rival driver-assistance systems and is seeking EU approval; RDW will not disclose testing data or evaluation methods, citing commercial confidentiality.
- Intel aiding Tesla with process and packaging expertise; commercial terms—contracts, funding, IP, equipment, responsibilities, ownership—remain unclear for TSLA shareholders.
- Tesla (TSLA) opened the Brookshire Megapack 3 grid-storage site, expanding its Lathrop Megafactories footprint amid a U.S. and Texas utility-scale battery storage buildout.
- Musk said Terafab AI compute will split ~25% to Tesla Optimus and ~75% to the AI Spacecraft project, signaling resource allocation that may affect TSLA AI development.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.