From legal battles over trademark infringement and a potential merger between Tesla and SpaceX, as we wrap up another eventful week, let’s take a look at some of the key stories about Tesla Inc. (NASDAQ:TSLA) and CEO Elon Musk that made the headlines.
Tesla Roadster Reveal in October
Musk has promised that the upcoming unveiling of the Tesla Roadster high-performance vehicle next month on October 1 will far exceed expectations. The CEO guaranteed excitement at the event. So much so that he has said people may think the reveal is AI-generated. Read the full article here.
Tesla and SpaceX’s Legal Battle Over ‘Terafab’
Tesla and SpaceX, both led by Musk, have sued Illinois nanotechnology company TERA-print LLC over the “Terafab” name planned for their $16.8 billion AI chip complex in Texas. The lawsuit was filed in response to a cease-and-desist letter from TERA-print. Read the full article here.
Goldman Cuts Tesla’s Q3 Delivery Forecast
Goldman Sachs Group Inc. (NYSE:GS) has revised its Q3 delivery forecast for Tesla, bringing it down to 435,000 vehicles from the previous estimate of 490,000. Despite this, prediction traders are still optimistic, with estimates centered around 480,000. Read the full article here.
Potential SpaceX-Tesla Merger
Musk also fueled talks of a potential merger between Tesla and Space Exploration Technologies Corp. (NASDAQ:SPCX) during an appearance on the All In Podcast. Musk was asked why Tesla and SpaceX were still separate companies, to which he hinted that there may be a merger on the way. Read the full article here.
Tesla’s Cybercab Certification Questions
The U.S. National Highway Traffic Safety Administration has ordered Tesla to answer 21 detailed questions about its Cybercab robotaxi’s compliance with federal safety standards under oath. The responses are due by September 30. Read the full article here.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.
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