The past week was an eventful one for Tesla Inc. (NASDAQ:TSLA) and CEO Elon Musk as shifting political tides cast doubt over the billionaire’s AI goals, while Tesla also looks set to wind down the Cybertruck’s production next year. Let’s take a look at the major headlines this week.
Cybertruck Production Will Wind Down
Musk, in a post on X, late Thursday, confirmed that Tesla will wind down Cybertruck production at its Gigafactory Texas facility around the middle of 2027. Musk said the move will create room for higher Cybercab production. Read the full article here.
Ross Gerber revisits Tesla’s Earlier Era
Investor Ross Gerber said he misses Tesla’s early-2020s period, as the Musk-led automaker continues moving beyond its traditional vehicle business, recalling a time when he was bullish on Tesla.
His remarks arrive as Tesla increasingly emphasizes robotics, autonomous driving and other Musk-led ventures, rather than focusing solely on electric vehicles. Read the full article here.
Gary Black Warns Tesla Bulls About a SpaceX Deal
Investor Gary Black, co-founder of b, renewed his criticism of a potential all-stock merger involving Space Exploration Technologies Corp. (NASDAQ:SPCX) and Tesla, warning of possible dilution for Tesla shareholders and questioning investor enthusiasm for a transaction between Musk-led companies.
He also referenced the proposed combination of Marvell Technology Inc. (NASDAQ:MRVL) and Lumentum Holdings Inc. (NASDAQ:LITE). Read the full article here.
Republican Leaders Warn of Political Retaliation
Sen. Ted Cruz (R-TX) and Gov. Ron DeSantis (R-FL) raised concerns about possible Democratic Party action against Musk’s businesses.
The warnings followed sweeping Democratic victories in the midterm elections. Cruz and DeSantis said Democrats could target Musk’s companies after Musk spent $474 million attempting to influence the elections. Read the full article here.
Tesla Takedown Turns Toward Congress
Grassroots protest group Tesla Takedown celebrated Democratic election gains against Musk’s political efforts and called for further accountability.
The group urged Congress to require Musk to testify about his work with the Department of Government Efficiency (DOGE) and said that the political campaign against Musk is continuing despite the election result. Read the full article here.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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