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'Daddy Is Very Much Home,' Says Elon Musk, Reiterating Commitment To Tesla Amid $1 Billion TSLA Stock Buy - Tesla (NASDAQ:TSLA)
TeslaTesla(US:TSLA) Benzingaยท2025-09-16 08:50

Core Insights - Tesla's CEO Elon Musk has reaffirmed his commitment to the company and his various ventures, coinciding with a stock rally driven by his recent $1 billion share purchase [1] Group 1: Stock Performance and Leadership - Tesla's stock price recently surpassed $400 on NASDAQ, attributed to Musk's active involvement and significant share purchase [2] - Musk is reportedly in "Wartime CEO mode," focusing on critical areas such as AI and autonomous driving, which are seen as a $1 trillion market opportunity for Tesla [3] Group 2: Operational Developments - Musk has been heavily engaged in technical reviews and meetings, particularly concerning the Tesla AI5 chip design and the Colossus II data center [3] - Despite challenges in sales, Tesla's Gigafactory in Berlin is increasing production in Q3 and Q4, anticipating higher demand based on positive market signals [5] Group 3: Product Strategy - Tesla has discontinued the most affordable trim of the Cybertruck, which was priced at $69,990, likely due to poor sales performance [4] - The decision to discontinue this trim contrasts with the production ramp-up at the Berlin Gigafactory, indicating a complex market response [5]