Attorneys for Tesla blasted last month's $242.5 million jury verdict that found Elon Musk's electric car company partly to blame for a 2019 deadly crash in Florida, arguing in court papers that the massive judgment should be tossed. "The $243 million judgment against Tesla flies in the face of basic Florida tort law, the Due Process Clause, and common sense," Tesla lawyers wrote in a motion filed in a Miami federal court on Friday.The attorneys argued that if the verdict is allowed to stand, "it will chill ...

Core Viewpoint - Tesla aims to transition from being solely an automaker to an AI company, focusing on achieving full self-driving capabilities through advanced computing power and data processing [1][2]. Development of Dojo - Dojo was introduced as a custom-built supercomputer designed to train Tesla's Full Self-Driving (FSD) neural networks, which at the time required human oversight despite some automated capabilities [2][3]. - The timeline of Dojo's development includes its first mention in 2019, with Musk highlighting its potential to process vast amounts of video data for training AI [4][5][8]. - By 2021, Tesla officially announced Dojo, introducing its D1 chip and outlining plans for a supercomputer capable of significant AI training [9][10]. Progress and Challenges - Throughout 2022 and 2023, Tesla reported progress on Dojo, including the installation of its first cabinet and plans for a full Exapod cluster by early 2023 [10][12]. - Musk indicated that Dojo could significantly reduce training costs and potentially become a sellable service, similar to Amazon Web Services [11][12]. - However, by mid-2023, Tesla faced challenges with Nvidia hardware supply, prompting a renewed focus on Dojo to ensure adequate training capabilities [16]. Transition to Cortex - In 2024, Tesla began transitioning from Dojo to a new supercomputer called Cortex, which utilizes Nvidia GPUs and aims to enhance AI training for FSD [18][19]. - The Cortex supercomputer was reported to consist of approximately 50,000 H100 Nvidia GPUs, facilitating improvements in FSD performance [19][20]. - By early 2025, the Dojo project was officially shut down, with Tesla consolidating its resources towards the development of the AI6 chip, which is intended to serve multiple AI applications [22][23]. Future Directions - Tesla's future plans include scaling AI capabilities with the AI6 chip, which is designed for both inference and training, indicating a strategic shift in its AI development approach [22][23]. - The company aims to maintain a competitive edge in AI by focusing on integrated chip designs rather than dividing resources across different projects [23].

Core Insights - Tesla has decided to shut down its Dojo AI supercomputer project and disband the associated team, marking a significant shift in its AI strategy [2][10][44] - The decision comes after years of hype and promises from CEO Elon Musk regarding Dojo's potential to revolutionize Tesla's self-driving capabilities and AI initiatives [2][12][13] - The company is now pivoting towards partnerships for chip development, particularly focusing on its new AI6 chips from Samsung, which are intended to support various AI applications [11][31] Group 1: Dojo's Development and Shutdown - Dojo was designed as a custom-built supercomputer to train Tesla's Full Self-Driving (FSD) neural networks, aiming to achieve full autonomy and support the robotaxi initiative [3][4][18] - Despite initial ambitions, Tesla failed to effectively link its self-driving advancements to Dojo, leading to a lack of focus on the project in recent communications [5][8] - The shutdown of Dojo was announced shortly after Tesla signed a $16.5 billion deal for next-generation AI6 chips, indicating a strategic shift away from self-reliant hardware [11][12] Group 2: Implications for Tesla's AI Strategy - The closure of Dojo has sparked mixed reactions, with some viewing it as a failure of Musk's promises, while others see it as a necessary pivot towards a more sustainable AI strategy [8][9] - Analysts have noted that losing key talent from the Dojo team could hinder future AI projects, especially given the specialized nature of the technology [10] - Tesla's future AI efforts will now rely more on partnerships with established chip manufacturers like Nvidia and AMD, moving away from its previous goal of self-sufficiency in chip production [31][32] Group 3: Financial and Market Impact - The initial projections for Dojo included significant financial commitments, such as a $500 million investment for a supercomputer at the Buffalo gigafactory, which will now not be allocated to Dojo [39][44] - Analysts had previously estimated that Dojo could potentially add $500 billion to Tesla's market value by creating new revenue streams through AI and robotaxi services [35] - The shift in strategy may impact investor sentiment, as the ambitious goals set for Dojo were not met, leading to questions about Tesla's long-term AI vision [38][40]

Key Takeaways Tesla cut the Model 3 rear-wheel drive price in China by 3.7%, with deliveries starting this month.New versions of Model 3 and Model Y aim to counter slowing demand in China's competitive EV market.Price war pressure has hurt automakers, with BYD posting its first profit decline in over three years.Tesla, Inc. (TSLA) has cut the price of its Model 3 rear-wheel drive in China as competition from domestic automakers intensifies. Deliveries of this version are expected to start this month. The ne ...

What is Tesla, Inc. (NASDAQ: TSLA )? Is it a car company or something bigger? Tesla has maybe one of the most disputed valuation frameworks, raising passionate positions about its car business and the sustainability impact, the techI believe in an integrated approach to understand business. In this way, I foster a unique blend of experience in the CFO and Investment pathways. As such my goal is to perform consistent analysis that reflects an inside view of firm mechanics and the value perspective for invest ...

NEW YORK, Sept. 2, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Tesla, Inc. ("Tesla, Inc." or the "Company") (NASDAQ: TSLA) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Tesla, Inc. investors who were adversely affected by alleged securities fraud between April 19, 2023 and June 22, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/tesla-inc-lawsuit-submission-form ...

Tesla investors have some proposals for the company, but at least 11 of those won't be discussed at the coming shareholder meeting in November. Business Insider reviewed a dozen shareholder proposals submitted ahead of the July 31 deadline that some shareholders would like to discuss with Tesla's board.The 12 proposals come from both state-managed and private funds and ask Tesla to commit to a range of sustainability and accountability measures. Tesla's November 6 meeting is the company's first since the ...

Elon Musk's nightmare across most of Europe is showing no sign of ending, but in EV-mad Norway, Tesla is thriving. The Scandinavian nation is one of the first countries to have almost completely transitioned to electric vehicles, with battery-powered vehicles making up 97% of Norway's new car sales in August.Tesla is reaping the rewards of Norway's EV obsession. The US automaker is the top-selling car brand of any kind in the country this year, and saw its sales surge nearly 22% year-over-year in August, a ...

A Miami jury has ordered Tesla to pay $243 million over a fatal 2019 Autopilot crash in Florida after a hacker sipping on a Venti-size hot chocolate at a local Starbucks uncovered key vehicle data that the company had claimed it could not find.The verdict, delivered last month in federal court, held Tesla partially liable for the Key Largo wreck that killed 22-year-old Naibel Benavides Leon and left her boyfriend, Dillon Angulo, seriously injured.Jurors saw evidence showing that Tesla’s own systems recorded ...

Core Insights - South Korean retail investors are withdrawing from Tesla stocks, favoring cryptocurrencies instead, with a notable net sale of $657 million in August 2025, the highest monthly outflow since 2019 [1][4] - The shift in sentiment indicates a growing preference for riskier assets, as evidenced by Bitmine Immersion Technologies attracting $253 million in net inflows during the same period [3] - Despite the recent sell-off, Tesla remains the most popular foreign stock among Korean individual traders, with $21.9 billion still held, although nearly $1.8 billion has been withdrawn over the past four months [4] Stock Performance - Tesla's stock price is currently trading above $300, specifically at $333, but has shown short-term weakness, with a year-to-date decline of nearly 12% [5] - The retail exodus from Tesla is occurring amid challenges such as increased competition from Chinese manufacturers, declining sales in key markets, and backlash against CEO Elon Musk's political views [7]