Tesla Inc. (NASDAQ:TSLA) has had an interesting week, with investor questions about CEO Elon Musk‘s pay package, as well as a new California rebate program that could boost sales. Here’s a recap of this week’s top stories.
Investor Questions on Tesla’s Q2 Earnings
Investors sought clarity on several aspects ahead of Tesla’s second-quarter 2026 earnings call, including the status of Optimus robot’s production ramp in California, as well as its initial deployment in factories.
Questions were also raised about the development of Cybercab and Robotaxi, and Tesla’s failure to meet short-term goals. Read the full article here.
NTSB Clears FSD From Wrongdoing Amid Fatal Crash
The National Transportation Safety Board (NTSB) released its preliminary findings from a fatal crash involving a Tesla Model 3 that resulted in the death of 76-year-old Martha Avila in Texas.
The findings revealed that the driver, 44-year-old Michael Butler, had activated Full Self-Driving before the crash but overrode the system by pressing the accelerator, causing the car to exceed the speed limit. Read the full article here.
EV Prices Fall Over 4%
The Average Transaction Price (ATP) for electric vehicles in the U.S. declined 4.5% in June, according to a report by Kelley Blue Book. Tesla’s Model Y SUV accounted for almost 35% of total EV sales, the report said.
This comes despite the absence of Federal incentives for all-electric vehicles. The ATP for EVs in June was $56,238, marking a decline for the sixth consecutive month. Read the full article here.
California Launches EV Rebate Program
Gov. Gavin Newsom (D-CA) also launched the state’s MyFirstEV scheme, which is a Zero Emission Vehicle (ZEV) rebate program that will offer first-time EV buyers in the state an instant $3,500 discount on new electric vehicles.
The rebate is part of the broader $600 million ZEV investment program and will also offer $1,750 off on used EVs to first-time buyers in the state. Read the full article here.
Tesla’s AI Chief on Optimus
Ashok Elluswamy, Tesla’s AI lead, expressed confidence in the upcoming Optimus humanoid robot as the company decommissioned the Model S and X production line in the automaker’s Fremont, California, facility.
CEO Musk has touted the robot as a means to provide excellent healthcare for people through artificial intelligence and also shared that the robot could become the biggest product ever. 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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