The past week had major developments for Elon Musk-led Tesla Inc. (NASDAQ:TSLA), with headlines buzzing with news about the upcoming SpaceX IPO, Tesla’s robotaxi fleet, as well as the CEO’s comments on the Terafab facility. Here’s a quick recap of the top stories.
Tesla’s Robotaxi Fleet Shrinks
According to a research note by Barclays analyst Dan Levy, Tesla has removed safety monitors from its robotaxis operating in the Austin geofence, which was expanded on Wednesday this week. Despite the larger serviceable area, the fleet size has reportedly decreased to around 20 vehicles.
Musk’s Comments on Terafab
Responding to a post about Terafab receiving tax breaks from Grimes County in Texas, Musk stated that if the location is approved, SpaceX would still be paying an annual amount to the county that would increase its tax revenue by 25%. Musk further added that Terafab could become the county’s largest revenue source.
SpaceX’s IPO Filing Change, Tesla Merger?
SpaceX filed an amended version of its S-1 filing with the SEC ahead of its upcoming IPO. The filings point towards Musk’s shares subject to a year-long lock-in period, a deal with Anthropic and more.
Investor Gary Black suggested that SpaceX’s amended S-1 filings could be the reason behind Tesla’s stock decline during the middle of the week. The filings indicate that SpaceX might issue a significant amount of equity for future acquisitions or transactions, potentially diluting TSLA.
Tesla’s Surge in French Registrations
Tesla also saw its European sales continue upward momentum, as sales in France saw a 655% surge in May, marking a recovery in the European market. However, the comparison is based on a particularly weak month for Tesla in France in 2025.
Robotaxi Safety Concerns
Tesla’s self-driving exploits have been brought into question by the EV giant’s former data labelers and engineers, who say that they do not trust the EV giant’s self-driving system as well as its safety data.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Photo Courtesy: Mijansk786 on Shutterstock.com
Recent Comments