Elon Musk says this part of Tesla 'makes no sense'
Key Points:
- Elon Musk criticized Moody’s credit rating for Tesla, calling it "ridiculously low" compared to SpaceX’s higher Baa1 rating, despite Tesla’s strong cash position, profitability, and investment in future technologies.
- Moody’s assigned SpaceX a Baa1 rating due to its leadership in orbital launches, recurring Starlink revenue, government contracts, and AI infrastructure opportunities, while maintaining Tesla’s Baa3 rating with a stable outlook amid automotive challenges.
- Tesla’s Cybercab, designed for autonomous ride-hailing, has been spotted in large numbers at Gigafactory Texas with new decals signaling its imminent entry into Tesla’s Robotaxi fleet, following EPA approval for public road use.
- Sweden’s transport authority opposes EU approval of Tesla’s Full Self-Driving (FSD) suite due to concerns over the system’s ability to exceed speed limits, highlighting regulatory challenges for Tesla’s autonomous technology in different markets.
- Elon Musk announced that Tesla plans to allow drivers to guide the Full Self-Driving system using the AI assistant Grok within three months, enabling more interactive navigation control and potentially introducing the "Banish" feature for self-parking after drop-off.