Tesla's Week 37/25: Stock steady, Potential Successor for Musk, New Megapack Launch, Fuel Delay for IAA Event
In the automotive world, Tesla continues to make headlines with its ambitious plans and innovative products. Here's a roundup of the latest developments at the electric vehicle giant.
Elon Musk, Tesla's charismatic CEO, has hinted at a potential record-breaking sales quarter for Q3 2025. Tesla bulls are eagerly anticipating strong production and delivery numbers for the period, with analyst TroyTeslike raising his weekly estimates to 489,000 vehicles.
Meanwhile, the absence of Tesla at the IAA show in Munich was noticeable, but the event featured numerous electric vehicles. Andre Thierig, head of the German Tesla factory, described the situation as a 'catastrophe'.
In other news, Tesla's Chair, Robyn Denholm, has spoken publicly about a succession plan for Musk for the first time. The company has agreed with Musk to work together on a visible CEO succession plan until the end of the 10-year term.
Tesla's stock surged to $395.94 on Friday, valuing the company at around $1.28 trillion, its highest level since February. This surge comes as Musk announced a new bonus plan requiring Tesla's market capitalization to reach $2 trillion.
To support this growth, Tesla plans to build a factory in Houston, Texas, with a capacity of 50 gigawatt-hours per year for the Megapack production. The factory, scheduled to start operations in the second half of 2026, will add to Tesla's existing Megafactories in California and China, resulting in an annual Megapack capacity of 130 gigawatt-hours.
The new Tesla Megapack 3 boasts an increased capacity of 5 megawatt-hours per unit compared to its predecessor. Four Megapacks now come as part of the new product, Megablock, complete with a transformer.
Looking ahead, Musk has shared his optimism about robots, estimating the cost of the Tesla humanoid Optimus to be between $20,000 and $25,000 per unit. He also revealed that the next Tesla hardware, AI5, would be much more powerful.
The combustion engine ban in the EU, originally planned for 2026, is now set to be reviewed 'as soon as possible'. This review comes as the EU prepares for the first year when no new cars with local CO2 emissions will be allowed to be registered, starting from 2035.
As Musk approaches his late sixties, the Tesla board has a plan for the event of 'something unwanted happening in the short term'. Long-term planning is necessary, considering that the new Musk plan ends in 2035 if shareholders approve it in November.
Stay tuned for more updates as Tesla continues to shape the future of the automotive industry.
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