🎧 Tesla Daily Podcast
📝 Today’s Tesla News Summary
Stock Performance: Tesla opened at $308.85 on July 31, gaining nearly 1% in premarket despite a 27% drop over the past month. Analysts maintain a Hold rating with a $402.24 price target.
NHTSA Investigation: The National Highway Traffic Safety Administration opened a preliminary evaluation into approximately 1.2 million Model 3 and Model Y vehicles following 156 complaints about front suspension components detaching.
Q2 Earnings Recap: Tesla reported EPS of $0.33, missing estimates, but revenue of $28.24B beat expectations. Free cash flow turned negative at $1.1B as capex ramps up for new factories, batteries, and AI infrastructure.
Musk Denies China Merger Rumors: Elon Musk called a Wall Street Journal report about Tesla preparing to split off its China business for a SpaceX merger, quote, absurdly fake news.
New Data Center: Musk confirmed Tesla is building a new data center called Minihard in Whitehaven, Tennessee, with the same capacity as Macroharder but denser configuration.
Milestone: Tesla produced its 10 millionth electric vehicle this week.