Week 37 Update on Tesla: Stock Stays Steady, Potential Successor for Musk, New Megapack Introduced, Fuel Launch Delayed until IAA
In a series of recent developments, Tesla, the leading electric vehicle (EV) manufacturer, has made several announcements that are shaping the future of the company and the automotive industry as a whole.
Tesla's latest product, the Megapack 3, has been unveiled. This innovative solution comes with four Megapacks and a transformer, collectively known as the new Megablock. The new design aims to reduce installation efforts significantly. The Megapack 3 boasts a capacity of 5 megawatt-hours per unit, which is higher than its predecessor, the 2XL.
Elon Musk, Tesla's CEO, has estimated the cost of the Tesla humanoid robot, Optimus, to be between $20,000 and $25,000 per unit. With plans to produce one million units per year, Musk remains optimistic about robots accounting for 80% of Tesla's $1 trillion value in the future.
The combustion engine ban, set for 2035 in the EU, is currently under review. This was evident at the IAA auto show last week, where German Chancellor Friedrich Merz called for 'more flexibility' in the ban. The review is now set to be reviewed 'as soon as possible,' according to a report by Die Zeit, a move that could potentially delay the ban.
In other news, Tesla's stock has been surging since Monday, potentially due to indications of increased EV sales in Q3. If the forecasts of private observer @troyteslike hold, the third quarter could set a new all-time record for Tesla deliveries. Bradford Ferguson of Rebellionaire now predicts that Tesla deliveries in Q3 2025 will rise to 500,000 or more.
Tesla's goal, as part of Musk's new bonus plan, is to sell a total of 20 million electric vehicles by 2035. To support this growth, Tesla plans to produce the Megapack 3 in a factory in Houston, Texas, with an annual capacity of 50 gigawatt-hours, operational in the second half of 2026.
Robyn Denholm, Tesla's Chair, spoke publicly about a succession plan for Musk at the helm of Tesla for the first time. The board has agreed with Musk to work together on a 'visible' (i.e., public) CEO succession plan until the end of the 10-year term.
Lastly, Musk revealed that with the current AI4, he believes Tesla can achieve two to three times the safety of a human driver. The planned version 14 of Tesla's FSD software has been delayed and is now set to be released 'in the coming months.'
These developments highlight Tesla's continued commitment to pushing the boundaries of innovation in the EV and energy storage sectors, while also addressing the challenges and opportunities presented by the shift towards a more sustainable future.
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