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The new tariff deal between the U.S. and China is leading Tesla to resume production
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on its CyberCab project. As the company continues touting, it now makes more than just cars
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Tesla will begin shipping parts from China to the U.S. for use on Tesla vehicles at the end
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of the month. The parts are for the production of the CyberCab as well as semi-trucks. Tesla
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had suspended such shipments after President Trump imposed 145 percent tariffs on Chinese imports
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The compromise negotiated last weekend will see the tariffs drop from 145 percent to 30 percent
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Tesla hopes to begin production on the two models in October, then cranking up mass production in
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2026. The cyber camp rollout will reportedly take place in Texas, while the semi will debut in Nevada
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Meanwhile, the Tesla board has now reportedly formed a two-person committee to review
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Elon Musk's compensation as CEO. The Financial Times reports new stock options would depend
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on Tesla meeting financial, operational, and stock price targets. Back in 2024
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a court in Delaware voided Musk's 2018 compensation package, ruling that the board's
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approval process was flawed and not fair to shareholders. It totaled more than $50 billion
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Musk then appealed. He currently has a 13% stake in the company
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Tesla is currently trying to reposition itself as an AI and robotics company
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more so than an automaker, despite its fleet of electric vehicles. This week, Musk posted multiple videos of Tesla's Optimus robot dancing on X
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The postings are meant to showcase what is called real-time movement, as well as balance
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Musk previously stated Optimus will be able to perform various everyday tasks in the future
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Production is expected to start sometime later this year. For more unbiased updates, download the Straight Arrow News app or go to san.com
