Overview
- Tesla shares continue to climb after a six-session run of more than 14% as investors focus on possible Chinese approval for its Full Self-Driving software.
- Elon Musk traveled to China with President Trump to seek permission to sell FSD there, which could open a major new market for the $99-per-month service and lift the current base of about 1.3 million subscribers.
- Tesla halted Model S and Model X production to convert those lines for Optimus humanoid robot manufacturing, showing a shift in factory priorities toward AI-driven products.
- The company plans about $25 billion in capital spending in 2026, up sharply from under $9 billion last year, and it is adding roughly $250 million to expand battery cell production in Berlin.
- Tesla has begun building its purpose-built Cybercab and is running small pilot robotaxi services in several cities, while consulting firm McKinsey projects large-scale robotaxi deployment closer to 2030.