+0.70% to $330.88 from $328.58
What moved TSLA
- Tesla and SpaceX are jointly investing an initial $16.8 billion to build ‘Terafab,’ a roughly 100-million-square-foot AI semiconductor manufacturing complex in Grimes County, Texas, with total investment across future phases potentially reaching $119 billion.
- The facility is intended to produce advanced logic and memory chips for Tesla’s Optimus robots and Cybercabs, as well as high-power chips for SpaceX’s space-based data centers, and is expected to create at least 3,000 jobs.
- Retail investors funneled roughly $372 million of net inflows into Tesla shares over the five trading sessions through last Wednesday, according to JPMorgan data, contributing to the stock’s rebound.
- Tesla’s valuation has climbed to more than 300 times earnings, a level analysts say will require continued execution on AI and autonomy initiatives.
Sources: TechCrunch · Gurufocus · TipRanks · ts2.tech
Reported product changes
Configurations & features
- Tesla held a media event at its LA Diner showcasing the Model Y L six-seater, revealing a new Zen Grey monochromatic interior option for North America (previously exclusive to Gigafactory Shanghai markets) that replaces the white interior on select trims.
- The event also showed optional 20-inch Uberhelix wheels for the Model Y L, which reduce EPA range slightly from 325 to 320 miles, and confirmed the car’s rear spoiler is functional, adding roughly 15 miles of efficiency rather than being purely cosmetic.
- The six-seat Model Y L is expanding its in-person showroom display beyond the initial launch event to additional retail locations, including a mall in Torrance, California.
Lease & financing
- Tesla published new August lease offers for the Model Y starting at $459 per month on a 36-month, 10,000-mile-per-year term, requiring a $3,000 down payment plus the first month’s payment and a $695 acquisition fee at signing.
Software features
- Tesla’s 2026.26 Summer Update reached wide release, adding a rear-touchscreen lock so rear passengers cannot alter settings changed by front occupants, along with expanded Grok voice assistant abilities to make phone calls and control climate and the glovebox.
Sources: Teslarati · Not a Tesla App · Autoblog · Tesla Oracle
Reported product changes
Full Self-Driving
- Tesla AI chief Ashok Elluswamy said the previous fixed Max Speed control, which let drivers set a hard speed cap for FSD, is an “anti-pattern” and will not be brought back; future builds will instead learn a driver’s implied speed preferences rather than rely on a manual override.
- The confirmation follows Tesla’s replacement of the old Max Speed slider with five Speed Profiles (Sloth through Mad Max) in FSD v14, a system that has itself been repeatedly retuned update to update, leaving some owners confused about how the car will behave.
Sources: Not a Tesla App · Teslarati
Reported product changes
Software & Autopilot
- A growing number of Hardware 3 vehicle owners are reporting Autopilot computer overheating alerts and outright computer failures — including at least one full computer replacement on a 2022 Model Y — since Tesla pushed its FSD v14 ‘Lite’ build to wide release on HW3 cars on July 21; four owners contacted the outlet directly about the same problem.
- Affected HW3 owners separately reported overheating alerts and forced Autopilot disengagements after installing the FSD v14 Lite update, with some monitoring coolant levels while awaiting guidance from Tesla.
Sources: Electrek · TeslaNorth
Reported product changes
Financing
- Tesla let its promotional 0% APR financing offer on the Model Y expire as planned on August 1, ending zero-interest loans that had been available on base trims
- Even as the broad 0% deal lapsed, Tesla introduced a discounted 3.99% APR financing rate specifically for the Model Y Performance trim, which is normally excluded from promotional financing
Sources: Notebookcheck · BigGo Finance