Tesla to launch Cybercab robotaxi in Texas on September 3: report

Tesla (TSLA) stock is poised for its best weekly gain since May, driven by progress in robotaxi and Cybercab production. Elon Musk announced Cybercab production has started, with robotaxis logging 380,000 unsupervised miles. Full Self-Driving (FSD) demand is rising, with nearly 1.5 million paid subscribers. However, Tesla is recalling 3 million vehicles in China for software-related issues. Investors seem focused on autonomy and robotics progress, with TSLA stock up 7% over the past year, tradin

Tesla plans to expand its Shanghai factory, aiming to more than double its production capacity in China to 2 million EVs annually. The expansion, near its existing plant, is expected to start next month and will help meet growing demand. Current production targets are 1.1 million EVs per year, pending supply chain improvements. Tesla's Shanghai plant is crucial for its global production, manufacturing the Model Y and Model 3.

Tesla is recalling up to 3 million EVs in China due to door-handle visibility issues and driver-attention monitoring defects, per SAMR. The recall, starting late September, includes affixing warning labels and software updates. Affected models are domestically built Model 3 and Model Y, plus imported Model 3, X, and S. Tesla will provide free updates to improve safety.

Tesla is recalling 2.98 million vehicles in China due to potential issues with door releases that could trap occupants in crashes. The fix includes warning labels and a software update. The recall covers Model 3, Model Y, Model S, and Model X vehicles built between 2018 and 2026. China is Tesla's second-largest market, generating $20.96 billion in revenue last year, about 22% of total revenue.

Samsung Foundry aims to turn around losses with Tesla's 2nm chip orders for AI and autonomous driving, targeting mass production by 2027. SK Hynix unveils optical interconnect tech to address AI infrastructure bottlenecks, published in Nature Electronics. Both companies will present HBM technologies at Hot Chips 2026, highlighting evolving memory competition.

China's regulators ordered a recall of 3 million Tesla vehicles and 1.3 million other automakers' cars due to safety concerns with electric door handles. The recall follows incidents where passengers and rescuers struggled to open doors during emergencies. Tesla will add warning labels and update software to lower windows in a collision, but concerns remain about 12-volt system failures.