Elon Musk Says Tesla’s Megapacks Are Nearly Sold Out Through 2027 as Energy Demand Surges: 'Ramping Production as Quickly as Possible'

NHTSA proposed updating federal lighting rules for autonomous vehicles, including optional cyan ADS marker lamps for cars like Tesla's Cybercab. The proposal, open for comments until late November, would allow automakers to choose whether to implement the new lights. Tesla is under investigation for Cybercab certification but plans to sell them by year-end.

Samsung Electro-Mechanics, a Samsung Group subsidiary, received investments from Nvidia (2.6 trillion won) and Tesla (1.1 trillion won) for AI semiconductor production. The company produces MLCC and FC-BGA, crucial for AI data centers and semiconductors. Nvidia and Tesla aim to secure stable substrate supplies for their AI and automotive technologies.

Intel will manufacture a chip for Tesla using its 14A process, though the specific chip remains undisclosed. Intel aims to prove its foundry capabilities against competitors like TSMC and Samsung. Tesla may use the chip for AI or infotainment systems, with production potentially starting around 2028. Intel also announced a $20 billion equity raise for factory expansion.

Tesla aims to produce 5 million vehicles annually by 2030, nearly tripling current output. CEO Elon Musk outlined this goal during the Q3 earnings call, despite a 43% decline in quarterly net income to $787 million. The company plans $20 billion in capital expenditure by 2026 for expansion, with production capacity cited as a constraint.

Tesla (TSLA) and Nvidia (NVDA) plan to invest $2.8 billion in Samsung Electro-Mechanics to expand production of advanced substrates for AI processors. Nvidia will contribute $2.0 billion, while Tesla will invest $829.9 million for a five-year supply of substrates. Samsung expects Nvidia to become a major customer by 2028, with both companies aiming to secure supply chains for AI and autonomous-driving technologies.

Elon Musk has backed a potential merger between Tesla and SpaceX, with a combined market value estimated at £2.7 trillion. Both companies are reviewing the proposal, but no deal has been agreed. Musk faces hurdles, including Tesla's 50% shareholder approval requirement. No share-exchange ratio or timetable has been announced.