Tesla Scales Semi Truck Production, Musk Testifies on $38 M OpenAI Donation
Tesla began higher-volume Semi truck production at its Nevada facility, shifting from pilot builds to automated manufacturing and driving a 2% stock rise. Elon Musk testified he donated $38 million to OpenAI without any formal agreement, escalating his legal dispute with its leadership.
1. Tesla Semi Production Ramp
Tesla has transitioned its electric Semi program at the Nevada Gigafactory from limited pilot builds to higher-volume automated manufacturing, marking a pivotal shift in its long-delayed commercial vehicle strategy and attracting a 2% uptick in share value.
2. Musk’s OpenAI Donation Testimony
In a courtroom session over his 2024 lawsuit, Elon Musk confirmed he contributed $38 million to OpenAI’s founding nonprofit without any contractual terms, asserting he relied solely on the organization’s charter and leadership assurances that it would remain a charity.
3. SoftBank’s Potential Boost
Market observers are evaluating how SoftBank might support Tesla shares through strategic equity investments or partnerships, although specific proposals or timelines for such a move have yet to emerge.