Tesla filed an S-8 with the SEC to register over 303 million shares for Elon Musk's 2018 pay package, now worth $114 billion. The move ends a multi-year legal battle after courts restored the record compensation award.
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Sawyer Merritt reports Tesla has stopped Cybertruck Premium All-Wheel Drive orders. The configurator lists Dual Motor at $82,490, and that row cannot be selected.
Elon Musk said Tesla will have to return Cybertruck deposits for a lot of people, and that the order rate far exceeds production.
Elon Musk said on X that SpaceX "closed $40B of debt for GPUs," adding that the company is investment grade and has Starlink and launch revenue, while debt markets have "almost entirely shut off" for companies without substantial revenue independent of AI data centers. In a follow-up reply, Musk said it is "primarily callable debt for GPU purchases that will arrive in Q1 and Q2" and "not a major factor this quarter." Musk did not name lenders or terms. Reuters, the FT, CNBC, Semafor and Bloomberg had earlier reported, citing unnamed sources, that SpaceX was arranging about $40 billion of debt for Nvidia chips, with Apollo and Goldman Sachs reported to be leading.
SpaceX bought $151 million in Tesla Megapack purchases during the third quarter in its latest 10-Q filing. The purchases bring the company's year-to-date total to $480 million.
Tesla is building its own maps to fix recurring FSD problems with speed limits, parking, and routes. The change reverses the company's prior stance that map-dependent systems are brittle.
