Tesla, Inc. (TSLA)[Tv]

Key Developments

• NHTSA launches formal federal investigation into a fatal Tesla Model Y crash involving Full Self-Driving (FSD), with Tesla denying FSD activation despite conflicting data—triggering a major regulatory and reputational crisis that could lead to recalls, fines, or bans on autonomous features.
• SpaceX’s amended S-1 filing reveals potential equity issuance for future transactions, directly fueling market speculation of a Tesla-SpaceX merger, which could reshape Tesla’s standalone identity and redirect investor focus to Elon Musk’s broader empire.
• Sweden’s Transport Administration urges the EU to block Tesla’s FSD software over its ability to override legal speed limits, marking a critical escalation in European regulatory pushback that threatens to delay or cancel FSD rollout across the continent.
• Tesla secures a landmark $15B+ Megapack deal with NatPower and launches a 16 GW virtual power plant with Sunrun, cementing its dominance in energy storage and signaling a profitable pivot beyond automotive that could redefine long-term value.
• Jefferies downgrades Tesla to a $375 price target, labeling its valuation a “casino” driven by speculation around Musk’s moonshots rather than fundamentals—a stark warning of exponential valuation risks.