In April 2026, the Company entered into an agreement to acquire an AI hardware company for up to $2.00 billion in Tesla common stock and equity awards, of which approximately $1.8 billion is subject to certain service conditions and/or performance milestones dependent on the successful deployment of the company's technology.
https://www.sec.gov/Archives/edgar/data/1318605/000162828026...
[1] https://techcrunch.com/2026/01/20/elon-musk-says-teslas-rest...
Can we vote to ban an adverb?
This electrek site frequently comes up in my Firefox news feed and they seem to have made a business of breathless reporting news about Tesla with a negative spin.
I am not sure what term you use for having people work on your behalf according to the terms of a contract and then not paying the agreed upon compensation, but "theft" or "steal" would be the colloquial term. Only the intentionally biased would claim a trillion dollar company not paying fans for their work in accordance with their own contract is not "stealing" in common parlance.
I am sorry I was downplaying Tesla's bad behavior by just highlighting that individual fans were jilted out of hundreds of thousands of dollars of their work instead of pointing out how they screwed hundreds of their most loyal fans out of tens of millions of dollars of earned compensation. Anything other than praise for such a upstanding company is unwarranted and smearing their victims is the only unbiased move.
[1] https://electrek.co/2019/01/17/tesla-roadster-free-killed-re...
If you want more good news about Tesla then perhaps Tesla should be better run. Perhaps Tesla should abandon their policy of constantly lying. Tesla's been lying continuously about full self-driving for a decade. Tesla lies about dumb things there's no need to lie about like how fast the Cybertruck is:
https://www.motortrend.com/reviews/tesla-cybertruck-beast-vs...
https://www.youtube.com/watch?v=K0AJmLvKjxw
https://www.youtube.com/watch?v=5J3H8--CQRE
Tesla never ran that quarter mile, a lie which the lead Cybertruck engineer pathetically tried to defend. When even your engineers can't achieve basic honesty then you've got a sick company culture:
https://x.com/wmorrill3/status/1746266437088645551
What "positive" spin do you want to see on these lies?
It trades at a 360 p/e with annually shrinking finances. None of it's blockbuster promises have come to fruition, and it keeps on faux chasing hype products to keep shares buoyant. Nevermind all the shady accounting and and notorious opaque data sharing that has cropped up in the last few years.
It has had three success stories which are all pretty banal (model S, model 3, model Y), and has a litany of perpetually "just around the corner" products that will fill those massive 360 p/e shoes and then way more. FSD, roadster, semi, model 2, robotaxi, optimus robot, and now terafab. All vaporware that is indefinitely pending, and seem perfectly crafted to tickle the mind of "the internet IQ test said I'm a genius" type investors.
It then has it's meh business of battery production and storage, which does alright for what it is, but even still is now borderline noncompetitive with Chinese offerings.
So if electrek is going hard against Tesla...it kind of makes sense?
That aside though, in total sales, BYD is selling 2.5x the amount of EVs.
Tesla ranked 9th, behind Toyota and Volkswagen for total sales in Feb and March.
Globally, Tesla has a tight lineup, so there is only one SUV choice. Other brands outsell Tesla model Y, but it's splintered across their many offerings in the SUV space. Tesla really wants you to know that the model Y is the top selling car globally. They don't want you to know that other SUV brands outsell them, but in the form of many different models.
This is exactly the kind of nonsesne flexing I am referring to that comes out of Tesla for the last few years. Things that on the surface seem "wow", but underneath are just shady or misdirection.
Care to give counter examples?
Tesla (and Elon) are responsible for bringing on the EV age, and forcing the trend on legacy manufacturers. Anyone who says otherwise is uninformed or dishonest.
That being said, their (one trick) pony has done it's trick, and now it's just promises that the pony will do progressively more crazy tricks if you just give it a little more time.
>Tesla’s ‘Robotaxi’ expansion looks like another stock pump before earnings
>Tesla’s California sales crash 24% as state’s EV market plunges to lowest since 2021
>Tesla’s head of customer experience leaves for Coinbase as talent exodus grows
Even benign announcements are phrased in a negative light:
>Tesla launches ‘Robotaxi’ in Houston and Dallas with tiny geofences
Going out of their way to say the initial area for Dallas is “tiny”. You can imagine that a few years ago when they still liked Tesla they would have reported this story much differently.
These are headlines with Fox News level of bias.
>Tesla’s ‘Robotaxi’ expansion looks like another stock pump before earnings - I believe thats fair, they love doing this but Im willing to concede its negative.
>Tesla’s California sales crash 24% as state’s EV market plunges to lowest since 2021 -> Thats just a fact, it also mentions in the headline that the entire EV industry is down a lot in Cali so of course Tesla is heavily affected. If they wanted to just bash tesla it would have been trival to cut that out instead they provide context.
>Tesla’s head of customer experience leaves for Coinbase as talent exodus grows -> Both statements( head of customer experince leaves && talent exodus ). I guess you could make a argument that "talent exodus" is negative but is it not warranted? Its not a good look when a bunch of people leave your company at the same time.
>Tesla launches ‘Robotaxi’ in Houston and Dallas with tiny geofences - The initial area IS tiny it would not be a fair article if that was not highlighted, its just a few neighbors in some of the most sprawling cities in the US. The total area they are operating is in not even 10% of the city, its 30-35sq miles out of 340. The entire metro is ~9,000. That IS tiny especially if we compare it to its competitors that operate throughout entire cities.
What has Tesla done positively lately? Optimus is hardware that exist in many other companies paired with remote people controlling it, the cybertruck is a disaster, the semi has had no news of note, the robotaxi currently does not exist and requires software that has been promised for years and years without actually being delivered so its only fair to be skeptical of it.
Is it legal? The whole point of earnings call is to disclose such events to [potential] shareholders.
> "In April 2026, the Company entered into an agreement to acquire an AI hardware company for up to $2.00 billion in Tesla common stock and equity awards, of which approximately $1.8 billion is subject to certain service conditions and/or performance milestones dependent on the successful deployment of the company’s technology."
That's not quiet or sneaky in any way.
The article says:
> The fact that Tesla discussed the $2 billion SpaceX investment extensively in the shareholders' letter but didn't mention an equally-sized acquisition is a deliberate choice.
The existence and content of the report is all that matters, you can emphasize or ignore anything you want in the press release.
Has any company ever buried such a large acquisition in its filings without disclosing the acquired company prior? I cannot recall any off the top of my head.
You might be shocked to find out, as I was, that earnings call are not even legally required. Companies are legally required to make SEC filings and that's it.
so it could be as well just 200 million.
> The deal structure offers a few clues. Only $200 million of the up to $2 billion total is guaranteed — the remaining $1.8 billion is tied to service conditions and performance milestones.