The inventor of the Cyberbackpack is extending an Elon Musk-esque offer to Tesla employees, offering a discount at a familiar value to any company worker who wishes to buy a backpack based on the Tesla Cybertruck design.
The Cyberbackpack was invented by Riz, a Tesla owner and early adopter of electric vehicles. Riz was inspired to build a backpack for the ultimate Cybertruck fan, featuring USB-C charging ports, expanding storage capacity, and a carbon-fiber compartment for maximum protection of your goods. Just as the Tesla Cybertruck sports a war-ready design, the Cyberbackpack also provides complete protection for books, laptops, and other tech items.
Riz and CyberBrands are now offering any Tesla employee interested in snagging the Cyberbackpack, which usually retails at $249, a…you guessed it…69 percent discount. All you have to do is fill out the Typeform on the product website.
Riz said the idea came from Tesla CEO Elon Musk’s recent decision to buy Twitter, as employees will have more money to spend on Tesla products to support the company if they want the backpack.
“We are doing what we can to help Elon buy Twitter. More money in Tesla employees’ pockets means more money for them to spend on Tesla products,” Riz said.
The Cyberbackpack is a product that has a rich story. After Riz proposed the idea of working on the backpack with Tesla, he became alarmed when the automaker filed a trademark claim for the product’s name.
Elon Musk’s talk at Tesla Giga Texas Cyber Rodeo: updates and details
“My goal is to work with Tesla in some fashion to distribute the product. That’s why I reached out initially. However, if that does not happen, then I would like to continue marketing and selling on my site,” Riz told us in an interview back in April. He actually started developing the product after the Sandy Hook tragedy as a way to protect children at school.
The debacle with Tesla, which was really done to protect the likeness of the Cybertruck as most people would associate it with Tesla, a patent attorney explained to us, Riz decided to build a new company: CyberBrands. This has resulted in several new products based on the Cyberbackpack, including a power bank and a sling bag (which are unfortunately not a part of the Tesla employee promo).
My favorite Cyberbackpack uses
I personally use a Cyberbackpack daily, as I use it for a gym backpack every day. Additionally, it came in handy with a USB power bank over the Summer on the beaches of Assateague Island. After the Bluetooth Bose Speaker or my iPhone was low on a charge, the Cyberbackpack’s awesome versatility as a portable charger comes in handy. Of course, there are days my headphones aren’t charged for the gym, and the Cyberbackpack takes care of that as well.
It’s a great backpack and has a lot of space and storage. I packed an entire weekend of clothing, plus my MacBook, iPad, and chargers in the bag, and still had room leftover. For the price after the 69 percent discount that Riz is offering to Tesla employees, it’s really a bargain.
Just got my Cyberbackpack in the mail! @Riz has a great product here and I cannot wait to put it to use this summer!! pic.twitter.com/CimqDA758B
— Joey Klender (@KlenderJoey) May 31, 2022
Non-Tesla employees, you can buy the Cyberbackpack here.
Disclosure and Promotional Rules: 1. The discount amount will be 69% off the listed price. 2. The discount cannot be combined with other discounts. 3. The discount only applies to backpacks with power banks. 4. The discount can only be used one (1) time and by the email address provided. 5. Discount code will expire in 24 hours, after which you will have to request a new code.
I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.
Tesla CEO Elon Musk posted a photo of himself standing with the Optimus production team inside Tesla’s Fremont factory, arms crossed amid workers in hard hats and safety vests. The image captures a pivotal industrial shift: the same facility space once dedicated to building Tesla’s flagship Model S sedan and Model X SUV is now home to the company’s humanoid robot manufacturing line.
Walking the Optimus production line in Fremont pic.twitter.com/ABS0tuRibW
— Elon Musk (@elonmusk) July 1, 2026
Tesla’s Fremont Factory, acquired in 2010 from the former NUMMI joint venture between Toyota and GM, has been the company’s original U.S. manufacturing hub since Model S production began in 2012.
The Model X followed soon thereafter. These premium vehicles offered lower annual volumes, recently around 30,000 combined, compared to the high-volume Model 3 and Model Y lines that continue around the site. Over their combined run, the S and X accounted for roughly 610,000 units.
In late January 2026, during Tesla’s Q4 2025 earnings call, Elon Musk announced the end of Model S and Model X production in Q2 2026. The final vehicles rolled off the line in early May. Rather than retooling for another vehicle, Tesla chose to convert the dedicated S/X assembly area into a dedicated Optimus Gen 3 production line.
Model 3 and Y manufacturing remains unaffected. Tesla’s official Fremont Factory page now lists Optimus alongside the 3 and Y as core products.
The conversion was executed with remarkable speed. After production stopped, crews dismantled the existing vehicle line and installed entirely new modular equipment—including lines sourced from Germany and dozens of sub-lines for actuators, batteries, and other components—in roughly four months.
Musk described the timeline as “insanely fast,” noting it would be unprecedented for any other manufacturer. Initial Optimus output is expected to ramp slowly due to the robot’s roughly 10,000 unique parts and the brand-new production processes involved. The Fremont line targets an eventual capacity of 1 million Optimus units per year.
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Optimus Development Timeline
- August 19, 2021: Optimus (then called Tesla Bot) formally announced at Tesla’s first AI Day. A concept video showed a person in a suit demonstrating the vision for a general-purpose humanoid capable of dangerous, repetitive, or boring tasks using the same AI architecture as Full Self-Driving.
- 2022: Early prototypes displayed. At the second AI Day in September, semi-functional units demonstrated walking across a stage and basic arm movements
- 2023: September videos showed improved capabilities, including sorting colored blocks, precise limb awareness, and holding a Yoda pose.
- 2024-early 2025: Factory integration videos showed Optimus navigating workspaces and handling objects like battery cells.
- January 2026: Gen 3 mass-production activities began at Fremont, with reports of over 1,000 Gen 3 units already operating inside the factory for real-world learning and AI training
- April 2026: Musk confirms Optimus production on converted Fremont line would begin in late July or August 2026. The Gen 3 reveal, originally eyed for Q1, was pushed closer to production start. A second, much larger Optimus factory at Giga Texas is under construction, with volume production targeted for Summer 2027 and long-term capacity of 10 million units annually
- July 1, 2026: Musk’s on-site visit and team photo confirm the Optimus line is operational and the transition is actively progressing
Tesla positions Optimus as potentially its largest project ever, leveraging vertical integration, AI expertise, and car-like manufacturing know-how to scale humanoid robots first for its own factories and later for broader industrial and consumer use.
The Fremont conversion serves as a critical proving ground for this ambitious new chapter in Tesla’s already-rich history.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla Optimus project fires up as Musk sees production line progress
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
