Connect with us

News

Tesla CEO Elon Musk reportedly wants to build his own Hyperloop

Elon Musk inside the Badgerloop Hyperloop concept pod via Eric Schirtzinger

Published

on

A person close to Tesla CEO Elon Musk has indicated that the EV mogul plans to build the Hyperloop from New York to Washington, D.C. that he tweeted about earlier this month.

Bloomberg first reported the story.

While Musk laid out the original idea for the Hyperloop, he has largely remained on the sidelines while separate startups — like Hyperloop One and Hyperloop Transportation Technologies — develop technology for the space-aged transportation system. That is no longer the case.

“While we’re encouraged that others are making some progress, we would like to accelerate the development of this technology as fast as possible,’’ The Boring Compnay said in a statement. “We encourage and support all companies that wish to build Hyperloops and we don’t intend to stop them from using the Hyperloop name as long as they are truthful.’’

Essentially, while Musk will still support development from other companies, he fully intends on building the entire Hyperloop system he previously mentioned.

Advertisement

Hyperloop One and HTT have conducted several tests in recent months and made significant progress. HTT recently penned a deal with South Korea to construct a 200-mile Hyperloop system between Seoul and Busan. If HTT can achieve its 620 mph goal, the journey between the two cities would only be 20 minutes.

Hyperloop One greeted Musk’s intentions with optimism, saying that it will take a team effort to make the Hyperloop dream come to fruition.

“It’s going to take many, many brilliant minds and commitment from many people to push it forward,” Pishevar said. “I’m a huge believer in him.”

Hyperloop One recently completed a test where it’s pod flew down the track at 192 mph.

Hyperloop technology has already received a boost from SpaceX in the Hyperloop pod competition earlier this year. The competition, which called on college students and independent engineers to test their Hyperloops on a test track outside SpaceX and Tesla HQ in Hawthorne, California, is in its second installment this summer.

Advertisement

“The competition’s goal is to accelerate the development of functional prototypes and encourage innovation by challenging teams to design and build the best high-speed pod,” according to the SpaceX website. “Teams put their pods through a litany of tests, which was made possible through our Hyperloop system.”

The company is gearing up for the second installment of the competition, which is slated for the weekend of Aug. 25 and will feature a focus on only one objective: Maximum speed.

While in the past Musk’s companies have worked to bolster and support the development of Hyperloop technology, this new, inside information signals that Musk himself will begin to develop his own technology.

News

Tesla reportedly places large order for robot parts, hinting that Optimus V3 design is all but finalized

Tesla has reportedly placed a large order of linear actuators for humanoid robots from a Chinese supplier.

Published

on

Credit: Tesla

Tesla might have all but finalized the design for its Optimus V3 humanoid robot, at least if rumors from China prove accurate. As per recent reports, Tesla has reportedly placed a large order of linear actuators for humanoid robots from a Chinese supplier, with deliveries expected sometime in the first quarter of 2026.

The volume of orders suggested by the reports from China suggests that the components will not just be used for Optimus prototypes.

The rumor

As noted in a report from Sina News, media outlets across China have recently reported that Tesla has placed a $685 million (5 billion RMB) order for linear actuators from Sanhua Intelligent Controls. The components will reportedly be used for the production of Optimus, which will likely be mass-produced in its V3 iteration. The reports claimed that the delivery of the actuators will likely start sometime in the first quarter of 2026. 

Industry watchers have estimated that such a volume would be enough for about 180,000 Optimus robots. This suggests that while Tesla might not be able to start the initial production of its humanoid robots this year, the electric vehicle maker might be able to hit the ground running with its Optimus production next year. And as hinted at by Elon Musk’s comments on X, Tesla seems to be preparing to produce Optimus V3 en masse.

Company comments

The reports of Tesla’s alleged actuator orders have resulted in Sanhua Intelligent Controls’ stock rising. Interestingly enough, a Tesla China representative has stated that “no official information about this order that could be disseminated externally.” A representative from Sanhua, on the other hand, simply stated that the company’s robotics business is progressing smoothly, but they could not comment on market rumors. 

Advertisement

While these reports are rumors for now, there are some optimistic hints that Tesla might have all but finalized the design for Optimus V3, and the company might be looking to start the robot’s production. For one, Sanhua is already a Tesla supplier, providing components for the company’s electric cars. A report from The Information also alleged that Tesla is no longer looking to produce 5,000 Optimus robots in 2025. This was reportedly due to challenges in the robot’s hands.

If Tesla is really starting to order large volumes of components for Optimus’ production, it would suggest that the company might have overcome the challenges it was facing with the humanoid robot earlier this year. It would then not be farfetched if Tesla were able to start the initial production of Optimus V3 next year.

Continue Reading

News

Tesla eyes two new states for Robotaxi

Published

on

Credit: @TerrapinTerpene/X

Tesla has officially shown that it is eyeing two new states for Robotaxi operation in the U.S., as it hopes to add the new areas to its ever-growing list of places where the suite is either active or in the testing phase.

Tesla first launched its Robotaxi suite in Austin, Texas, in late June. It expanded the suite to the San Francisco Bay Area just a month later. Since then, it has not launched any public rides in any other states, but it has gained several approvals for early testing.

Tesla officially launches Robotaxi service with no driver

In preparation for operation in new states, Tesla routinely lists job postings on its Careers website, which helps align potential employees with opportunities ahead of regulatory approvals. This is a strategy that allows Tesla to start operations immediately upon licensing for testing.

Tesla started hiring Vehicle Operators for Autopilot in Arizona and Nevada months before the company gained any sort of approvals from state governments for Robotaxi. However, those approvals eventually came in the form of testing licenses, which allow the company to perform validation ahead of its public launch.

Tesla begins validating Robotaxi in a new area, hinting at expansion

Now, Tesla has posted job listings for Vehicle Operators for Autopilot in two new states: Colorado and Illinois. The Colorado job listing is located in Aurora, a suburb of Denver. Tesla is looking for Robotaxi operators in Chicago as well.

These postings hint toward Tesla’s continuing efforts to expand Robotaxi to new places. Earlier this year, CEO Elon Musk said the company would like to have Robotaxi available to at least half of the U.S. population.

It has expanded significantly since its initial launch in late June, but it is still a far way off from where Tesla would like it to be by year’s end.

So far, Tesla has job listings for Autopilot Vehicle Operators in Arizona, California, Texas, Florida, Colorado, Nevada, and Illinois.

Continue Reading

Elon Musk

Tesla launched an ad for Elon Musk’s pay package on Paramount+

Published

on

Credit: Tesla

Tesla’s advertising strategy has taken a drastic turn as the company’s upcoming Shareholder Meeting will feature perhaps the most crucial vote in its history: the approval of CEO Elon Musk’s new pay package.

For years, the issue of Tesla’s advertising and marketing strategy has been a major point of conversation for investors in fans. It seems to be split right down the middle, with half wanting Tesla to set aside some money for advertising. The other half, just the opposite.

Tesla has been transparent that the money it would spend on advertising, marketing, and public relations is better set aside for the development of future products.

However, it has recently adopted a different tone in advertising, pushing some commercials on social media platforms like X and Instagram.

For the first time, an ad was seen on streaming services like Paramount+, but it wasn’t promoting Tesla’s products directly. Instead, it was more of a message for shareholders to vote on Musk’s pay package, something Tesla feels is a necessity:

“The future of Tesla is in your hands,” the ad reads at the end. It seems as if Tesla is taking whatever steps it needs to accomplish the task of getting Musk a new pay package and retaining him as its CEO.

On September 5, Tesla officially outlined its plans for a CEO Performance Award for Musk. It would require him to lift Tesla’s market capitalization to about $8.5 trillion, up from the $1.36 trillion it sits at today.

Elon Musk’s new pay plan ties trillionaire status to Tesla’s $8.5 trillion valuation

It is obvious that Tesla is really hoping to get the pay package passed and is willing to shift some of its budget to encourage shareholders to vote.

However, there are some interesting perspectives on the move, and it’s sort of strange to see Tesla not advertising its vehicles or products, but only its pay package that would get its CEO paid.

Some of those who saw the ad are questioning the strategy:

Continue Reading

Trending