Tesla CEO Elon Musk recently praised the Texas team working on the Austin Gigafactory in a recent tweet. Based on videos of Giga Texas’s progress, Tesla seems to be moving along with its construction right on schedule.
“Tesla Texas team is making great progress! Giga Texas factory will be an a$$kicker,” Musk replied to a tweet from the Austin Tesla Club, who shared a photo of the construction site. Each new Gigafactory has developed its own special defining trait, even the ones that are in the middle of construction–and Giga Texas is no different.
Giga Shanghai became known for its speed and the quality of its vehicles. Tesla’s factory in Berlin will have extremely advanced technology thanks to its next-gen paint shop, which Elon Musk seems very excited to see in action.
Giga Texas will probably be known for two notable traits. First, it will most likely have the most beautiful Gigafactory grounds. After announcing the location of Tesla’s next Gigafactory in the US, Musk shared that parts of the Giga Texas complex will be an “ecological paradise” of sorts that the public could visit.
Giga Texas’s second notable trait would be its production of the Cybertruck. If the vehicle proves successful, there is a good chance that Tesla’s other facilities may also manufacture the all-electric pickup, and there’s an equally good chance that the truck could be produced for a very long time. But the factory in Austin will always be Tesla’s first Cybertruck production line.
Elon Musk shared that Tesla made some minor tweaks to the Cybertruck before production starts in Giga Texas. During the Q3 earnings call, Musk said that the Cybertruck’s production depends a lot on Giga Texas’ completion, making his recent praise even more noteworthy.
“Like [the Cybertruck is] going to be made in Austin. So it’s kind of dependent on completing that factory. And there are obviously new technologies with the high hardness kind of armored exoskeleton,” he said.
The Cybertruck’s design has received polarized reactions. The Tesla all-electric truck’s stainless steel exoskeleton allows the vehicle to have a unique take on the traditional pickup. Musk has noted in the past that the Cybertruck’s origami-like approach in making the exoskeleton may be one of the difficulties Tesla has to face during the EV pickup’s production.
“This is — it’s never been done before, so there’ll probably be some challenges along the way. And obviously, something that’s extremely high hardness and difficult to scratch or dent is also difficult to form. So there’s manufacturing challenges there. That’s why it’s so cleaner,” Musk said during the last earnings call.
Based on Elon Musk’s Cybertruck updates on Twitter, though, the Tesla team has been working continuously on the EV pickup truck’s design since its unveiling last November. Thanks to Tesla’s experience with the Model 3’s “production hell”, the company is well aware that the Cybertruck’s final design will likely determine how challenging its production ramp will be. The Tesla team’s constant work on refining the details of the Cybertruck’s design hints that the company is doing everything in its power to make sure the production of its first EV pickup goes by smoothly.
Watch a recent flyover of the Tesla Gigafactory Texas site in the video below.
Investor's Corner
Tesla Q2 2025 earnings: What Wall Street expects
The company has faced mounting pressure this year, with TSLA stock down 19% year-to-date.
Tesla (NASDAQ:TSLA) is set to release its second-quarter 2025 financial results after markets close on Wednesday, July 23. The company has faced mounting pressure this year, with TSLA stock down about 19% year-to-date.
What Wall Street expects
As noted in a TipRanks report, Wall Street has remained cautious about the electric vehicle maker due to concerns about the EV segment in general, competition, reduced margins, federal EV regulations, and CEO Elon Musk’s political activities.
Overall, Wall Street expects Tesla to post earnings per share of $0.39, down 25% from a year ago. Tesla’s revenue is forecasted to fall 13% to $22.19 billion, and analysts also expect the electric vehicle maker to post lower margins this quarter.
Analyst expectations
Tesla delivered approximately 384,120 vehicles in Q2, a 13.5% drop year-over-year, as per Main Street Data. The company also produced over 410,000 vehicles and deployed 9.6 GWh of energy storage products during the quarter.
Ahead of the earnings call, Cantor Fitzgerald analyst Andres Sheppard reiterated a Buy rating and a $335 per share price target. He also adjusted his Q2 revenue forecast to $21 billion, down from his previous estimate of $24.1 billion. Despite short-term softness, Sheppard maintained his 2025 and 2026 projections, citing confidence in Tesla’s high-margin Robotaxi business model.
Barclays analyst Dan Levy kept a Hold rating with a $275 price target. He stated that the company faces “increasingly weaker fundamentals,” but he also suggested that Tesla’s Robotaxi story could drive optimism. Levy expects modest gross margin improvement quarter-over-quarter and flagged the full-year EPS estimate drop from $3.20 to $1.84. Delays in launching the affordable Tesla model remain a downside risk, Levy noted.
News
Tesla expands FSD Transfer offer to Europe and the Middle East
Tesla’s FSD transfer offer has long been used as a quarterly sales lever in North America.
Tesla has extended its Full Self-Driving (FSD) transfer promotion beyond North America, opening the door for owners in Europe and the Middle East to carry over their existing FSD systems to a new vehicle.
The move comes days after Elon Musk acknowledged a user’s request for FSD transfers in Europe on X, which the CEO called a “fair” ask. Tesla Europe later confirmed the offer via its official X account.
FSD transfers reaching new markets
FSD transfers have been used as a quarterly sales lever in North America, with its most recent availability in April 2025, as noted in a Not a Tesla App report. While this incentive had remained exclusive to the U.S. and Canada, Tesla’s latest announcement marks the first time the program has been rolled out internationally.
Interestingly enough, the offer hasn’t yet been extended to other FSD-enabled regions like China. This suggests that Tesla may be prioritizing markets where regulatory approval for FSD remains pending. European Tesla owners, after all, have been waiting literal years for FSD to be rolled out into their countries.
How the program works
The process for FSD transfers is straightforward. Existing Tesla owners with FSD must place a new vehicle order and complete delivery during the active promotion period. During checkout, customers are instructed not to add FSD to the new car. Instead, they must notify a Tesla advisor of their intent to transfer their existing vehicle’s FSD.
On delivery day, FSD will be deactivated on the old vehicle and activated on the new one. Customers are not required to trade in or sell their original Tesla that had FSD, though once the license is moved, the old vehicle reverts to just Basic Autopilot features.
News
Tesla Q2 2025 vehicle safety report proves FSD makes driving almost 10X safer
Tesla released its most recent vehicle safety data on its official website.
Tesla has released its most recent vehicle safety report, reiterating the idea that Autopilot and systems like Full Self Driving (FSD) are really the company’s best safety features.
Tesla released its most recent vehicle safety data on its official website.
Tesla’s Q2 2025 safety statistics
As per the electric vehicle maker’s Q2 2025 report, the company recorded one crash for every 6.69 million miles driven for vehicles that were using Autopilot technology. In comparison, data from the NHTSA and FHWA listed one automobile crash every 702,000 million miles.
“In the 2nd quarter, we recorded one crash for every 6.69 million miles driven in which drivers were using Autopilot technology. For drivers who were not using Autopilot technology, we recorded one crash for every 963,000 miles driven. By comparison, the most recent data available from NHTSA and FHWA (from 2023) shows that in the United States there was an automobile crash approximately every 702,000 miles,” Tesla wrote in its report.
FSD as a safety feature
Elon Musk has always maintained that FSD is the company’s biggest safety feature. This is no exaggeration, as the system allows vehicles to operate vehicles without human intervention. Tesla is currently proving this in Austin, where it operates the pilot program for its dedicated self-driving Robotaxi service. Customers who have used Tesla’s Robotaxi service in Austin have noted that the vehicles operate in a manner that is akin to a confident and cautious driver.
An underrated advantage of Tesla’s FSD system is the fact that it does not get tired, nor does it ever operate the vehicle while intoxicated. It never gets distracted either. These advantages may seem minor, but they go a long way towards making Teslas the safest vehicles on the road today.
Tesla Q2 2025 earnings: What Wall Street expects
Tesla expands FSD Transfer offer to Europe and the Middle East
Tesla Q2 2025 vehicle safety report proves FSD makes driving almost 10X safer
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