Former Tesla 4680 battery cell production engineer James Herbermann has been named Vice President of Manufacturing at the American Battery Factory (ABF).
“James brings to American Battery Factory incredible perspective and front row experiences in evolving battery cell technology and is the perfect complement to our team as we begin our journey to develop a domestic battery manufacturing ecosystem that will make energy independence and renewable energy a reality for the United States,” ABF CEO and President Paul Charles said. “As we lay the foundation for our factory network, I am confident James’ cross-functional leadership will not only enhance the efficiency of ABF’s modular approach to manufacturing, but it will also propel our unwavering quest to develop the longest-lasting LFP prismatic battery cells on the market.”
James Herbermann, formerly with Tesla, joins American Battery Factory as its new Vice President of Manufacturing.
ABF is working to develop the United States’ first network of Lithium-Iron Phosphate, or LFP, battery cell gigafactories. The LFP cell is a major part of many automakers’ plans for future electric vehicles as more cell chemistries are being utilized to combat excessive demand. Tesla, for example, started transitioning its Standard Range trim levels to LFP batteries last year. The automaker confirmed that it would utilize the cell chemistry in lower range vehicle as they are less expensive and have longer lifespans. They do have their disadvantages, especially in terms of energy density, which means less power and range with EVs that utilize these packs. They are also more likely to be affected by adverse weather conditions, especially in colder climates.
CEO Elon Musk has said in the past that LFP packs want to be charged to 100 percent, as opposed to nickel-based packs that prefer a 90 percent state of charge.
Tesla is just one of the companies working to use LFP cells. Rivian, Ford, and Volkswagen are also utilizing the cell chemistry for some of their vehicles. Therefore, the need to produce more cells to provide automakers and customers with suitable options is definitely a work in progress.
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ABF is working to eliminate LFP shortages with a series of production plants across the U.S., and the company is looking for Herbermann to lead and support all aspects of its manufacturing and production operations. Prior to ABF, Herbermann worked at Tesla to lead the development and scaling of its new battery electrode processes in Austin from the pilot program to a full-scale production process. He was a direct piece of Tesla’s commercialization of the 4680 cells, which has been installed in early builds of the Model Y from the new Austin factory. Additionally, Herbermann has developed “novel Sodium Titanium Phosphate; F1 racing Li-Ion cells; Aquion Hybrid Ion (AHI®); Duracell Ultra®; Comfort Plus® modular carpet tiles; and ZIP Wall® sheathing,” a press release from ABF said.
“I am inspired by ABF’s mission to develop a domestic supply chain for LFP batteries, especially in light of the pandemic’s crippling effect on availability and our country’s glaring void in battery cell manufacturing,” Herbermann said about his new role. “With its strategic approach of constructing a network of modular rapid construction factories near or onsite at pack integrators and energy solution providers, ABF is on track to solve one of the planet’s most pressing energy needs. I look forward to being a part of this impactful work.”
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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.
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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.”
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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 has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
SpaceX gets initial stock coverage from Tesla’s biggest bull
