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Rimac turns up the throttle on global expansion as it eyes new markets

Rimac is no stranger to longtime readers of Teslarati as a high end electric hypercar that shares quite a few features with Tesla including the huge touchscreen. As the company looks to bring its 1,088HP quad-motor electric car to customers around the world, it is setting its sights far beyond the borders of Croatia with plans to open new locations around the world.
In a recent interview with SeeNews, founder Mate Rimac made it clear that his vision had always been one that would need to go global for the company to truly soar:
“We never thought locally, only globally. It was always clear that Croatia is not a market for our products. Going international from day one was the only way to success.”
To achieve this, Mate Rimac shared that the company will open offices in several locations overseas in support of a renewed push to expand globally.
Rimac has been a visionary since his youth, having first made money selling patents. Like a true mad scientist, this infusion of cash was rolled back into his creations, allowing him to purchase a beat up BMW which he promptly took into his garage and converted into a Frankenstein electric vehicle.
Illustrating his addiction for speed, Mate scored a handful of Guinness Book of World Records in 2012 by setting the fastest 1/4 mile by an electric car and the fastest 1/8 mile by an electric car.

Mate Rimac sets Guinness Book of Records for fastest 1/4 mile in an electric car on 17 April 2012.
This need for speed burned like a fire in Rimac and from it, he built a team of experts that were capable of bringing his vision to reality from the ground up.
Rimac’s tireless innovation fueled the team and led to other established supercar manufacturers coming to Rimac for its manufacturing prowess. Aston Martin, Koenigsegg and Tajima currently source parts from Rimac with more being added to the list on a regular basis.
Echoing the intense vision with a touch of insanity that we have grown accustomed to after years of hearing Elon Musk talk about producing millions of cars per year, global expansion and $5 billion dollar Gigafactories, Rimac is fully committed to his dream.
“You must be willing to sacrifice and invest yourself entirely, in the financial and non-financial sense.”
While Rimac will likely never see the scale that Tesla is now poised to achieve, Mate is laser-focused on staying the fastest electric car in the world as illustrated by his recent public challenge to race a Bugatti Veyron in a head-to-head race against his lithium ion powered beast. Both drivers left the race convinced that the Rimac Concept_One was the future of hypercars.
With Tesla already having established that electric cars can succeed in global markets while also delivering ludicrous performance, Mate Rimac is similarly pushing to expand globally, convinced that there are enough adrenaline junkies that are just crazy enough to drop $1 million dollars on another Rimac hypercar.
News
Tesla begins Robotaxi certification push in Arizona: report
Tesla seems serious about expanding its Robotaxi service to several states in the coming months.

Tesla has initiated discussions with Arizona transportation regulators to certify its driverless Robotaxi service in the state, as per a recent report from Bloomberg News. The move follows Tesla’s launch of its Robotaxi pilot program in Austin, Texas, as well as CEO Elon Musk’s recent comments about the service’s expansion in the Bay Area.
The Arizona Department of Transportation confirmed to Bloomberg that Tesla has reached out to begin the certification process for autonomous ride-sharing operations in the state. While details remain limited, the outreach suggests that Tesla is serious about expanding its driverless Robotaxi service to several territories in the coming months.
The Arizona development comes as Tesla prepares to expand its service area in Austin this weekend, as per CEO Elon Musk in a post on X. Musk also stated that Tesla is targeting the San Francisco Bay Area as its next major market, with a potential launch “in a month or two,” pending regulatory approvals.
Tesla first launched its autonomous ride-hailing program on June 22 in Austin with a small fleet of Model Y vehicles, accompanied by a Tesla employee in the passenger seat to monitor safety. While still classified as a test, Musk has said the program will expand to about 1,000 vehicles in the coming months. Tesla will later upgrade its Robotaxi fleet with the Cyercab, a two-seater that is designed without a steering wheel.
Sightings of Cybercab castings around the Giga Texas complex suggests that Tesla may be ramping the initial trial production of the self-driving two-seater. Tesla, for its part, has noted in the past that volume production of the Cybercab is expected to start sometime next year.
In California, Tesla has already applied for a transportation charter-party carrier permit from the state’s Public Utilities Commission. The company is reportedly taking a phased approach to operating in California, with the Robotaxi service starting with pre-arranged rides for employees in vehicles with safety drivers.
News
Tesla sets November 6 date for 2025 Annual Shareholder Meeting
The automaker announced the date on Thursday in a Form 8-K.

Tesla has scheduled its 2025 annual shareholder meeting for November 6, addressing investor concerns that the company was nearing a legal deadline to hold the event.
The automaker announced the date on Thursday in a Form 8-K submitted to the United States Securities and Exchange Commission (SEC). The company also listed a new proposal submission deadline of July 31 for items to be included in the proxy statement.
Tesla’s announcement followed calls from a group of 27 shareholders, including the leaders of large public pension funds, which urged Tesla’s board to formally set the meeting date, as noted in a report from The Wall Street Journal.
The group noted that under Texas law, where Tesla is now incorporated, companies must hold annual meetings within 13 months of the last one if requested by shareholders. Tesla’s previous annual shareholder meeting was held on June 13, 2024, which placed the July 13 deadline in focus.
Tesla originally stated in its 2024 annual report that it would file its proxy statement by the end of April. However, an amended filing on April 30 indicated that the Board of Directors had not yet finalized a meeting date, at least at the time.
The April filing also confirmed that Tesla’s board had formed a special committee to evaluate certain matters related to CEO Elon Musk’s compensation plan. Musk’s CEO performance award remains at the center of a lengthy legal dispute in Delaware, Tesla’s former state of incorporation.
Due to the aftermath of Musk’s legal dispute about his compensation plan in Delaware, he has not been paid for his work at Tesla for several years. Musk, for his part, has noted that he is more concerned about his voting stake in Tesla than his actual salary.
At last year’s annual meeting, TSLA shareholders voted to reapprove Elon Musk’s compensation plan and ratified Tesla’s decision to relocate its legal domicile from Delaware to Texas.
Elon Musk
Grok coming to Tesla vehicles next week “at the latest:” Elon Musk
Grok’s rollout to Tesla vehicles is expected to begin next week at the latest.

Elon Musk announced on Thursday that Grok, the large language model developed by his startup xAI, will soon be available in Tesla vehicles. Grok’s rollout to Tesla vehicles is expected to begin next week at the latest, further deepening the ties between the two Elon Musk-led companies.
Tesla–xAI synergy
Musk confirmed the news on X shortly after livestreaming the release of Grok 4, xAI’s latest large language model. “Grok is coming to Tesla vehicles very soon. Next week at the latest,” Musk wrote in a post on social media platform X.
During the livestream, Musk and several members of the xAI team highlighted several upgrades to Grok 4’s voice capabilities and performance metrics, positioning the LLM as competitive with top-tier models from OpenAI and Google.
The in-vehicle integration of Grok marks a new chapter in Tesla’s AI development. While Tesla has long relied on in-house systems for autonomous driving and energy optimization, Grok’s integration would introduce conversational AI directly into its vehicles’ user experience. This integration could potentially improve customer interaction inside Tesla vehicles.
xAI and Tesla’s collaborative footprint
Grok’s upcoming rollout to Tesla vehicles adds to a growing business relationship between Tesla and xAI. Earlier this year, Tesla disclosed that it generated $198.3 million in revenue from commercial, consulting, and support agreements with xAI, as noted in a report from Bloomberg News. A large portion of that amount, however, came from the sale of Megapack energy storage systems to the artificial intelligence startup.
In July 2023, Musk polled X users about whether Tesla should invest $5 billion in xAI. While no formal investment has been made so far, 68% of poll participants voted yes, and Musk has since stated that the idea would be discussed with Tesla’s board.
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