In an announcement at a meeting with the Nevada Board of Education last Thursday, Tesla officials stated that it would be issuing an initial grant of $1.5 million to the state’s K-12 education system. The donation is the first part of a $37.5 million grant that Tesla is set to roll out for the next few years, as a means for the company to help develop STEM talent within the state.
According to Nevada Gov. Brian Sandoval, Tesla’s grant, which would be released on a quarterly basis, will give students more access to specialized fields of study such as Science, Technology, Engineering, and Math (STEM). In a statement to the Nevada Appeal, Tesla CTO JB Straubel stated that the electric car maker and energy company expects STEM jobs in the state to increase over the coming years.
“The demand for STEM jobs in Nevada will continue to grow dramatically over the next few years,” Straubel said.
Tesla selected the recipients of the initial $1.5 million grant together with teachers, business leaders, and Nevada government officials. The first round of recipients includes $315,550 to FIRST Nevada and $127,100 to Robotics Education and Competition Foundation, which would allow schools to establish premier robotics programs. $263,924 will also be given to the DRI at UNR as well, to develop teacher training programs on robotics and STEM.
The Envirolution, Inc. is set to receive $262,700, which would enable the institution to develop a STEM program that focuses on energy sustainability, as well as projects that push energy efficiency to local Nevada schools and businesses. $200,000 will also be granted to Jobs for Nevada Graduates for the development of mentoring and employability skills. Sierra Nevada Journeys is set to receive $154,083 to implement programs that would foster interest in STEM fields at an early age. The grant will also be used to provide 250 scholarships for students in underserved communities, where qualifying individuals could attend overnight learning programs.
Lastly, $76,643 will be granted to Energetics Education for a pilot Solar Rollers program in Washoe County, which would challenge high school students to design, build, and race solar-powered radio-controlled vehicles. An additional $50,000 each at Washoe and Clark school districts will further be distributed to expand special assignment roles in Career and Technical Education offices.
Tesla’s grant to Nevada’s education system was outlined in the company’s documents from October 2014. As noted by auto journalist Bozi Tatarevic on Twitter, Tesla’s donations for the state’s education system is part of Gigafactory 1’s incentive package. In the filings submitted by Tesla then, the electric car and energy company pledged to make direct contributions to the state’s K-12 programs, together with a $1 million grant to fund advanced battery research at the UNL, as well as a pledge to support the state’s the veterans.
“Tesla will make direct contributions to K-12 education of $37.5 million beginning August 2018; grant $1 million to fund advanced battery research at UNLV; prioritize the employment of Nevadans and Veterans.”
Tesla takes part in this year’s Introduce a Girl to Engineering Day. [Credit: Tesla]
As noted in Tesla’s Gigafactory incentive deal, the battery facility is expected to increase regional employment by 10%, with a total economic impact of around $100 billion. This economic impact is expected to increase Nevada’s regional GDP by 20%. The Gigafactory is also estimated to generate around $1.9 billion in total financial impacts.
Tesla’s Gigafactory in Nevada is tasked with the production of the battery packs and drivetrains for the Model 3, the company’s first attempt at a mass-market electric car. Over the past year, Gigafactory 1 has largely grown from within as Tesla continued the production ramp of the electric sedan. This past Q2 2018, reports emerged that robots and additional machinery from Tesla Grohmann Automation in Germany were transported by air from Europe. The robots were reportedly installed at the Gigafactory to enable Tesla to address production bottlenecks in the Model 3’s battery module line.
Despite its already massive size, Gigafactory 1 is less than 30% complete. Fully built, Gigafactory 1 will be the world’s largest building by physical footprint, covering 13 million square feet.
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Tesla ends Full Self-Driving purchase option in the U.S.
In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.
Tesla has officially ended the option to purchase the Full Self-Driving suite outright, a move that was announced for the United States market in January by CEO Elon Musk.
The driver assistance suite is now exclusively available in the U.S. as a subscription, which is currently priced at $99 per month.
Tesla moved away from the outright purchase option in an effort to move more people to the subscription program, but there are concerns over its current price and the potential for it to rise.
In January, Musk announced that Tesla would remove the ability to purchase the suite outright for $8,000. This would give the vehicle Full Self-Driving for its entire lifespan, but Tesla intended to move away from it, for several reasons, one being that a tranche in the CEO’s pay package requires 10 million active subscriptions of FSD.
Although Tesla moved back the deadline in other countries, it has now taken effect in the U.S. on Sunday morning. Tesla updated its website to reflect this:
🚨 Tesla has officially moved the outright purchase option for FSD on its website pic.twitter.com/RZt1oIevB3
— TESLARATI (@Teslarati) February 15, 2026
There are still some concerns regarding its price, as $99 per month is not where many consumers are hoping to see the subscription price stay.
Musk has said that as capabilities improve, the price will go up, but it seems unlikely that 10 million drivers will want to pay an extra $100 every month for the capability, even if it is extremely useful.
Instead, many owners and fans of the company are calling for Tesla to offer a different type of pricing platform. This includes a tiered-system that would let owners pick and choose the features they would want for varying prices, or even a daily, weekly, monthly, and annual pricing option, which would incentivize longer-term purchasing.
Although Musk and other Tesla are aware of FSD’s capabilities and state is is worth much more than its current price, there could be some merit in the idea of offering a price for Supervised FSD and another price for Unsupervised FSD when it becomes available.
Elon Musk
Musk bankers looking to trim xAI debt after SpaceX merger: report
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.
Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.
The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.
The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.
Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”
That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.
X merged with xAI last March, which brought the valuation to $45 billion, including the debt.
SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:
“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”
The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.
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Tesla pushes Full Self-Driving outright purchasing option back in one market
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.
The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.
NEWS: Tesla is ending the option to buy FSD as a one-time outright purchase in Australia on March 31, 2026.
It still ends on Feb 14th in North America. https://t.co/qZBOztExVT pic.twitter.com/wmKRZPTf3r
— Sawyer Merritt (@SawyerMerritt) February 13, 2026
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.
The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.
Tesla hits major milestone with Full Self-Driving subscriptions
However, Tesla just launched it just last year in Australia.
Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.
The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.
In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.
The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.
Tesla ends Full Self-Driving purchase option in the U.S.
Musk bankers looking to trim xAI debt after SpaceX merger: report
