

News
Tesla Truck Unveil: Event details for November 16
Tesla has begun to send official email invitations to attend its upcoming truck unveiling event, to be held on Thursday, November 16 from the company’s Design Center in Hawthorne, California.
The invitation teases with a new photo of the semi-truck that’s taken from the front three-quarter angle. While we’re not able to see much of the vehicle beyond the large wind deflector that’s mounted above the main cabin and the attached tractor, the silhouette resembles the shape of a presumed Tesla’s Semi that was captured in a recent spy photo.
Details for the Tesla Truck event are as follows:
Date and location
- Tesla Truck Unveil on Thursday, November 16 at the Jet Center Los Angeles in Hawthorne, CA.
- Doors open at 7 PM
- Food and drinks will be served beginning at 7 PM
- Remarks will begin at approximately 8 PM
Reminders
- Invitations are non-transferable and IDs will be checked upon arrival
- The event will be held both indoors and outdoors, we recommend light outerwear in case of cooler weather
Parking and Charging
- Parking and shuttles will be available in the Lowe’s parking lot, near the intersection of W 120th Street and Wilkie Avenue. There will be no event parking available at the Jet Center.
- A parking pass will be required to enter the parking lot. Tesla will email attendees a parking pass and an event map prior to the event.
- Vehicle charging will not be available on site. Due to high traffic at the Los Angeles (Design Center) Supercharger location, please plan for limited charging.
- The closest Supercharger locations are in Culver City and Redondo Beach.
Accommodations
Please note, guests are responsible for the cost of their travel to and from the event. Reduced rates are available at the following nearby hotels. We recommend booking your room as soon as possible.
- Beverly Hills Marriott
- Crowne Plaza Redondo Beach & Marina
- Sheraton Gateway Los Angeles Airport
- The Waterfront Beach Resort
- Westin Los Angeles Airport
Photo credit: Ben Sullins of Teslanomics
Tesla announced in June of 2016 through the company’s second Master Plan that it intended to expand beyond consumer vehicles and into the heavy-duty trucking industry. “We believe the Tesla Semi will deliver a substantial reduction in the cost of cargo transport, while increasing safety and making it really fun to operate.” said Tesla.
Recent reports peg the electric hauler to have a battery range between 200 to 300 miles and capable of autonomous ‘platooning’. Musk also revealed earlier in the year that the ‘seriously next level’ truck will take on the heavy duty long-range trucking sector and can be driven like a “sports car”.
“A lot of people don’t think you can do a heavy duty long-range truck that is electric. But, we are confident that this can be done.” said Musk during Tesla’s 2017 Shareholder meeting.
Tesla’s Semi truck program is being led by industry veteran Jerome Guillen, Tesla’s VP of Trucks and Programs. Having previously worked at Daimler and served as General Manager of New Product Development at Freightliner Trucks, Guillen will without doubt apply his extensive background in long-haul trucking to the company’s newest endeavor.
News
Tesla Model Y proudly takes its place as China’s best-selling SUV in May
The Model Y edged out competitors like the BYD Song Plus.

The Tesla Model Y claimed its position as China’s best-selling SUV in May, with 24,770 units registered, according to insurance data from China EV DataTracker.
The Model Y edged out competitors like the BYD Song Plus, which recorded 24,240 registrations, as well as Geely’s gasoline-powered Xingyue L, which took third place with 21,014 units registered, as noted in Car News China report.
Return To The Top
The Model Y’s return to the top of China’s SUV market follows a second-place finish in April, when it trailed the BYD Song Plus by just 684 units. Tesla China had 19,984 new Model Y registrations in April, while BYD had 20,668 registrations for the Song Plus.
For the first five months of 2025, Tesla sold 126,643 Model Ys in China, outpacing the Song Plus at 110,551 units and BYD’s Song Pro at 80,245 units. This is quite impressive as the new Tesla Model Y is still a premium vehicle that is significantly more expensive than a good number of its competitors.
Year-Over-Year Challenges
Despite its SUV crown, Tesla’s year-over-year performance in China is still seeing headwinds. May sales totaled 38,588 units, a 30% year-over-year decline. From January to May, Tesla delivered 201,926 vehicles in China, a 7.8% drop year-over-year. These drops, however, are notably affected by the company’s changeover to the new Model Y in the first quarter.
Exports from Tesla’s Shanghai Gigafactory also fell, with 90,949 vehicles being shipped from January to May 2025. This represents a decline of 33.4% year-over-year, though May exports rose 33% to 23,074 units.
China’s electric vehicle market, meanwhile, showed robust growth. Total NEV sales, which includes battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), reached 1,021,000 units in May, up 28% year-over-year. BEV sales alone hit 607,000 units, a 22.4% increase.
Considering the fact that China’s BEV market is extremely competitive, the Tesla Model Y’s rise to the top of the country’s SUV rankings is extremely impressive.
News
Waymo temporarily halts service in select San Francisco and LA areas amid protests
The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.

Waymo, Alphabet’s autonomous vehicle subsidiary, has suspended its driverless taxi operations in parts of Los Angeles and San Francisco amid violent protests linked to U.S. Immigration and Customs Enforcement (ICE) raids in the state.
The suspensions came after several Waymo Jaguar I-Pace robotaxis were vandalized and set ablaze during the demonstrations.
Waymo Catches Strays Amid Anti-ICE Protests
Protests erupted in Los Angeles and San Francisco in response to the Trump administration’s immigration raids, which ultimately resulted in California Governor Gavin Newsom calling the White House’s deployment of National Guard troops unconstitutional.
Amidst the protests, images and videos emerged showing several Waymo robotaxis being defaced and destroyed. At least five Waymo robotaxis ended up being caught in the crossfire, and at least one vehicle ended up being burned to the ground.
The incident resulted in the Los Angeles Police Department advising people to avoid downtown areas due to toxic fumes from the robotaxis’ burning lithium-ion batteries. As noted in a KRON4 report, Waymo ultimately halted service in affected areas “out of an abundance of caution.”
Robotaxi Sentiments
The cost of the attacks is notable. Each Waymo robotaxi is valued between $150,000 and $200,000, per a 2024 Wall Street Journal report. Interestingly enough, this is not the first time that Waymo’s robotaxis ended up on the receiving end of angry protesters. On February 24, a Jaguar I-PACE robotaxi was set ablaze and vandalized by a crowd in San Francisco. Videos taken at the time showed a mob of people attacking the vehicle.
Despite the recent attacks on its robotaxis, Waymo has stated it has “no reason to believe” its vehicles were specifically targeted during the protests, as per a report from The Washington Post. A company spokesperson also noted that some of the Waymo robotaxis that were defaced and destroyed during the violent demonstrations had been completing drop-offs near the protest zones.
Investor's Corner
xAI targets $5 billion debt offering to fuel company goals
Elon Musk’s xAI is targeting a $5B debt raise, led by Morgan Stanley, to scale its artificial intelligence efforts.

xAI’s $5 billion debt offering, marketed by Morgan Stanley, underscores Elon Musk’s ambitious plans to expand the artificial intelligence venture. The xAI package comprises bonds and two loans, highlighting the company’s strategic push to fuel its artificial intelligence development.
Last week, Morgan Stanley began pitching a floating-rate term loan B at 97 cents on the dollar with a variable interest rate of 700 basis points over the SOFR benchmark, one source said. A second option offers a fixed-rate loan and bonds at 12%, with terms contingent on investor appetite. This “best efforts” transaction, where the debt size hinges on demand, reflects cautious lending in an uncertain economic climate.
According to Reuters sources, Morgan Stanley will not guarantee the issue volume or commit its own capital in the xAI deal, marking a shift from past commitments. The change in approach stems from lessons learned during Musk’s 2022 X acquisition when Morgan Stanley and six other banks held $13 billion in debt for over two years.
Morgan Stanley and the six other banks backing Musk’s X acquisition could only dispose of that debt earlier this year. They capitalized on X’s improved operating performance over the previous two quarters as traffic on the platform increased engagement around the U.S. presidential elections. This time, Morgan Stanley’s prudent strategy mitigates similar risks.
Beyond debt, xAI is in talks to raise $20 billion in equity, potentially valuing the company between $120 billion and $200 billion, sources said. In April, Musk hinted at a significant valuation adjustment for xAI, stating he was looking to put a “proper value” on xAI during an investor call.
As xAI pursues this $5 billion debt offering, its financial strategy positions it to lead the AI revolution, blending innovation with market opportunity.
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