

Investor's Corner
Tesla Gigafactory 3 foundation prep underway as China mobilizes its workforce
A recent video taken of Gigafactory 3 in China has revealed that notable areas of Tesla’s sprawling 864,885-square meter site are now abuzz with activity. As could be seen in the site’s footage, numerous pile drivers are in operation, workers and heavy machinery are moving land, and the first structures in the area are being set up.
Gigafactory 3’s newest footage comes courtesy of 烏瓦 (Uva) from China, who recently uploaded footage taken on February 22, 2019 on YouTube. Several portions of Tesla’s land were showcased in the seven-minute video, including some interesting shots of workers seemingly pumping water out of the site. Nevertheless, one thing is evident in the recently uploaded video — China’s workforce is now mobilizing, and work on Gigafactory 3 is picking up pace.
- An aerial view of Gigafactory 3 as of 02.24.2019. (Credit: 烏瓦/YouTube)
- Pile drivers in Gigafactory 3. (Credit: 烏瓦/YouTube)
- An aerial view of Gigafactory 3 as of 02.24.2019. (Credit: 烏瓦/YouTube)
- Pile drivers in Gigafactory 3. (Credit: 烏瓦/YouTube)
Pile drivers in Gigafactory 3. (Credit: 烏瓦/YouTube)
The presence of groups of pile drivers in an area of Tesla’s land tells a lot about the scope of the activities in the site. Considering that pile drivers are machines used to provide foundation support for buildings and other structures, the layout of the machines in the area all but hints at the scale of what could very well be the first structure of Gigafactory 3. What this first structure is remains to be seen, but judging by the locations of the pile drivers, the upcoming building appears to be massive.
Also notable is the construction of a two-story, modular structure in another area of Gigafactory 3’s land. Tesla has not announced the purpose of the building itself, though its modular nature suggests that the structure could be a headquarters of sorts for workers in the site. Heavy machinery is also abundant in the footage, with 烏瓦 (Uva) capturing footage of trucks and excavators moving land.
- Initial structures are erected in Gigafactory 3’s land. (Credit: 烏瓦/YouTube)
- Initial structures are erected in Gigafactory 3’s land. (Credit: 烏瓦/YouTube)
- Workers continue to move land in Tesla’s Gigafactory 3 lot. (Credit: 烏瓦/YouTube)
- Workers continue to move land in Tesla’s Gigafactory 3 lot. (Credit: 烏瓦/YouTube)
- Initial structures are erected in Gigafactory 3’s land. (Credit: 烏瓦/YouTube)
Initial structures are erected in Gigafactory 3’s land. (Credit: 烏瓦/YouTube)
Gigafactory 3 is under an ambitious timetable. By the end of summer, Elon Musk wants the initial construction of the site to be completed. By the end of the year, Musk expects Gigafactory 3 to start producing its first Model 3. While such a timeframe is ambitious even for the usually optimistic Elon Musk, they are quite realistic in China, which has a workforce known for quick, near-surgical buildouts.
Tesla also has a notable ally in Gigafactory 3’s construction in the form of China Construction Third Engineering Bureau Co., Ltd., a subsidiary of China Construction, which is owned by the government. With its partner in building the upcoming facility literally owned by China, Tesla is all but certain that its targets with the facility’s construction would be met. With China’s workforce now mobilizing to build Gigafactory 3, it is now up to Tesla to keep up by setting up its Model 3 assembly lines without delay, as soon as the facility is ready.
Watch the latest clips from Gigafactory 3 in the video below.
https://www.youtube.com/watch?v=13KbzNtegVI
Investor's Corner
Rivian stock rises as analysts boost price targets post Q1 earnings
Rivian impressed with smaller-than-expected losses & strong revenue, pushing analysts to raise price targets.

Rivian stock is gaining traction as Wall Street analysts raise price targets following the electric vehicle (EV) maker’s first-quarter earnings report. Despite a dip after the announcement, optimism surrounds Rivian’s cost control and upcoming lower-priced cars.
Last week, Rivian reported a better-than-expected Q1 gross profit, surpassing Wall Street’s forecasts with adjusted losses of $0.48 per share against expectations of $0.92 per share. The company also reported a revenue of $1.24 billion compared to the $1.01 billion anticipated.
However, the EV automaker cut its 2025 delivery forecast and capital spending due to President Donald Trump’s tariffs. It explained that it is “not immune to the impacts of the global trade and economic environment.” RIVN stock dropped nearly 6% post-earnings, closing at $12.72 per share.
Wall Street remains upbeat about Rivian, citing progress toward launching lower-priced vehicles in 2026 and effective cost management. On Monday, Stifel analyst Stephen Gengaro raised his RIVN price target to $18 from $16, maintaining a “Buy” rating. He highlighted Rivian’s “solid progress” toward key milestones.
Conversely, Bernstein’s Daniel Roeska gave RIVN a “Sell” rating. However, Roeska also lifted his Rivian price target to $7.05 from $6.10, acknowledging “better” Q1 results. He warned that profitability remains distant and hinges on multiple product launches by the decade’s end.
Overall, Wall Street’s average price target for RIVN climbed from $14.18 to $14.31, a modest 13-cent increase reflecting positive sentiment. About one-third of analysts covering Rivian rate it a Buy, compared to the S&P 500’s average Buy-rating ratio of 55%.
On Monday, Rivian stock rose 2.7% to $14.64, slightly trailing the S&P 500 and Dow Jones Industrial Average, which gained 3.3% and 2.8%, respectively. The uptick may also stem from broader market gains tied to news of a temporary U.S.-China tariff suspension.
As Rivian navigates trade challenges and scales production at its Illinois factory, its Q1 performance and analyst support signal resilience. With lower-priced EVs on the horizon, Rivian’s strategic moves could bolster its position in the competitive EV market, offering investors cautious optimism for long-term growth.
Investor's Corner
Tesla (TSLA) poised to hit $1 trillion valuation again amid reports of Trump China deal
TSLA stock was up about 8% at $322.56 per share on Monday’s premarket.

Tesla shares (NASDAQ:TSLA) are on a tear on Monday’s premarket amidst reports that the United States and China have agreed to significantly roll back tariffs on each other’s goods for an initial 90-day period.
As of writing, the premarket price of TSLA shares suggests that the electric vehicle maker might end Monday with a $1 trillion valuation once more.
Tesla and China
TSLA stock was up about 8% at $322.56 per share on Monday’s premarket. As noted in a report from Barron’s, these prices suggest that the company could achieve a trillion-dollar valuation again, a level not seen since late February. Similar to Tesla, the S&P 500 and the Dow Jones Industrial Average were also up 2.8% and 2.1%, respectively, on Monday’s premarket.
The United States and China’s decision to roll back its tariffs would likely be appreciated by CEO Elon Musk. Despite working for the Trump administration’s Department of Government Efficiency (DOGE), and despite Tesla being least affected by the Trump administration’s tariffs due to its strong domestic supply chains in the United States, China, and Europe, Musk has noted that he is a supporter of non-predatory tariffs.
The United States and China’s Agreement
In a joint statement from the United States and China posted on the White House’s official website, the two countries agreed to lower reciprocal tariffs on each other by 115% for 90 days. This means that the United States will temporarily lower its overall tariffs on Chinese goods from 145% to 30%, as noted in an ABC 12 report. China, on the other hand, will also lower its tariffs on American goods from 125% to 10%.
The talks were led by Chinese Vice Premier He Lifeng and Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, as per the joint statement. Bessent shared his thoughts about the matter in a comment in Geneva. “The consensus from both delegations is neither side wants to be decoupled, and what have occurred with these very high tariffs … was an equivalent of an embargo, and neither side wants that. We do want trade. We want more balance in trade. And I think both sides are committed to achieving that,” he said.
A spokesperson from China’s Commerce Ministry also shared a statement about the matter. As per the spokesperson, the deal was an “important step by both sides to resolve differences through equal-footing dialogue and consultation, laying the groundwork and creating conditions for further bridging gaps and deepening cooperation.”
Elon Musk
Tesla Board Chair slams Wall Street Journal over alleged CEO search report
Denholm’s comments were posted by Tesla on its official account on social media platform X.

Tesla Board Chair Robyn Denholm has issued a stern correction to The Wall Street Journal after the publication posted a report alleging that the electric vehicle maker’s Board of Directors opened a search for a new CEO to replace Elon Musk.
Denholm’s comments were posted by Tesla on its official account on social media platform X.
The WSJ’s Allegations
Citing people reportedly familiar with the discussions, the WSJ alleged that Tesla Board members reached out to several executive search firms to work on a formal process for finding Elon Musk’s successor. The publication also alleged that tensions had been mounting at Tesla due to the company’s dropping sales and profits, as well as the time Musk has been spending with DOGE.
The publication also alleged that Elon Musk had met with the Tesla Board about the matter, and that members told the CEO that he needed to spend more time on Tesla. Musk was reportedly instructed to state his intentions publicly as well. The CEO did not push back against the Board, the WSJ claimed.
Elon Musk did announce that he is stepping back from his day-to-day role at the Department of Government Efficiency during the Tesla Q1 2025 earnings call. Musk’s announcement was embraced by Tesla investors and analysts, many of whom felt that the CEO’s renewed focus on the EV maker could push the company to greater heights.
Tesla and Musk’s Response
In response to The Wall Street Journal’s report, Tesla’s official account on X shared a comment from its Board Chair. In her comment, Denham noted that the WSJ‘s report was “absolutely false.” She also highlighted that Tesla had communicated this fact to the publication before the report was published, but the Journal ran the story anyway.
“Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company. This is absolutely false (and this was communicated to the media before the report was published). The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead,” Denholm stated.
Elon Musk himself commented on the matter, stating that the publication showed an “extremely bad breach of ethics” since the report did not even include the Tesla Board of Directors’ denial of the allegations. “It is an EXTREMELY BAD BREACH OF ETHICS that the WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors!” Musk wrote in a post on X.
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