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Former Tesla employee fires back at lawsuit, claims he’s a whistleblower

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Martin Tripp, a former process technician for Tesla, is fighting back after receiving a lawsuit from the Elon Musk-led company. Speaking to the media, Tripp alleged that he only shared data with outside parties because he was trying to warn investors and the public about Tesla’s questionable activities.

In a statement to CNN Money, Tripp stated that he was being “singled out” by Tesla for being a whistleblower. Tripp also denied hacking into Tesla’s system, stating that he went to the media because he was alarmed by the data he was collecting.

“I am being singled out for being a whistleblower. I didn’t hack into (the) system. The data I was collecting was so severe; I had to go to the media,” Tripp said.

Tripp alleged that he had discovered 1,100 damaged Model 3 battery modules that were installed on the compact electric cars, as well as excessive scrap that was being stored in a dangerous manner in Tesla’s Nevada property. The former process technician also alleged that Tesla inflated the number of Model 3 produced during the first quarter, stating that the number was closer to 1,900 instead of Tesla’s official 2,020 figure. In a statement to the Washington Post, Tripp stated that he was ultimately disenchanted with Tesla during his tenure with the company. 

“I looked up to Elon, I looked up to Tesla. I was always drooling about the Teslas and wanting to buy one, and I was living the mission: to accelerate the world’s transition to sustainable energy. (I) grew disillusioned after seeing the company’s waste, unsustainable practices and seeing how Elon was lying to investors about how many cars they were making. I wanted to leave the world better for my son, and I felt I was doing everything but that,” he said.

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Tripp has stated that he is currently looking for a lawyer, and official protections as a whistleblower.

Tripp’s allegations towards the company stand in stark contrast to Tesla’s claims in its lawsuit, which it filed in a Nevada court on Wednesday. According to Tesla’s complaint, Tripp had engaged in several activities against the interests of the company, including hacking the manufacturing operating system, exporting confidential data to outside entities, and misreporting to the media. In the lawsuit’s background, Tesla stated that Tripp had begun his employment with the company on October 2017, though he was reassigned to a new role on May 2018 due to job performance problems and his tendency to be combative and disruptive towards his colleagues.

The electric car and energy company alleged that Tripp had hacked the Tesla Manufacturing Operating System and transferred several gigabytes worth of confidential and proprietary data, including photos and a video of Tesla’s battery module production line, to outside entities. Tesla’s lawsuit further alleged that Trip had attempted to recruit additional sources inside Gigafactory 1 to share data outside the company. Tesla is suing Tripp over violations of the Defend Trade Secrets Act, the Nevada Uniform Trade Secrets Act, and the Nevada Computer Crimes Law, as well as Breach of Contract and Breach of Fiduciary Duty of Loyalty.

The full text of Tesla’s lawsuit against Martin Tripp could be accessed here.

This past weekend, Elon Musk sent out a company-wide email stating that the company had been a victim of a rather “extensive and damaging sabotage.” While Tesla has identified Tripp as the offender behind some of the attacks against the company, the company’s lawsuit did not include the word “sabotage” in its complaint against the former employee.

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Tesla is currently attempting to hit its Model 3 production goals for the second quarter, and over the past few weeks, the company has shown encouraging signs that it is approaching its goal. Earlier this month, Elon Musk stated that Tesla is producing 500 cars a day, and just recently, a photo of the first Model 3 Performance Dual Motor being rolled off a new assembly line was shared on Twitter.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla tailwinds could drive momentum-filled finish to 2025: analyst

Tesla is heading toward some momentum to finish out the year, one Wall Street firm believes.

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Credit: @heydave7/X

Tesla has some tailwinds that could drive it toward a momentum-filled finish to the year, one Wall Street analyst is predicting.

The tailwinds are joined by some minor risks that have impacted the broader electric vehicle market, but overall, this firm believes Tesla has many catalysts moving forward.

Emmanuel Rosner of Wolfe Research believes that Tesla has plenty of things that could drive the stock upward as we approach the end of the year. With Q3 well underway, Tesla has about five months of catalysts to rely on to erase the roughly 18 percent drop in stock price it has so far this year.

At first glance, it is easy to see the things that would have investors bullish on Tesla for the rest of 2025 and even beyond. Initially, the Robotaxi launch and expansion, which spread to Northern California last night, provide potentially huge tailwinds for the company moving forward.

Tesla expands Robotaxi operation to California’s Bay Area

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Along with that, and slightly related, are the advancements in Full Self-Driving that the company has made over the past few months.

This includes the potential launch of the FSD suite in regions like Europe and Australia, where the company believes it will make some progress on regulatory approval in the coming months.

Finally, Wolfe says the company’s Optimus project, which is expected to enter scale production sometime next year, is the third catalyst for Tesla moving forward.

With these three projects in motion, Tesla truly can begin to work on rebounding from a rough 2025 on the market.

Rosner writes:

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“This name trades more around the narrative than the numbers. And net-net, we tactically see an improving narrative from here. Tesla has several catalysts coming up w/r/t FSD and Robotaxi, including an expansion of their AV service into several new U.S. markets (San Francisco, Nevada, Arizona, Florida, etc.). The company plans to unlock hands-free/eyes-off autonomy for FSD owners in select U.S. locations by YE25. Supervised FSD in China and Europe is expected to launch over the next ~12 months. And, Optimus is expected to enter scale production in 2026.”

Tesla is currently trading around $310 at around 3:20 p.m. on the East Coast.

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Tesla Robotaxi execution should lead to valuation ‘far exceeding current levels’: analyst

RBC Capital bumped its price target on Tesla stock slightly from $319 to $325.

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Credit: @TerrapinTerpene/X

Tesla’s Robotaxi platform is the primary focus for the automaker currently, and based on what has been outlined by the company as goals for the project, one firm is saying that the company’s valuation should “far exceed even current levels.”

The Robotaxi is a self-driving ride-hailing service that Tesla plans to implement in current and future vehicle builds. CEO Elon Musk and other executives have said that “the vast majority of the Tesla fleet that we’ve made is capable of being a Robotaxi,” thanks to its development of Over-the-Air software updates that increase the capability of the vehicle with a simple download.

Currently, the Robotaxi platform is only active in a portion of Austin, Texas, but Tesla is expanding to other markets, including California, Nevada, Arizona, and Florida. California will be the next market to open its doors to the Tesla Robotaxi platform.

But the name of the game is execution, and that’s what Tesla is aiming for in a timely fashion. If it can come through on all of its current goals, its valuation could explode, and one firm is holding steady on that narrative as Tesla continues to work toward expanding Robotaxi.

On Tuesday, RBC Capital analysts bumped their price target on Tesla shares (NASDAQ: TSLA) to $325 from $319, primarily due to the Robotaxi expansion and its success:

“Should Tesla be successful on all of its goals, its valuation could far exceed even current levels. The Austin Robotaxi launch has been better than many feared, and the company is looking to expand in more cities.”

There are some risks to Tesla’s narrative, but they fall outside the scope of what the company can control. In relation to Robotaxi, regulatory hurdles remain. Some regions may be slower than others to give Tesla the proper licensing to operate in their jurisdiction. This could slow the pace of Robotaxi expansion, bringing some overhang to the story.

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Additionally, Tesla is fending off narratives of slowing demand, and the White House’s decision to revoke the $7,500 EV tax credit from consumers could temper sales past Q3.

Nevertheless, Robotaxi is where Tesla’s true value seems to be focused. Successfully launching a driverless ride-sharing platform is where the company is putting all of its eggs, and revolutionizing passenger travel is where the focus lies.

RBC Capital’s note continued:

“Regulatory hurdles remain, however. Further, we expect the end of IRA credits and high levels of used EV inventory to pressure the auto business for the next several quarters.”

The slight price target bump puts RBC Capital’s expectations near where the stock is trading, as it is currently priced at around $320 at 9:54 a.m. on the East Coast.

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Elon Musk shares details on Tesla AI6 production deal with Samsung

Tesla is already laying the groundwork for the ramp of its next-generation products.

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tesla-supercomputer-pre-dojo
Credit: Tim Zaman/Twitter

Elon Musk has provided some details about Tesla’s AI6 production deal with South Korean tech giant Samsung. As per Musk, Samsung’s upcoming Texas fabrication facility will be dedicated to the production of Tesla’s AI6 chip.

Musk’s update suggests that Tesla is already laying the groundwork for the ramp of its next-generation products like the Cybercab and Optimus.

Samsung AI6 production reports

On Sunday, Bloomberg News claimed that Samsung will be producing semiconductors for Tesla in a $16.5 billion deal. As per the report, Samsung is currently producing Tesla’s AI4 chip, and the deal will help the South Korean tech giant gain some ground back from competitors in the semiconductor market.

Elon Musk confirmed the news on X, stating that the $16.5 billion is actually just the bare minimum. As per Musk, the deal with Samsung will likely be “much more than that.” And in a later comment, Musk clarified that the actual output of Samsung’s Tesla AI6 plant will “likely be several times higher” than what has been reported.

Musk shared a critical detail that would likely allow Samsung to maximize its AI6 output. “Samsung agreed to allow Tesla to assist in maximizing manufacturing efficiency. This is a critical point, as I will walk the line personally to accelerate the pace of progress. And the fab is conveniently located not far from my house,” Musk wrote in his post.

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Elon Musk on AI5 and AI6

Tesla currently produces vehicles with its AI4 chip, which is produced by Samsung. As per the CEO, Tesla’s AI5 chip, which just finished its design, will be produced by TSMC. The AI5 chip will be produced initially in Taiwan, and then in Arizona, the CEO noted.

Elon Musk’s comments about AI6 and Samsung’s output suggest that Tesla is really preparing to enter a stage in its growth that involves production at a scale that’s never been seen before. Tesla’s speed is quite notable, though it seems safe to assume that the actual rollout of AI6 will still be a few years away. 

In a few years, Tesla will probably be mass producing the Cybercab and Optimus, as well as more affordable vehicles that will likely see more adoption from mainstream customers. This means that Samsung’s AI6 ramp will likely be just in time to support Tesla’s outputs for its Optimus bots, its Cybercabs, and its mass market affordable cars.

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