Tesla is leading an electric offensive in Norway as new data from the Opplysningsrådet for Veitrafikken (The Road Traffic Information Council of Norway, or OFV) reveals that 77.5% of new car sales for September consisted of electric vehicles. Tesla’s two most popular vehicles, the Model Y and Model 3, contributed greatly, making the electric automaker the most popular brand in Norway in September by a considerable margin.
According to OFV statistics, the Model Y was Norway’s most popular vehicle, regardless of powertrain. With 3,564 sales, making up 19.8% of the total September auto sales, the mass-market crossover from Tesla dominated electric and gas-powered competitors, with the next closest model being the Tesla Model 3 sedan, which was sold 2,218 times accounting for 12.3% of the total sales. The Skoda Enyaq was third for September with 787 sales or 4.4%.
The Model Y has become Tesla’s most sought-after vehicle in the past year and a half since initial deliveries began. Tesla executives, including CEO Elon Musk, always anticipated the Model Y would eventually overtake the Model 3, especially in the European market where crossovers are the most popular body style. Tesla expects the Model Y to continue its display of dominance globally, as Musk has stated that he expects the vehicle to become the most popular car in the world in 2022.
Perhaps what is more impressive than Tesla’s overwhelming dominance in a market where EVs are the mainstream is Norway’s undoubted support for the transition to electrification. With more than 3/4s of the new cars sold in September being electric, there is no doubt Norway is the undisputed hotspot for electric vehicles. Recent projections have indicated that the country will sell its last ICE vehicle sometime in 2022.
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Tesla overtakes Volkwagen, Ford in Norway as Model Y dominates August EV sales
Of the top ten vehicles sold in Norway in September, only one vehicle is gas-powered: the Toyota RAV4 crossover, which was the fourth most popular car for the month. The top ten consisted of the following vehicles, listed in positions relative to their sales performance in Norway in September:
- Tesla Model Y – 3,564 units
- Tesla Model 3 – 2,218 units
- Skoda Enyaq – 787 units
- Toyota RAV4 – 702 units
- Audi e-tron – 672 units
- Volkswagen ID.4 – 659 units
- Hyundai IONIQ 4 – 652 units
- Ford Mustang Mach-E – 600 units
- Volkswagen ID.3 – 456 units
- Nissan Leaf – 410 units
In total, 17,992 vehicles were sold in Norway in September, with 77.5% being electric. 13,944 cars that were purchased in September were electric, making EVs a preferred mode of transportation in the European country. An impressive statistic alone, Norway’s automotive sales are expected to be fully concentrated with EVs beginning next year.
Norway has played a major role in supporting advent of electric vehicles!
— Elon Musk (@elonmusk) July 25, 2021
Elon Musk
Elon Musk confirms xAI’s purchase of five 380 MW natural gas turbines
The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.
xAI, Elon Musk’s artificial intelligence startup, has purchased five additional 380 MW natural gas turbines from South Korea’s Doosan Enerbility to power its growing supercomputer clusters.
The deal, which was confirmed by Musk on X, highlights xAI’s effort to aggressively scale its operations.
xAI’s turbine deal details
News of xAI’s new turbines was shared on social media platform X, with user @SemiAnalysis_ stating that the turbines were produced by South Korea’s Doosan Enerbility. As noted in an Asian Business Daily report, Doosan Enerbility announced last October that it signed a contract to supply two 380 MW gas turbines for a major U.S. tech company. Doosan later noted in December that it secured an order for three more 380 MW gas turbines.
As per the X user, the gas turbines would power an additional 600,000+ GB200 NVL72 equivalent size cluster. This should make xAI’s facilities among the largest in the world. In a reply, Elon Musk confirmed that xAI did purchase the turbines. “True,” Musk wrote in a post on X.
xAI’s ambitions
Recent reports have indicated that xAI closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development. The funding, as per the AI startup, “will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products.”
The company also teased the rollout of its upcoming frontier AI model. “Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote in a post on its website.
Elon Musk
Elon Musk’s xAI closes upsized $20B Series E funding round
xAI announced the investment round in a post on its official website.
xAI has closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development.
xAI announced the investment round in a post on its official website.
A $20 billion Series E round
As noted by the artificial intelligence startup in its post, the Series E funding round attracted a diverse group of investors, including Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, and Baron Capital Group, among others.
Strategic partners NVIDIA and Cisco Investments also continued support for building the world’s largest GPU clusters.
As xAI stated, “This financing will accelerate our world-leading infrastructure buildout, enable the rapid development and deployment of transformative AI products reaching billions of users, and fuel groundbreaking research advancing xAI’s core mission: Understanding the Universe.”
xAI’s core mission
Th Series E funding builds on xAI’s previous rounds, powering Grok advancements and massive compute expansions like the Memphis supercluster. The upsized demand reflects growing recognition of xAI’s potential in frontier AI.
xAI also highlighted several of its breakthroughs in 2025, from the buildout of Colossus I and II, which ended with over 1 million H100 GPU equivalents, and the rollout of the Grok 4 Series, Grok Voice, and Grok Imagine, among others. The company also confirmed that work is already underway to train the flagship large language model’s next iteration, Grok 5.
“Looking ahead, Grok 5 is currently in training, and we are focused on launching innovative new consumer and enterprise products that harness the power of Grok, Colossus, and 𝕏 to transform how we live, work, and play,” xAI wrote.
Tesla (NASDAQ: TSLA) stock received a price target update from Pierre Ferragu of Wall Street firm New Street Research, citing the company’s growing lead in self-driving and autonomy.
On Tuesday, Ferragu bumped his price target from $520 to $600, stating that the consensus from the Consumer Electronics Show in Las Vegas was that Tesla’s lead in autonomy has been sustained, is growing, and sits at a multiple-year lead over its competitors.
CES 2026 validates Tesla’s FSD strategy, but there’s a big lag for rivals: analyst
“The signal from Vegas is loud and clear,” the analyst writes. “The industry isn’t catching up to Tesla; it is actively validating Tesla’s strategy…just with a 12-year lag.”
The note shows that the company’s prowess in vehicle autonomy is being solidified by lagging competitors that claim to have the best method. The only problem is that Tesla’s Vision-based approach, which it adopted back in 2022 with the Model 3 and Model Y initially, has been proven to be more effective than competitors’ approach, which utilizes other technology, such as LiDAR and sensors.
Currently, Tesla shares are sitting at around $433, as the company’s stock price closed at $432.96 on Tuesday afternoon.
Ferragu’s consensus on Tesla shares echoes that of other Wall Street analysts who are bullish on the company’s stock and position within the AI, autonomy, and robotics sector.
Dan Ives of Wedbush wrote in a note in mid-December that he anticipates Tesla having a massive 2026, and could reach a $3 trillion valuation this year, especially with the “AI chapter” taking hold of the narrative at the company.
Ives also said that the big step in the right direction for Tesla will be initiating production of the Cybercab, as well as expanding on the Robotaxi program through the next 12 months:
“…as full-scale volume production begins with the autonomous and robotics roadmap…The company has started to test the all-important Cybercab in Austin over the past few weeks, which is an incremental step towards launching in 2026 with important volume production of Cybercabs starting in April/May, which remains the golden goose in unlocking TSLA’s AI valuation.”
Tesla analyst breaks down delivery report: ‘A step in the right direction’
Tesla has transitioned from an automaker to a full-fledged AI company, and its Robotaxi and Cybercab programs, fueled by the Full Self-Driving suite, are leading the charge moving forward. In 2026, there are major goals the company has outlined. The first is removing Safety Drivers from vehicles in Austin, Texas, one of the areas where it operates a ride-hailing service within the U.S.
Ultimately, Tesla will aim to launch a Level 5 autonomy suite to the public in the coming years.
Elon Musk confirms xAI’s purchase of five 380 MW natural gas turbines
Elon Musk’s xAI closes upsized $20B Series E funding round
