Tesla CEO Elon Musk and US President Joe Biden may not necessarily be close, but the Inflation Reduction Act (IRA) appears to have encouraged the electric vehicle maker to finally release one of its most-delayed products today — the Tesla Semi. It’s a bit amusing, but the Tesla Semi does seem like a good fit for the IRA’s incentives.
The Tesla Semi was unveiled in late 2017, and while the EV maker never really stopped testing its prototypes since then, the Class 8 all-electric truck’s actual deliveries were pushed back several times. Part of this was due to Tesla’s battery constraints, which continue to limit the company’s vehicle production across the globe.
Tesla is the world’s most prolific electric vehicle maker, but the company’s existing battery supplies cannot support its planned aggressive ramp in the coming years. And the Tesla Semi, with its massive battery pack, simply seemed like an impractical vehicle to ramp at this stage.
Elon Musk suggested as much in the past, with the CEO explaining that while thadhe Semi uses about five times the battery capacity of Tesla’s regular EVs, it doesn’t really sell for five times as much. But as per a Bloomberg News report, things seemed to have changed when US Senator Joe Manchin and Majority Leader Chuck Schumer revealed that they reached an agreement on legislation that would enact sections of Biden’s climate agenda.
Among these are incentives for electric vehicles. But while the incentives for passenger cars caught a lot of headlines, commercial electric vehicles like the Tesla Semi could qualify for a much more robust and notable incentive — one that could go as high as $40,000 per truck. Despite Elon Musk speaking out against EV incentives, Tesla did end up announcing the first deliveries of the Semi this coming December.
If the qualifying incentives for the Semi were among the reasons behind Tesla’s decision to ramp the vehicle at this stage, then it would suggest that the price of the all-electric Class 8 truck would likely be released at an adjusted price point. The Tesla Semi is already more expensive than its diesel-powered counterparts to begin with, even with its initial listed price of $150,000 to $180,000. But if Tesla ends up raising the vehicle’s price even more, then incentives that go as high as $40,000 would definitely make the Semi more palatable to potential buyers.
Perhaps the most ironic factor in the whole situation involves Musk and Biden’s relationship. The US President has made it clear that he prefers union-based legacy automakers like General Motors as America’s flag-bearers in the EV revolution, so much so that he once named GM CEO Mary Barra as a leader in the electric car transition. Elon Musk, for his part, has also criticized Biden’s tendency to ignore Tesla in the past. But considering the Semi’s potential incentives from the IRA, then perhaps Biden will end up helping Musk and Tesla after all.
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Elon Musk
Brazil Supreme Court orders Elon Musk and X investigation closed
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
Brazil’s Supreme Federal Court has ordered the closure of an investigation involving Elon Musk and social media platform X. The inquiry had been pending for about two years and examined whether the platform was used to coordinate attacks against members of the judiciary.
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
According to a report from Agencia Brasil, the investigation conducted by the Federal Police did not find evidence that X deliberately attempted to attack the judiciary or circumvent court orders.
Prosecutor-General Paulo Gonet concluded that the irregularities identified during the probe did not indicate fraudulent intent.
Justice Moraes accepted the prosecutor’s recommendation and ruled that the investigation should be closed. Under the ruling, the case will remain closed unless new evidence emerges.
The inquiry stemmed from concerns that content on X may have enabled online attacks against Supreme Court justices or violated rulings requiring the suspension of certain accounts under investigation.
Justice Moraes had previously taken several enforcement actions related to the platform during the broader dispute involving social media regulation in Brazil.
These included ordering a nationwide block of the platform, freezing Starlink accounts, and imposing fines on X totaling about $5.2 million. Authorities also froze financial assets linked to X and SpaceX through Starlink to collect unpaid penalties and seized roughly $3.3 million from the companies’ accounts.
Moraes also imposed daily fines of up to R$5 million, about $920,000, for alleged evasion of the X ban and established penalties of R$50,000 per day for VPN users who attempted to bypass the restriction.
Brazil remains an important market for X, with roughly 17 million users, making it one of the platform’s larger user bases globally.
The country is also a major market for Starlink, SpaceX’s satellite internet service, which has surpassed one million subscribers in Brazil.
Elon Musk
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Carr made the remarks in a post on social media platform X.
U.S. Federal Communications Commission (FCC) Chairman Brendan Carr criticized Amazon after the company opposed SpaceX’s proposal to launch a large satellite constellation that could function as an orbital data center network.
Carr made the remarks in a post on social media platform X.
Amazon recently urged the FCC to reject SpaceX’s application to deploy a constellation of up to 1 million low Earth orbit satellites that could serve as artificial intelligence data centers in space.
The company described the proposal as a “lofty ambition rather than a real plan,” arguing that SpaceX had not provided sufficient details about how the system would operate.
Carr responded by pointing to Amazon’s own satellite deployment progress.
“Amazon should focus on the fact that it will fall roughly 1,000 satellites short of meeting its upcoming deployment milestone, rather than spending their time and resources filing petitions against companies that are putting thousands of satellites in orbit,” Carr wrote on X.
Amazon has declined to comment on the statement.
Amazon has been working to deploy its Project Kuiper satellite network, which is intended to compete with SpaceX’s Starlink service. The company has invested more than $10 billion in the program and has launched more than 200 satellites since April of last year.
Amazon has also asked the FCC for a 24-month extension, until July 2028, to meet a requirement to deploy roughly 1,600 satellites by July 2026, as noted in a CNBC report.
SpaceX’s Starlink network currently has nearly 10,000 satellites in orbit and serves roughly 10 million customers. The FCC has also authorized SpaceX to deploy 7,500 additional satellites as the company continues expanding its global satellite internet network.
Energy
Tesla Energy gains UK license to sell electricity to homes and businesses
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
Tesla Energy has received a license to supply electricity in the United Kingdom, opening the door for the company to serve homes and businesses in the country.
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
According to Ofgem, the license took effect at 6 p.m. local time on Wednesday and applies to Great Britain.
The approval allows Tesla’s energy business to sell electricity directly to customers in the region, as noted in a Bloomberg News report.
Tesla has already expanded similar services in the United States. In Texas, the company offers electricity plans that allow Tesla owners to charge their vehicles at a lower cost while also feeding excess electricity back into the grid.
Tesla already has a sizable presence in the UK market. According to price comparison website U-switch, there are more than 250,000 Tesla electric vehicles in the country and thousands of Tesla home energy storage systems.
Ofgem also noted that Tesla Motors Ltd., a separate entity incorporated in England and Wales, received an electricity generation license in June 2020.
The new UK license arrives as Tesla continues expanding its global energy business.
Last year, Tesla Energy retained the top position in the global battery energy storage system (BESS) integrator market for the second consecutive year. According to Wood Mackenzie’s latest rankings, Tesla held about 15% of global market share in 2024.
The company also maintained a dominant position in North America, where it captured roughly 39% market share in the region.
At the same time, competition in the energy storage sector is increasing. Chinese companies such as Sungrow have been expanding their presence globally, particularly in Europe.
Brazil Supreme Court orders Elon Musk and X investigation closed
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
