News
Rehired Tesla Supercharger team member assures Tesla will remain EV charging industry leader
A member of the Tesla Supercharger team who recently returned to the electric vehicle maker has noted that the company will continue to be a leader in the EV charging industry.
In a LinkedIn post, TJ Connolly, Tesla Charging Program Manager & Business Development Lead for North America, shared his recent experience with the electric vehicle maker. As per Connolly, the termination of most of the Supercharger team at the end of April was a lot to take in, but the outpouring of support that he received was notable.
And two weeks ago, similar to other members of the Supercharger team that have been let go, Connolly stated that he also received an invitation to rejoin Tesla. As he noted on his LinkedIn post, he accepted the electric vehicle maker’s invitation.
Interestingly enough, Connolly assured in his post that “the EV charging industry is ok.” He also noted that “Tesla will continue to lead and inspire, while providing the best customer experience, with our best in class products and support.”
NEWS: TJ Connolly, Tesla Charging Program Manager & Business Development Lead, North America, was recently asked to return to Tesla’s charging team.
“I assure you that the EV Charging Industry is OK; Tesla will continue to lead and inspire, while providing the best customer… pic.twitter.com/bhC16s00vN— Sawyer Merritt (@SawyerMerritt) June 3, 2024
Following is the text of Connolly’s post on LinkedIn.
Two weeks ago, I was asked to return to the Tesla Charging Team.
In reflecting on my first days in the Fremont Factory in April of 2018, during orientation for the Leadership Development Program, our guest speakers asked us, “Why Tesla?”.
I volunteered the first answer – candidly telling a room of strangers that I believed Tesla would allow me to make the world a better place for my (then) unborn children, their children and all those to come. I wanted to be part of a mission that would inspire others, upend tradition, and allow me to wake up excited to work everyday.
On April 30th, 2024 – the abrupt end to my time at Tesla was a lot to take in – there was still so much more work to be done. The outpouring of support from my partners in commercial & multifamily real estate, along with my EV Charging Installation and distribution partners was amazing. The words of wisdom from my family, friends & mentors, made me realize how lucky I am.
Thank you ALL. You reinforced what I had already known, and I am pleased to share that I have accepted the invitation to return.
I return for my valued partners.
I return to finish what I started with my amazing teammates.
I return to continue to make the world a better place for my (now 3) children.
Please forgive any delays in my responses, but I assure you that the EV Charging Industry is OK.
Tesla will continue to lead and inspire, while providing the best customer experience, with our best in class products and support.
I am very excited to continue to help shape the future of the Wall Connector and Supercharger programs with Max de Zegher, George Bahadue and many others, while building more long-lasting mutually beneficial relationships with industry leaders in both real estate and Charging.
Let’s Charge on.
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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.
Investor's Corner
Tesla gets price target bump, citing growing lead in self-driving
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.