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Trump Cybertruck
A Tesla Cybertruck with the word “Trump” sits in traffic in Washington, DC (Christopher Furlong/Getty Images)
Government efficiency

Tesla found a way to move more Cybertrucks: Sell them to the Trump administration

There’s more than one way to offload a giant stainless steel truck.

Rani Molla

The Trump administration is set to buy $400 million worth of “Armored Tesla” vehicles — later amended to “armored electric vehicles” — this year, according to State Department documents. That’s good news for Tesla, which has struggled to sell as many cars as it would have liked.

Last year the company had more than a million reservations for the Cybertruck, which came out in the beginning of 2024, but few of those turned into sales. CEO Elon Musk hopes to sell up to 500,000 a year; last year Tesla sold fewer than 40,000 Cybertrucks in the US. That was enough to make it the bestselling electric pickup in America, but that’s a low bar considering relatively few people buy electric pickups (regular pickup sales were in the millions). Additionally, Q4 Cybertruck sales were down 22% from Q3, suggesting sales momentum didn’t pick up later in the year.

Enter the US government, where CEO Elon Musk has cozied up to President Trump. The billionaire is in charge of cutting costs in the US government, but apparently not when it comes to paying himself and his companies.

Let’s do some rough math: let’s assume that $400 million would buy 4,000 $100,000 Cybertrucks. (The base model is around $80,000, and we’ll assume the armoring and add-ons would take it up $20,000.) We’re also assuming the money goes to Tesla as was initially stated, and to Cybertrucks, which are much more apt for armor than, say, a Model 3.

That’s 10% of last year’s total Cybertruck sales in one fell swoop! That’s also more Cybertrucks than the company sold in the US in all of January — the month it became eligible for the $7,500 federal credit — according to data from Wards Auto. Tesla sales, which the company had said would “return to growth” after falling last year, aren’t looking great so far in 2025, as they’ve been dropping around the world.

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Getty Images suffers partial defeat in UK lawsuit against Stability AI

Stability AI, the creator of image generation tool Stable Diffusion, largely defended itself from a copyright violation lawsuit filed by Getty Images, which alleged the company illegally trained its AI models on Getty’s image library.

Lacking strong enough evidence, Getty dropped the part of the case alleging illegal training mid-trial, according to Reuters reporting.

Responding to the decision, Getty said in a press release:

“Today’s ruling confirms that Stable Diffusion’s inclusion of Getty Images’ trademarks in AI‑generated outputs infringed those trademarks. ... The ruling delivered another key finding; that, wherever the training and development did take place, Getty Images’ copyright‑protected works were used to train Stable Diffusion.”

Stability AI still faces a lawsuit from Getty in US courts, which remains ongoing.

A number of high-profile copyright cases are still working their way through the courts, as copyright holders seek to win strong protections for their works that were used to train AI models from a number of Big Tech companies.

Responding to the decision, Getty said in a press release:

“Today’s ruling confirms that Stable Diffusion’s inclusion of Getty Images’ trademarks in AI‑generated outputs infringed those trademarks. ... The ruling delivered another key finding; that, wherever the training and development did take place, Getty Images’ copyright‑protected works were used to train Stable Diffusion.”

Stability AI still faces a lawsuit from Getty in US courts, which remains ongoing.

A number of high-profile copyright cases are still working their way through the courts, as copyright holders seek to win strong protections for their works that were used to train AI models from a number of Big Tech companies.

tech

Norway’s wealth fund, Tesla’s sixth-largest institutional investor, votes against Musk’s pay package

Norway’s Norges Bank Investment Management, the world’s largest sovereign wealth fund, said Tuesday that it voted against Tesla CEO Elon Musk’s $1 trillion pay package, ahead of the EV company’s annual shareholder meeting Thursday. The fund, which has a 1.2% stake in Tesla, is the company’s sixth-largest institutional investor, according to FactSet, and the first major investor to disclose how it voted on the matter.

Tesla is down nearly 3% premarket, amid a wider pullback in equities that’s most pronounced in AI-related stocks.

“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk- consistent with our views on executive compensation,” NBIM said in a statement.

Tesla’s board considers Musk’s mammoth, performance-based pay package necessary to retain Musk. For what it’s worth, prediction markets are quite certain investors will pass the proposition.

Tesla is down nearly 3% premarket, amid a wider pullback in equities that’s most pronounced in AI-related stocks.

“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk- consistent with our views on executive compensation,” NBIM said in a statement.

Tesla’s board considers Musk’s mammoth, performance-based pay package necessary to retain Musk. For what it’s worth, prediction markets are quite certain investors will pass the proposition.

tech

Waymo to expand robotaxi service to Detroit, Las Vegas, and San Diego

Google’s Waymo robotaxi service is expanding to three new cities — Detroit, Las Vegas, and San Diego — where it has previously tested its driverless vehicles. Waymo plans to bring its Jaguar I-Pace and Zeekr RT vehicles to those three markets this week, but they won’t be immediately available to the public.

Currently Waymo is available in five US cities: Atlanta, Austin, Los Angeles, Phoenix, and San Francisco.

Tesla is currently testing in Las Vegas, while Amazon’s Zoox has limited service in the city.

Currently Waymo is available in five US cities: Atlanta, Austin, Los Angeles, Phoenix, and San Francisco.

Tesla is currently testing in Las Vegas, while Amazon’s Zoox has limited service in the city.

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