As investors await a cheaper Tesla, the company released a more expensive one

Tesla isn’t making “EVs affordable for everyone” yet.

1/24/25 9:28AM

After canceling plans to build a mass-market $25,000 car, Tesla last quarter reiterated its plan to “make EVs affordable for everyone” by offering “more affordable models” of its existing lineup in the first half of 2025. Ahead of the company’s fourth-quarter earnings next week, it’s releasing a more expensive one.

Buyers in the US can now order the newly redesigned Model Y, which was made available in China earlier this month, but it will cost them about $60,000 before federal tax credits, which may not be long for this world. That sticker price is up to 25% more than the costliest versions of the older Model Y, which is also still available. The new model features a number of interior and exterior design changes, taking notes from Tesla’s Model 3 revamp and the Cybertruck.

Investors are hoping lower-cost models could stanch lagging sales. The company recently saw its first annual sales decline in over a decade as it struggles with cheaper, seemingly more popular competition.

CEO Elon Musk has also said the company plans to have a low-cost fully autonomous robotaxi in “volume production” next year. We’ll believe it when we see it.

Nate Becker3h

Tesla CEO Elon Musk wins appeal for his 2018 pay package

Tesla CEO Elon Musk has won an appeal to the Delaware Supreme Court, restoring his 2018 pay package that was worth $56 billion at the time but has since ballooned in value, Reuters reports.

Two years ago, a lower court had struck down the compensation deal, calling it “unfathomable,” and Musk has been fighting for it since then.

Of course, Musk was recently awarded an even bigger pay package that could potentially award him $1 trillion over time. Tesla shares were recently up 0.5% in after-hours trading.

Musk wins appeal and restores 2018 Tesla pay deal worth $56 billion

Of course, Musk was recently awarded an even bigger pay package that could potentially award him $1 trillion over time. Tesla shares were recently up 0.5% in after-hours trading.

Jon Keegan8h

OpenAI’s reported fundraising valuation keeps jumping by hundreds of billions of dollars

OpenAI is reportedly in talks to raise as much as $100 billion, with a valuation of....~~$500 billion...$750 billion~~ $830 billion?

This is getting ridiculous. This week we have read multiple reports that OpenAI is in early discussions with potential investors about a significant fundraising round of up to $100 billion, to help cover its cloud computing costs.

On Tuesday, The Information reported a major $10 billion investment from Amazon in OpenAI, with a valuation higher than $500 billion
On Wednesday, The Information reported that the $100 billion round would give OpenAI a valuation of $750 billion
Today, the Wall Street Journal is reporting that the $100 billion round would give OpenAI a valuation of as much as $830 billion

The spread from $500 billion to $830 billion is pretty wild, and we are wondering what it might be by next week.

Exclusive | OpenAI’s New Fundraising Round Could Value Startup at as Much as $830 Billion

On Tuesday, The Information reported a major $10 billion investment from Amazon in OpenAI, with a valuation higher than $500 billion
On Wednesday, The Information reported that the $100 billion round would give OpenAI a valuation of $750 billion
Today, the Wall Street Journal is reporting that the $100 billion round would give OpenAI a valuation of as much as $830 billion

The spread from $500 billion to $830 billion is pretty wild, and we are wondering what it might be by next week.

Alexander C. Kaufman

Power play

12/18/25

Inside Trump Media’s head-scratching $6 billion merger to become a nuclear fusion company

“TAE is swinging for the fences for a grand slam,” one analyst told us, but the odds are against it.

Hand Holding an Atomic Rock Above a City

Jon Keegan12/18/25

Report: OpenAI in early talks for new fundraising round with $750 billion valuation

Just yesterday, we were reading about how Amazon was in talks to invest as much as $10 billion in OpenAI, with an eye-popping valuation of more than $500 billion. But those numbers might already be old.

A new report by The Information says that OpenAI is in early talks to raise as much as $100 billion, with a $750 billion valuation.

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.

OpenAI Has Discussed Raising Tens of Billions at Valuation Around $750 Billion

The company is reportedly estimating its fast-growing revenue will hit $100 billion by 2028, but it also expects to burn $115 billion in cash through 2029.