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The latest panel issue means that Tesla’s Cybertruck has now been recalled eight times since its launch

Since its release last December, the pickup has been blighted by callbacks, with another this week due to an exterior panel that could detach while driving. Per a report filed with the National Highway Traffic Safety Administration, the “recall population includes all Model Year (“MY”) 2024 and 2025 Cybertruck vehicles manufactured from November 13, 2023, to February 27, 2025.” It’s the vehicle’s fifth physical recall and eighth overall in the ~16 months since it started getting delivered.

The company’s bimonthly callbacks have become one of the few broad indicators of how many Cybertrucks have been sold, given that Tesla doesn’t separate by models when announcing vehicle sales data. So far, the 46,096 trucks affected by this latest recall show that the automaker still has a long way to go if it ever wants to deliver on CEO Elon Musk’s hopes to sell up to 500,000 per year.

Tesla’s shares remained largely unchanged in premarket trading.

The company’s bimonthly callbacks have become one of the few broad indicators of how many Cybertrucks have been sold, given that Tesla doesn’t separate by models when announcing vehicle sales data. So far, the 46,096 trucks affected by this latest recall show that the automaker still has a long way to go if it ever wants to deliver on CEO Elon Musk’s hopes to sell up to 500,000 per year.

Tesla’s shares remained largely unchanged in premarket trading.

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How Tesla quietly wound up owning a small piece of SpaceX

Tesla is converting its recent $2 billion investment in Elon Musk’s AI company, xAI, into a small ownership stake in SpaceX — just months before the rocket maker’s highly anticipated IPO.

Here’s what happened: Tesla announced its xAI investment in late January, after a shareholder proposal to invest fell short last year. Several days later, xAI merged with SpaceX. All three companies are headed by Musk.

Now, regulatory filings with the Federal Trade Commission show Tesla converting that investment into a small stake in SpaceX, formalizing the financial link between the companies ahead of the rocket maker’s IPO. SpaceX is expected to go public this year at a potential valuation some speculate could top $1.75 trillion, potentially making it the biggest company to ever go public. (The current record holder, Saudi Aramco, went public at a more than $1.7 trillion valuation in 2020.)

While the size of Tesla’s stake wasn’t available, Bloomberg reports that the investment would equate to ownership of less than 1%.

While SpaceX and Tesla have engaged in related-party transactions over the years, Tesla had not previously disclosed an equity investment in SpaceX.

Now, regulatory filings with the Federal Trade Commission show Tesla converting that investment into a small stake in SpaceX, formalizing the financial link between the companies ahead of the rocket maker’s IPO. SpaceX is expected to go public this year at a potential valuation some speculate could top $1.75 trillion, potentially making it the biggest company to ever go public. (The current record holder, Saudi Aramco, went public at a more than $1.7 trillion valuation in 2020.)

While the size of Tesla’s stake wasn’t available, Bloomberg reports that the investment would equate to ownership of less than 1%.

While SpaceX and Tesla have engaged in related-party transactions over the years, Tesla had not previously disclosed an equity investment in SpaceX.

Southwest Airlines At San Diego International Airport

Southwest stopped fuel hedging a year ago. Whoops.

It’s been a year since Southwest said it would end its fuel-hedging program. Oil’s moves this year make that decision look like a mistake.

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