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Mobility

Tesla finalises $2 billion AI hardware acquisition, keeps target undisclosed

Tesla has completed a previously undisclosed acquisition of an AI hardware company for $1.95 billion, largely paid in common stock and stock-based compensation. Only $222 million was recognised as acquired intangible assets, while $1.73 billion was set as contingent consideration linked to employee retention and performance milestones. Tesla did not disclose the target’s name or details. It said it would recognise costs for the contingent amount only if achievement becomes probable.

Mobility

Musk says HW3 upgrades needed as Tesla still mulls FSD plan

Tesla has yet to present a concrete execution plan for supporting Full Self-Driving (FSD) on Hardware 3 (HW3) vehicles. CEO Elon Musk acknowledged the need to upgrade HW3 vehicles but did not give clear answers on timing, methods or how much of the cost Tesla would bear. He said it makes sense to upgrade vehicles below HW4 and is considering options including next-generation AI boards, while chip production and priorities could delay HW3 support.

AI & Enterprise

Tesla moves into modular AI data centre hardware with Megapod trademark filing

Tesla is pushing into modular artificial intelligence data centre hardware after filing a trademark for “Megapod” in the United States. The application describes a modular data centre hardware system for AI computing, including servers, networking equipment, power distribution and cooling. Tesla also describes a self-contained modular computing unit with downloadable software for monitoring and optimisation. The move would put Tesla into competition with Nvidia-backed platforms, while Tesla remains a major Nvidia customer and has faced delays in its own AI chip plans.