# Tesla News for Today
Tesla’s stock continues its positive momentum with several key developments driving investor interest. Here are the latest updates:
## Stock Performance
Tesla (NASDAQ: TSLA) shares climbed today as the company faces a critical Senate vote that could impact its emissions credits business[1]. The stock has been on an impressive recovery trajectory, gaining 0.51% during Tuesday’s trading session and testing an intraday high of $354.99, its highest level in three months[3]. Overall, Tesla shares have marked a remarkable 60% gain from April’s lows, closing at $343.82 in recent trading[3].
## Key Developments
### AI Initiatives and Partnerships
Elon Musk confirmed that both Tesla and his AI company xAI will continue purchasing chips from industry leaders Nvidia and AMD, addressing potential supply chain concerns[3]. During a CNBC interview, Musk emphasized his prediction that “the limitation on AI will be chips,” highlighting the importance of these partnerships for Tesla’s AI roadmap[3].
The xAI startup has already installed 200,000 GPUs at its Colossus facility in Memphis, Tennessee, which Musk described as “the most powerful training cluster in the world right now”[3]. Even more ambitious plans are underway, with the company aiming to build a 1 million GPU facility outside Memphis[3].
### Colossus 2 AI Supercomputer
Musk recently confirmed that Colossus 2, the next-generation AI supercomputer built by xAI, will be the first AI training supercluster powered by a gigawatt of clean energy[2]. Located in Memphis, the facility will utilize 168 Tesla Megapacks to support a million-square-foot data center aimed at training large-scale models such as Grok[2].
The project has generated mixed reactions, with environmental concerns arising due to reports of unpermitted methane gas turbines being deployed in a historically Black neighborhood. Activists have highlighted projected emissions of over 130 tons of nitrogen oxide and 17.2 tons of formaldehyde[2].
### Robotaxi Launch Plans
Musk reiterated Tesla’s plan to launch robotaxis in Austin, Texas this June[2]. The rollout will begin with a limited fleet of approximately 10 vehicles, with potential expansion to hundreds of thousands by late 2026[2]. This approach eliminates reliance on third-party platforms like Uber or Lyft.
The regulatory landscape appears to be shifting favorably for Tesla. Transportation Secretary Sean Duffy, during a visit to Tesla’s Gigafactory in Austin, expressed openness to a unified federal regulatory framework for autonomous vehicles—a development that could accelerate Tesla’s expansion plans[2]. Industry analysts are describing this period as the beginning of a “golden age of autonomous” as the Robotaxi launch approaches[4].
### China Sales Recovery
Tesla’s presence in China is showing signs of recovery. Insurance registration data revealed a sharp week-over-week rebound, with 11,130 new registrations reported between May 12 and May 18, up from just 3,100 the week prior[2]. While year-over-year and quarter-over-quarter figures remain negative, this sudden improvement provides short-term relief for investors concerned about Tesla’s recent performance in international markets[2].
## Tesla-xAI Relationship
While Musk indicated there are no immediate plans to merge Tesla and xAI, he notably didn’t rule out the possibility, stating it’s “not out of the question” and would “obviously require Tesla shareholders support”[3]. The relationship between the companies is already substantial, with Tesla recently disclosing that xAI spent approximately $191 million in 2024 and an additional $36.8 million through February 2025 on Tesla Megapacks[3].