SpaceX IPO Nears as Goldman Sachs Set to Lead Historic $75 Billion Offering 
OpenAI Expands Globally with First Overseas AI Lab in Singapore 
Goldman Sachs to Pay $500M in 1MDB Shareholder Fraud Settlement 
Samsung Union Confirms 18-Day Strike After Failed Wage Talks 
H.B. Fuller Eyes Advanced Medical Solutions in Potential £600M Takeover Deal 
Anthropic to Brief Financial Stability Board on AI-Driven Cyber Risks 
GameStop Raises eBay Stake to 6.6% as Ryan Cohen Pushes $56 Billion Takeover Bid 
Texas Sues Meta Over WhatsApp Encryption Claims 
TSMC Stake Sale Sends Vanguard Semiconductor Shares Lower 
Nvidia Beats Earnings Expectations as AI Demand Drives Record Growth 
SoftBank Shares Surge as OpenAI IPO Buzz and SB Energy Filing Boost AI Optimism 
Analog Devices Nears $1.5B Acquisition of AI Chip Firm Empower Semiconductor 
Blackstone and Google Launch AI Cloud Venture, Pressuring CoreWeave and Nebius Shares 
Tencent Shares Jump 4% as AI Models Move Toward Paid Commercial Services 
OpenAI Wins Elon Musk Lawsuit as Jury Rejects Claims Over AI Mission 
Intuit Raises Full-Year Forecast After Strong Q3 Earnings Despite Stock Drop 
Drone footage reveals Tesla's Giga Texas is ramping up Cybertruck production, with rows of the striking vehicles lined up, preparing for mass deliveries as Tesla accelerates its manufacturing pace.
Tesla Giga Texas Boosts Cybertruck Output
Stainless steel vehicles are arranged in neat rows outside of Tesla's gigafactory in Texas, as captured by drone footage shot by YouTuber Joe Tegtmeyer. The vehicles are waiting for their deliveries. It was supposedly recorded on the morning of August 23.
Drone footage shot by Joe Tegtmeyer of Tesla's gigafactory in Texas reveals an impressive array of stainless steel automobiles patiently lining up outside the facility, ready for their arrival. It was supposedly recorded on the morning of August 23.
Cybertrucks Ready for Delivery
Along with the video, the YouTuber posted a photo showing fifty Cybertrucks lined up in a row at the manufacturing site, captioning it, "The Cybertruck Armada has activated." Wes Morrill, the lead engineer for Cybertruck, also shared the photograph.
As of this writing, Benzinga has not heard back from Tesla on their request for comment.
The Cybertruck was first delivered by Tesla in November 2023, and the company is already increasing manufacturing in preparation for a 250,000 unit delivery in 2025. According to Elon Musk, CEO of Tesla, the main problem with increasing Cybertruck deliveries is manufacturing, not demand.
Kelley Blue Book forecasts that in the second quarter of 2018, 8,755 Cybertrucks were sold in the United States, up from 2,803 in the first quarter.
Tesla Aims for 2,500 Cybertrucks Weekly
During Tesla's annual shareholder meeting in early June, Musk announced that the company had reached a weekly manufacturing pace of 1,300 Cybertrucks. He also mentioned that the company's goal for the year is to raise it even more, reaching 2,500 units by the end of the year.
Last month, Tesla announced that the manufacture of cybertrucks is on schedule to reach profitability by year's end.
