Tesla Cyber Rodeo and SpaceX launch next on Elon Musk radar this week
Tesla chief Elon Musk is having quite the week.
On Monday, we learned Tesla’s CEO had taken up a more than 9% stake in Twitter, making him the social networking company’s largest shareholder. The service the world’s richest person uses to ask for input and promise product improvements then announced Tuesday that Musk will join its board of directors.
We’ll see what fresh surprises Musk has next for Twitter after these disclosures drove its shares up 30% in the course of just a couple sessions — the biggest two-day jump for the stock since the company’s initial public offering. This much we do know: on Thursday, attention will turn back to Tesla. And on Friday, the focus will be on SpaceX, the rocket company Musk runs.
Musk will first host a massive party at Tesla’s new factory in Austin, Texas. The company has a permit to host 15,000 people for what it’s calling a “Cyber Rodeo,” nodding to the Cybertruck the CEO unveiled to enormous fanfare in November 2019 but hasn’t put into production yet. Fans are clamoring for tickets — including on Twitter — and heading to the Lone Star State’s capital in hopes of being someone’s plus-one.
Tesla has put off rolling out the Cybertruck, Semi or Roadster until no sooner than next year, because the company is parts-constrained and would produce fewer vehicles if it tried to add more models to the lineup, Musk said in January. This dragged on Tesla shares early this year, but the opening of the company’s other new factory, near Berlin, and last week’s signal another stock split is coming have done wonders for the stock.
The Rodeo promises to be a late night: doors open at 4 p.m. and remarks begin at sunset, according to Tesla’s event page. The next morning, SpaceX has scheduled another major
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