Elon Musk Addresses Allegations Around Tesla Cybertruck – Tesla (NASDAQ:TSLA) Challenging Allegations: Elon Musk on Cybertruck Controversy

Photo of author

By Ronald Tech

Tesla Inc TSLA CEO Elon Musk has emphatically denied purportedly gifting a Cybertruck to Russian figure Ramzan Kadyrov. However, questions persist as to how the Chechen leader, an ally to Russian President Vladimir Putin, acquired the futuristic vehicle when its production remains centered in the United States.

The Denial: Musk’s response to author Seth Abramson was terse and unequivocal, dismissing notions of a Cybertruck donation to a Russian general as ludicrous.

These allegations surfaced after Kadyrov, also a colonel general in the Russian military, shared a video of himself navigating the Cybertruck, complete with a mounted machine gun, on messaging app Telegram.

Kadyrov extrapolated on the Cybertruck’s potential utility, insinuating deployment within the Russia-Ukraine conflict zone. The leader extended an invitation to Musk to visit Chechnya, lauding Tesla’s founder as a “strongest genius” and a “great man.”

Video posted by Kadyrov on his Telegram channel | Screenshot

Theoretical benefits aside, questions surrounding the Cybertruck’s accessibility to figures like Kadyrov remain unanswered, despite the CEO’s disavowal of any donation.

While Tesla’s Cybertruck is renowned for its durability and toughness, featuring shatter-resistant windows touted to withstand high-velocity baseball impacts, the model has mainly been limited to U.S. markets. Plans for international distribution, beyond Canada, remain uncertain.

The vehicle’s promotional events showcased its robust engineering through bulletproof testing, displaying its resilience against various firearms. Musk’s denial notwithstanding, the circumstances surrounding the Cybertruck’s appearance in Kadyrov’s hands remain a subject of speculation within the investor community.

Market News and Data brought to you by Benzinga APIs


See also  Exploring Netflix's Future: An Insider's Peek at NFLX Stock 2025 Forecast Exploring Netflix's Future: An Insider's Peek at NFLX Stock 2025 Forecast

The Rise of Taiwan Semiconductor Manufacturing Company in the AI Chipmaker World

Seizing the Chipmaker Crown

As Nvidia dances on the ceiling of the trillion-dollar club, another contender emerges in the AI chipmaking realm. While Broadcom has made strides in networking and AI accelerator chips, it’s not the dark horse for the trillion-dollar congregation. Eyes turn to Taiwan Semiconductor Manufacturing Company (TSMC), waiting in the wings to ascend the throne.

A graphic depicting a circuit board with a chip in the middle labeled AI.

Image source: Getty Images.

A Mighty Player in the Shadows

TSMC reigns supreme as the largest chip fabricator globally, commanding a lion’s share of foundry spending. Armed with cutting-edge chip manufacturing prowess, boasting unmatched power efficiency and computational might, TSMC etches its mark in the AI landscape and beyond.

The company’s colossal scale fosters a formidable advantage over competitors. Its robust revenue streams fuel relentless investments in research and development, ensuring TSMC stands at the vanguard of chip manufacturing innovation.

Driving Growth on the Semiconductor Highway

Painting a rosy future, TSMC anticipates a fruitful trajectory in the upcoming years. With third-quarter revenue forecasts standing tall at $22.4 billion to $23.2 billion, the company flaunts remarkable year-on-year growth figures. Additionally, a projected increase in gross margin signals pricing resilience amid escalating customer demands.

Amidst the backdrop of tech giants doubling down on AI infrastructure, such as Meta Platforms and Alphabet, TSMC stands poised to ride the crest of this technological wave. With an eye on pronounced capex expansions by industry behemoths, TSMC anticipates a windfall of demand for its chipsets.

A server room with glowing server racks.

Image source: Getty Images.

An air of anticipation looms over the tech sphere as the impending Apple iPhone release promises a host of new AI features. The allure of cutting-edge technology is expected to drive a surge in iPhone upgrades, propelling a ripple effect of chip demand, with TSMC positioned at the helm of this impending surge.

The Valuation Conundrum

Despite TSMC’s colossal $875 billion market capitalization, its shares appear undervalued at current prices. Trading at a modest forward price-to-earnings ratio of 26.5, coupled with robust revenue growth and margin expansion, the company is forecasted to sustain earnings growth exceeding 20% annually. Analysts project a steady trajectory of 21.5% earnings growth per annum over the ensuing five years, painting a promising picture for investors.

Avoiding the Bandwagon: An Analysis of Taiwan Semiconductor Manufacturing