I wonder if it is the people who worked on dojo that just got bought by tesla especially when they restarted their efforts on dojo earlier this year. [1]
That's a better title, as "Tesla discloses $2B AI hardware company acquisition buried" could also mean "Tesla disclosed that it buried an acquisition" or "Tesla disclosed that a hardware company buried an acquisition".
It's pretty obvious much of this article was written with AI, there's about 15 emdashes.
This electrek site frequently comes up in my Firefox news feed and they seem to have made a business of breathless reporting news about Tesla with a negative spin.
I really used to enjoy Fred's writing on Electrek. But after the Roadster referral debacle, Fred's tune changed and has gotten more negative... so negative now that you cannot find any positive articles about Musk or Tesla (some articles you might classify as 'neutral'). If you look at comment counts, it's clear Fred is playing to the "I hate Musk" crowd now for clicks (comments and clicks have similar outcomes for Google Adsense). Electrek's other articles' comment counts pale in comparison. So the incentive is pretty obvious now. Too bad.
I find it funny how stealing 500,000 $ from a fan is a "debacle". In most places that would be considered a felony instead of a justification to smear the victim and call them a whiner.
His utter failure at DOGE is irrelevant too, slashing aid programs that will result in the deaths of millions while not making any discernible impact on the budget. No one cares about that.
Anyone with sense sees the negativity around Tesla.
It trades at a 360 p/e with annually shrinking finances. None of it's blockbuster promises have come to fruition, and it keeps on faux chasing hype products to keep shares buoyant. Nevermind all the shady accounting and and notorious opaque data sharing that has cropped up in the last few years.
It has had three success stories which are all pretty banal (model S, model 3, model Y), and has a litany of perpetually "just around the corner" products that will fill those massive 360 p/e shoes and then way more. FSD, roadster, semi, model 2, robotaxi, optimus robot, and now terafab. All vaporware that is indefinitely pending, and seem perfectly crafted to tickle the mind of "the internet IQ test said I'm a genius" type investors.
It then has it's meh business of battery production and storage, which does alright for what it is, but even still is now borderline noncompetitive with Chinese offerings.
So if electrek is going hard against Tesla...it kind of makes sense?
What if you were just reporting on electric cars then dropped most reporting on electric cars from the foremost electric car company unless there was a way to include ceo-bashing for half the article? I get being fair or even a decent amount of hatred for whatever reason, but Fred really changed his tune and became quite spiteful. It was sad to watch, and many people tried to help in online comments, but seems like the negativity mostly won out.
BYD has two SUVs in the ranking, which added together brings them to parity with the Y.
That aside though, in total sales, BYD is selling 2.5x the amount of EVs.
Tesla ranked 9th, behind Toyota and Volkswagen for total sales in Feb and March.
Globally, Tesla has a tight lineup, so there is only one SUV choice. Other brands outsell Tesla model Y, but it's splintered across their many offerings in the SUV space. Tesla really wants you to know that the model Y is the top selling car globally. They don't want you to know that other SUV brands outsell them, but in the form of many different models.
This is exactly the kind of nonsesne flexing I am referring to that comes out of Tesla for the last few years. Things that on the surface seem "wow", but underneath are just shady or misdirection.
Tesla sales numbers are perpetually skewed by their limited model numbers. Other car manufacturers (rightly or wrongly) have many more SKUs, so any one particular version is unlikely to hit the #1 spot.
I loved Electrek early on. It was a fresh air reporting on everything renewable and EV. Now I consider it the whore of the news. Tesla could do no wrong five years ago. Now everything they touch is a disaster. That especially sucks because their cause is noble. HN’s sentiment toward Tesla has turned sour so Elektrek’s articles get upvoted more. Objectivity is overrated.
Tesla (and Elon) are responsible for bringing on the EV age, and forcing the trend on legacy manufacturers. Anyone who says otherwise is uninformed or dishonest.
That being said, their (one trick) pony has done it's trick, and now it's just promises that the pony will do progressively more crazy tricks if you just give it a little more time.
The earnings call is basically an event to announce that they've published their 10-Q report. The report says:
> "In April 2026, the Company entered into an agreement to acquire an AI hardware company for up to $2.00 billion in Tesla common stock and equity awards, of which approximately $1.8 billion is subject to certain service conditions and/or performance milestones dependent on the successful deployment of the company’s technology."
That's not quiet or sneaky in any way.
The article says:
> The fact that Tesla discussed the $2 billion SpaceX investment extensively in the shareholders' letter but didn't mention an equally-sized acquisition is a deliberate choice.
The existence and content of the report is all that matters, you can emphasize or ignore anything you want in the press release.
Has any company ever buried such a large acquisition in its filings without disclosing the acquired company prior? I cannot recall any off the top of my head.
> Is it legal? The whole point of earnings call...
You might be shocked to find out, as I was, that earnings call are not even legally required. Companies are legally required to make SEC filings and that's it.
I wonder if it is the people who worked on dojo that just got bought by tesla especially when they restarted their efforts on dojo earlier this year. [1]
[1] https://techcrunch.com/2026/01/20/elon-musk-says-teslas-rest...
Original Title: Tesla (TSLA) quietly discloses $2 billion AI hardware company acquisition buried in filing
That's a better title, as "Tesla discloses $2B AI hardware company acquisition buried" could also mean "Tesla disclosed that it buried an acquisition" or "Tesla disclosed that a hardware company buried an acquisition".
"quietly discloses"
Can we vote to ban an adverb?
The idea that anything can still be buried in a filling is equally ridiculous
"hidden in a news press"
Quietly has not so quietly become an AI slop calling card.
I think it’s bad enough that more people are using it too. Maddening.
It's pretty obvious much of this article was written with AI, there's about 15 emdashes.
This electrek site frequently comes up in my Firefox news feed and they seem to have made a business of breathless reporting news about Tesla with a negative spin.
I really used to enjoy Fred's writing on Electrek. But after the Roadster referral debacle, Fred's tune changed and has gotten more negative... so negative now that you cannot find any positive articles about Musk or Tesla (some articles you might classify as 'neutral'). If you look at comment counts, it's clear Fred is playing to the "I hate Musk" crowd now for clicks (comments and clicks have similar outcomes for Google Adsense). Electrek's other articles' comment counts pale in comparison. So the incentive is pretty obvious now. Too bad.
I find it funny how stealing 500,000 $ from a fan is a "debacle". In most places that would be considered a felony instead of a justification to smear the victim and call them a whiner.
You think $500K was stolen? Hmm, doesn't sound hyperbolic at all...
Can you explain the $500k being stolen? All I could find was something about the roadster and some rebate program, but not actual cash being stolen.
It was an early booster of Tesla, but I think it rightly went negative when the unkept promises and CEO antics started piling up.
Yeah. They seem to specialize in low-effort Musk bashing. (Not that there doesn't appear to be a evergreen market for that among the jealousinati.)
Musk-bashing doesn't require effort. Any reasonable person knows he's at best an opportunist dragon with no moral compass.
Sure, which is why this publication has commoditized it.
That's it, they're jealous of Musk. It's not the Nazi salute, they're just jealous they don't get to exploit people like he does.
His utter failure at DOGE is irrelevant too, slashing aid programs that will result in the deaths of millions while not making any discernible impact on the budget. No one cares about that.
Anyone with sense sees the negativity around Tesla.
It trades at a 360 p/e with annually shrinking finances. None of it's blockbuster promises have come to fruition, and it keeps on faux chasing hype products to keep shares buoyant. Nevermind all the shady accounting and and notorious opaque data sharing that has cropped up in the last few years.
It has had three success stories which are all pretty banal (model S, model 3, model Y), and has a litany of perpetually "just around the corner" products that will fill those massive 360 p/e shoes and then way more. FSD, roadster, semi, model 2, robotaxi, optimus robot, and now terafab. All vaporware that is indefinitely pending, and seem perfectly crafted to tickle the mind of "the internet IQ test said I'm a genius" type investors.
It then has it's meh business of battery production and storage, which does alright for what it is, but even still is now borderline noncompetitive with Chinese offerings.
So if electrek is going hard against Tesla...it kind of makes sense?
Yeah, to me it's not bashing or negative to call a spade a spade.
What if you were just reporting on electric cars then dropped most reporting on electric cars from the foremost electric car company unless there was a way to include ceo-bashing for half the article? I get being fair or even a decent amount of hatred for whatever reason, but Fred really changed his tune and became quite spiteful. It was sad to watch, and many people tried to help in online comments, but seems like the negativity mostly won out.
In my view, the negativity was commensurate with the company CEO's increasingly erratic behavior and choices.
Some fair points, but Model Y was the #1 selling SUV in China in Feb and Mar, and 2nd place vehicle was almost half the price.
BYD has two SUVs in the ranking, which added together brings them to parity with the Y.
That aside though, in total sales, BYD is selling 2.5x the amount of EVs.
Tesla ranked 9th, behind Toyota and Volkswagen for total sales in Feb and March.
Globally, Tesla has a tight lineup, so there is only one SUV choice. Other brands outsell Tesla model Y, but it's splintered across their many offerings in the SUV space. Tesla really wants you to know that the model Y is the top selling car globally. They don't want you to know that other SUV brands outsell them, but in the form of many different models.
This is exactly the kind of nonsesne flexing I am referring to that comes out of Tesla for the last few years. Things that on the surface seem "wow", but underneath are just shady or misdirection.
Tesla sales numbers are perpetually skewed by their limited model numbers. Other car manufacturers (rightly or wrongly) have many more SKUs, so any one particular version is unlikely to hit the #1 spot.
I loved Electrek early on. It was a fresh air reporting on everything renewable and EV. Now I consider it the whore of the news. Tesla could do no wrong five years ago. Now everything they touch is a disaster. That especially sucks because their cause is noble. HN’s sentiment toward Tesla has turned sour so Elektrek’s articles get upvoted more. Objectivity is overrated.
>Now everything they touch is a disaster.
Care to give counter examples?
Tesla (and Elon) are responsible for bringing on the EV age, and forcing the trend on legacy manufacturers. Anyone who says otherwise is uninformed or dishonest.
That being said, their (one trick) pony has done it's trick, and now it's just promises that the pony will do progressively more crazy tricks if you just give it a little more time.
This is such a bad article. And no suprise it's Fred Lambert.
> The company never mentioned the deal in its shareholders’ letter or during last night’s earnings call.
Is it legal? The whole point of earnings call is to disclose such events to [potential] shareholders.
The earnings call is basically an event to announce that they've published their 10-Q report. The report says:
> "In April 2026, the Company entered into an agreement to acquire an AI hardware company for up to $2.00 billion in Tesla common stock and equity awards, of which approximately $1.8 billion is subject to certain service conditions and/or performance milestones dependent on the successful deployment of the company’s technology."
That's not quiet or sneaky in any way.
The article says:
> The fact that Tesla discussed the $2 billion SpaceX investment extensively in the shareholders' letter but didn't mention an equally-sized acquisition is a deliberate choice.
The existence and content of the report is all that matters, you can emphasize or ignore anything you want in the press release.
> That's not quiet or sneaky in any way.
Has any company ever buried such a large acquisition in its filings without disclosing the acquired company prior? I cannot recall any off the top of my head.
> Is it legal? The whole point of earnings call...
You might be shocked to find out, as I was, that earnings call are not even legally required. Companies are legally required to make SEC filings and that's it.
Could it have been acquired to clear some possible patent issues on a future product?
We can’t know, they didn’t disclose ;-)
Atomic Semi?