SpaceX has surpassed Tesla in market value, with a market cap of $2.1 trillion. This development comes as SpaceX becomes the sixth most valuable U.S.-listed company. The company's president, Gwynne Shotwell, has hinted at a potential merger with Tesla, stating it could make Elon Musk's life easier.
Meanwhile, General Motors is starting production of lithium-iron-phosphate cells for energy-storage systems, but has no plans to use them in its EVs. Lucid Motors is experiencing executive-level disruption, with a top executive leaving the company just months after being promoted.
Other notable developments include Waymo's acquisition of a 5,500-acre proving ground in Arizona and the launch of its loyalty program, Waymo Premier.
