Tesla plans to design four new versions of its in-house battery to power the Cybertruck, its forthcoming robotaxi and other electric vehicles, the Information reported on Thursday, citing people with knowledge of its plans.

Tesla Inc. notified US auto-safety officials of a fifth recall involving the Cybertruck in the less than a year since the polarizing pickup launched.

Falling EV sales were a big reason Tesla shares were down some 45% year to date in mid-April. Coming into Wednesday trading, Tesla stock was up about 4% in 2024, staging a remarkable comeback. Returning to growth in the third quarter was a part of the reason for the rebound.

One analyst sees the upcoming Robotaxi event as “the next potential catalyst” for Tesla’s stock, while another senses some anxiety around it.

Tesla’s global deliveries rebounded in the third quarter, reversing earlier declines this year that had stoked concerns on Wall Street about the company’s ability to grow its car business.The world’s most valuable automaker delivered a total of 462,