Hezbollah Belatedly Confirms Death Of Top Drone Commander In Beirut Strike
A Thursday Israeli airstrike on Beirut’s southern suburbs killed another Hezbollah top commander. The Israel Defense Forces (IDF) said the ‘targeted’ attack on an apartment killed Mohammad Srour, also known as Abu Saleh.
“Fighter jets attacked Beirut and killed Mohammad Hussein Srour,” the IDF had posted on X. On Friday Hezbollah itself confirmed Srour’s death, who was head of the group’s drone and cruise missile command.
Lebanon’s National News Agency had described that “three missiles” had targeted “a residential apartment in a ten-story building.”
Hezbollah in a statement posted to Telegram said the 51-year old commander had “led military operations for the Islamic resistance’s air force on the Lebanese support front.”
It was at least the fourth such major aerial attack on Beirut by Israel in a week. Several high-ranking Hezbollah commanders have been killed in these strikes, but so have civilian bystanders, given entire residential buildings have been blown up.
On Friday Lebanon’s health minister has said that as of the afternoon (local time), 25 people have been killed by Israeli strikes on the country .
“One attack killed nine members of a family, including four children, in the border town of Shebaa, according to its mayor,” Sky News additionally details.
In total, over 600 people have been killed in Lebanon since Monday, when hostilities greatly ramped up along the Israel-Lebanon border.
Since then, the Netanyahu government has strongly signaled that a ground invasion could be imminent. Extra reserve forces have also been called up and sent to northern Israel.
The IDF released footage of the airstrike that killed Hezbollah’s drone chief…
The commander of Hezbollah’s aerial forces Muhammad Hussein Sarour, was killed in the Israeli airstrike in Beirut, the IDF confirms. pic.twitter.com/cF8UTR5rId
Below are some of the latest developments via Al Jazeera:
Israel has dismissed global calls for a ceasefire with Hezbollah and continues a bombing campaign that has killed more than 700 people in Lebanon since Monday.
At least 25 people have been killed since dawn, according to the Lebanese Health Minister Firas Abiad.
US Defense Secretary Lloyd Austin said Washington will continue backing Israel as Tel Aviv secures a new $8.7bn US military assistance package, and dismissed “red lines” in Israel’s assaults on Gaza and Lebanon.
At least 41,534 people have been killed and 96,092 wounded in Israel’s war on Gaza. In Israel, the number killed in the Hamas-led attacks on October 7 is at least 1,139, while more than 200 people were taken captive.
“Forced To Liquidate” – Beijing’s ‘Bazooka’ & Shanghai ‘Glitch’ Trapped Chinese Quant Funds In Massive Short Squeeze
China’s long-awaited stimulus measures may have been too much for the markets to handle.
With shares soaring and turnover reaching 710 billion yuan ($101 billion) in the first hour of trading on Friday, Shanghai’s stock exchange was marred by glitches in processing orders and delays, according to messages from brokerages seen by Bloomberg News.
The Shanghai Stock Exchange is investigating reasons for delays, it said in a statement.
“I only recall a trading delay like this one during the 2015 rally, but generally it sends a positive signal,” said Du Kejun, fund manager at Shandong Camel Asset Management Co.
“While it was but a small disruption to our trading, it would have been a big annoyance for firms that were eager to increase their positions today.”
As Goldman Sachs notes, volumes roared +4x vs 20d averages across the complex, totaling to +$9bn in trading volume (larger than Tuesday)…
Source: Goldman Sachs
…and +$580mm worth of inflows (KWEB +$414mm) – its 2nd largest day for both in the past 10 years…
Source: Goldman Sachs
Goldman Sachs notes that LOs have been skewed to buy and have been driving activity in the China ETF space (but HF activity has been relatively muted).
This ‘glitch’ did not go unnoticed as Bloomberg reports a number of quantitative hedge funds in China were hit severely on Friday as the nation’s equities staged their biggest rally in years, according to people familiar with the matter.
Some firms suffered heavy losses because they shorted index futures for their so-called Direct Market Access (DMA) strategies, said the people, asking not to be identified discussing a private matter.
Some saw their losses exacerbated by the Shanghai Stock Exchange glitch that left them unable to sell holdings to meet margin requirements, another person said.
The losses come as many quants are still recovering from record drawdowns suffered during China’s stock market meltdown in February, when their favored small-cap stocks crashed, prompting regulators to push for the DMA products to be phased out.
The DMA strategy typically uses high leverage and involves holding long positions in individual stocks while shorting stock index futures.
A surge in index futures on Friday exceeded gains in stocks, switching a persistent discount to a premium and imposing losses on market-neutral products’ positions, Li said.
“The losses on market-neutral products should be industrywide today, while some DMAs could have been forced to liquidate,” said Li Minghong, founding partner of Shanghai Jiutouxiang Financial Information Services.
Now they have been caught wrongfooted again after China’s latest economic stimulus measures sparked the biggest weekly equity rally since 2008.
The massive squeeze should come as a major surprise since positioning is practically at record lows. Chinese equities now make up 4.5% and 6.2% of our Overall Prime book’s Gross and Net Exposures, respectively, which are both at fresh 5-year lows…
Source: Goldman Sachs
In cumulative notional terms since the start of 2023, however, Chinese stocks remain meaningfully net sold by hedge funds.
Source: Goldman Sachs
“The trading system is simply overwhelmed. There is a huge stampede of stock bulls,” Hao Hong, chief economist at Grow Investment Group, said in a post on X.
Let’s play a game. I’ll give you some recent headlines, and you guess the well-known magazine.
Here’s What the ‘Manosphere’ Gets Wrong about Cuckoldry
How a Zombie Law Could Ban Abortion Nationwide If Trump Is Reelected
Meet the New Autocrats Who Dismantle Democracies from Within
Finding Math’s Beauty and Power with Drag Queen Kyne Santos
Where do you think these come from? If you guessed Teen Vogue, or even Newsweek, it would be understandable. But incorrect.
No. These headlines are from one of the premier “science” publications in the Land of the Free— Scientific American. And we didn’t even have to comb through years of articles to cherry pick those few. In fact everything we listed above was just from the last few weeks.
This is why it’s so hilarious that Scientific American endorsed Kamala Harris last week; they wrote “Vote for Kamala Harris to Support Science, Health and the Environment.”
So the publication which thinks sex fetishes, abortion, drag queens, and left wing political ideology count as “science” believe that Kamala is the pro-science candidate. Hilarious.
Even the few articles that are actually about real science have a woke, leftist bend. For example, one article is “Florida Surgeon General Spreads COVID Misinformation in Booster Guidelines.”
They go on to slam the state’s top public health official for telling people that new COVID boosters have not been widely tested on humans. So Scientific American decided that he is spreading misinformation… even though (quite bizarrely) they acknowledge in the very same article that the boosters have not, in fact, been widely tested on humans.
It’s especially ironic because one of the only other articles dealing with science is a story about a heroic scientist from the FDA who stood up against the “consensus” among the medical community in the 1960s.
Back then, all the “experts” believed that an untested drug called thalidomide was safe. This one woman questioned the science. And she was right— thalidomide caused monstrous birth defects when it was administered to pregnant women.
So, according to Scientific American, a woman who raised awareness about an untested drug is considered heroic. But Florida’s Surgeon General who is raising awareness about untested booster shots is spreading misinformation.
This double standard appears completely lost on them.
And speaking of double standards among leftist buffoons, the greatest investor of all time scored another big win recently.
Forget Warren Buffet. I’m talking about Paul Pelosi (husband of the former House Speaker and current Congresswoman from San Francisco, Nancy Pelosi) whose track record is virtually unbeatable.
This guy just has a special knack to sniff out amazing investments.
For example, Mr. Pelosi famously purchased very high-risk call options in Microsoft back in 2021; less than two weeks later, Microsoft announced a $22 billion contract with the US military… and Pelosi made an enormous profit.
It must have been a crazy coincidence.
Similarly, he loaded up on more high-risk call options of various semiconductor stocks in 2022, shortly before Congress announced the CHIPs Act (which poured billions of taxpayer subsidies into those same companies.) The companies’ stock prices soared, and Pelosi made a ton of money.
Another crazy coincidence for sure.
Just recently, Paul Pelosi decided to sell about $500,000 worth of Visa stock. And wouldn’t you know it— this week the Justice Department announced an antitrust lawsuit against Visa for illegally monopolizing the debit card market.
Visa’s stock price tumbled. But hey, Paul Pelosi had already sold. Incredible timing on his part… which, once again, must be a total coincidence.
Apparently everyone in the Washington establishment believes this to be true, because there has never been any serious investigation into the Pelosi’s potential impropriety. And if anyone so much as suggests that Pelosi has used her position for personal gain, it’s immediately labeled as “disinformation” or “misinformation.
New York City Mayor Eric Adams probably wishes for the same special treatment. Yet Adams was indicted this week on corruption charges for using his office for personal gain. I read the 57-page indictment, and the evidence against him is strong.
But the evidence against Pelosi is also strong. As is the evidence against “the Big Guy” profiting from Hunter Biden’s deals in Ukraine.
All of these people have long histories of improperly benefiting from their offices. And they’re all wrong. All of them. Yet only Eric Adams has been charged… which is pretty ironic for a party that claims to champion anti-racism.
They’re sending the black dude to jail while the old white people get to continue ripping off the public. Eric Adams is a criminal. But Paul Pelosi is the greatest investor of all time.
Just like Scientific American, the double standard is completely lost on them.
NTSB Issues “Urgent” Safety Warning About Potential Rudder Failure For Some Boeing 737s
The National Transportation Safety Board issued urgent safety recommendations on Thursday for the Federal Aviation Administration and Boeing to address “the potential for a jammed or restricted rudder control system” on specific 737 Max and NG jets.
The origin of the recommendation stems from a mid-air incident earlier this year in which the rudder pedals – the pedals on the floor of a plane that looks like the brake and gas pedals of a car or truck but control the aircraft’s directional yaw – on a United Airlines Boeing 737-8 Max were “stuck” in the neutral position during the landing rollout at Newark Liberty International Airport, Newark, New Jersey.
Rudder controls…
After touching down, the United pilot used a nosewheel steering tiller to ensure the aircraft was not blown off the runway by crosswind. NTSB found one of the rudder control components, a rollout guidance actuator from Collins Aerospace, defective. In another incident, the actuator was found to be defective in a cold-weather environment. Collins notified Boeing that more than 353 actuators have been shipped to the company since 2017.
“Boeing’s 737 flight manual instructs pilots confronted with a jammed or restricted rudder to ‘overpower the jammed or restricted system (using) maximum force, including a combined effort of both pilots,'” the NTSB wrote in the report.
“The NTSB expressed concern that this amount of force applied during landing or rollout could result in a large input to the rudder pedals and a sudden, large, and undesired rudder deflection that could unintentionally cause loss of control or departure from a runway,” the statement said.
This marks yet another setback for Boeing in what has been a challenging year for the US-based aircraft manufacturer. Incidents have ranged from a mid-air door plug blowout in January to a series of mid-air mishaps across the country. Then, two weeks ago, there was a massive strike involving 33,000 unionized employees.
With many of Boeing’s employees walking the picket line, who will fix the rudder control components??
More than 747,000 registrants have been stripped from North Carolina’s voter rolls since the start of 2023 due to ineligibility, the state’s elections board announced on Sept. 26.
North Carolina’s county boards of elections ended the 20-month purge in August, removing an average of 1,200 names per day, according to a North Carolina State Board of Elections news release.
Voters can become ineligible for a variety of reasons. Possible reasons for removal from the rolls include death, relocation, continued inactivity, a felony conviction, a duplicate registration, lack of citizenship, a successful voter challenge, or their own request to be removed.
Nearly 290,000—a plurality—of the latest removals were duplicate registrations for voters who had moved elsewhere in the state. The other top reasons were for inactivity in the last two federal elections (246,311) and death (130,688).
The Tar Heel State currently has more than 7.7 million registered voters.
As one of a handful of swing states, North Carolina could be a deciding factor in the presidential election. With weeks still to go before Election Day, the state has already become a hotspot of election litigation.
In August, the Republican National Committee (RNC) and the North Carolina Republican Party sued the state elections board over voter registration.
The lawsuit charges that the board violated the Help America Vote Act (HAVA) by neglecting to collect required identifying information from more than 225,000 voter registrants.
“By failing to collect certain statutorily required information prior to registering these applicants to vote, Defendants placed the integrity of the state’s elections into jeopardy,” the Aug. 23 complaint contends.
The GOP is also suing the board over its approval of the use of digital student IDs issued by the University of North Carolina at Chapel Hill as a valid form of voter ID.
Republicans argue that state law does not authorize the use of electronic identification as a form of voter ID. A state judge rejected that argument earlier this month, though the party has appealed the matter to the North Carolina Court of Appeals.
The elections board lost a legal battle with former independent presidential candidate Robert F. Kennedy Jr. earlier this month when the North Carolina Supreme Court ordered his name removed from the state’s ballot.
Kennedy suspended his campaign on Aug. 23, citing an uphill battle in the polls. He has since joined forces with the Republican nominee, former President Donald Trump.
The U.S. Secret Service has confirmed that it is investigating allegations of misconduct against one of its agents in response to an inquiry about a report claiming that the special agent in question groped a female staff member of Vice President Kamala Harris’s presidential campaign after getting drunk.
A Secret Service spokesperson told The Epoch Times in an emailed statement that one of its agents has been suspended amid a misconduct probe, after being asked for comment on allegations made in a Real Clear Politics reportclaiming that the heavily inebriated agent had forced himself onto a female Harris campaign staffer at her hotel room, allegedly groping her in front of witnesses.
“The U.S. Secret Service Office of Professional Responsibility is investigating a misconduct allegation involving an employee,” the spokesperson said in response to the inquiry. “The Secret Service holds its personnel to the highest standards. The employee has been placed on administrative leave pending the outcome of the investigation.”
The spokesperson did not confirm the details of the allegations, which claim that the special agent in question and several Harris campaign staff members dined and drank alcohol at a restaurant in an undisclosed location in Wisconsin last week, with the group going back to the female staffer’s hotel room afterward. The report alleged that the agent in question was so drunk that his co-workers kicked him out of their hotel room and he later passed out in the hallway.
The Harris campaign did not respond to a request for comment and more details on the matter.
The Secret Service has been under heightened scrutiny since the attempted assassination against former President Donald Trump at a rally in Pennsylvania, leading to questions about the agency’s ability to protect high-profile officials effectively. An interim House report on the Secret Service’s actions during the July 13 rally in Butler found that planning failures and unclear roles among Secret Service personnel contributed to inadequate security coverage.
Acting Secret Service Director Ronald Rowe said recently that some agents who were involved in securing the July 13 rally would face discipline by the agency’s internal office of integrity in line with its “table of penalties,” Rowe told reporters at a Sept. 20 press conference in Washington.
UMich Consumer Sentiment Survey Confuses In September
The headline UMich consumer sentiment index rose in September with both ‘current conditions’ and ‘expectations’ picking up…
Source: Bloomberg
This increase was seen across all education groups and political affiliations.
Furthermore, all five index components gained, led by a 6% surge in one-year business expectations. The expectations index is now 13% above a year ago and reflects greater optimism across a broad swath of the population.
Buying Conditions improved across the board in September…
Source: Bloomberg
And short-term inflation expectations tumbled to the lowest since Dec 2020 (as medium-term inflation expectations picked up)…
Source: Bloomberg
Finally, if inflation expectations are to be believed, 10Y Treasury yields are set to drop dramatically from here…
Source: Bloomberg
Which is interesting since in the same survey, the number of respondents who see interest rates higher in the next year reached a record high…
Source: Bloomberg
UMich reports that sentiment appears to be building some momentum as consumers’ expectations for the economy brighten.
At the same time, many consumers continue to report that their expectations hinge on the results of the upcoming election.
But amid all that “yay Kamala” bullshit, survey respondents’ views on the Biden/Harris policies remain well below Trump’s…
So, to summarize the confusion – we are about to see a resurgence in ‘buying’… which will apparently ‘help lower inflation’? …and we are sure that 51 nobel laureate economists will back this ‘economic’ framework.
President Trump blasted Kamala Harris Thursday as the Democratic nominee is scheduled to appear at the border on Friday.
Trump slammed Harris, who is supposedly the ‘border czar’ within the current regime for allowing Central and South American countries to flood the US with their “criminals”.
“They’ve taken their drug dealers and they’ve emptied their jails almost. They’ll be emptied very soon, within the next two months. I guess they can’t get enough buses,” Trump stated.
He further urged “they’re bringing people at record levels to our country. These are criminals. And their crime rate is the lowest it’s been ever that anybody can remember.”
Trump: Kamala Harris Will Stand In Front Of The Wall I Built And Say She Did A Good Job And The Fake News Will Believe Her | RealClearPolitics
Former President Donald Trump on Thursday at a Trump Tower press conference attacked Vice President Kamala Harris on her upcoming visit… pic.twitter.com/fyjjyaj1IW
“Caracas has become a safe and wonderful city,” Trump continued, adding “Unlike our cities that are getting worse and worse with this horrible invasion that Kamala, in particular, because I’m no fan of Biden. He’s been a terrible president, doesn’t know what he’s doing.”
“But you know what? He assigned her the job. And whether you call her a border czar or just say that she was put in charge of the border, doesn’t make any difference,” Trump remarked.
“Same thing. She’s done a horrible job. And she’ll be out there tomorrow, standing probably in front of the wall that I built, trying to say what a wonderful job she did,” Trump blasted.
“And the fake news will believe her because that’s what they want to do. But she didn’t. And I hope everybody out there understands that,” he concluded.
As we highlighted, Harris will make a stop at the border in Arizona today, marking only the second time in four years that she has visited to witness the calamity that has unfolded under her watch.
Once again, she isn’t really going to the border, she’s stopping off there for a photo before going somewhere else.
For the past week, Harris’ surrogates have been putting out the talking point that a border wall is now a good idea, but only if Harris is elected.
Kamala’s Energy Secretary Jennifer Granholm says that a wall on the southern border is a waste of money when President Trump builds it but not Kamala Harris. pic.twitter.com/gOiL5XO1H5
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Yen Soars After Warhawk Ishiba Wins Shock LDP Leadership Vote
In what was the week’s second biggest surprise – the first one being China’a bazooka stimulus announcement – Shigeru Ishiba, who was widely viewed as an underdog in today’s LDP leadership election, was elected leader of Japan’s ruling Liberal Democratic party, handing national power to a noted China and monetary policy hawk who wants a more equal defense relationship with the US and has vowed to fight to prevent the nation falling back into deflation.
Ishiba, the 67-year-old former defense and agriculture minister, was elected LDP president on his fifth attempt and will succeed Fumio Kishida as Japan’s prime minister after a parliamentary vote on October 1. His biggest competitor for the leadership role, Sanae Takaichi, a popular follower of Abenomics and monetary dove who was expected to put an end to the BOJ’s monetary tightening, was widely expected to win and in fact won the first first vote round, sending the yen plunging in the morning’s early hours, but then unexpectedly lost the runoff, sending the yen soaring.
Ishiba’s victory followed a highly unusual LDP leadership race contested by a record nine candidates. The competition was intensified by the party’s declaration this year that it was disbanding most of the factions that have historically controlled internal votes.
What was even more surprising is that the stated frontrunner Sanae Takaichi had a firm lead after the first round, in which she got 181 or 25% of the vote, leading both Ishiba and Koizumi. And yet, in the runoff round, she ended up losing, having barely picked up any votes.
Immediately after Ishiba’s victory was declared on Friday, the yen surged more than 1 per cent against the dollar on market perceptions that he would not resist efforts by the Bank of Japan to normalize monetary policy and to push ahead with interest rate increases (that said, even with Ishiba as PM, the BOJ will have no choice but to cut rates soon as the latest Japanese inflation figures confirmed the country’s inflation rate is now tumbling fast and it’s only a matter of time before the global easing wave sweeps over Japan as well).
Ahead of the vote outcome, the yen’s sharp fall accelerated after it was revealed that Takaichi had a clear lead in the first vote round, making her a clear favorite to become the next LDP leader, and first female PM of Japan. The first round of voting also eliminated Shinjiro Koizumi, the son of former prime minister Junichiro Koizumi, who would have become Japan’s youngest prime minister. Hours before the votes were counted, Koizumi remained the narrow favourite among political analysts which may explain why he won the fewest number of votes in the first round.
But in the end it was not meant to be, and whether rigged or otherwise, Ishiba’s victory sent the USDJPY plunging.
Ishiba, who has been a consistent hawk on China, has also bridled against what he sees as Japan’s structurally unequal alliance with the US, according to the FT. In recent years, he has proposed changes to the relationship, including shared access to US bases on Japanese soil.
“Trusting in the people and speaking the truth with courage and sincerity, I will do my utmost to make this nation of Japan a safe and secure country where everyone can once again live with a smile,” Ishiba told an assembly of ruling party MPs after the result.
Courtesy of Goldman, here is a snapshot of Ishiba’s core beliefes and policies:
Change of Course from Abenomics, Fiscal Discipline, Regional Revitalization
Looking at his main policy stance and recent remarks, Mr. Ishiba has advocated that the course of Abenomics needs to be corrected. He also calls for large-scale regional revitalization using digital technology and a shift to a domestic demand-led economy.
On monetary policy, Mr. Ishiba says that a gradual return to a world with positive interest rates will help curb inflation and promote structural reform. He has also said that the yen has been too weak recently.
Regarding fiscal policy, he has traditionally been advocating fiscal consolidation, saying a certain level of fiscal discipline should be maintained and that the use of limited financial resources should be strictly scrutinized. Furthermore, Mr. Ishiba is of the opinion that much of the social benefits provided during the COVID-19 pandemic were not spent, and that a review should be conducted to see if they were necessary. He also says that financial income tax should be raised.
Regarding energy related policies, Mr. Ishiba says he will make every effort to reduce nuclear power plants to zero. He will allow the restart of nuclear power plants that have been confirmed to be safe, but will not allow the construction of new plants.
Enhancing disaster prevention, establishing a Ministry of Disaster, and strengthening defense power are also main policy themes which Mr. Ishiba has reiterated over many years.
Ishiba, whose father was governor of Tottori prefecture and later home affairs minister, entered politics after a brief career in banking. He entered parliament at the age of 29 in 1986, making him Japan’s youngest-ever lower-house member at the time.
He will inherit a stagnating economy emerging from years of deflation, but facing the headwinds of an ageing and shrinking population, and still hot inflation. He said during the campaign that he favored companies shouldering a greater part of the tax burden. At a press conference on Friday evening, Ishiba described the “great anxiety” of ordinary Japanese people and the need to ensure the country does not fall back into deflation. Of course, the flipside to overtightening monetary policy is another stock market crash, and the new PM will soon find out just which outcome the people prefer.
Katsuhiko Aiba, chief economist at Citi, said the new prime minister’s economic policy was unlikely to be significantly different from that of Kishida. Ishiba would probably put together a new economic package aimed at combating higher prices and promoting wage hikes before the year-end, said Aiba.
An intellectual known widely as an otaku — or geek — for his interest in trains and military vehicles, Ishiba’s campaign proposals included the creation of an “Asian NATO” to counter the rise of China. He told the press conference that Japan “must play a proactive role in building peace in this region”, but gave few details of any specific plans to change Japanese security strategy.
Yu Uchiyama, a political scientist at Tokyo University, said the importance Ishiba placed on security meant he would continue Japan’s recent push to strengthen its military capabilities. “In one sense, Ishiba will probably be successful in presenting the image of change in the LDP. But faced with a changing world order, he will just take over Kishida’s defence policies, so there should be no significant difference there,” said Uchiyama.
As well as a stronger focus on revitalising Japan’s regions, Ishiba’s clearest break with his predecessor is likely to be the creation of a full ministry to handle disaster management in a country regularly hit by earthquakes and increasingly dealing with large-scale flooding and other extreme weather events.
According to the FT, during his long career in parliament, Ishiba has gained a reputation as an outspoken rebel unafraid of making enemies within his own party. In a brief speech to LDP members ahead of vote counting on Friday, he apologised for the “unpleasant experiences” he had caused over the years.
Japanese equities had risen earlier in the day amid expectations that one of Ishiba’s more market-friendly rivals would win. But Nikkei 225 futures slumped more than 3% in the first hours of trading in Chicago, suggesting share prices could come under pressure when the Tokyo market reopens on Monday.
Finally, as to whether Ishiba’s victory means the BOJ will now aggressively hike even more, don’t be on it: as was revealed shortly before the LDP vote, the latest Tokyo CPI data revealed one of the biggest one-month drops in the Tokyo core CPI…
… which means that Japan’s hiking cycle is almost over (just one hike in) and who the new PM is will have zero impact as Japan’s resumes its slide into recession; in fact – since Ishiba is so hell bent to prevent the return of deflation, it means he will force the BOJ to cut sooner than later!
On Elon Musk’s X account this week he wrote: “This will be one for the history books.”
“We, Robot. 10.10 Los Angeles,” a photo of the event announcement, appended to the post, said.
Tesla confirmed its upcoming robotaxi reveal will happen in Los Angeles but hasn’t disclosed the exact venue. Bloomberg suggests the event may be held at Warner Bros. studio in Burbank, though this remains unconfirmed.
On September 10, Tesla invited retail investors to enter a lottery for a chance to attend, with entries closing by September 17. Invitations were sent out Wednesday, with only a few investors selected to join in person.
Investors must RSVP by October 6 to attend the robotaxi reveal, according to the invitation. Tickets are non-transferable, and guests must be 21 or older. Additional details will follow once tickets are confirmed.
The event starts at 7 p.m. on October 10 and will be livestreamed on Tesla’s social media platforms, including X and YouTube, the Investors Business Daily report says.
Originally set for August 8, Tesla’s robotaxi reveal was postponed to October 10 for “important changes.” CEO Elon Musk hinted at additional product announcements during the event.
According to Electrek, the robotaxi is rumored to be “Cybertruck-like” in design, without a steering wheel or pedals, and potentially smaller in size. A prototype was spotted testing at the Warner Bros. lot. Tesla may also showcase its latest Optimus humanoid robots with a focus on autonomous features.
Analysts expect to see the latest version of Tesla’s Full Self-Driving (FSD) software and possibly a demonstration of a fully autonomous robotaxi on a closed course. Deutsche Bank predicts Tesla may also unveil its new low-cost vehicle planned for next year.
