Avalon Trust Invests About $1.16M in Tesla; Cybercab Rollout Prepares
Avalon Trust Co bought 2,759 Tesla shares worth about $1.16 million, boosting its position alongside other funds that increased stakes. Revolve Wealth Partners, Sivia Capital Partners, and AGP Franklin also raised holdings, while insiders own 19.90%. Separately, Tesla is preparing an August Cybercab rollout starting with employee rides, with Cybercab production already underway.