Tesla, Inc. (TSLA)

AUSTIN, Texas, June 01, 2026 (GLOBE NEWSWIRE) -- AINewsWire Editorial Coverage: The United States housing market is facing a growing affordability and supply crisis that traditional construction methods have struggled to solve. Housing inventory remains tight across much of the country, while rising mortgage rates, labor shortages and increasing construction costs continue pushing homeownership out of reach for many Americans. Millions of homes are still needed to meet current demand, and the shortage is affecting not only major cities but suburban and rural communities as well. As affordability pressures intensify, interest is growing in faster, more scalable alternatives to conventional homebuilding. Factory-built and modular-housing models are increasingly being viewed as part of the solution because they can reduce construction time and improve efficiency. Against this backdrop, BOXABL (profile) has emerged with a mission focused on producing foldable, factory-built homes designed to ship nearly anywhere and unpack quickly on-site. The company, which has signed a definitive merger agreement with FG Merger II Corp. (NASDAQ: FGMC), is positioning itself at the intersection of housing innovation, advanced manufacturing and scalable residential development. As demand for affordable housing solutions continues to rise, BOXABL’s approach reflects a broader shift toward modernizing how homes are built and delivered. The company joins an impressive group of savvy companies focused on advancing large-scale automation, artificial intelligence and next-generation manufacturing systems, including Tesla Inc. (NASDAQ: TSLA), NVIDIA Corporation (NASDAQ: NVDA), Amazon.com Inc. (NASDAQ: AMZN) and Honeywell International Inc. (NASDAQ: HON).

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