Tesla has reduced its robotaxi fleet to about 20 vehicles despite expanding the Austin service area, raising safety concerns from former engineers. Meanwhile, SpaceX updated its IPO filing, indicating a lock-in period for Musk's shares and potential equity issuance for acquisitions, which may impact Tesla's stock. Tesla also saw a significant sales surge in France, recovering in the European market. Elon Musk commented on Terafab's tax impact, suggesting it could become a major revenue source for Grimes County, Texas.
Tesla is rapidly evolving into a physical AI company, with its Full Self-Driving (FSD) subscriptions growing 56% year-over-year in Q2 and reaching an annual recurring revenue (ARR) of $791 million. The company expects up to 750,000 subscribers and an...
Tesla shares rose 4% after Florida Governor Ron DeSantis promised to make Tesla's flying Roadster legal in the state. This pledge followed Tesla's recent demonstration of the Roadster's brief flight capabilities, boosting investor enthusiasm. Meanwhi...
Tesla was upgraded from Sell to Hold before its Q3 earnings report due to strong Q2 revenue growth of 25.5% year-over-year, despite missing EPS targets and negative free cash flow caused by heavy capital expenditures. Concerns remain over compressed ...
Meta Platforms and Tesla are set to report earnings this week, providing a key test of investor confidence in AI spending after a recent sell-off in semiconductor stocks. Strong inflation data has raised concerns about sustained price pressures, but ...
Nasdaq 100 futures rose 1.32% Monday following last week's AI-driven selloff, which saw CoreWeave's stock drop 25% and its credit default swaps reach distress levels. Despite the bounce, credit spreads in AI-related stocks remain wide, signaling ongo...
