At a G20 event, Elon Musk forecasted that artificial intelligence could increase the global economy by 20% to 30%, equating to $20-$30 trillion per year. He believes AI will soon handle all tasks not requiring manual atom shaping, possibly by the end of next year. Musk presented this optimistic view to influence policymakers on debt and growth discussions amid current economic challenges like rising interest rates and geopolitical tensions. However, some Wall Street analysts remain skeptical about the timing and returns of AI investments, highlighting risks from heavy debt-financed spending and uncertain market impacts.
Tesla's stock has fallen 22% this year, contrasting with gains by other Magnificent 7 members like Apple, Nvidia, and Amazon. The article argues Tesla, primarily an automaker, does not fit in the Magnificent 7, a group defined by transformative tech ...
Tesla held its Cybercab event on September 3 in Austin, Texas, showcasing its autonomous taxi technology with high marketing hype. However, Wall Street remains cautious, with Morgan Stanley maintaining a 'Hold' rating and a $400 price target, noting ...
Tesla reported record Q2 2026 deliveries of 480,126 vehicles but faced a sharp decline in operating margins due to rising expenses and heavy investment in AI and autonomy technology. Meanwhile, BYD continues to grow steadily with strong sales of plug...
In July 2026, global electric vehicle (EV) sales increased by 7% year-over-year, reaching a 27% market share. Europe showed strong growth with a 40% increase, while China’s sales declined by about 5% but maintained a dominant 65% share, boosted by a ...
Waymo criticized Tesla's pure AI camera-based system for full autonomy as unsafe, emphasizing the need for multiple sensors like lidar and radar for reliable self-driving. This comes just before Tesla's expected launch of its two-seater Cybercab robo...
