Tesla CEO Elon Musk and NVIDIA CEO Jensen Huang joined President Trump's delegation to Beijing on Air Force One, highlighting their companies' critical roles in US-China tech relations. Huang's presence followed a year of lobbying to ease AI chip export restrictions, crucial as NVIDIA's China revenue has been severely impacted by current policies. Tesla's Shanghai Gigafactory and supply chains also depend heavily on China. Their close access to the President signals potential easing of trade restrictions, reflected in recent stock rallies. Investors will watch for upcoming Commerce Department licensing decisions and Tesla's regulatory filings in China as key indicators of progress.
Tesla plans a demonstration of its next-generation Roadster at SpaceX's Texas rocket test site, potentially as soon as August 2026. The car, equipped with SpaceX cold gas thrusters, will briefly lift off the ground in a remote-controlled hover, not a...
Michael Burry, known for his contrarian bets, has increased his short positions on Micron Technology and the Invesco QQQ Trust despite current losses. Micron's stock has surged over 238% this year due to strong demand in the memory chip sector, but B...
Tesla and Alphabet reported Q2 2026 results showing contrasting AI strategies. Tesla's revenue rose 25.5% with record vehicle deliveries, but operating margin fell to 1.4% due to heavy spending on AI and robotics, leading to a negative free cash flow...
SpaceX shares opened above IPO price but early investors faced losses as the stock dipped after debut. Despite a recent rally nearing 40%, initial buyers still saw declines. Positive earnings and strategic investments, including Tesla's stake in a Te...
In 2025, Elon Musk received $158.3 billion in compensation as Tesla's CEO, which was 2.5 million times the pay of the average Tesla worker. This figure is an extreme example of the widening pay gap between CEOs and workers, with the average CEO-to-wo...
