Elon Musk's net worth fell to $946 billion from over $1 trillion less than two weeks ago, following a decline in SpaceX and Tesla shares amid a broader tech sell-off. SpaceX's IPO initially boosted Musk's wealth above $1 trillion, valuing the company at $1.77 trillion, but shares later dropped more than 30% from their peak. Despite the decline, Musk remains the world's richest person by a wide margin. The sell-off reflects growing investor caution about the long-term profitability of tech sectors like artificial intelligence.
Sunrun, a home solar and battery storage company, announced a partnership with Tesla and Renew Home to provide over 16 gigawatts of flexible energy capacity for AI data centers and utilities. This collaboration aims to support the growing energy dema...
Tesla's stock fell 5.79% to $381.61, pressured by shrinking tech multiples and margin challenges as global EV pricing tightens. Despite strong Q1 2026 earnings, expanding automotive gross margins, and growth in FSD subscriptions and services, valuati...
Toyota is set to report a nearly 1% increase in U.S. vehicle sales for the first half of the year, reaching 1.25 million units, while General Motors (GM) is expected to see a 7.2% decline to 1.33 million. Toyota's focus on hybrid vehicles, which are ...
Sunrun, a solar-energy company, announced a partnership with Renew Home and Tesla to supply power for AI data centers. This collaboration highlights the growing role of renewable energy in supporting advanced technology infrastructure. The news led t...
US stock indices including Nasdaq 100, Dow Jones 30, and S&P 500 showed early signs of recovery on Wednesday following a sharp selloff on Tuesday. The Nasdaq aims to regain the 30,000 level but may find support at 28,500 if it falls. The Dow Jones is...
