Elon Musk declared that the sun, as a massive free fusion reactor, will eventually provide 100% of humanity's energy, dismissing terrestrial fusion reactors as inefficient. Tesla's energy segment shows strong growth with rising revenue and storage deployments, but heavy capital spending and margin pressure highlight the costly path ahead. Musk's $25 billion investment aims to scale solar panel and battery production rapidly, though challenges remain in grid integration and resource limits. Investors will watch Tesla's energy margins and production milestones closely in the coming quarters.
SpaceX reported a $561 million unrealized gain from its stake in The Boring Co. during Q3, contributing to a net income of just over $4 billion. The Boring Co., spun out from SpaceX in 2018, recently raised $3 billion at a $23 billion valuation, back...
Tesla is set to expand its gold-colored Cybercab robotaxi service from Austin to Dallas in November and start selling the vehicles to outside fleet operators by the end of the year. The company aims to dominate transportation, but faces challenges in...
SpaceX announced that any merger with Tesla requires approval from Elon Musk, the controlling investor, even though he has stepped back from talks due to conflicts of interest. Musk recently called the merger a "good idea" and both companies have for...
Despite a recent pre-market stock selloff triggered by concerns over AI spending and mixed earnings from Tesla and Meta, along with an Asian market decline and rising oil prices due to Middle East tensions, the outlook remains bullish for a year-end ...
Elon Musk has pledged about $366 million to influence the 2026 U.S. midterm elections, primarily supporting Republican candidates to maintain a favorable political environment for his companies like Tesla and SpaceX. His businesses, especially SpaceX...
