Elon Musk urged OpenAI cofounders Greg Brockman and Sam Altman to settle their legal dispute just before a high-profile trial, warning them they would become "the most hated men in America" if they refused. Musk alleges OpenAI violated its non-profit mission and misused funds, claims OpenAI calls baseless. OpenAI's legal team argues Musk's aggressive texts show he aims to harm a competitor rather than seek justice. Musk testified for three days, expressing regret over trusting Altman, while the court scrutinizes his motives in the ongoing lawsuit.
Last week, major tech stocks like Alphabet and Tesla saw sharp declines due to their negative free cash flow, driven by massive capital expenditures on AI. This shift from earnings to free cash flow focus signals a market turning point and raises con...
Tesla reported record revenues and vehicle deliveries in Q2, showing strong top-line growth across automotive, energy, and services sectors. However, earnings remain under pressure due to increased operating expenses and capital expenditures. The com...
The S&P 500 remains close to its all-time high, down only 2.7% despite recent declines. Last week, energy and commodities stocks led gains, while tech and growth stocks, including Tesla, faced heavy selling pressure. Tesla's shares fell 18% after its...
Tesla's recent profit largely depends on gains from Elon Musk's other company, SpaceX, rather than its core business, which showed a weak 1.4% operating margin on $28.2 billion revenue. Despite a quadrupling of Texas registrations for Tesla's autonom...
US stocks face pressure from rising oil prices, new tariffs, and higher Treasury yields, causing volatility and weak tech sector performance. The Dow Jones remains bullish above 50,000 with a potential rally to 55,000 if it breaks 52,500, supported b...
