SpaceX plans a historic IPO aiming to raise $75 billion by selling 555.6 million shares at $135 each, valuing the company at $1.77 trillion. This would make it the seventh most valuable U.S. company, surpassing Tesla. Former Tesla board member Steve Westly highlighted the challenge in pricing the IPO due to SpaceX's diverse businesses, including its profitable Starlink internet service and the recently merged xAI. Westly also suggested that SpaceX needs success in at least two of its three major ventures to justify its valuation and indicated a potential future merger with Tesla is "absolutely likely," despite expected governance challenges.
The National Transportation Safety Board (NTSB) reported that a Tesla driver pressed the accelerator pedal to 100%, overriding the Full Self-Driving (FSD) software, before crashing into a house in Katy, Texas, killing a resident. The Tesla was travel...
Google has announced its biggest solar power and battery storage purchase, investing in a project in Arkansas that will generate enough electricity to meet about 6% of the state's peak demand. The project, developed with Cypress Creek Energy, will ad...
Deutsche Bank reaffirmed its Buy rating on Tesla stock, setting a 12-month price target of $465, implying a 17% upside. The bank highlighted Tesla's long-term growth potential driven by autonomy, robotics, and AI, despite expecting Q2 earnings per sh...
The global hybrid robots market is projected to grow from $5.68 billion in 2026 to $10.03 billion by 2030, with a CAGR of 15.3%. Growth is fueled by advances in AI, autonomous operations, and smart manufacturing, alongside rising demand for robots in...
Tesla reported record vehicle deliveries in Q2 2026, but demand quality is weakening due to heavy discounts and lower average selling prices. Despite strong revenue growth, Tesla is expected to have negative free cash flow in 2026–2027 as capital spe...
