UBS raised Tesla's price target to $364, noting the company's shift toward becoming a 'physical AI company' with increased investments in AI, robotics, and manufacturing infrastructure. Tesla raised its 2026 capital expenditure forecast from $20 billion to $25 billion, expecting to remain free-cash-flow negative through 2026 due to these investments. CEO Elon Musk tempered expectations on AI commercialization, indicating slow ramp-up for Optimus robots and delayed revenue from unsupervised Full Self-Driving and robotaxis. Despite near-term financial challenges, Tesla continues progress in AI software and infrastructure, including Cortex 2 AI compute rollout and expansion of robotaxi operations.
Elon Musk's Boring Company secured $3 billion in funding at a $23 billion valuation, led by investors from the UAE where it plans to build over 150 kilometers of tunnels, including the Dubai Loop. The company currently operates one public tunnel in L...
Baron Partners Fund achieved a strong 16.61% gain in the second quarter of 2026, driven by top contributors like Space Exploration Technologies (SpaceX), Tesla, Red Rock Resorts, Hyatt Hotels, and Birkenstock Holding. Key detractors included CoStar G...
Tesla has introduced its new Cybercab robotaxi in Austin, featuring a camera-only system and no steering wheel, signaling a major move toward AI-driven transportation. This cost-effective and scalable model could disrupt the $1.4 trillion robotaxi ma...
Ford's ambitious $30 billion plan to dominate the electric vehicle (EV) market has failed dramatically, with sales of key models like the F-150 Lightning and Mustang Mach-E plummeting by over 60-90%. In response, Ford is shifting strategy to produce ...
Space Exploration Technologies (SpaceX) successfully completed the largest initial public offering in history, raising over $85 billion. This massive capital raise highlights strong confidence in the company's growth plans and reinforces Tesla's posi...
