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.
Roundhill Investments has launched the Roundhill Magnificent Seven Plus ETF (MAGP), the first ETF to include the original Magnificent Seven tech giants alongside Anthropic, OpenAI, SpaceX, and Broadcom. This ETF offers investors exposure to leading A...
Nvidia's board is considering removing Jensen Huang, the company's co-founder and longtime CEO, amid personal controversies. Huang's potential departure has sparked speculation about him partnering with Elon Musk on Terafab, a massive chip manufactur...
Porsche CEO Michael Leiters criticized Tesla's recent flying Roadster demo as a gimmick, emphasizing Porsche's focus on tangible technology innovations instead. Leiters highlighted Porsche's Mission S concept, a high-end sports car expected to cost m...
Baron First Principles ETF declined 3.99% in Q3, underperforming the Russell 3000 Growth Index due to worries over increased capital spending on AI chips and uncertain returns. Key holdings like SpaceX and Tesla saw share drops, while software compan...
