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.
Tesla shares rose 4% following Elon Musk's endorsement of a potential merger between Tesla and SpaceX, though he emphasized that independent committees must approve any deal and no agreement is guaranteed. The merger idea adds a premium to Tesla stoc...
Waymo has started offering autonomous vehicle rides at Harry Reid International Airport in Las Vegas, marking its sixth major airport service. Pickups and dropoffs occur at dedicated zones in Terminals 1 and 3. Initially, rides will be limited to a f...
Tesla shares have dropped over 21% this year but show potential growth due to expanding Robotaxi miles, record vehicle deliveries, and new product launches like Cybercab and Optimus. A $10,000 investment in Tesla is projected to be worth about $14,29...
Larry Ellison, co-founder of Oracle, pledged shares of Tesla and SpaceX as collateral to borrow funds for his son David Ellison's acquisition of Warner Bros. Discovery. The pledged shares include a significant portion of Ellison's Oracle holdings, wh...
SpaceX and Tesla have each established special committees composed of independent directors to review a potential merger, initiated at the request of shareholders. Elon Musk, CEO and major shareholder of both companies, supports the idea but notes it...
