Tesla shares dropped 18% this week, marking their worst weekly decline since 2022, following weaker-than-expected Q2 earnings and negative cash flow due to heavy spending on new projects. SpaceX shares fell about 7%, continuing a downward trend since its IPO, as the company postponed the test flight of its Starship V3 rocket due to weather and technical issues. These declines erased roughly $130 billion from Elon Musk's net worth, weeks after he briefly became the world's first trillionaire. The Starship V3 launch is crucial for SpaceX's plans to expand its Starlink network and support future moon and Mars missions.
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...
Michael Burry, famed for predicting the 2008 crash, has updated his portfolio with Lululemon Athletica as his largest holding, making up about 17% of his investments. Despite this confidence, Lululemon's stock dropped 12% after disappointing quarterl...
An Anthropic safety researcher stated there is more than a 10% chance that AI could kill all humans within the next decade, highlighting serious concerns about AI safety and control. Another Anthropic employee resigned, accusing AI labs like Anthropi...
A viral video shows a man repeatedly jumping in front of a Tesla Cybercab, causing it to brake suddenly multiple times. This raises concerns about the vulnerability of Tesla's new fully autonomous robotaxis, which lack steering wheels and manual cont...
