Tesla, SpaceX, and Meta are experiencing early pre-market declines due to geopolitical risks from the Middle East conflict and cautious investor sentiment ahead of earnings reports. Tesla is nearing a key support level at $383 before its earnings next Wednesday. SpaceX continues a sharp decline with no clear bottom yet, awaiting earnings guidance on August 6. Meta is pulling back from resistance near $690, testing its 200-day EMA at $632, with earnings due on July 29. These movements reflect broader market uncertainty and risk aversion in tech stocks.
A proposed tax policy in Washington aims to index capital gains to inflation, potentially reducing Elon Musk's future tax bill on his roughly 700 million Tesla shares by hundreds of millions to billions of dollars. The change would mainly affect Musk...
Elon Musk announced at a SpaceX meeting that AI revenue is projected to exceed all other space-related revenue by September 2026, marking a major shift from the company's traditional focus on rockets, satellites, and Starlink. This signals SpaceX's t...
Tesla's Q2 2026 report showed strong vehicle deliveries and revenue growth but missed earnings estimates due to high spending on AI, robotaxis, and software development. Meanwhile, BYD continues steady growth through vertical integration and volume, ...
Tesla is set to build a $10.1 billion solar panel factory near Houston, Texas, called Project Crystal Sun. The factory aims to create around 9,700 full-time jobs and start production by 2029. Tesla has applied for tax incentives and is considering ot...
In July, Tesla's sales in China remained robust with 93,579 units sold locally and 66,330 units exported from its Shanghai plant, despite a 3.9% drop in overall EV sales in the country. This contrasts with a 20.9% decline in total passenger car sales...
