OpenAI President Greg Brockman concluded his testimony in the ongoing Musk vs. Altman trial by disputing Elon Musk's version of OpenAI's early days and corporate structure. Brockman emphasized that OpenAI remains a nonprofit and revealed that Musk had OpenAI employees secretly work on Tesla's self-driving technology in 2017. The trial centers on Musk's lawsuit accusing OpenAI leaders of breaking their nonprofit vow, with Musk also alleging attempts to "steal a charity." Brockman described Musk as a polarizing figure who was often unavailable, and recounted a heated boardroom incident where Musk reacted angrily to equity negotiations. The trial will continue with further testimonies soon.
Investment manager Gary Black warns Tesla investors against betting on a future SpaceX acquisition, citing significant dilution risks for SpaceX shareholders and lack of financial sense in such a deal. He advises focusing on Tesla's core strengths li...
SpaceX has lost over $1.2 trillion in market value since its peak in June, mirroring a decline in Tesla shares. The stock has fallen for 13 of the last 16 sessions, closing at $113.50 on Monday. Despite heavy trading in puts, some large trades indica...
Tesla's Q2 2026 earnings revealed worsening profit margins and increased spending on research and capital expenditures, causing a sharp 16.3% drop in its stock price. Management indicated plans for significant capital investment in the coming years, ...
Amazon has applied for a license to operate a network of 5,105 satellites aimed at providing mobile phone services, with launches expected to begin in 2028. This follows Amazon's acquisition of Globalstar's satellite operations and aims to expand sat...
Last week, major tech stocks like Alphabet and Tesla saw sharp declines due to their negative free cash flow, driven by massive capital expenditures on AI. This shift from earnings to free cash flow focus signals a market turning point and raises con...
