SpaceX purchased $295 million worth of Tesla Megapack battery storage devices in Q2 and $329 million so far this year, as reported in its earnings. These batteries are likely used at SpaceX's AI data centers, especially after SpaceX acquired Elon Musk's AI company xAI, which had previously bought $430 million in Megapacks. The batteries help manage power demand spikes in AI data centers, reducing costs and ensuring consistent operation. This move highlights the close integration of Elon Musk's companies and their focus on advanced energy solutions for AI infrastructure.
Tesla reported record vehicle deliveries and 25% revenue growth in Q2 2026 but missed earnings estimates by nearly 40% and burned over $1 billion in free cash flow due to heavy investment in AI and robotics. The company is pivoting from an automaker ...
Elon Musk's Tesla and SpaceX are both pursuing leadership in AI but with very different approaches. Tesla focuses on AI-powered robotics and autonomous vehicles, investing heavily in chip production and Robotaxi expansion, though it currently faces n...
Tesla is promoting itself as an AI company with projects like Robotaxi and Optimus robots, but its financials tell a different story. The company reported a 56.88% drop in operating income and negative free cash flow due to soaring capital expenditur...
Tesla historically posts strong gains in calendar week 37, averaging a 4.5% rise over 15 years, outperforming major tech peers. This comes after a recent 6% drop following its Cybercab robotaxi event, which faced negative investor reaction and a safe...
Tesla's stock fell 6% following a Cybercab update event that failed to excite investors. The Cybercab, a driverless robotaxi in production since April, was showcased in a private event without CEO Elon Musk. The National Highway Traffic Safety Admini...
