SpaceX announced plans to build natural gas power plants and large battery arrays to supply electricity for its new Terafab semiconductor factory in Texas, without using solar power despite Tesla's involvement. The factory, costing an estimated $16.8 billion in its initial phase, aims to produce chips for SpaceX and its AI subsidiary xAI. This move aligns with Elon Musk's recent focus on natural gas, as seen in other projects like xAI data centers and recent acquisitions. The project benefits from significant tax abatements and incentives from Texas, reflecting the state's growing role in 'bring your own power' data centers amid rising natural gas power plant costs and environmental concerns.
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...
Tesla's stock dropped more than 7% following a disappointing Cybercab launch that lacked key details like pricing and order mechanisms. Analyst Gordon Johnson from GLJ Research reiterated a 'Sell' rating and set a 12-month price target near $24, impl...
Tesla held a low-key event to introduce its Cybercab, a fully autonomous vehicle relying solely on cameras and AI, aiming to be more affordable than competitors like Waymo. Key details include restrictions on children under 13 riding in the Cybercab,...
The Schwab U.S. Large-Cap Growth ETF (SCHG) heavily concentrates its portfolio in just three tech giants—NVIDIA, Apple, and Microsoft—making up nearly a third of its holdings. Despite being marketed as a diversified large-cap growth fund, this concen...
Tesla launched its Cybercab, a vehicle without a steering wheel or pedals, by self-certifying its legality without prior regulator approval. The National Highway Traffic Safety Administration (NHTSA) has opened an audit to examine Tesla's certificati...
