Tesla delivered a record 480,126 vehicles in Q2 2026 but saw operating margins shrink to 1.4% due to a 47% rise in operating expenses linked to AI infrastructure and stock compensation. Meanwhile, SpaceX reported $7.81 billion revenue with its AI segment growing 247%, fueled by $15.83 billion AI-focused capital expenditure. Both companies rely on their shared Austin semiconductor fab, Terafab, but for different needs: Tesla for AI chips in vehicles and robots, SpaceX for satellite and AI compute hardware. The key upcoming factor is how wafer production at Terafab will be allocated between them, influencing Tesla's margin recovery and SpaceX's rapid AI growth.
SpaceX stock surged nearly 25% after its August 4 quarterly earnings report showed stronger-than-expected results, helping the stock recover from a 52% drop since its June IPO. The rally was also supported by SpaceX and Tesla's joint $17 billion inve...
Tesla reported Q2 revenue growth but saw operating income fall due to rising costs in AI and stock compensation, missing EPS expectations. Meanwhile, Ford's Q1 showed steady revenue growth driven by its profitable Ford Pro commercial unit, which rais...
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...
The global software-defined vehicle (SDV) market is forecasted to grow from $447.55 billion in 2026 to $1.7 trillion by 2035, at a 16% CAGR. Growth is fueled by advances in centralized vehicle computing, AI-enabled functions, over-the-air (OTA) updat...
Major tech stocks Tesla, Nvidia, and Amazon are set to open higher following a weaker-than-expected jobs report that has investors anticipating interest rate cuts. Tesla shows potential to fill a price gap near $340, while Nvidia benefits from recent...
