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.
A viral video shows a man repeatedly jumping in front of a Tesla Cybercab, causing it to brake suddenly multiple times. This raises concerns about the vulnerability of Tesla's new fully autonomous robotaxis, which lack steering wheels and manual cont...
Tesla's stock rose 4% following Slovenia's approval of its Full Self-Driving system and the launch of the Cybercab, a vehicle designed for autonomous ride-hailing. This progress threatens Uber, whose shares fell 4%, despite strong Q2 2026 results sho...
Intel's stock surged nearly 20% recently, prompting Northland Securities analyst Gus Richard to upgrade it from 'Market Perform' to 'Outperform' with a $120 price target. The upgrade is driven by Intel's strong pricing power, major capital investment...
Daniel Schreiber, CEO of Lemonade, highlights that about two-thirds of U.S. drivers pay more than they should because they drive less than average and end up subsidizing the highest-mileage third. Lemonade uses telematics and machine learning to pric...
Tesla's retail sales in China fell 12.4% in August to 50,047 units, marking its weakest August since 2022 amid a broader 24% decline in China's EV market. While exports from its Shanghai factory rose, the overall weak demand in China and sluggish US ...
