Tesla announced it has built its 10 millionth electric vehicle, marking a major milestone toward CEO Elon Musk's goal of producing 20 million vehicles by 2035. This achievement fulfills half of the production target tied to Musk's $1 trillion pay package. Despite strong growth from models like the Model 3 and Model Y, Tesla has yet to sell 2 million vehicles in a single year, suggesting it may reach 20 million vehicles only in the early 2030s. The company faces challenges including declining U.S. sales and rising costs, but remains ahead of competitors like Rivian and Lucid Motors. Tesla is also progressing on other goals like Full Self-Driving subscriptions but is still early in developing robots and robotaxis.
Elon Musk expressed support for a merger between Tesla and SpaceX, calling it a good idea, but highlighted the challenge of securing a 50% vote from all Tesla shareholders, which translates to about 1.98 billion votes. The merger would face a high vo...
Stellantis shares surged 10% after reaffirming its 2026 guidance and accelerating cost-saving measures, with Q3 revenues up 1% and a narrowed net loss. The company’s adjusted operating income and margin improved, driven by North American profits and ...
SpaceX currently holds $93.5 billion in cash and cash equivalents, about six times more than Tesla's $15.2 billion. Including short-term investments, SpaceX's total liquidity is around $100 billion, roughly 2.3 times Tesla's $43.5 billion. This posit...
Tesla's stock price rose above $400 for the first time since July, driven by speculation of a potential merger with SpaceX, although no formal agreement has been signed. The merger talks involve special committees from both companies, but approval re...
Tesla's stock gained over 9% recently due to rumors of a potential merger with SpaceX, overshadowing weak business results like a 55.79% drop in operating income and flat revenue. The stock trades near Wall Street's average target price, driven more ...
