Tesla stock rose 4% to $364.30 following a surge in crude oil prices to $86.06 per barrel due to renewed U.S.-Iran military tensions affecting shipping routes. Higher gasoline prices typically boost electric vehicle demand by making EVs more cost-effective to run, but Tesla's recent demand is linked more to product features like Full Self-Driving than fuel prices. While the oil price spike revives the EV running-cost argument, past episodes show this link can be short-lived. Investors should be cautious as the rally may reverse if geopolitical risks ease.
Tesla has announced a significant increase in its 2026 capital budget to $25 billion, with a major portion allocated to expanding production of its Optimus robots. This move highlights Tesla's commitment to advancing robotics technology alongside its...
Investors on Wall Street are focused on a busy week featuring the August jobs report, key technology earnings, and a Tesla event. The jobs report, expected to show modest job growth and stable unemployment, will be a critical indicator of the US labo...
OpenAI announced it will stop providing AI models to Cursor, a coding tool company recently acquired by SpaceX, owned by Elon Musk. This move intensifies the ongoing conflict between OpenAI CEO Sam Altman and Musk, who have clashed over control and t...
The August jobs report is crucial for the Federal Reserve's decision on a potential September rate hike, with strong labor data increasing the odds. Broadcom faces downside risk ahead of earnings due to high AI expectations, while Apple transitions t...
Meta is experimenting with robots in its data centers to automate tasks like swapping cables and rebooting servers, potentially replacing up to 80% of technician workloads. This move reflects a broader trend where AI and automation are cutting jobs i...
