Tesla delivered a record 480,126 vehicles and generated $28.24 billion in revenue but missed earnings expectations with a non-GAAP EPS of $0.33, 38.51% below forecasts. The company faced financial pressures including a negative free cash flow of $1.09 billion and a reduced operating margin of 1.4%, mainly due to increased spending on AI and research. Despite a 26.94% year-to-date stock decline, Roth Capital upgraded Tesla's rating to Buy, signaling potential investor confidence amid mixed quarterly results and ongoing AI expansion. Tesla remains a major player in electric vehicles and AI, competing with traditional automakers and tech firms.
Tesla began offering rides in its new two-seat Cybercab in Austin, Texas, marking its first vehicle designed solely for autonomous driving without manual controls. The launch event was low-key, with no live footage or executive speeches, and the vehi...
Tesla has opened interest for businesses to buy Cybercab fleets or support infrastructure for its robotaxi network, indicating a move beyond running the service solely in-house. This marks a shift from Elon Musk's original vision of individual Tesla ...
Elon Musk announced that Tesla plans to create over 30,000 high-paying jobs in Austin by 2028 to build humanoid robots and Robotaxis, even as he predicts that within 10 years, a billion robots will outproduce all humans combined. This reflects Tesla'...
Tesla has deployed dozens of self-driving Cybercabs without steering wheels or brake pedals on Austin streets, betting on public acceptance of fully autonomous rides. This rollout marks a step toward expanding the service to other cities, despite Tes...
A trader placed a $10 million bet via options that SpaceX's stock will rise back above $175 by January 2028, a price level the stock hasn't reached since June. This bullish wager involves selling in-the-money puts, profiting if the stock stays above ...
