Elon Musk and Nvidia CEO Jensen Huang were the only two executives aboard Air Force One with President Trump on a China-focused business trip, highlighting Musk's regained political influence despite past tensions. Tesla's significant reliance on China for manufacturing and sales, amid rising local competition, makes Musk's close ties to the Trump administration crucial for navigating geopolitical and market challenges. This move signals a strategic alliance aimed at balancing U.S. interests with Tesla's commercial needs in China, underscoring Musk's role as a key player in U.S.-China economic diplomacy.
Elon Musk introduced Terafab, a project aiming to produce 1 terawatt of AI computing power annually, marking a shift toward orbital AI infrastructure. Intel joined as a key manufacturing partner, boosting its stock significantly. Meanwhile, Jeff Bezo...
Ford's stock surged 8% to around $14.60 following strong Q1 earnings with EPS of $0.66 and raised full-year EBIT guidance to $8.5-$10.5 billion. The rally marks a sharp turnaround as Ford leads year-to-date gains in the auto sector, outperforming pee...
Tesla CEO Elon Musk and NVIDIA CEO Jensen Huang joined President Trump's delegation to Beijing on Air Force One, highlighting their companies' critical roles in US-China tech relations. Huang's presence followed a year of lobbying to ease AI chip exp...
Tesla's stock surged nearly 30% from early April to mid-May, nearly erasing previous losses and aligning with the S&P 500's performance. Despite this momentum, Tesla remains flat year-to-date and faces structural challenges including declining sales,...
At the Trump-Xi summit, key discussions centered on U.S. tech companies' access to the Chinese market and China's control over critical minerals. U.S. President Trump emphasized opening China to American businesses as a top priority, while China expr...
