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 labor market and influence Federal Reserve policy expectations. Meanwhile, AI-related tech companies like Dell and Broadcom are reporting earnings, highlighting strong demand but raising concerns about the high costs of AI infrastructure investment. Apple's leadership change also draws attention as investors look for clues on its future product and AI strategies. The outcomes of these events will shape market sentiment and policy outlook for September.
Tesla has obtained $30 billion in new credit facilities from Citibank and Wells Fargo to support scaling production of its Cybercab robotaxi, Optimus robot, and Tesla Semi truck. The funds include a $20 billion three-year loan and $10 billion in revo...
Tesla aims to produce 20,000 Optimus humanoid robots per week, but the intricate assembly of the robot's hand, which contains over 100 small parts and requires advanced dexterity, is causing significant production delays. Currently, Tesla produces se...
Tesla has postponed the unveiling of its redesigned second-generation Roadster from October 1 to October 15 because of severe weather predictions in Waco, Texas. The event must be held outdoors, partly due to the integration of SpaceX cold gas thrust...
Cantor Fitzgerald maintains an 'Overweight' rating on Tesla with a $485 price target, citing strong progress in Semi truck production and autonomous driving. Tesla is producing up to 1,000 Semi trucks weekly, though they remain a small part of total ...
Geely Holding Group has acquired a 30% stake in Nio Power, the battery swapping and charging unit of Nio, valuing the business at about RMB16 billion. This investment marks a significant external validation of Nio's battery swapping network, a key as...
