WattEV announced an order for 370 Tesla Semi Class 8 electric trucks, marking the largest electric truck deployment in California. The first 50 trucks will be delivered starting in 2026, with full fleet operation by the end of 2027. Supported by a partnership with the Port of Oakland, WattEV is also building a network of fast-charging stations across Northern and Central California to support this fleet, aiming for nationwide expansion. This move positions WattEV as a key player in the shift to cost-effective, electrified long-haul freight transport, leveraging lower energy costs and advanced logistics to challenge diesel economics.
SpaceX has lost over $1.2 trillion in market value since its peak in June, mirroring a decline in Tesla shares. The stock has fallen for 13 of the last 16 sessions, closing at $113.50 on Monday. Despite heavy trading in puts, some large trades indica...
Tesla's Q2 2026 earnings revealed worsening profit margins and increased spending on research and capital expenditures, causing a sharp 16.3% drop in its stock price. Management indicated plans for significant capital investment in the coming years, ...
Amazon has applied for a license to operate a network of 5,105 satellites aimed at providing mobile phone services, with launches expected to begin in 2028. This follows Amazon's acquisition of Globalstar's satellite operations and aims to expand sat...
Last week, major tech stocks like Alphabet and Tesla saw sharp declines due to their negative free cash flow, driven by massive capital expenditures on AI. This shift from earnings to free cash flow focus signals a market turning point and raises con...
Tesla reported record revenues and vehicle deliveries in Q2, showing strong top-line growth across automotive, energy, and services sectors. However, earnings remain under pressure due to increased operating expenses and capital expenditures. The com...
