Tesla's stock is dipping as investors react to a profit drop, but the company is in a capital-intensive build phase for AI infrastructure needed for Full Self-Driving and Optimus, according to the ana…
Elon Musk, CEO of Tesla, claimed in an interview with The Economist that AI will exceed human intelligence in five years and that humans will no longer be in charge of the world in 10 years, insisting…
Wall Street fell sharply on Thursday, with the Nasdaq sinking more than 2%, as earnings from Alphabet and Tesla revived concerns about heavy AI spending, while Brent crude oil futures settled above US…
Elon Musk is building a domestic chip factory called Terafab in Texas through a joint venture between Tesla and SpaceX, aiming to break U.S. dependence on foreign semiconductor suppliers without gover…
Elon Musk told investors on Tesla's Q2 earnings call that the Optimus humanoid robot will be the hardest product Tesla has ever scaled, warning that it has no existing supply chain and every component…
Tesla shares plunged 14% and Alphabet fell 6% on Wednesday after both companies reported second-quarter earnings that beat revenue estimates but revealed surging AI capital expenditure plans that push…
Elon Musk thanked Samsung, TSMC, and Micron during Tesla's Q2 earnings call on Wednesday, highlighting the critical role of memory chips in the AI boom. The rapid construction of AI data centers has c…
Elon Musk said frontier AI models should face peer review from rival labs before release, with government intervention only as a last resort, during an interview with the Economist editor-in-chief pub…
Alphabet reported Q2 2026 revenues of $119.80 billion, beating the $116.93 billion estimate, but missed on adjusted EPS at $2.85 versus $2.89 expected. Shares fell nearly 7% as Google Cloud revenue ro…
Shares of Alphabet and Tesla plunged Thursday after both tech giants announced massive increases in artificial intelligence spending, with Tesla falling 10% and Alphabet sinking over 5%. Alphabet rais…
Tesla and Alphabet shares plunged on Thursday after both companies unveiled massive capital expenditure plans for AI projects, with Tesla stock falling 15% and Alphabet dropping 8%. Tesla raised its 2…
Micron Technology secured a significant memory chip allocation for Tesla, CEO Elon Musk revealed during Tesla's Q2 2026 earnings call on July 22, calling the terms 'reasonable.' Micron's stock rose ro…
Tesla reported second-quarter net income of $1.11 billion, down from $1.17 billion a year ago, as R&D spending surged 49% to $2.37 billion, while revenue jumped 26% to $28.24 billion, beating Wall Str…
Tesla posted its first annual revenue decline in 2025, with revenue falling approximately 3% year-over-year to around $94.83 billion, as CEO Elon Musk pivots resources toward robotaxis, humanoid robot…
Tesla shares plunged over 13% Thursday morning after the company reported dismal second-quarter results, with gross profits dropping as AI-related capital expenses and R&D costs climbed faster than re…
Elon Musk thanked Micron on Tesla's quarterly call for a significant memory allocation on reasonable terms, but Tesla and SpaceX are jointly building Terafab, a chip fab at Giga Texas that could cost …
US stocks fell Thursday as Alphabet and Tesla shares dropped after both companies reported negative cash flow alongside massive AI investments, according to Northwestern Mutual Wealth Management Compa…
Tesla shares fell 11% after the company reported Q2 revenue of $28.24 billion, beating estimates of $26.3 billion, but adjusted EPS of $0.33 missed the $0.50 consensus. CEO Elon Musk tempered expectat…
Tesla delivered a record 480,126 vehicles and generated $28.24 billion in revenue in Q2, up 26% year-on-year, but operating income plunged 57% to $398 million as R&D spending on AI jumped 49% to $2.37…
Tesla shares fell 6.1% in after-hours trading on Wednesday after the EV maker's Q2 earnings per share dropped to $0.33 from $0.51 a year earlier, causing Elon Musk's net worth to fall $44.3 billion to…