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Energy Transition Update - SunPower Advances Amid Solar Industry Challenges
Simply Wall St.8d agoneutral
Energy Transition Update - SunPower Advances Amid Solar Industry Challenges

SunPower Inc., a key player in the solar technology industry, reported a significant operational update as it works to navigate challenges in its energy transition journey. Despite experiencing a notable revenue drop in Q2’26 due to operational delays in its Direct Division, the company remains steadfast in prioritizing quality control to assure successful project execution. SunPower has undertaken structural adjustments, including cost reductions and management changes, to bolster future...

Bloomberg8d agobullish
Tesla to Buy Power From KKR-Backed Arizona Solar, Battery Plant

(Bloomberg) -- Tesla Inc. struck a long-term deal to buy electricity from a KKR & Co.-backed solar and battery project in Arizona, developer ContourGlobal said. Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsDeepSeek Suspends Fundraising After Viral US-China PostsCitadel Securities Sees Warsh Delivering Surprise Fed HikeS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapThe firm will sell 90

Tech Weekly: Tesla under strain, Lockheed innovates drone fighter
Reuters Videos8d agoneutralVIDEO
Tech Weekly: Tesla under strain, Lockheed innovates drone fighter

<body><p>STORY: From Tesla feeling the strain to Lockheed Martin's new drone fighter... This is Tech Weekly.</p><p>:: Tech Weekly</p><p>Tesla missed analyst profit forecasts for the second quarter.</p><p>And Elon Musk's EV giant also reported negative free cash flow for the first time in more than two years.</p><p>It comes with Tesla accelerating its spend on infrastructure for its AI and robotics ambitions.</p><p>The automaker beat expectations with revenue of $28.2 billion.</p><p>But adjusted profit in the quarter was 33 cents per share, lower than analysts' expectation of 51 cents per share</p><p>Scientists from a U.S.-funded facility have prepared to launch the first outdoor tests of genetically modified screwworm flies, called Novofly.</p><p>It's part of efforts to develop a more effective weapon against the flesh-easting parasite, which has spread through Central America and into the U.S.</p><p>Alex Arp is a USDA research geneticist.</p><p>"Where instead of using pesticides to kill insects, we sterilize the insects, release a ton of them out into the environment, and those sterile matings result in no offspring. So, it's essentially birth control for insects. So, it's species-specific and it's pesticide-free insect control."</p><p>Apple's incoming CEO John Ternus said he's committed to building on the company's momentum in the entertainment business.</p><p>Ternus was speaking alongside current CEO Tim Cook at the LA premiere of Apple TV show 'Ted Lasso'.</p><p>"Yeah, I think we have such tremendous momentum right now at Apple TV. There are so many amazing shows, so many amazing characters and stories and so we're just going to keep building on that momentum."</p><p>Ternus is due to take charge at the iPhone maker in September.</p><p>And Lockheed Martin unveiled a counter-drone system at the Farnborough Airshow.</p><p>Lockheed said the reusable airborne device uses high-power microwave energy to disable groups of small unmanned aircraft.</p><p>The system is called MORFIUS X-Rotor and designed to fly towards hostile drones and bring them down with microwave pulses rather than destroy them with an explosive warhead.</p><p>It comes with Western militaries developing cheaper ways to defend troops and bases against drone swarms.</p></body>

Tesla sales rebound hides costly problem for investors
TheStreet9d agoneutral
Tesla sales rebound hides costly problem for investors

Tesla’s vehicle sales recovered in the second quarter, but negative free cash flow, declining margins and increasing AI spending present new threats for TSLA investors. Tesla (TSLA) finally gave investors the car comeback they’ve been waiting for. But the profits and cash flow never came. Revenue ...

Bloomberg9d agoneutral
Trump Touts Tariffs in Midterm Pitch to GM Workers in Michigan

(Bloomberg) -- President Donald Trump championed his economic agenda, including tariffs and the rolling back of environmental regulations, saying they had revived US auto manufacturing, during a visit to a General Motors Co. facility in the midterm battleground of Michigan.Most Read from BloombergDeepSeek Suspends Fundraising After Viral US-China PostsNvidia’s $750 Billion in Deals Reignite Circular AI FearsS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapChina Chipmaker CXMT Jumps 4

Ford Q2 Preview: Stock Outshines Tesla, GM in 2026 —  Can Earnings Fuel the Trend?
Benzinga9d agoneutral
Ford Q2 Preview: Stock Outshines Tesla, GM in 2026 — Can Earnings Fuel the Trend?

Automotive giant Ford Motor Company (NYSE:F) looks to keep momentum going when the company reports second-quarter financial results Tuesday after market close. Here are the earnings estimates, analyst ratings and key items to watch. Ford Q2 Earnings Estimates Analysts expect Ford to report second-quarter revenuer of $45.26 billion, down from $46.94 billion in last year’s second quarter, according to data from Benzinga Pro. The company has beaten analyst estimates for revenue in five straight qua

As Elon Musk Promises The Future, Tesla Stock Slides Into The Past
Investor's Business Daily9d agoneutral
As Elon Musk Promises The Future, Tesla Stock Slides Into The Past

Any investors hoping that Tesla stock might have turned over a new leaf by brushing off last week's losses were sorely disappointed on Monday. Tesla stock is now down about 5.5% over the last 12 months, according to MarketSurge. The stock fell almost 18% last week after investors did not like CEO Elon Musk's calls to be patient about the rollout of Tesla's robotaxis, Optimus robots and Full Self-Driving software.