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Tesla expands robotaxi service to Orlando, Tampa ahead of earnings
Reuters16d agoneutral
Tesla expands robotaxi service to Orlando, Tampa ahead of earnings

Tesla on Tuesday expanded its robotaxi service to Orlando and Tampa, as ‌the electric-vehicle maker races to prove that ‌it can scale its autonomous ride-hailing business beyond its initial ​launch markets. The move comes a day before Tesla reports second-quarter earnings, with Wall Street closely watching the progress on robotaxis, which underpin much of the company's ‌valuation as CEO ⁠Elon Musk shifts focus toward artificial intelligence, autonomous driving and humanoid robots. Tesla launched its ⁠robotaxi service in Austin in June last year and expanded to Dallas and Houston earlier this year ​and ​Miami this month.

This Week In Energy Transition - SunPower Leads Renewable Shift With Major Solar Project
Simply Wall St.16d agoneutral
This Week In Energy Transition - SunPower Leads Renewable Shift With Major Solar Project

SunPower Inc. has successfully completed a major solar project at the Millenium community in Palm Desert, California, furthering the energy transition towards renewable sources. This 977-kilowatt solar system will annually generate over 1.6 million kWh of clean energy, showcasing the increasing adoption of sustainable infrastructure in residential communities. SunPower's achievement in this project, supported by a high Net Promoter Score (NPS) of 90, underscores the growing momentum and...

Tesla cash burn to test investor faith in AI bets
Reuters16d agoneutral
Tesla cash burn to test investor faith in AI bets

Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets ‌will pay off. CEO Elon Musk has pivoted the electric-vehicle maker's focus from manufacturing cars to building so-called physical AI businesses ‌such as self-driving taxis and humanoid robots. However, investors are growing increasingly uneasy as spending on AI infrastructure, including data centers, and ​manufacturing capacity is projected to climb to $25 billion this year, outstripping quarterly cash generated by Tesla's core automotive and energy operations.

Tesla (TSLA) Tests Semi On Chicago Routes As Fair Value Debate Heats Up
Simply Wall St.16d agoneutral
Tesla (TSLA) Tests Semi On Chicago Routes As Fair Value Debate Heats Up

Paper Transport LLC’s new partnership with Tesla (TSLA) to test the Tesla Semi Long Range on fixed Chicago routes gives investors a fresh, real world data point on the company’s battery electric freight ambitions. See our latest analysis for Tesla. Tesla’s share price has recently been under pressure, with a 1 day share price return of 2.96% lower and the year to date share price return down 15.64%, even as the 1 year total shareholder return of 12.51% and 5 year total shareholder return of...

Ahead of Tesla Earnings, Gary Black Says Cybercab Fleet Milestone Is 'Irrelevant' Until This Critical FSD Goal Is Achieved: 'Just for Show'
Benzinga16d agoneutral
Ahead of Tesla Earnings, Gary Black Says Cybercab Fleet Milestone Is 'Irrelevant' Until This Critical FSD Goal Is Achieved: 'Just for Show'

Tesla Inc.‘s (NASDAQ:TSLA) Cybercab fleet expansion does not impress investor Gary Black of The Future Fund LLC, who says that any expansion would not amount to much unless true autonomy is achieved. Cybercab Irrelevant to Investors In a response to user @CuriousPejjy, who talked about the recent sighting of over 245 Cybercab units at the company’s Giga Texas facility, Black said that the number of “cybercabs parked at Giga Texas is irrelevant to investors” as long as the vehicles could not auto

Asia stocks up as chip stocks recover, oil eases
AFP16d agoneutral
Asia stocks up as chip stocks recover, oil eases

Asian stocks mostly rebounded after days of losses on Tuesday led by technology shares, while oil prices eased slightly even as Iran said it had struck hit US military targets in Bahrain and Kuwait.Iran's Revolutionary Guards said on Tuesday they hit US military targets including air defence systems in Bahrain and Kuwait, state news agency IRNA reported.

Elon Musk just got a new rival on three fronts
TheStreet16d agoneutral
Elon Musk just got a new rival on three fronts

Every dominant company eventually meets the competitor it decided not to take seriously. The pattern is boring by now. The incumbent has the brand, the cash and the head start, so the upstart gets filed under interesting rather than dangerous, right up until the quarter it stops being either. Elon ...

US stocks edge down with Iran and earnings season in focus
Reuters Videos16d agoneutralVIDEO
US stocks edge down with Iran and earnings season in focus

<body><p>STORY: Stocks started the week on a down note, with the Dow falling about six tenths of one percent, while the S&P 500 dropped two tenths and the Nasdaq ended basically flat.</p><p>:: Archive</p><p>Investors looked for moves toward de-escalation in the Middle East&nbsp;while they waited for earnings reports due from major technology companies later in the week.</p><p>Melissa Brown, managing director of investment decision research at SimCorp, says the technology firms will have to post significant earnings growth to maintain their lofty trading levels.&nbsp;</p><p>“Every company, whether it's Google or Tesla, obviously they have very different business models and different drivers of their business. But overall, I think to justify the high valuations that we see in a lot of those names, we would need to see good earnings growth, not just kind of your run-of-the-mill 10%, but you'd want to see higher earnings growth on top of good margins as well. So, we want the businesses to be profitable and growing.”</p><p>:: Archive</p><p>Meanwhile, Yemen's Iran-aligned Houthis said on Monday that they were imposing a naval blockade on Saudi Arabia, opening a new front in the U.S.-Iran war and widening the threat to global energy supplies and trade beyond the Gulf.&nbsp;</p><p>But a senior Iranian official told Reuters that mediators have passed Iran a proposal to de-escalate the war with the U.S. that would offer a 10-day ceasefire to find ways to revive an interim deal reached last month.</p><p>Stocks on the move included Paramount Skydance which lost two percent and Warner Brothers Discovery which slipped almost four percent after a judge halted their $110 billion merger temporarily as a coalition of states argued it would irreparably harm competition.</p><p>And shares of Domino’s Pizza gained two percent after the chain’s quarterly revenue edged past Wall Street estimates.</p></body>