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Elon Musk is 'in denial' that Tesla is just an EV company: Ross Gerber
Yahoo Finance Video15d agoneutralVIDEO
Elon Musk is 'in denial' that Tesla is just an EV company: Ross Gerber

EV maker Tesla (TSLA) released mixed second quarter results after Wednesday's close, reporting adjusted earnings of $0.33 per share (vs. estimates of $0.51) and revenue of $28.24 billion (vs. estimates of $26.32 billion). The stock is sliding in extended hours trading. Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber — longtime Tesla investor and Elon Musk critic — addresses Tesla's negative cash flow this quarter and how the company should just focus on its core EV business.

Google's Q2 earnings of $112.11B beat Wall Street's expectations on AI boom
Associated Press15d agobullish
Google's Q2 earnings of $112.11B beat Wall Street's expectations on AI boom

Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that it's massive artificial intelligence spending spree is paying off so far and advertising revenue is coming in strong. Google did not disclose an adjusted earnings figure that's comparable to analysts' expectations, which was $2.88 per share. Google saw a net gain of $98 billion, mainly as a result of gains on its equity investments — mostly in SpaceX, which went public in June.

Rocket Lab just landed a $266 million rocket deal
TheStreet15d agoneutral
Rocket Lab just landed a $266 million rocket deal

Rocket Lab built its name launching small rockets from a remote pad in New Zealand, a company founded by Peter Beck in 2006 with a fraction of the budget of its bigger rivals. Lately, its biggest headlines have come from a rocket that has not flown yet. Neutron, the medium lift vehicle designed to ...

Why Tesla's Earnings Matter for SpaceX Stock
Barrons.com15d agoneutral
Why Tesla's Earnings Matter for SpaceX Stock

Tesla and SpaceX, of course, are separate companies. What Elon Musk says on Tesla's Wednesday earnings conference call will move Tesla stock, but it could impact SpaceX shares, too. Tesla owns a small stake in SpaceX, which it acquired after SpaceX merged with xAI in February.

Bloomberg15d agoneutral
Wall Street Won’t Give Up on Saylor’s Strategy, Sees 170% Upside

(Bloomberg) -- Michael Saylor’s Strategy Inc. is confronting a collapse of confidence almost everywhere — except among Wall Street analysts. Most Read from BloombergTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to Companies, Echoing a 17th Century KingSpaceX Set to Unlock $116 Billion in Shares After IPO Restrictions LiftOpenAI Models Hacked Another Company’s Systems by MistakeDespite cut

SpaceX’s Latest Growth Opportunity Has Nothing to Do With Starship
Barrons.com15d agoneutral
SpaceX’s Latest Growth Opportunity Has Nothing to Do With Starship

SpaceX’s latest launch highlights another growth opportunity for the company, and it has nothing to do with Starship. On Tuesday, SpaceX launched hardware for Northrop Grumman’s mission to extend the life of satellites in orbit. Elon Musk’s rocket and AI company has lots of opportunities, from the mundane—launching satellites into space and providing space-based broadband business—to those straight out of sci-fi, like low-cost orbital data centers and travel to Mars.

What's the next catalyst for SpaceX stock ahead of its first earnings
Yahoo Finance Video15d agoneutralVIDEO
What's the next catalyst for SpaceX stock ahead of its first earnings

SpaceX (SPCX) stock is ebbing and flowing in Wednesday's session as Elon Musk's space venture struggles to claw back losses since sinking below its IPO price. The company has scheduled to release its first quarterly earnings results on Tuesday, August 4. Yahoo Finance Senior Transports Reporter Pras Subramanian sits down with Julie Hyman to talk more about SpaceX's stock moves and important dates for investors to know.

Elon Musk, Tesla and SpaceX face serious questions from investors
TheStreet15d agoneutral
Elon Musk, Tesla and SpaceX face serious questions from investors

Tesla runs its earnings Q&A through a platform called Say Technologies, where shareholders submit questions and vote them up based on how many shares they hold. The idea is that the most pressing investor concerns rise to the top, giving Musk and his team a clear read on what the market ...