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News
JPMorgan notes Tesla to capture nearly all robotaxi revenue
1+ day, 3+ hour ago (416+ words) The bank's latest analysis projects $320 billion in robotaxi revenue by 2035, with Tesla owning the fleet rather than sharing the wealth with individual car owners. Tesla logo (public domain) via Wikimedia Commons The bank upgraded Tesla from “underweight” to “neutral” in…...
Volkswagen's board backs CEO Oliver Blume's plan to cut 50,000 jobs
1+ week, 3+ day ago (369+ words) The supervisory board unanimously approved a sweeping overhaul that could eliminate 100,000 positions by 2030 and halve the automaker's model lineup Volkswagen just got the green light to become a much leaner company. The automaker’s supervisory board unanimously approved CEO Oliver Blume’s…...
China's oil demand decline leads to first emissions cut driven by fuel consumption
1+ week, 4+ day ago (468+ words) A 9% drop in oil consumption pushed China's CO2 emissions down 1% in Q2 2026, marking the first time oil reductions rather than coal cuts drove the decline. For years, every dip in China’s carbon emissions came from burning less coal. That pattern just broke....
Waymo seeks over $3B in unrated debt from PIMCO, Blackstone, and Sixth Street in first-ever debt deal
1+ week, 4+ day ago (285+ words) Alphabet's robotaxi unit is tapping private credit markets at a steep premium despite a $126B valuation, signaling a new phase in autonomous vehicle financing The expected pricing tells a story all by itself: more than 500 basis points above the benchmark rate....
China orders massive recall of Tesla and other vehicles over safety concerns
2+ week, 5+ day ago (349+ words) Roughly 4.3 million vehicles from nine automakers are affected, with Tesla accounting for nearly 3 million units due to door handle entrapment risks. China’s State Administration for Market Regulation just told nine automakers to recall approximately 4.3 million vehicles over safety defects, with…...
Elon Musk names Bitcoin as his largest holding outside Tesla and SpaceX
3+ week, 3+ day ago (309+ words) The billionaire's renewed public endorsement comes as his two companies collectively hold over 30,000 BTC on their balance sheets Elon Musk has declared that Bitcoin is his biggest personal holding outside of his stakes in Tesla and SpaceX. During The B…...
Alibaba reports 75% profit drop amid increased AI spending
3+ week, 4+ day ago (310+ words) Revenue grew 9% to nearly $40B, but the Chinese tech giant's net income cratered as its AI infrastructure bet weighs heavily on the bottom line. Alibaba just posted a quarter that perfectly captures the tension at the heart of Big Tech right…...
SpaceX burned $18.4 billion in capital spending last quarter, 2.4 times its own revenue
3+ week, 5+ day ago (271+ words) The newly public company's first earnings report revealed eye-popping AI infrastructure bets that dwarf even its impressive 92% revenue growth. SpaceX just dropped its first-ever quarterly earnings report as a public company, and the numbers tell two very different stories depending…...
Investment firms build billions in exposure to SpaceX ahead of landmark IPO
4+ week, 5+ hour ago (376+ words) From Baron Capital's $2 billion bet to Founders Fund's $50 billion windfall, early investors in Elon Musk's rocket company are cashing in on one of the most lucrative private market plays in history. SpaceX went public in June 2026 at $135 per share, landing…...
Elon Musk faces stock sale restrictions until June 2027 as 6 billion shares loom over SpaceX market
4+ week, 1+ day ago (414+ words) SpaceX's staggered lockup schedule is already rattling investors, and the biggest unlock event hasn't even arrived yet SpaceX went public as SPCX in June 2026, and the stock market immediately started doing what it does best: worrying about what comes next....