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Musk Swaps 300 Million Tesla Options for Shares He Can Vote
The Wall Street Journal100d agoneutral
Musk Swaps 300 Million Tesla Options for Shares He Can Vote

Elon Musk boosted his voting power in Tesla to 20% by turning some of his stock options into shares that he can immediately vote but can’t sell until 2028. Fresh off last week’s SpaceX IPO, Musk made good on an April agreement with Tesla to convert outstanding options on roughly 300 million shares that he received from a 2018 pay package, securities filings show. The unusual transaction meant Musk didn’t walk away with more plain-vanilla Tesla shares.

Qualcomm eyes $10 billion AI shortcut as smartphone growth slows
TheStreet100d agoneutral
Qualcomm eyes $10 billion AI shortcut as smartphone growth slows

Qualcomm (QCOM) helped define the smartphone era. Now the chip giant is striving to prove it can play a far bigger role in the artificial intelligence boom. That may take a lot. Qualcomm is in talks to buy AI chip firm Tenstorrent in a transaction valued at $8 billion to $10 billion, according to ...

Sequoia’s Botha Joins SpaceX Board
The Wall Street Journal100d agoneutral
Sequoia’s Botha Joins SpaceX Board

Sequoia Capital’s Roelof Botha, who previously served as the firm’s top leader, has joined SpaceX as a director on its board. Botha will serve as an independent director, expanding the new public company’s board to nine people including Chief Executive Elon Musk and President Gwynne Shotwell.

Uber and Lucid team up to bring robotaxis to Houston
Yahoo Finance Video100d agoneutralVIDEO
Uber and Lucid team up to bring robotaxis to Houston

Yahoo Finance Senior Autos Reporter Pras Subramanian joins the show to discuss why Uber (UBER) and Lucid (LCID) chose Houston, Texas, as their next robotaxi market, what makes the city an attractive testing ground for autonomous ride-hailing and why there's so much riding on this launch for both companies.

Robotaxi rankings show Waymo lead, China's rise
Axios100d agoneutral
Robotaxi rankings show Waymo lead, China's rise

Waymo is the clear robotaxi leader, but if you thought Tesla and Zoox were close to catching up, think again — it's actually three Chinese companies, according to a new database shared first with Axios.

SpaceX (SPCX) Stock Gets A 1.6 Million Contract Options Debut
Simply Wall St.101d agoneutral
SpaceX (SPCX) Stock Gets A 1.6 Million Contract Options Debut

SpaceX, trading as NasdaqGS:SPCX, saw options on its stock launch within days of its IPO. Options trading on SPCX recorded over 1.6 million contracts on the first day. The debut ranked just behind Tesla and Nvidia for first day options volume. This early options listing is unusual for a newly public mega-cap company. SpaceX, listed as NasdaqGS:SPCX, sits at the center of commercial space launch, satellite deployment, and broader space infrastructure. The company operates in an industry...

Jim Cramer Remembers How He Was Criticized After Tesla, Inc. (TSLA)’s IPO
Insider Monkey101d agoneutral
Jim Cramer Remembers How He Was Criticized After Tesla, Inc. (TSLA)’s IPO

We recently published Jim Cramer Called SpaceX A Meme Stock & Discussed These 7 Stocks. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks discussed by Jim Cramer. Where there was SpaceX, there was Tesla, Inc. (NASDAQ:TSLA), as in this appearance, Cramer recalled the reactions he dealt with at the time of the car company’s IPO. […]

China’s Brutal Auto Price War Claims Its Biggest Victim Yet: BMW
Barrons.com101d agoneutral
China’s Brutal Auto Price War Claims Its Biggest Victim Yet: BMW

BMW stock fell on Wednesday, dragging down shares of other European auto makers after a shocking cut to guidance that boils down to a weakening Chinese auto market. Shares of the German car maker were down 7.8% in overseas trading. The drops came after BMW cut its 2026 automotive profit margin guidance to 1% to 3%, down from 4% to 6%.

Microsoft dips below 200-day moving average: Buy, hold, or sell?
Yahoo Finance Video101d agoneutralVIDEO
Microsoft dips below 200-day moving average: Buy, hold, or sell?

Opening Bid's Stock of the day: Microsoft has slipped below its 200-day moving average. Yahoo Finance Executive Editor Brian Sozzi is joined by Crossmark Global Investments Chief Market Strategist Victoria Fernandez and Yahoo Finance Markets & Data Editor Jared Blikre to break down what's driving the weakness in the tech giant and how to play it going forward.

Uber Robo-Taxis Move Step Closer as Self-Driving War Revs Up
Barrons.com101d agoneutral
Uber Robo-Taxis Move Step Closer as Self-Driving War Revs Up

On Wednesday, ride-hailing giant Uber EV maker Lucid and self-driving technology start-up Nuro announced plans to launch robo-taxis in Houston in 2027. Uber operates the network, Lucid builds the cars, and Nuro provides the autonomous driving technology. The move is yet another example that the long-promised era of driverless cars has arrived.

Why SpaceX Is Buying Cursor
Trefis101d agobullish
Why SpaceX Is Buying Cursor

SpaceX (SPCX) has agreed to acquire Cursor, the AI coding startup, for $60 billion in stock. The deal comes days after SpaceX's record-breaking Nasdaq debut and is expected to close in the third quarter, pending regulatory approval. Cursor makes a tool that helps developers write, edit, and review code using AI. It has over a million developers on the platform and crossed $1 billion in annualized revenue this past November. On paper, it looks like SpaceX is buying a popular app. The more interes

Tesla Defies Auto Industry Sales Slump, Goldman Raises Q2 Delivery Forecast
Investor's Business Daily101d agobearish
Tesla Defies Auto Industry Sales Slump, Goldman Raises Q2 Delivery Forecast

Goldman Sachs expects rising Tesla sales at a time when the broader auto industry is struggling. Goldman's forecast of 420,000 cars would be a 9.3% increase compared to Q2 2025, when Tesla delivered 384,122 vehicles. Sales growth of that level would buck current trends for both Tesla — which has had two years of declining sales — and the overall auto industry — with sales projected to slip 2.6% year over year for the quarter, according to Cox Automotive.

If BMW Is Having Trouble Turning a Profit…
Barrons.com101d agoneutral
If BMW Is Having Trouble Turning a Profit…

BMW stock fell Wednesday, dragging down shares of other European auto makers after a shocking cut to guidance that boils down to a weakening Chinese auto market. Shares of the German car maker were down 6.6% in overseas trading. The drops came after BMW cut its 2026 automotive profit margin guidance to 1% to 3%, down from 4% to 6%.

Latest News In Electric Vehicles - Rivian Joins ChargeScape For Grid Resilience And Energy Savings
Simply Wall St.101d agoneutral
Latest News In Electric Vehicles - Rivian Joins ChargeScape For Grid Resilience And Energy Savings

American automotive company Rivian has partnered with ChargeScape, a vehicle-grid integration platform backed by major automakers, to enhance the integration of high-capacity electric vehicle (EV) batteries with utility managed-charging programs across North America. This collaboration aims to strengthen grid resilience and offer cost savings for EV drivers by enabling Rivian vehicles to contribute as flexible energy resources during peak electricity demand periods. The partnership highlights...

Bloomberg101d agoneutral
Apple Investors Are Tired of AI Promises, Want Tangible Progress

(Bloomberg) -- Apple Inc. investors are losing patience with the company’s talk about becoming a more formidable presence in artificial intelligence and want to start seeing some results.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in Peace Deal“Ther