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Rivian delivered 12,194 electric vehicles in the second quarter, besting its guidance in what’s been a bruising year for EVs in the U.S., and sending its stock surging. The company had predicted deliveries of 9,000 to 11,000 for the quarter.
Morning Brief host Brooke DiPalma welcomes Business Insider Today Executive Editor and Anchor Dan DeFrancesco to discuss the timeline for a potential SpaceX (SPCX) IPO, what he expects from the IPO market through the rest of 2026, and what could happen once OpenAI (OPAI.PVT) and Anthropic (ANTH.PVT) hit markets.
The U.S. innovation engine, from the Model T to SpaceX and AI, continues to be a rocket for America's economy. But China is a growing rival.
The electric automaker sells just three new-car models now, with CEO Elon Musk putting the focus on autonomous vehicles and robotics.
Tesla car sales rose over the past three months for the second straight quarter in a sign the worst of the damage from boycotts and rivals stealing market share could be behind it. The electric vehicle maker run by Elon Musk reported Thursday that it delivered 480,126 cars, much higher than the 384,122 from a year ago, as Europeans furious at Musk's embrace of far-right political candidates began buying again. Tesla's stock dipped slightly in early morning trading on Thursday.
After eight years with Webush securities and 25 years as a top Wall Street technology analyst, Dan Ives announced Thursday plans to move on. Well known as a colorful commentator and a longtime Tesla bull, Ives aims to launch what he described as a "modern merchant bank," aimed at combining research, advisory, capital raising and investing under one roof, the analyst told CNBC. On Tuesday, Ives wrapped up his term at Wedbush by initiating coverage of SpaceX with an outperform rating and $190 price target.
Tesla beat Wall Street expectations for second-quarter deliveries on Thursday, as recovering demand in Europe offset subdued demand in North America and intense competition from Chinese automakers. Analysts on average had expected deliveries of 402,776 vehicles, according to Visible Alpha data. The recovery was driven by improving demand in Europe, where Tesla saw a rebound in demand in several key markets after a sharp slump last year that analysts partly attributed to brand damage from CEO Elon Musk's political activities.
The National Highway Traffic Safety Administration found no crashes tied to the issues and that they posed only a low safety risk and were addressed in software updates.
Second-quarter Tesla deliveries should rise vs. Q1 and a year earlier, but will that matter to investors? Tesla stock is near an early buy point.
(Bloomberg) -- Cboe Global Markets Inc. is seeking US regulatory approval to list all-or-nothing options tied to corporate earnings results, allowing traders to wager on figures ranging from SpaceX revenue and Nvidia data-center sales to JPMorgan Chase & Co.’s credit-loss provisions.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksS
Stocks fell as Meta buzz hit SpaceX, Micron and many AI stocks. Tesla is near a buy point with deliveries due. The June jobs report also is on tap.
Michael Burry, famous for his prescient bets against the housing bubble, unveiled bearish positions on Tesla Caterpillar semiconductor manufacturer Applied Materials and an ETF tracking chip makers. Burry said that plans by two of South Korea’s largest tech companies to build a chip hub set off fresh alarm bells about whether the massive sums of money being poured into AI can ever pay off. The PHLX Semiconductor Index, which is tracked by the ETF that Burry is betting against, fell 6.3%.
(Bloomberg) -- Crossing $420 gets Tesla Inc. investors excited.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerSpaceX IPO Left Mirae With No Shares on MisunderstandingKrafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO ResignsUS Decides Against Renewing USMCA, Shifting to Rolling TalksTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsAt least, that’s what data from Vanda Research show: The sum of five-day retail net buying picks up on aver
BYD continues its comeback, after a tough start to the year, according to new data. Other Tesla rivals like XPeng and Xiaomi also had a strong June.
Analysts at Wedbush gave SpaceX an "outperform" rating with a price target of $190 a share. The stock rose 2% on Wednesday morning.
Investing.com -- BYD Co. is positioned to reclaim its spot as the world's largest seller of fully electric vehicles from Tesla Inc. as the Chinese automaker increases its international shipments.
Autonomous-driving startup Wayve is riding a tide of investor interest. The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across the technology and automotive sectors, from Nvidia to Mercedes-Benz and Nissan. In June, Wayve said it will deploy its system in robotaxis from Jeep maker Stellantis, to go on Uber's ride-hailing network.
Stocktwits data showed retail sentiment around SPY was ‘bearish’, while QQQ sentiment remained ‘bullish.’
FRANKFURT, June 30 (Reuters) - Europe is an emerging but promising market for self-driving 'robotaxis', with the technology set to become far more visible across the region over the next two years,
(Bloomberg) -- Retail investors’ activity in the technology stocks known as the “Magnificent Seven” hit a four-year low in recent days after having been muted for months, according to Citigroup Inc. equity strategists.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingYen Hits Four-Decade Low in Historic Slide That’s Rattled JapanWhatsApp Opens Username Reservations to 3 Billion UsersTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsIran Ratchets Up Talk
Investing.com -- The "Magnificent 7" group of technology companies lost approximately $2.3 trillion in market value this month as investors increased scrutiny of large infrastructure spending by these firms.
Elon Musk may have recently given a big hint about what's on the horizon for SpaceX and Tesla.
Panasonic is seeking to localise its U.S. supply chain for energy storage systems as it prepares to produce battery cells at a plant in Kansas as part of a shift towards supplying data centres, the Japanese group's CEO said on Tuesday. "Since most of our customers are in the U.S. for these energy storage systems, we think it makes sense to complete the supply chain as much as possible within the U.S.," Yuki Kusumi said during a roundtable interview in Tokyo.
Tesla stock jumped more than 8% after rolling out its FSD v14 Lite software to millions of older vehicles for the first time in over a year.
It was a good day for the Magnificent Seven—at least some of them. Tesla stock ended Monday's session up 8.5%, perhaps riding the coat tails of SpaceX, which was up 7.1%. The two Elon Musk companies are tightly linked, jointly developing a chip fabrication complex in Texas.