Tesla Inc. plans to poll shareholders on whether to invest in xAI, Elon Musk said after the Wall Street Journal reported SpaceX was prepared to funnel $2 billion into the Grok chatbot developer. The billionaire entrepreneur, responding to a post on X, said any decision to back the startup ultimately wasn’t his to make. Musk … Read more
Here are Monday’s biggest calls on Wall Street: UBS reiterates Tesla as sell UBS said the stock remains overvalued. “We believe TSLA remains fundamentally overvalued, but the price reaction will depend on Musk’s call comments.” Bank of America initiates Caris Life Sciences as buy The firm said the biotech company has a “best in class … Read more
For Tesla supplier Contemporary Amperex Technology , selling battery packs to major electric companies is just the start of its ambitions. “We believe the company is not just a hardware manufacturer, but it will also be a software ecosystem provider,” Morgan Stanley analysts led by Jack Lu said in a report Wednesday. They pointed to … Read more
About 2,000 asset managers and investment advisors are here at the Exchange ETF conference in Las Vegas. A small ETF crowd arrived Saturday night to see Dead & Co. at the Sphere, who put on an amazing light show on top of an amazing music show. (What did you expect from the Dead?) Musical entertainment … Read more
Halfpoint Images | Moment | Getty Images President Donald Trump’s signature on his so-called “big beautiful bill” was a death blow for tax credits that lowered the cost of electric vehicles. Those tax credits — worth up to $7,500 and $4,000 for purchases of new and used EVs, respectively — won’t be available after Sept. … Read more
