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Elon Musk Reveals Why SpaceX Launched Tesla’s Roadster Into Orbit: ‘We Didn’t Want to Risk Anything Valuable’
benzinga_article·1 hour ago
- SpaceX CEO Elon Musk revealed that his personal Tesla Roadster was launched into orbit in 2018 because the mission's high failure risk precluded using anything valuable. - Tesla is reportedly moving closer to unveiling its next-generation Roadster, which may feature a SpaceX-developed cold gas thruster system. - Meanwhile, SpaceX announced a partnership with NVIDIA to launch optimized chips by late 2027 alongside targets for significantly increased rocket launches.
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Trump Snapped Up SpaceX Shares 11 Days After $1.77 Trillion IPO: Here's What Else He Purchased
benzinga_article·5 hours ago
- President Donald Trump purchased between $15,001 and $50,000 in SpaceX shares on June 23, 2026, following the company's record $1.77 trillion IPO. - The financial disclosure also revealed numerous other stock trades in June 2026, including investments in Berkshire Hathaway and sales of major tech stocks like Nvidia and Tesla. - The White House stated that third-party financial institutions independently manage Trump’s portfolio without any direction or influence from him or his family.
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Tesla to inaugurate new Semi factory in Nevada next month
Electrek·8 hours ago
- Tesla announced the official inauguration of its new Semi factory in Nevada scheduled for September 24 2026. - The dedicated facility was built next to Gigafactory Nevada as part of a $3.6 billion expansion announced in early 2023. - The plant is designed to achieve an annual production capacity of 50,000 electric trucks, following the start of volume production in April.
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US Stocks Close: Dow Rises 140 Points, SOX Drops 2.7%; AI Hardware Stocks Sold Off, Memory Stocks Lead Declines; Micron Falls Over 5%
TradingKey·12 hours ago
- The U.S. stock indices ended mixed, with the Dow rising 0.26% to 53,417.16 while the Nasdaq fell 0.76% and the S&P 500 dropped 0.28%. - AI hardware and memory stocks experienced significant sell-offs, as the Philadelphia Semiconductor Index dropped 2.7% and Micron Technology fell 5.83%. - Market sentiment was weighed down by collapsing U.S.-Canada trade talks and threats of a 50% tariff on Canadian automobiles.
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Tesla (TSLA) Beats Uber and Google with Approval for a Larger Robotaxi Fleet in Nevada
Tip Ranks·12 hours ago
- Tesla secured approval from Nevada's transportation authority to operate a fleet of up to 5,000 robotaxis. - This capacity surpasses the 1,000-vehicle permit limits granted to competitors like Google's Waymo and Uber's subsidiary Aviari. - Despite this regulatory milestone, Tesla shares dropped by over 3 % to approximately $ 351 on Monday afternoon.
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Tesla confirms Cybercab launch coming next week
Electrek·15 hours ago
- Tesla confirmed it will host an invite-only Cybercab launch event in Austin on September 3, 2026, while also providing a livestream for the public. - The new vehicle is a two-seat car featuring no steering wheel, which will join Tesla's existing unsupervised Robotaxi fleet of approximately two dozen vehicles operating in Austin. - Winners of the rider sweepstakes will gain exclusive access to hail the Cybercab through Tesla's existing Robotaxi app.
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Tesla Stock (NASDAQ:TSLA) Slips as Another Chip Engineer Departs
Tip Ranks·16 hours ago
- Tesla experienced a nearly 2% decline in its stock price following the departure of leading AI hardware architect Shishuang Sun to the startup DensityAI. - The departure impacts Tesla's institutional knowledge as Sun held the position of Senior Director of AI Hardware Design, handling customized chip system development. - Meanwhile, Polymarket traders estimate only a 17% chance that Tesla will execute a genuine retail sale of its Cybercab to the public by the end of the year.
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If You Invested $1000 In Tesla Stock 10 Years Ago, You Would Have This Much Today
benzinga_article·16 hours ago
- Tesla has outperformed the market over the past 10 years by an annualized rate of 24.83%, generating an average annual return of 38.19%. - An investment of $1,000 in Tesla stock 10 years ago would be worth $24,945.84 today, given a share price of $357.88. - The company currently maintains a market capitalization of $1.41 trillion, demonstrating the significant impact of compounded returns over time.
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Watch Tesla FSD v14 Lite drive over a giant log without stopping
Electrek·18 hours ago
- A Tesla owner published footage showing a vehicle running Full Self-Driving v14.1 Lite driving straight over a road log without braking or slowing down. - The incident occurred on a wet, foggy rural road at 32 mph with the self-driving visualization active on a Hardware 3 vehicle. - This event highlights ongoing performance issues documented with Tesla's FSD Lite version on older hardware systems.
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How To Trade SPY, QQQ And 6 Mega Caps: Key Technical Levels For AAPL, MSFT, NVDA, GOOGL, META, And TSLA
benzinga_article·18 hours ago
- The market session lacks major economic catalysts, leaving trading activity driven primarily by technical levels, Treasury yields, and positioning following the recent options expiration. - Key large-cap assets such as SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA face crucial support and resistance levels that will determine their short-term directional bias. - Traders are advised to monitor volume and price acceptance around these specific pivot points to gauge market stability and potential trend continuation or reversal.
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Fidelity's Magellan Fund Manager Peter Lynch Was a Stock-Picking Rockstar in the 1980s, Averaging an Annual Return of 29%. Could His Top Rule Then Work for You Now?
Motley Fool·18 hours ago
- Fidelity's Magellan Fund manager Peter Lynch achieved a 29% average annual return from 1977 to 1990 by following the core rule of investing in what you know. - However, this strategy no longer provides a strategic edge today because the internet ensures universal access to information and modern markets reward unprofitable growth companies early. - Additionally, cheap online trading has increased market volatility and trading frequency, making traditional valuation approaches less reliable than they were in the 1980s.
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Tesla Inc Stock (TSLA) Opened Down by 3.03% on Aug 24: Key Drivers Unveiled
TradingKey·19 hours ago
- Tesla Inc stock opened down by 3.03 % on Aug 24, driven primarily by a major voluntary recall of nearly 3 million vehicles in China and concerns over escalating capital expenditures. - The regulatory action and heavy investments in AI and autonomous infrastructure induced profit-taking following recent gains and raised operational concerns. - Despite strong long-term prospects in autonomous driving, elevated spending and compressed margins generated investor hesitation amid ongoing sector-wide declines.
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Tesla loses another top chip engineer to ex-Dojo startup DensityAI
Electrek·19 hours ago
- Tesla has experienced the departure of Senior Director of AI Hardware Design Shishuang Sun to the AI hardware startup DensityAI. - Sun, who spent over five years working on Dojo and Autopilot computers, played a critical role in developing Tesla's in-house custom silicon systems. - This departure impacts Tesla's internal silicon development expertise as the company heavily relies on proprietary AI hardware for its valuation.
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Amazon Could Be Worth More Than Tesla and SpaceX Combined by 2030. Here's the Math.
Motley Fool·21 hours ago
- Amazon is projected to surpass the combined valuation of Tesla and SpaceX by 2030 due to its superior profitability and reliable growth trajectory. - In 2026, Amazon generates $133 billion in net income on $828 billion in net sales, significantly outperforming Tesla and SpaceX's combined $5 billion in earnings on $151 billion in revenue. - Although Tesla and SpaceX are expected to grow faster and achieve wider net margins by 2030, Amazon's projected $215 billion in net income on $1.38 trillion in net sales maintains its valuation advantage.
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TSLA Competitor? Xiaomi Joins NIO in Race to Build In-House Chips for Self-Driving Cars
benzinga_article·22 hours ago
- Chinese tech giant Xiaomi has unveiled its in-house Xring D100 self-driving chip built on a 3-nm process, scheduled for commercial deployment in 2027. - The new chip features a 20-core CPU and a 16-core NPU, enabling it to run local Large Language Models with 200 billion parameters. - This development aligns with broader industry trends where competitors like NIO, XPeng, and Tesla are advancing their own autonomous driving and semiconductor initiatives.
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Mirae Asset Global Investments Co. Ltd. Has $908.59 Million Stock Position in Tesla, Inc. $TSLA
Market Beat·1 day ago, 03:48 AM
- Mirae Asset Global Investments Co. Ltd. raised its stake in Tesla, Inc. by 0.2% during the 2nd quarter, owning 2,160,225 shares valued at $908,591,000. - Tesla recently reported quarterly revenue of $28.24 billion alongside earnings per share of $0.33, while facing ongoing developments including regulatory approvals, vehicle recalls, and shifting institutional investments. - Institutional investors and hedge funds currently own 66.20% of Tesla's stock as the company navigates strategic growth areas such as robotaxis and commercial trucks.
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