This Week in Tesla: Elon Musk's Financial Windfall, EV Sales Fall and More
benzinga_article·- Tesla Inc. and CEO Elon Musk experienced significant developments, highlighted by a 2025 pay package valued at $158 billion and a potential $824 billion payday linked to a prospective merger with SpaceX. - Meanwhile, North American electric vehicle sales slipped 27% in July to 140,000 units, marking an 18% year-to-date decline to 900,000 units for the first seven months of the year. - Industry experts advised Tesla to increase marketing investments as the company expands beyond electric vehicles while teasing future innovations such as flying cars.AMD adds significant positions in SpaceX and Nutanix
MSN·- AMD filed a Form 13F Holdings Report with the U.S. Securities and Exchange Commission on Friday. - The company acquired significant new positions, including 4.1M shares of Nutanix and 3.3M shares of SpaceX by the end of the second quarter. - Additionally, AMD purchased 200K shares of Xanadu Quantum during the same period.Tesla Stock (TSLA) Jumps on Plans for 'Flying' Roadster Stunt
Tip Ranks·- Tesla stock rose roughly 2% to exceed $345 per share following reports of an upcoming stunt to showcase the flying capabilities of its next-generation Roadster. - The demonstration may occur as early as this month at a SpaceX testing site in McGregor, Texas, utilizing a SpaceX cold-gas thruster. - This planned event follows CEO Elon Musk's recent social media confirmation that customers would indeed receive flying cars.Elon Musk Says AI Will Be SpaceX's Biggest Business by September: Does the Math Check Out?
benzinga_article·- SpaceX CEO Elon Musk forecasted that artificial intelligence revenue will exceed all other company revenue as soon as September and significantly surpass the rest of the business in the fourth quarter. - The company targets a roughly $100 billion annualized revenue run rate by the end of the year, supported by expectations of having more than two gigawatts of compute capacity online. - Industry estimates and rapid data center deployment capabilities underpin this growth, as SpaceX leverages its speed to charge premium prices for AI computing capacity compared with conventional developers.