Tesla is exploring the idea of building its own semiconductor fabrication plant to meet rising demand for chips that power its artificial intelligence and robotics ambitions. Chief executive Elon Musk told investors at Tesla’s annual shareholders meeting on Thursday that the company is considering a “gigantic” facility, signalling its intention to take control of a
Vodafone and AST SpaceMobile are collaborating to create a satellite constellation that will deliver mobile broadband directly to smartphones across Europe. The project aims to close connectivity gaps for both commercial and governmental users, offering uninterrupted communication in remote regions. The European operations centre will be located in Germany, with potential sites near Munich or
Tesla shareholders have handed Elon Musk a historic vote of confidence, and a path to a possible $1 trillion payday, as the company doubles down on AI, robotaxis, and chip ambitions. When applause rippled through Tesla’s Austin shareholder meeting on November 6, investors had just approved the most audacious pay package in corporate history. Over
Dow futures were down about 95 points, or 0.2%, on Friday, continuing the rough week for US markets, especially tech. The Dow’s been holding up a bit better than the Nasdaq, which slid nearly 2% as investors started worrying that AI-related stocks might be getting a little too pricey. It’s been a tough stretch overall,
Wall Street indices slipped on Friday as big tech names lost steam, dragging the broader market down. The S&P 500 fell about 0.5%, the Nasdaq dropped 0.8%, and the Dow slid roughly 190 points, or 0.4%, putting all three on track for a down week. Artificial intelligence valuations have become the central concern, with heavyweight
Tesla’s stock dipped on Friday morning, even after shareholders overwhelmingly approved CEO Elon Musk’s record-breaking $1 trillion compensation package. Shares fell 5.04% to $423.40 although they have recovered to $429.44 at the time of writing, still down 3.69%. The market reaction may seem counterintuitive given the resounding vote of confidence in Musk’s leadership. However, analysts
The past week has been one of extraordinary developments across politics, markets, and technology. From a historic mayoral election in New York to a landmark court hearing on US tariff powers, a record-setting Tesla compensation vote, Apple’s AI ambitions, and the longest government shutdown in American history, each story signals significant transitions underway in both
Tesla stock extended its recent slide on Thursday, falling sharply after US United States Consumer Product Safety Commission (USCPSC) said the company should recall around 10,500 Powerwall 2 battery systems. Shares of the electric vehicle maker dropped 6.2% to $403.87 in midday trading, down $26.73, making it the worst-performing stock in the Nasdaq 100, according
A Texas federal court has allowed a major antitrust lawsuit to proceed, targeting Apple Inc. and OpenAI over claims that their partnership may suppress competition in artificial intelligence. The legal challenge, brought by Elon Musk’s X Corp. and xAI, argues that Apple’s decision to embed OpenAI into the iPhone’s operating system gives the chatbot maker