Core Insights - SpaceX is exploring a potential merger with Tesla and an alternative combination with artificial intelligence firm xAI, according to Bloomberg News [1] Company Developments - The discussions regarding the merger with Tesla and xAI indicate a strategic move to enhance capabilities in both aerospace and AI sectors [1]

本文源自：金融界AI电报 特斯拉盘后股价上涨2%，因有报道称SPACEX正在考虑与其合并。 ...

智通财经APP获悉，周四，三大指数涨跌不一，微软(MSFT.US)重挫约10%，软件股票普遍走低令科技 股承压。 【美股】截至收盘，道指跌55.96点，跌幅为0.11%，报49071.56点；纳指跌172.33点，跌幅为0.72%，报 23685.12点；标普500指数跌9.02点，跌幅为0.13%，报6969.01点。特斯拉(TSLA.US)跌超3%，微软 (MSFT.US)跌近10%。纳斯达克中国金龙指数涨0.3%，阿里巴巴(BABA.US)跌近1%，蔚来汽车(NIO.US) 涨4%。 【欧股】德国DAX30指数跌512.65点，跌幅2.06%，报24330.89点；英国富时100指数涨10.57点，涨幅 0.10%，报10165.00点；法国CAC40指数涨4.68点，涨幅0.06%，报8071.36点；欧洲斯托克50指数跌 36.54点，跌幅0.62%，报5896.66点；西班牙IBEX35指数跌25.16点，跌幅0.14%，报17582.44点；意大利 富时MIB指数跌78.23点，跌幅0.17%，报45060.50点。 【加密货币】比特币暴跌超5%，一度跌破8.4万美元关口，以太坊暴跌超6.5%， ...

Core Insights - Tesla's Q4 performance received mixed reviews, with analysts noting a "beat" in earnings, but shares opened slightly lower the following day [1] - Elon Musk's focus on future projects like Cybercabs and autonomous robots has diverted attention from troubling financial metrics [3] Financial Performance - Tesla reported GAAP net earnings of $3.79 billion, a significant decline of 75% from the peak of $15 billion in 2023 [3] - EV revenues have decreased by 16% over the past two years, while operating expenses surged by 44%, overshadowing growth in battery and service sales [3] - The company has added $31 billion in assets, increasing its balance sheet by nearly 30%, but is losing money on these investments [4] Revenue Sources - A concerning portion of Tesla's profits is derived from selling regulatory credits to other automakers, which is a declining revenue stream [5] - In 2025, Tesla earned $1.45 billion from credits and $69 million from digital asset sales, accounting for almost 40% of its net earnings [6] - After excluding non-operating items, Tesla's core earnings were only $2.28 billion, highlighting the reliance on non-core revenue sources [6] Valuation Concerns - Tesla's current market cap of $1.44 trillion results in an adjusted PE ratio of 632, indicating a significant gap between valuation and reported profits [7] - This valuation is notably higher than that of Palantir, which has a PE ratio of 353, suggesting that Tesla offers minimal profit for its share price [7]

Market Overview - The stock market closed mostly lower, with the Dow managing to finish slightly in the green, while the NASDAQ experienced its worst day in several months [1][2][3] - The S&P 500 ended with a minor loss of about 13 basis points, while the Russell 2000 small-cap index was also slightly down [3] Company Performance - Microsoft saw a significant drop, down approximately 10% at its lows, marking its worst performance in several months [4] - Tesla also declined by 3%, while Meta's stock rose by 10%, contributing to a strong performance in the communication services sector [4][5] - SanDisk reported a revenue of $3.03 billion, exceeding expectations of $2.68 billion, and its earnings per share came in at $620, significantly higher than the expected $344 [22][23] - SanDisk's stock has surged over 90% year-to-date, driven by high demand for memory products in the AI sector [24][25] Sector Analysis - The communication services sector reached a record high, while technology was the worst-performing sector, down 1.6%, primarily due to poor performance in software stocks [5][6] - The software industry faced widespread declines, with companies like SAP down 15% and Atlassian down 10% [6][7] - In the semiconductor space, companies like Lamb Research and KLA saw gains of about 3.5%, indicating a mixed performance within the sector [7] Geopolitical Impact on Oil - Crude oil prices rose to their highest levels since September, influenced by President Trump's threats of military action against Iran, which has led to a risk premium in the oil market [11][12] - Analysts noted that the market is not currently pricing in a full-scale conflict but is reacting to operational signals and geopolitical tensions [12][13] Housing Market Insights - US mortgage rates are holding steady at 6.1%, the lowest in three years, but housing affordability remains a challenge due to high home prices [44][45] - The "lock-in effect" is causing homeowners with low-rate mortgages to keep their homes off the market, contributing to tight inventory levels [48][50] - New home listings have increased, but they are still 20% below pre-pandemic levels, indicating a slow recovery in housing supply [50][56] Future Outlook - Analysts expect continued high demand for memory products, particularly in AI infrastructure, but caution against potential oversupply in the future as production ramps up [39][42] - The housing market may see improvements in inventory levels, but significant policy changes at the state and local levels are needed to address long-term supply issues [52][56]

Microsoft, Meta, Tesla, Joby Aviation, Royal Caribbean, and More Stock Movers - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# These Stocks Are Today's Movers: Microsoft, Meta, Tesla, Joby Aviation, SAP, Royal Caribbean, and MoreBy [Mackenzi ...

Why Tesla Stock Could Get Hurt by a SpaceX IPO - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Why Tesla Stock Could Get Hurt by a SpaceX IPOBy [Al Root]ShareResize---ReprintsIn this article[TSLA]SpaceX's Starship rocket 38 launches during ...

Group 1: Market Reactions and Trends - The NASDAQ 100 experienced its worst day since November of the previous year, dropping by two percentage points, indicating significant market volatility [2] - Microsoft reported a capital expenditure (capex) of $1.5 billion beyond consensus, with a 38% growth in Azure, raising concerns about the sustainability of this growth amid increasing capex [4][5] - Meta's capex reached $135 billion, showing significant growth in its advertising business, which alleviated some market concerns about its AI spending [20][22] Group 2: Company-Specific Insights - Microsoft is focusing on two strategic priorities: the adoption of Microsoft Copilot and internal R&D, which are expected to drive long-term growth despite short-term fluctuations in Azure growth [7][9] - Meta's growth in the core business, aided by AI, is expected to sustain a healthy level of top-line growth, even if growth decelerates in the future [22][24] - Tesla announced ambitious plans for a chip factory to alleviate constraints in chip supply, with a projected capex of $20 billion this year, significantly higher than typical annual investments [31][32][35] Group 3: AI and Capital Expenditures - Concerns are rising about the relationship between capital expenditures and growth from AI, with Microsoft facing scrutiny over its capex growth outpacing revenue growth in Azure [5][48] - The market is reacting negatively to Microsoft's capex increase, which is seen as a risk amid uncertain AI adoption rates [10][11] - The AI landscape is evolving, with companies like Microsoft and Meta investing heavily in AI infrastructure, which is expected to yield long-term benefits despite short-term challenges [20][30] Group 4: Regulatory and Ethical Considerations - Amazon reported hundreds of thousands of pieces of content believed to include child sexual abuse material in its AI training datasets, raising ethical concerns about data sourcing and transparency [85][86] - The National Center for Missing and Exploited Children highlighted the importance of data sharing for law enforcement, which Amazon has not provided, stunting further investigation [88][89]

That decision follows the Magnificent Seven company's move to shift the product from a one-time purchase to a subscription, which bears the promise of recurring revenue but passes on larger one-time payments. Why This Matters to Tesla Investors Tesla has long sold its self-driving software via a one-time payment. Now, as it's shifting to subscriptions, it's begun detailing those sales—which, by the way, is a key metric in CEO Elon Musk's efforts to get full benefit of his pay package. The company on Wednesd ...

Tesla, Inc. (NASDAQ:TSLA) is actively moving from an EV manufacturer to an artificial intelligence powerhouse, and Wedbush analyst Dan Ives is fully on-board. TSLA stock is moving. See the chart and price action here. Ives pointed to recent aggressive AI investments as the beginning of Tesla's "golden AI chapter” that could push its market cap to $2 trillion in early 2026, with a bull case scenario reaching $3 trillion by the end of the year.Tesla’s AI Era Ives labeled Tesla's AI strategy as the company’s “ ...