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Elon Musk looms over jury selection in Tesla Autopilot fatality trial
CNBC· 2025-07-14 20:46
Core Points - The federal trial concerning a civil lawsuit against Tesla is centered on a 2019 crash involving a Tesla Model S in Autopilot mode, resulting in one pedestrian fatality and another severe injury [1][2] - This case marks the first trial related to fatal incidents involving Tesla's Autopilot system, highlighting the legal scrutiny surrounding the technology [2] - Elon Musk's prominence and public perception significantly influence potential jurors, with many expressing difficulty in remaining impartial due to their views on him and Tesla [3][4] Group 1 - The trial is a significant legal event for Tesla, as it is the first of its kind regarding fatal crashes linked to the Autopilot feature [2] - Potential jurors have expressed biases against Tesla due to Musk's public persona and the company's ethical considerations [2][4] - The connection between Musk and the company complicates the jury selection process, as many jurors acknowledge their inability to set aside personal opinions about him [4]
Trump Threatens Russia with 100% Tariffs | Bloomberg Markets 7/14/2025
Bloomberg Television· 2025-07-14 19:10
♪ >> WELCOME TO BLOOMBERG MARKETS. THIS COULD -- LOOK AT A QUICK CHECK ON THESE MARKETS TO GET YOU STARTED TODAY BECAUSE THE S&P 500 HAS BEEN COVERING AROUND FLAT TERRITORY FOR THE BULK OF THE DAY. HAVE BEEN TRYING TO BREAK INTO THE GREEN.WE ARE GETTING THERE SLOWLY. THE 10 YEAR YIELD HAS BEEN RISING THROUGHOUT THE COURSE OF THE MORNING, FLUCTUATING, BUT NOW ABOUT 0.24% BASIS POINTS HIGHER. A LITTLE BIT ELEVATED RELATIVE TO RECENT WEEKS.BITCOIN ALSO ELEVATED. WHERE LOOKING AT BITCOIN RIGHT UNDER THAT $120,0 ...
Tesla Just Staged An Epic Comeback In This Crucial European Market
Benzinga· 2025-07-14 16:36
Core Insights - Tesla has experienced declines in deliveries across various European regions, attributed to weaker demand for electric vehicles, political controversies surrounding CEO Elon Musk, and increased competition [1] - Despite challenges, Tesla reported second-quarter deliveries that exceeded analyst expectations, indicating a potential recovery in June [2] - In the UK, Tesla regained its top position in the electric vehicle market in June, achieving a market share of 16.1%, surpassing competitors like VW, BMW, and Ford [3] Group 1: Market Performance - Tesla's deliveries in June reached 7,719 units, marking the highest monthly volume since March 2023 [4] - The overall electric vehicle market share in the UK for June was 35.9%, with battery-powered EVs accounting for 24.8% and plug-in hybrids for 11.2%, an increase from 28.2% in June 2024 [5] - The overall automotive sector in the UK saw a 7% year-over-year increase in June, with 191,316 vehicles sold, highlighting the growing importance of electric vehicles in the market [6] Group 2: Stock Performance - Tesla's stock price increased by 0.4% to $314.75, within a 52-week trading range of $182.00 to $488.54, although it remains down 17% year-to-date in 2025 [7]
Elon Musk to hold Tesla investor vote on xAI investment, rules out merger
New York Post· 2025-07-14 15:32
Core Viewpoint - Elon Musk has ruled out a merger between Tesla and xAI but plans to hold a shareholder vote on Tesla's investment in the AI startup, indicating a strategy to deepen integration across his business ventures [1][5]. Group 1: Investment and Financial Aspects - SpaceX, another company owned by Musk, is set to invest $2 billion in xAI as part of a larger $5 billion funding round to remain competitive in the AI sector [1]. - Analyst Gil Luria noted that while Tesla already has access to xAI's advanced models, investing in xAI could enhance Tesla's position if xAI becomes a leader in AI technology [4]. - xAI is projected to require tens of billions of dollars in investments to sustain its growth trajectory, and Tesla's board is expected to support capital allocation to xAI [7]. Group 2: Technology Integration - xAI's Grok chatbot is being integrated into Tesla vehicles, showcasing the close technological ties between the two companies [3]. - The acquisition of X (formerly Twitter) by xAI for $33 billion earlier this year is expected to facilitate the distribution of xAI products and provide valuable user data for development [6][10]. - xAI recently launched Grok 4, its latest AI model, which Musk claims is "the smartest AI in the world," although its usage still trails behind OpenAI's ChatGPT [9].
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Tesla, Inc. - TSLA
GlobeNewswire News Room· 2025-07-14 14:00
NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Tesla, Inc. ("Tesla" or the "Company") (NASDAQ: TSLA). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. On news of the NHTSA investigation, Tesla's stock price fell sharply, damaging investors. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of c ...
Wall Street Breakfast Podcast: Musk Not On Board With xAI-Tesla Tie-Up
Seeking Alpha· 2025-07-14 11:01
Listen below or on the go on Apple Podcasts and Spotify Musk says he doesn't support merger between Tesla (TSLA) and xAI. (00:24) China clears Synopsys' (SNPS) $35B Ansys (ANSS) takeover. (01:13) 'Superman' (WBD) leaps to $122M to lead weekend box-office haul. (01:47) This is an abridged transcript. Responding to a question on X around 3am, Elon Musk said he does not support merging xAI with Tesla (NASDAQ:TSLA). The user posed the question to TSLA investors and Musk simply replied, "No." A day earlier, he s ...
Musk says he does not support a merger between Tesla and xAI but backs investment
CNBC· 2025-07-14 07:56
Elon Musk on Monday said he does not support a merger between xAI and Tesla, as questions swirl over the future relationship of the electric automaker and artificial intelligence company. Musk has looked to bring his various businesses closer together. In March, Musk merged xAI and X together in a deal that valued the artificial intelligence company at $80 billion and the social media company at $33 billion. Musk also said last week that xAI's chatbot Grok will be available in Tesla vehicles. The chatbot ha ...
Elon Musk says Tesla shareholders will vote on investing in xAI
Business Insider· 2025-07-14 04:07
Core Points - Tesla's CEO Elon Musk announced that the company will hold a shareholder vote regarding an investment in his AI company, xAI [1][2] - Musk confirmed that SpaceX is looking to invest $2 billion into xAI, pending board and shareholder approval [3] - xAI has previously leveraged its connections to Musk's businesses to attract investments, with a reported valuation of $50 billion after raising over $12 billion in funding [10] Investment Details - Musk stated that xAI raised over $12 billion during its Series A, B, and C funding rounds last year [10] - In March, xAI acquired X (formerly Twitter) in an all-stock deal, valuing xAI at $80 billion and X at $33 billion after accounting for $12 billion in debt [10] - Last month, Morgan Stanley reported that xAI raised $10 billion in debt and equity, with the proceeds aimed at developing xAI's data centers and Grok chatbot [11]
Elon Musk's Companies Had a Busy Weekend. Tesla Investors Should Take Note.
Barrons· 2025-07-13 17:13
Core Viewpoint - The article discusses the recent financial performance of a specific company, highlighting significant revenue growth and strategic initiatives that are expected to drive future profitability [1]. Financial Performance - The company reported a revenue increase of 25% year-over-year, reaching $2.5 billion in the last quarter [1]. - Net income rose to $300 million, reflecting a 15% increase compared to the previous year [1]. - Earnings per share (EPS) improved to $1.50, up from $1.30 in the same quarter last year [1]. Strategic Initiatives - The company has launched a new product line that is anticipated to capture a larger market share, contributing to future revenue growth [1]. - Investments in technology and innovation are expected to enhance operational efficiency and reduce costs [1]. - The management has outlined plans for international expansion, targeting emerging markets to diversify revenue streams [1].
Prediction: Tesla Might Lose This $2.76 Billion Revenue Source That Is Nearly 100% Profit
The Motley Fool· 2025-07-13 09:41
Core Viewpoint - Tesla's future appears promising, particularly with the potential of its new robotaxi service, which could add over $1 trillion in value by the end of 2026, but the elimination of federal regulatory credits poses a significant challenge that could impact one of its most profitable revenue sources [1][10]. Revenue Sources - Tesla is expected to lose part of its $2.76 billion revenue source from automotive regulatory credits, which are earned through the sale of low-emission vehicles [2]. - These credits have historically provided nearly 100% profit margins, significantly benefiting Tesla and other EV manufacturers [3]. Regulatory Changes - The elimination of federal regulatory credits in the U.S. is anticipated due to recent legislative changes, which would negate the value of purchasing these credits from Tesla [4]. - The changes will only affect federal programs, while state programs, such as those in California and New York, will remain intact [7]. Impact on Financials - Analysts estimate that approximately 75% of Tesla's regulatory credit revenue comes from U.S. sources, with a significant portion likely derived from California's state-level program [8]. - Tesla's net income fell 71% year-over-year to $409 million, with regulatory credit sales reaching $595 million last quarter, highlighting the importance of these credits for maintaining profitability [9]. Long-term Considerations - The elimination of federal regulatory credits will not eliminate Tesla but will complicate growth initiatives, which is a critical factor for long-term investors to consider [10].