Alphabet (Google) - Alphabet has reached an all-time high, with shares rallying more than 4%, now valued at over $3.6 trillion, surpassing Microsoft to become the third most valuable company, trailing only Nvidia and Apple [2][3] - The company has secured a multi-million dollar contract with NATO for secure sovereign cloud capabilities, enhancing its cloud and AI data services [4] - Analysts are noting a positive momentum for Alphabet due to its improved Gemini AI model, positioning it as a front-runner in the AI arms race [5] Tesla - Tesla shares are also up more than 4%, with Elon Musk highlighting the company's advanced AI chip program, claiming they have designed and deployed several million AI chips in their vehicles and data centers [7][10] - The company is working on a rapid development cycle for AI chips, aiming for a new chip every 12 months, which is a significant acceleration compared to traditional automotive cycles [9] - Musk asserts that Tesla expects to produce AI chips at higher volumes than all other AI chips combined globally [10] Carvana - Carvana's shares are rising after Wedbush upgraded the company to outperform from neutral, raising the price target from $380 to $400 [11][12] - The recent pullback in Carvana's stock is viewed as overdone and not indicative of fundamental issues, but rather a reaction to CarMax's underwhelming results [12][13] - The analyst believes there is a mispricing opportunity in Carvana's stock, suggesting potential for recovery [12][14]

Core Insights - Tesla's 2025 shareholder meeting highlighted ambitious goals, including a $1 trillion performance award for CEO Elon Musk contingent on achieving specific targets [2][3] - The company aims to operate a million robo taxis and sell a million Optimus robots over the next decade, with a projected increase in Tesla's total value to $8.5 trillion [4] Group 1: Shareholder Proposals - Investors rejected a proposal for an audit of child labor in Tesla's supply chain and a plan to link executive compensation to sustainability goals [2] - The board recommended the approval of the CEO performance award, emphasizing its importance for retaining Musk as CEO [3] Group 2: Production and Technology Goals - Musk announced plans to produce a million Optimus robots annually, with production costs expected to be around $20,000 per unit once production scales [5] - Tesla is developing its own AI chips to meet the demands of its future technologies, moving away from reliance on external suppliers like Nvidia [7][8] Group 3: Future Aspirations - Musk shared long-term visions, including the potential for Tesla vehicles and Optimus robots on Mars, and the use of Neuralink for advanced data gathering [9] - The meeting coincided with a competitive showcase from Chinese rival Xpan, which unveiled its own driverless cars and humanoid robots [9][10]