It’s that time again. The weekend is over, and it’s time to catch up on the latest news. Here’s a quick roundup of the top stories that you might have missed.What Happened With Lucid’s Gravity SUV?Lucid Group (NASDAQ: LCID) has seen a surge in demand for its Lucid Gravity SUV, despite reports to the contrary. The company has dismissed the rumors and stated that it has delivered a significant number of SUVs.Lucid’s Gravity SUV was introduced in late 2024. The company’s response to the alleged low demand sugg ...

Core Viewpoint - Tesla's Q2 2025 financial results showed a decline in revenue and earnings per share, attributed to lower deliveries, reduced regulatory credit revenue, and a decrease in average selling price, but the company remains optimistic about future growth opportunities in AI and robotics [3][4]. Financial Performance - Revenue for Q2 2025 was $22.5 billion, down 12% from $25.5 billion in Q2 2024, but exceeded expectations [2]. - Adjusted EPS decreased by 23% from $0.52 in Q2 2024 to $0.40 in Q2 2025, meeting analyst expectations [2]. - Energy generation and storage revenue fell by 7%, from $3.0 billion to $2.8 billion [2]. - Gross margin slightly decreased from 18% to 17.2%, a decline of 80 basis points [2]. Future Outlook - Tesla continues to focus on expanding its vehicle offerings, including a new affordable model expected in the second half of the year and the anticipated volume production of the Semi model and autonomous Cybercab by 2026 [5]. - The company emphasizes its transition from being a leader in electric vehicles and renewable energy to also becoming a leader in AI and robotics [4]. - The rollout of a new, more affordable vehicle model is expected to drive revenue growth in the future, alongside advancements in robotics and autonomous driving [9]. Market Reaction - Following the earnings report, Tesla shares experienced a slight decline of 1.5% in after-market trading, reflecting low investor expectations as the stock was down 17% year to date [6]. - Investors are particularly focused on CEO Elon Musk's vision for future developments and timelines for new product availability [8].

Core Insights - The launch of Tesla's driverless taxi service in Austin marks a significant shift towards mainstream adoption of autonomous vehicles, with positive consumer feedback highlighting comfort and safety [1][2][5] - Tesla plans to gradually scale its robotaxi fleet, aiming for 50 vehicles in operation by Q4 2025 and over 1,000 by the end of 2026, with potential expansion into California [3][5] - Analysts predict that the success of Tesla's autonomous vehicles could pressure other automakers to accelerate their own autonomous technology timelines [5] Company Analysis - **Tesla**: The company is positioned as a leader in the driverless transport sector, with autonomous vehicles accounting for approximately 59% of its price target, equating to an implied value of $800 billion [8] - **Alphabet (Waymo)**: Waymo is ahead in robotaxi testing, operating in four U.S. cities and planning to expand to 17 more, with expectations to capture 10% of the autonomous vehicle market by the end of the decade [10] - **Nvidia**: The chipmaker is expected to benefit from the growth of autonomous vehicles, as its chips are integral to most autonomous driving systems [11] Competitive Landscape - **Uber**: While Uber's stock has seen short-term gains, the long-term outlook is uncertain as driverless taxis may offer cheaper alternatives, potentially impacting Uber's market position [12][15] - **Lyft**: The company is planning to launch its own autonomous vehicle line but faces challenges in competing with larger players like Tesla, which is projected to capture a significant market share [14][15] - **Traditional Automakers**: Companies lacking robust electric and autonomous vehicle strategies may struggle to keep pace, particularly those reliant on traditional sales models [16][17]

Core Viewpoint - The escalating feud between Tesla CEO Elon Musk and President Donald Trump has negatively impacted Tesla's stock, raising concerns about potential harm to the electric vehicle sector and Musk's companies [1][3]. Group 1: Impact on Tesla Stock - Tesla stock experienced its largest one-day market capitalization decline on Thursday, with investors worried about the implications of the feud on Musk-related companies [3]. - Tesla shares are down 20.7% year-to-date in 2025, with a notable drop of over 12% in the last five days [14]. Group 2: Government Policies and Subsidies - Trump has threatened to withdraw government subsidies related to SpaceX and eliminate EV tax credits, which could adversely affect Tesla and the broader electric vehicle market [3][10]. - The potential end of the $7,500 EV tax credit could harm Tesla, although Musk has previously supported the idea of ending this incentive, which analysts suggest might benefit Tesla by weakening its rivals [10][11]. Group 3: Autonomous Vehicles and Robotaxis - Trump's past opposition to autonomous vehicles raises concerns about the future of Tesla's robotaxi initiatives, especially as Musk prepares to launch the Tesla Cybercab [4][6]. - Despite a previous easing of restrictions on self-driving vehicles, Trump's recent comments indicate a possible return to opposition against autonomous vehicles [5][6]. Group 4: Brand Perception and Customer Base - Tesla has faced brand damage over the past year, with some customers trading in their vehicles due to Musk's political actions, potentially alienating its traditional customer base [7]. - The feud may deter Trump supporters, who previously showed interest in Tesla vehicles, from purchasing them [8]. Group 5: Government Investigations - The rift between Musk and Trump could lead to renewed investigations into Musk and his companies, which have already faced scrutiny from various government organizations [12]. - Trump's comments suggest that government contracts and subsidies benefiting Musk could be reconsidered, impacting SpaceX's operations [13].

Core Viewpoint - Tesla is preparing to launch its robotaxi services imminently, with a specific date set for June 12, which has generated significant investor interest and a stock price increase of approximately 23% last month despite a weak earnings report for Q1 2025 [1][10]. Group 1: Tesla's Robotaxi Launch - The robotaxi service will initially deploy about 10 Model Ys in Austin, with plans to scale up to 1,000 vehicles in the following months, although the service will be geo-fenced to avoid unsafe areas [8][10]. - CEO Elon Musk confirmed successful testing of a Model Y without a driver on public streets, indicating progress towards fully autonomous rides [7][8]. - The company aims to revolutionize mobility by offering cheaper rides without drivers, similar to Uber and Lyft, but at a lower cost [3]. Group 2: Cathie Wood's Position - Cathie Wood's ARK Innovation ETF sold around 50,000 Tesla shares worth approximately $17 million, but Tesla remains the top holding in the fund, with a price target of $2,600 by 2029 [2][3]. - The sale is interpreted as a strategic move to "sell high, buy low," allowing the fund to book gains while maintaining a long-term bullish outlook on Tesla's future [4][10]. Group 3: Competitive Landscape - Tesla is entering the robotaxi market later than competitors like Alphabet's Waymo, which currently dominates the U.S. market with over 250,000 paid rides per week and significant investments planned [9][10]. - Waymo has already established commercial services in four U.S. cities and has partnered with Uber to expand its reach, posing a competitive threat to Tesla's ambitions [9]. Group 4: Tesla's Core Business Challenges - Tesla's core EV sales are declining, with a reported 15% year-over-year drop in China sales and the weakest quarterly deliveries in over two years [12][13]. - The company faces increasing competition from both legacy automakers and new entrants in the EV market, compounded by reputational issues stemming from CEO Elon Musk's political controversies [13]. Group 5: Valuation Concerns - Tesla's stock is trading at a forward price-to-sales ratio of 10.23, significantly higher than the industry average of 2.75, indicating that much of the current valuation is based on optimistic projections regarding its robotaxi business [15][17]. - Analysts suggest that the market is pricing in significant breakthroughs in unproven areas like autonomous driving, which may take years to materialize [15][17].

Group 1: Cheniere Energy and LNG Industry - The U.S. has become the largest liquefied natural gas (LNG) exporter, exporting 11.9 billion cubic feet per day (Bcf/d) in 2024, surpassing Qatar and Australia [2] - Cheniere Energy exported 2.33 trillion British thermal units (TBtu) in 2024, equating to 6.37 Bcf/d, and has a total production capacity of 45 million tonnes per annum (mtpa) across its terminals [3] - The current administration supports LNG growth, and Cheniere's CEO believes there is a strategic imperative to secure permits for future capacity expansion to over 90 mtpa [5] Group 2: GE Aerospace and Aerospace Industry - GE Aerospace is a market leader in commercial aerospace and defense engines, with its joint venture CFM International producing the LEAP engine, which powers the Boeing 737 MAX and is one of two options for the Airbus A320neo family [7] - GE's GE9X engine is the sole option for the Boeing 777X, and its GEnx engine dominates orders for the Boeing 787, indicating strong market presence [8] - The next generation of engines, RISE, is expected to achieve a 20% improvement in fuel efficiency over the LEAP, potentially ensuring GE's leadership in commercial aerospace engines for decades [9] Group 3: Tesla and Electric Vehicle Industry - Tesla's Model Y is the best-selling car globally and is set to improve sales with refreshed production lines in 2025 [10] - Upcoming catalysts for Tesla include the launch of its robotaxi in June 2025 and the mass production of the Cybercab in 2026, alongside lower-cost models [11] - Tesla has significantly reduced its cost of goods per vehicle, falling below $35,000 by the end of 2024, which enhances profit margins and competitiveness in the EV market [12][13] - CEO Elon Musk has positioned Tesla as a leader in the SUV market, and the company's advancements in EVs and robotaxis suggest a strong future in the industry [15]

GXO Logistics - GXO Logistics combines e-commerce, automation, AI, and analytics to offer outsourcing solutions for supply chain logistics, particularly in e-commerce warehousing [2] - The stock has been heavily sold off due to some customers rationing operations, but GXO has managed to replace lost revenue, although it takes time to reach profitability levels of mature contracts [3] - Analysts forecast GXO's earnings per share (EPS) to decline from $2.80 in 2024 to $2.48 in 2025, before rising to $2.99 in 2026, indicating a price-to-earnings (P/E) ratio of 13.5 times earnings, which is considered cheap given its long-term growth prospects [4] - The ongoing growth of e-commerce and the increasing complexity of productivity-enhancing technology will drive demand for e-commerce warehousing and logistics outsourcing [10] Tesla - Tesla holds a dominant position in the EV market despite high interest rates affecting auto sales, with a 44% share of the U.S. EV market [5][7] - The company benefits from its scale and first-mover advantage, allowing it to lower its cost per car to below $35,000, while maintaining superior profit margins compared to competitors [6] - Tesla plans to launch its robotaxi offering, the Tesla Cybercab, with volume production starting in 2026, which could significantly enhance its market value [8] - The 36% decline in Tesla's share price this year presents a potential buying opportunity, despite the associated risks [9] Freeport-McMoRan - Freeport-McMoRan's stock is trading 35% below its all-time high, despite the Chicago Metal Exchange price of copper being at an all-time high, indicating a disconnect likely due to skepticism about the sustainability of current prices [11] - The company is well-positioned to thrive in the current environment, with substantial existing mining operations in the U.S. and expansion projects that could increase copper production [12] - The ongoing demand for copper as a key metal in the electrification megatrend makes Freeport-McMoRan a strong long-term investment [13]

Elon Musk attempted to reassure Tesla employees of the automaker’s “bright and exciting” future at a company all-hands meeting on Thursday, urging them not to sell their stock even as the company’s valuation slides precipitously downward.“There are times when there are rocky moments,” the billionaire CEO told his employees. “But what I’m here to tell you is that the future is incredibly bright and exciting, and we’re going to do things that no one has even dreamed of.”During the meeting, which was broadcast ...