Group 1: Tesla's Current Challenges - Tesla's sales have dropped significantly, with a 13.5% year-over-year decline in Q2, following a similar decline in Q1, and profits decreased by 70% in Q1 [2] - The company is facing challenges due to Elon Musk's political involvement and the loss of regulatory support previously enjoyed during the Trump Administration [2] - Increased competition from Chinese electric vehicles is making Tesla's offerings less appealing in global markets [2] Group 2: Competitive Landscape - Waymo's robotaxi service is conducting over 1 million fully autonomous, paid rides each month, significantly surpassing Tesla's robotaxi efforts [3] - Despite Tesla's shortcomings, it remains valued at nearly $1 trillion, more than the combined market capitalizations of the next 10 automakers, raising questions about the basis for this valuation [3] Group 3: Valuation Insights - Tesla's estimated earnings for FY'26 are around $2.90 per share, and applying a generous valuation multiple of 30x would suggest a stock price of under $100, indicating a market cap of roughly $300 billion based solely on automotive earnings [4] - The discrepancy in valuation suggests that investors believe Tesla is ahead in autonomous driving, robotics, and broader AI applications [4] Group 4: Full Self-Driving and Robotics Potential - Tesla's vehicles come with Full Self Driving (FSD) hardware pre-installed, starting at under $50,000, providing a significant cost advantage over competitors like Waymo [5] - The potential for a dedicated robotaxi priced below $30,000 and the estimated $750 billion market for autonomous ride-hailing could enhance Tesla's distribution edge [5] Group 5: Future Initiatives - The Optimus robot initiative aims to produce millions of robots annually by 2030, targeting a price of $20,000 or less, which could become a major product category for Tesla [6] - Tesla's advanced manufacturing capabilities and high levels of automation position it well to achieve ambitious projects in robotics and AI [6] Group 6: Leadership Impact - Elon Musk's renewed focus on Tesla is expected to aid the company in pursuing long-term objectives more vigorously, instilling confidence in investors regarding the company's future [7]

While the stock market has rallied from its lows earlier this year, there are still nice bargains in the tech space. Let's look at five bargain tech stocks ready for a bull run.1. AlphabetTrading at a forward price-to-earnings (P/E) ratio of below 16.5x analyst 2025 estimates, Alphabet (GOOGL 1.69%) (GOOG 1.74%) is the cheapest of the megacap tech stocks.While best known for its Google search engine, Alphabet has a solid collection of market-leading and emerging businesses. Its YouTube streaming service is ...

ToplineThe initial rollout of Tesla’s “robotaxi” driverless vehicle cabs inspired a major rally for Elon Musk’s automaker, making the company’s CEO and top shareholder Musk, already the world’s wealthiest person Elon Musk, billions of dollars richer.Tesla stock surged following the initial rollout of its robotaxi program in Austin.© 2025 Bloomberg Finance LPKey FactsShares of Tesla shot up 9%, or $29, by late afternoon, registering a three-week high share price of more than $350. Musk, who owns 13% of Tesl ...

Core Insights - Zoox is set to launch its commercial robotaxi service late this year, following significant investment and development efforts over the past 11 years [3][5] - The company aims to differentiate itself from competitors like Waymo and Tesla by offering a unique ride experience with a custom-designed vehicle that has no steering wheel or pedals [4][10] - Zoox plans to operate in multiple cities, starting with Las Vegas, and aims to produce 5,000 robotaxis annually, scaling up to 10,000 as demand increases [5][6] Company Overview - Zoox is a subsidiary of Amazon, focusing on developing a fully autonomous robotaxi service with a unique vehicle design [2][3] - The company has invested billions into its Hayward, California factory, which is designed to ramp up production significantly in the coming years [5][6] - The robotaxi features advanced technology, including multiple sensors for enhanced safety, contrasting with Tesla's more cost-effective approach [7][10] Industry Context - The competition in the autonomous vehicle market is intensifying, with Waymo expanding its services and Tesla launching pilot programs [2][9] - Zoox's approach to autonomous driving is more aligned with Waymo, utilizing a comprehensive sensor array for safety, while Tesla relies on fewer sensors [7][10] - The autonomous vehicle sector is under scrutiny, particularly regarding safety, as seen with Tesla's investigations related to its Autopilot features [9][10]

Group 1: Federal Reserve Leadership - Current Treasury Secretary Scott Bessent is a potential candidate to replace Jerome Powell as Fed Chair, but may face significant opposition [1][2] - The Fed Chair position is designed to be independent from presidential influence, complicating Bessent's candidacy given President Trump's criticisms of Powell [2] - Jerome Powell has stated he will complete his term, which does not end until May 2026 [2] Group 2: US-China Trade Relations - US and China trade representatives are engaged in ongoing talks in London, with positive progress reported on technology and rare earth exports [3] - The US and India are nearing an interim trade deal after four days of negotiations [3] Group 3: Tesla Developments - Tesla's stock has faced volatility, with a significant drop of $150 billion in market cap in a single day, but shares are rebounding as issues appear to be resolving [5] - A driverless Tesla Model Y robotaxi was spotted in Austin, Texas, marking a significant milestone for the company [8] - Elon Musk has retracted his criticisms of Trump, which coincided with a bounce in Tesla's stock [8] Group 4: Inflation and Economic Indicators - Despite ongoing trade negotiations, inflation numbers are reportedly moving in a positive direction, with the Consumer Price Index (CPI) set to be released for further insights [9]

Waymo suspended robotaxi service in downtown Los Angeles on Sunday after five vehicles were set on fire during protests against President Donald Trump's immigration raids in the city. Photos show Waymo cars covered in anti-ICE graffiti burning in the street, engulfed in smoke.A spokesperson for Waymo confirmed to Business Insider that five vehicles had been vandalized during the protests. The company temporarily suspended service in downtown LA and doesn't think its vehicles were intentionally targeted, th ...

In this articleGOOGLA row of Waymo vehicles burn on a street during an anti-ICE protest in downtown Los Angeles, California, on June 8, 2025.Benjamin Hanson | Afp | Getty ImagesSeveral Waymo autonomous vehicles were set ablaze in downtown Los Angeles on Sunday amid widespread protests against President Donald Trump's immigration crackdown.A spokesperson for the Alphabet-owned company confirmed there were multiple Waymo vehicles "in the vicinity" of protests that were unable to be retrieved, NBC News reporte ...

Here's what investors should know about Amazon and Alphabet. Apple is currently the third-most valuable company in the world with a market capitalization of $2.9 trillion. I think Amazon (AMZN 2.38%) and Alphabet (GOOGL 2.59%) (GOOG 2.54%) can top that figure before the end of 2026. Here's what that would mean for shareholders: Amazon's earnings growth slows to 26% annually in the next six quarters, its market value can reach $3 trillion with no change in the P/E ratio. I think that is plausible, so long as ...

Uber passengers in Austin seemingly can't get enough of Waymo's robotaxis, with the 100 or so Waymo vehicles operating on the Uber app already busier than the human drivers they share the road with. "These approximately 100 vehicles are now busier than over 99% of all drivers in Austin in terms of completed trips per day," CEO Dara Khosrowshahi said in prepared remarks after Uber announced its first-quarter earnings on Wednesday.Khosrowshahi said the two companies plan to scale their autonomous fleet in Au ...

Key Takeaways Uber and Lyft will report earnings this week. Uber Leads the ride-sharing market due to its market share, performance, and diverse business. Robotaxis are a crucial focus for both companies. Uber, Lyft to Report Earnings This WeekLater this week, the two ride-share leaders,Uber Technologies ((UBER) and Lyft ((LYFT) ), will report first-quarter 2025 earnings.Lyft generates almost its entire revenue from ridesharing and owns roughly a quarter of the ride-sharing market in the United States. Me ...