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BYD Shares Rally 22% As Tesla Dives 23%
24/7 Wall St.18d agobullish
BYD Shares Rally 22% As Tesla Dives 23%

Two EV giants faced the same struggling global market over the past month and walked away with completely opposite results. The reason why tells you something unsettling about where each company is actually headed.

After Losing An Average Of $16.3 Billion A Day For Over A Month, Elon Musk Says “Money Won’t Matter in 2036”
24/7 Wall St.18d agoneutral
After Losing An Average Of $16.3 Billion A Day For Over A Month, Elon Musk Says “Money Won’t Matter in 2036”

The world’s richest man has been losing money at a historic clip. Over roughly the past month, Elon Musk’s net worth has fallen by an average of $16.3 billion a day, according to a Benzinga tally. In the middle of that stretch, Musk sat down with The Economist at the Gigafactory in Texas and offered ... After Losing An Average Of $16.3 Billion A Day For Over A Month, Elon Musk Says “Money Won’t Matter in 2036”

Bloomberg19d agobullish
After Ford Soars 44% on AI Fever, Traders Want Proof It’s Real

(Bloomberg) -- Two months after Ford Motor Co. became the latest old-economy manufacturer to be swept up in the artificial-intelligence rally, investors are looking for proof the enthusiasm was justified. Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oi

Investing.com19d agobullish
Tesla to buy power from Arizona solar project

Investing.com -- Tesla Inc. has signed a long-term agreement to purchase electricity from a solar and battery project in Arizona backed by KKR & Co., developer ContourGlobal announced Tuesday.

Energy Transition Update - SunPower Advances Amid Solar Industry Challenges
Simply Wall St.19d agoneutral
Energy Transition Update - SunPower Advances Amid Solar Industry Challenges

SunPower Inc., a key player in the solar technology industry, reported a significant operational update as it works to navigate challenges in its energy transition journey. Despite experiencing a notable revenue drop in Q2’26 due to operational delays in its Direct Division, the company remains steadfast in prioritizing quality control to assure successful project execution. SunPower has undertaken structural adjustments, including cost reductions and management changes, to bolster future...

Bloomberg19d agobullish
Tesla to Buy Power From KKR-Backed Arizona Solar, Battery Plant

(Bloomberg) -- Tesla Inc. struck a long-term deal to buy electricity from a KKR & Co.-backed solar and battery project in Arizona, developer ContourGlobal said. Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsDeepSeek Suspends Fundraising After Viral US-China PostsCitadel Securities Sees Warsh Delivering Surprise Fed HikeS&P 500 Wobbles as AI Angst Offsets Oil Decline: Markets WrapThe firm will sell 90

Tech Weekly: Tesla under strain, Lockheed innovates drone fighter
Reuters Videos19d agoneutralVIDEO
Tech Weekly: Tesla under strain, Lockheed innovates drone fighter

<body><p>STORY: From Tesla feeling the strain to Lockheed Martin's new drone fighter... This is Tech Weekly.</p><p>:: Tech Weekly</p><p>Tesla missed analyst profit forecasts for the second quarter.</p><p>And Elon Musk's EV giant also reported negative free cash flow for the first time in more than two years.</p><p>It comes with Tesla accelerating its spend on infrastructure for its AI and robotics ambitions.</p><p>The automaker beat expectations with revenue of $28.2 billion.</p><p>But adjusted profit in the quarter was 33 cents per share, lower than analysts' expectation of 51 cents per share</p><p>Scientists from a U.S.-funded facility have prepared to launch the first outdoor tests of genetically modified screwworm flies, called Novofly.</p><p>It's part of efforts to develop a more effective weapon against the flesh-easting parasite, which has spread through Central America and into the U.S.</p><p>Alex Arp is a USDA research geneticist.</p><p>"Where instead of using pesticides to kill insects, we sterilize the insects, release a ton of them out into the environment, and those sterile matings result in no offspring. So, it's essentially birth control for insects. So, it's species-specific and it's pesticide-free insect control."</p><p>Apple's incoming CEO John Ternus said he's committed to building on the company's momentum in the entertainment business.</p><p>Ternus was speaking alongside current CEO Tim Cook at the LA premiere of Apple TV show 'Ted Lasso'.</p><p>"Yeah, I think we have such tremendous momentum right now at Apple TV. There are so many amazing shows, so many amazing characters and stories and so we're just going to keep building on that momentum."</p><p>Ternus is due to take charge at the iPhone maker in September.</p><p>And Lockheed Martin unveiled a counter-drone system at the Farnborough Airshow.</p><p>Lockheed said the reusable airborne device uses high-power microwave energy to disable groups of small unmanned aircraft.</p><p>The system is called MORFIUS X-Rotor and designed to fly towards hostile drones and bring them down with microwave pulses rather than destroy them with an explosive warhead.</p><p>It comes with Western militaries developing cheaper ways to defend troops and bases against drone swarms.</p></body>

Tesla sales rebound hides costly problem for investors
TheStreet19d agoneutral
Tesla sales rebound hides costly problem for investors

Tesla’s vehicle sales recovered in the second quarter, but negative free cash flow, declining margins and increasing AI spending present new threats for TSLA investors. Tesla (TSLA) finally gave investors the car comeback they’ve been waiting for. But the profits and cash flow never came. Revenue ...