To The Moon

Rivian had a busy quarter, reporting a narrower-than-expected first-quarter loss, which is good news. Investors don't care right now. They are focused on the R2.Rivian reported late Thursday an adjusted operating loss, which is gross profits less adjusted operating expenses, of $621 million from sales of $1.4 billion. Wall Street was expecting a $819 million loss on $1.4 billion in sales, according to FactSet. A year ago, Rivian reported an adjusted loss of $424 million on $1.2 billion in sales.Quarterly gross profit was $119 million, better than the $56 million analysts projected.The narrower loss and better gross profit show solid cost control. Sales are up with deliveries. Rivian delivered 10,365 vehicles in the first quarter, up from 8,640 delivered in the first quarter of 2025.Rivian stock rose initially after results were released but gave up the gains, falling 8.4% on Friday to $15.32, while the S&P 500 rose 0.3% and the Dow Jones Industrial Average fell 0.3%.Shares were up abou

Tesla stock rose 2% in morning trading. One thing helping was a price target hike from Stifel analyst Stephen Gengaro. On Sunday, he took his target to $508 from $483 and kept his Buy rating on...

Tesla stock rose Monday, building on recent gains heading into the company’s third-quarterdelivery reportdue out on Thursday.

Don't adjust your screens-the newsletter looks a little different starting today, with the data box above the daily writeup. Markets look a little different than they did on Friday , too, as they shake off a very weak jobs report: Stock futures point to gains. Inflation data and a revision to jobs estimates this week could change the tone ahead of next week's Fed decision, but probably not the high chances of a rate cut.Data refreshes every time you open this email.The odds of Elon Musk getting the full sum are slim. You can still count on renewed debate about lavish CEO pay, though-probably framed in terms of fairness. Executive compensation tracker Equilar calculates that the 100 best-paid U.S. bosses earned 300 times what their average employee did last year.Lost in the debate is whether investors are being harmed by executive share awards. It's easy to overlook during a bull market when the public's wealth is rising, too. Numbers are getting big enough to matter, though, as all tha

The AI race is splintering big tech names, with investors pointing to a divergence in business approach and stock performance.The “Magnificent Seven” stocks are starting to grow apart. They are not...

BRIEF-Musk Says He Doesn't Support Merger Between XAI And TeslaJuly 14 (Reuters) - MUSK SAYS HE DOESN'T SUPPORT MERGER BETWEEN XAI AND TESLASource text: https://tinyurl.com/4wjbr334Further company coverage: TSLA.O ((Reuters.Briefs@thomsonreuters.com;))

By Chris Kirkham Nov 5 - When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive Elon Musk rushed to respond on X, his social-media network. “Reuters is lying,” he posted, without elaborating. Tesla’s stock recovered some of its losses. Six months later, Musk appears to have backed into an admission that Tesla dropped its plans for a human-driven $25,000 car. He said in an Oct. 23 earnings call that building the affordable EV would be "pointless” unless the car was fully autonomous. His latest remarks came in response to an investor asking: “When can we expect Tesla to give us the $25,000 non-robotaxi regular car model?”

Tesla shareholders' backing of Elon Musk's multibillion-dollar compensation package helps clarify his immediate future atop the world's most valuable automaker. Now the electric-car company has to figure out how to pay him.Musk and Tesla face legal opposition to the stock-option deal that was passed in 2018, now valued at roughly $48 billion. The latest vote is also being challenged in court.The company's board has argued that shareholder support for the plan would resolve concerns raised by the judge who rescinded the original plan, potentially leading the court to reverse its decision. Legal experts say the vote won't automatically change the judge's mind.For his part, Musk is enjoying the backing shown by Tesla shareholders and is trying to allay fears that he would turn his attention to his other companies -- a concern among some shareholders should Musk have lost the vote."I just want to start off by saying, 'Hot damn, I love you guys,'" Musk said at the start of his remarks at Te