Tesla stock (NASDAQ: TSLA) fell sharply on Tuesday, sliding more than 3% to close at $396.40, as investors reevaluated the company’s bold bets on autonomous vehicles. The stock’s decline wiped out billions in market value and underscored nagging doubts about the timeline and commercial viability of Tesla’s Robotaxi ambitions. The electric vehicle pioneer has leaned
Elon Musk said his artificial intelligence startup xAI plans to build a 500-megawatt data centre in Saudi Arabia in partnership with Humain, the kingdom’s state-backed AI venture. Speaking at a US-Saudi investment forum in Washington, Musk said the project would be powered by Nvidia Corp.’s chips. Humain was established under Saudi Arabia’s sovereign wealth fund.
Tesla stock (NASDAQ: TSLA) tumbled over 2% on Friday, breaking below the critical $400 support level as investors reassess valuations amid hawkish Federal Reserve commentary and deepening AI bubble concerns. The sell-off dragged alongside mega-cap tech peers: Nvidia fell 2.9%, and Amazon dropped around 1%. Tesla stock is up 2.66% year-to-date despite November’s recent pullback, trading
Tesla is moving closer to completing the design of its next-generation AI5 chip and has already begun development work on its AI6 processor, CEO Elon Musk said Sunday in a post on X. The update marks the company’s most detailed assessment yet of its long-term chip roadmap as it leans deeper into artificial intelligence and
Tesla trades just shy of a $1.3 trillion market cap. And with shareholders now greenlighting an eye-popping pay package for Elon Musk, a central question looms larger than ever: how much of that market value is anchored in Tesla’s business fundamentals, and how much is simply the “Musk premium”? With voices from Wall Street to
The post Commodity wrap: Fed rate cut bets drive gold to 6-week high, silver hits record $58 appeared first on Invezz
Gold is beating Bitcoin by a wide margin, and the explanation lies not just in price charts but in who’s doing the buying. Since January 2024, gold has surged 58% while Bitcoin has fallen roughly 12%. Gold hit a record $4,381 per ounce in October and now trades near $4,216, up nearly 59% year-to-date. Bitcoin,
A cooling failure at a CyrusOne data center outside Chicago froze trading across CME Group’s entire futures complex early Friday, halting price discovery for oil, gold, currency pairs, and Treasury benchmarks during a critical month-end window. The outage, which began around 9:45 p.m. ET Thursday, left traders staring at static screens while engineering teams scrambled
Gold prices rose to a two-week high and were on track for a fourth consecutive monthly high on rising bets that the US Federal Reserve will cut interest rates next month. Meanwhile, silver prices have outperformed gold this week, with the metal on COMEX hitting a new record high on Friday. The metal has spiked
