Tesla has been subtly pivoting its strategy for years to be considered an AI company, but it's now reaching a tipping point.

Tesla is set to announce its third-quarter results, driven by a rush for U.S. EV tax credits. Key focus areas include the cheaper Model 3 and Model Y variants and Elon Musk's ambitious plans for robotaxis.

Experts predict that sales will drop dramatically in the US after the tax credit vanishes. Musk himself has said that the company is in for “a few rough quarters” thanks to the expiring incentive and other macroeconomic factors.

Operating margin was reported at 5.8% of sales, falling sharply from last year's mark of 10.8% but improving on a sequential basis. Total GAAP gross margin was 18.0% vs. 19.8% a year ago and 17.2% in the prior quarter. Operating income was down 40% year-over-year to $1.62 billion vs. $1.65 billion consensus.

This hope for the future while discounting the present has taken Tesla’s market valuation to dizzying heights.

Tesla is slated to kick off Magnificent Seven earnings when it reports third-quarter results after the closing bell on Wednesday.

A pioneer in AI pours cold water on hopes that the explosion of spending will lead to a productivity boost anytime soon.

After crashing in 2022, the Ark Innovation ETF has tripled in the last three years. Wood is confident the gains are here to stay, dismissing fears of a bubble.

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A new analysis by Cybernews reveals that while the total number of reported cybercrime complaints is dropping, the financial damage is skyrocketing, indicating that Artificial Intelligence (AI) is transforming common scams into highly targeted,

In the stock market’s rarefied air where mega-cap technology behemoths reside, Tesla Inc. stands out — but for all the wrong reasons. Chief among them is its stunning lack of earnings growth while its stock price continues to soar.

While Tesla shareholders are focused on giving Elon Musk a huge CEO compensation package, there’s a potentially even more