Musk's Starlink Close to Deal With Saudi Arabia's Flag Airline
Saudia is finalizing a deal to roll out the service across its fleet of more than 140 aircraft, said the people, who asked not to be identified discussing private deliberations.
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12 minutes ago
- Yahoo
Guggenheim Reiterates Sell on Tesla (TSLA) Despite FSD and Robotaxi Updates
Tesla, Inc. (NASDAQ:TSLA) is one the On August 12, Guggenheim analyst Ronald Jewsikow reiterated a Sell rating on the stock with a $175.00 price target. The firm said that it is sticking with its sell rating and that it is cautious on the company's full self-driving. CEO Elon Musk unveiled some important updates around both the Robotaxi operations in Austin and the upcoming FSD model. The updates were made in a series of posts on X over the weekend. While Tesla shares 'somewhat paradoxically' rallied on the news, names like Uber and Lyft who were previously sensitive to Tesla autonomy, did too. The firm considers this as 'mixed signals from the market.' Hadrian / 'On the Robotaxi operations in Austin, CEO Musk indicated it would be open to the public next month, which we believe is earlier than investor expectations and a sign of confidence in the service and feedback from the invite-only riders to date. We believe the expanded FSD model has positive implications for bulls focused on the potential for TSLAs fleet eventually becoming Robotaxis (positive read on inference compute), and the opening of the Austin Robotaxi experience to the public is a key step on the growth path of inviting a potentially more critical set of consumers. While safety drivers will remain, and no timeline has been provided for their removal, bulls have been willing to overlook the optics of safety drivers in TSLA vehicles, and we see no reason why that would change now.' Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hill
an hour ago
- The Hill
Trump easing environmental rules for space companies
Energy & Environment The Big Story Trump wants to cut environmental reviews for space industry President Trump signed an executive order Wednesday easing regulations for commercial rocket launches and spaceport development, in a move likely to boost Elon Musk's SpaceX. The order calls for eliminating or expediting environmental reviews for rocket launches. It also seeks to evaluate state and local restrictions on spaceport development, in addition to expediting environmental and administrative reviews for building the infrastructure for launches. 'Ensuring that United States operators can efficiently launch, conduct missions in space, and reenter United States airspace is critical to economic growth, national security, and accomplishing Federal space objectives,' Trump's order reads. It aims to 'substantially' increase commercial space launches and 'novel space activities' by the end of the decade. Environmental advocates were immediately wary of the move. The Center for Biological Diversity slammed the order as 'reckless,' arguing it puts people and wildlife at risk from rockets that often explode and 'wreak devastation on surrounding areas.' 'Bending the knee to powerful corporations by allowing federal agencies to ignore bedrock environmental laws is incredibly dangerous and puts all of us in harm's way,' Jared Margolis, a senior attorney at the Center for Biological Diversity, said in a statement. 'This is clearly not in the public interest.' The order will likely be a boon to Musk's SpaceX, one of the biggest players in the commercial space industry. The spacecraft and satellite communications firm has conducted more than 100 launches so far this year. Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads How policy will affect the energy and environment sectors now and in the future: Duffy says climate science will 'move aside,' with NASA only focusing on space exploration Acting NASA Administrator Sean Duffy said Thursday that climate and earth science at the agency will 'move aside' as it refocuses solely on space exploration. Full Story Trump picks Democrat to lead energy regulatory commission a surprising move that passes over the panel's one Republican member. Full Story Humans may have 'locked in' drought-inducing climate pattern: Study Greenhouse gas emissions generated by humans may have 'locked in' a climate pattern responsible for long-term megadrought across the U.S. West, a new study has found. Full Story What We're Reading News we've flagged from other outlets touching on energy issues, the environment and other topics: Indiana loses $130 million as EPA cancels low-income solar program (Indianapolis Star) Auditor: Plan To Cool Hawaiʻi Classrooms A '$120 Million Disaster' (Honolulu Civil Beat) What Others are Reading Two key stories on The Hill right now: Trump issues Social Security proclamation President Trump signed a proclamation marking the 90th anniversary of the establishment of Social Security, while boasting changes in his recent tax law aimed at providing relief to seniors. Read more Judge temporarily blocks Medicaid data sharing with ICE officials A federal judge has temporarily blocked the Department of Health and Human Services (HHS) from sharing the personal data of Medicaid enrollees with immigration officials. Read more
Yahoo
3 hours ago
- Yahoo
'Remarkable' €50m transfer could be the unexpected highlight of Chelsea's summer
The most explosive news of last weekend came from nowhere when it was revealed by top sources like Fabrizio Romano that Joao Felix was going to Saudi Arabia to join Al Nassr for a huge fee. Until then there had been very little interest in Felix. His old team Benfica seemed to be the only ones interested, and they were ready to sit tight and low-ball us until the deadline. Then from nowhere, the Saudis came in with a huge bid. 'Remarkable' bid saves Chelsea's bacon in disaster transfer Joao Felix watches from the sidelines. (Photo by) They discussed this on the London is Blue podcast, trying to make sense of it all. 'He's going to Saudi Arabia. The immediate fee is going to be €30m with a heavy sell on clause and add ons… Chelsea feel they have a guaranteed fee of €50m minimum for Joao Felix,' Dan Dormer said. But as they also pointed out, the fact that it ended well for us doesn't mean it wasn't a mistake to bring Felix back in the first place: 'It's remarkable business. It's a move that had to be done for Chelsea. He obviously was not going to play for the club again. It was a terrible transfer, and it has now kind of been remedied,' was co-presenter Nick Verlaney's take. You can see their discussion in the clip embedded here: Felix affair feels like it's full of secrets This whole Felix affair has something fishy about it – from the loan that finished a year before we signed him, to the relation to the Conor Gallagher to Atletico Madrid sale, to the bizarrely large fee we're getting for him from Al Nassr. It feels like there's more going on than meets the eye – we just hope we get to find out more, one day.
