Latest news with #Elon Musk
Bloomberg
2 days ago
- Automotive
- Bloomberg
Tesla Has a Problem — and It's Not Just the Elon Musk Backlash
Tesla Inc. is in a sales slump, with deliveries of its electric vehicles on track to decline for the second full year in a row. The polarizing politics of Chief Executive Officer Elon Musk have alienated car buyers in major markets. Customers have yet to flock back to showrooms after Musk stepped away from his activities in Washington and ended up in a very public feud with President Donald Trump.
Yahoo
7 days ago
- Automotive
- Yahoo
TD Cowen Reaffirms Buy on Tesla After Impressive Austin Robotaxi Launch
Tesla, Inc. (NASDAQ:TSLA) ranks among the best fundamental stocks to buy according to hedge funds. Following the company's robotaxi service launch in Austin on June 23, TD Cowen reaffirmed its Buy rating and $330 price target for Tesla, Inc. (NASDAQ:TSLA). According to TD Cowen, the electric car manufacturer's eagerly awaited robotaxi service was launched in Austin on June 22. The first day seemed to go well, with several aspects surpassing expectations, especially in terms of the operational design domain and pickup/drop-off capabilities. Pixabay/Public Domain TD Cowen commended the well-designed user interface for an early-stage ridesharing deployment and noted that Tesla's initial operational area in Austin was larger than anticipated, albeit smaller than rival Waymo's service area. The first day of operations saw no significant safety or vehicle performance difficulties, which TD Cowen described as 'pretty impressive' for an initial launch. Based in Austin, Texas, Tesla, Inc. (NASDAQ:TSLA) is a well-known clean energy company that is best known for its electric vehicles (EVs). In addition to designing, producing, and marketing EVs, Tesla also offers solar panels, solar shingles, and energy storage devices. 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 More: and Disclosure: None. Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
'Eventually, all life on Earth will be destroyed by the sun': Elon Musk explains his drive to colonize Mars
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Generate Key Takeaways When you buy through links on our articles, Future and its syndication partners may earn a commission. Artist's illustration of SpaceX Starships on Mars. | Credit: SpaceX Elon Musk is taking the long view. The billionaire SpaceX founder has long said that humanity needs to expand its footprint out into the solar system — specifically to Mars, which is the most suitable and reachable target — so that we won't go extinct if something bad should happen to Earth. That "if" only applies in the short term, however; over the very long haul, something bad will definitely happen. The sun is getting brighter and hotter as it ages, and a few hundred million years from now, this increased energy influx will strip off Earth's atmosphere and boil our oceans away. That will probably be the end for life as we know it. The coup de grace will come some five billion years from now, when our expanding red giant sun engulfs and incinerates poor little Earth. Musk referenced this sorry fate in a recent interview with Fox News host Jesse Watters, who asked the world's richest man why he's so fixated on the Red Planet. "That's one of the benefits of Mars, is life insurance for life collectively," Musk told Watters in the interview, which Fox News aired yesterday (May 6). "So, eventually, all life on Earth will be destroyed by the sun. The sun is gradually expanding, and so we do at some point need to be a multiplanet civilization, because Earth will be incinerated." Musk — who leads the Trump administration's cost- and regulation-cutting Department of Government Efficiency — estimated that we have about 450 million years "before it gets so hot that life is impossible." Related stories: — Will our solar system survive the death of our sun? — Red giant stars: Facts, definition & the future of the sun — Starship and Super Heavy: SpaceX's deep-space transportation for the moon and Mars That's a pretty long runway for SpaceX to complete the development and testing of Starship, the fully reusable megarocket that Musk thinks will make Mars settlement economically feasible. Starship, the biggest and most powerful rocket ever built, has flown eight times to date and twice this year so far. Both of the 2025 test missions, which launched in January and March, respectively, were partially successful. Starship's huge first stage booster, Super Heavy, performed well, but the vehicle's Ship upper stage exploded less than 10 minutes into flight. SpaceX is currently gearing up for Starship's next launch; the company has already test-fired the engines of the Super Heavy and Ship that will make Flight 9. But no target date has been announced.
