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Tesla shares dropped more than 7% in premarket trading Thursday after the automaker missed profit estimates and confirmed capital spending above $25 billion for 2026. Key Points: Tesla posted record second quarter revenue of $28.24 billion, yet adjusted earnings of $0.33 per share fell well short of

Elon Musk declined to rule out a Tesla and SpaceX merger on Wednesday's earnings call, prompting one longtime investor to lift his odds to 90%. Key Points: Musk pointed to growing overlap between the two companies but said an earnings call was not the place to discuss combining them. Deepwater Asset

Cathie Wood's ARK Invest bought 96,935 shares of Elon Musk's Tesla worth about $38 million on Thursday, days after a separate SpaceX bet. Key Points: ARK Invest bought 96,935 Tesla shares valued near $38 million on July 2. The buy landed as Tesla stock fell 7.49% after a strong quarterly delivery re

Wall Street is again betting on a merger between Tesla and SpaceX after the rocket maker's record listing, though analysts caution the combined company would still lose money. Key Points: SpaceX completed the largest IPO on record, and its shares have climbed sharply since the Jun. 12 debut. Renewed

With Bitcoin (BTC) bouncing back from its lows of around $60,000 earlier this month to trade above $70,000 as geopolitical tensions linked to the U.S. conflict with Iran rattled global financial markets, billionaire investor Stanley Druckenmiller warned that the U.S. dollar may not retain its positi