Tesla Stock News

Elon Musk's AI startup xAI has discussed a deal that would give it some revenue from Musk's Tesla in exchange for providing the electric vehicle maker access to its technology and resources, the Wall Street Journal reported on Saturday.

Elon Musk's AI startup xAI has discussed a deal where it would get some Tesla TSLA -8.45%decrease; red down pointing triangle revenue in exchange for providing the carmaker access to its technology and resources, the latest example of the growing interconnectedness of Musk's companies.

Tesla has come to dominate the EV industry and could one day launch a global robotaxi service. Competitive and economic forces are too much for Tesla to ignore despite its market position.

Tesla, GM, Rivian and Ford have created a new market in the U.S. automotive industry of pricey, powerful and precarious $100,000 electric pickup trucks. The electric trucks currently on the U.S. market are the Tesla Cybertruck, Ford F-150 Lightning, Rivian R1T and General Motors' GMC Hummer EV, GMC Sierra Denali and Chevrolet Silverado.

The Federal Reserve has been trying to thread the needle between controlling inflation and keeping the economy out of recession. The monthly jobs report had many of the elements investors had hoped for, but also contained a few ugly surprises.

Tesla (NASDAQ:TSLA) stock has been a turbulent ride for investors this year, with the stock down close to 12% year to date.

It's difficult to deny that Tesla, Inc. stock is wildly overvalued if viewed as a conventional stock. But that's not really the most suitable framework for this and many of today's leading growth stocks. Many investors evaluate a stock as bundles containing a commercial enterprise and a venture play, but don't verbalize what they're doing.

On Thursday, September 5, Tesla (NASDAQ: TSLA) announced the expansion of its Full-Self Driving (FSD) feature to customers in Europe and China in the first quarter of 2025, pending regulatory approval.