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Mobility

Tesla no longer just an EV maker as AI and energy support long-term investment case

Market views on Tesla's long-term investment appeal are diverging again. Analysts say slowing growth in vehicle sales contrasts with expectations for expansion in self-driving, AI and energy that continue to support a high valuation. Tesla trades at a lofty price-to-earnings multiple, while quarterly results show revenue and profit growth and record energy storage deployments. Wall Street ratings lean toward hold, with wide-ranging target prices reflecting uncertainty over execution.

Crypto

Japan's SBI pushes bitcoin, XRP spot ETFs, eyes Tokyo Stock Exchange listing

Japan's financial firm SBI Holdings is pushing to launch exchange-traded funds holding bitcoin and XRP, aiming for a Tokyo Stock Exchange listing. It has outlined a “SBI Bitcoin/XRP ETF” in investor materials and also proposed a trust that allocates at least 51 percent to a physical gold ETF and up to 49 percent to crypto ETFs. The move comes as Japan revises rules to classify cryptocurrencies as financial products and tighten oversight.

Industry

Intel steps up foundry push; Tan says it can compete with TSMC

Intel said it is starting to show visible results in its foundry business for external customers. CEO Lip-Bu Tan said customer interest is rising and he expects agreements with multiple customers in the second half of this year. He said Intel’s manufacturing competitiveness is improving, pointing to progress in its 18A process and yield gains. Intel is also discussing its 14A process as a longer-term basis to compete with TSMC.