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Industry
Tesla Megapack supply sold out through 2027, production ramp speeds up
Most of Tesla\'s 2027 supply of its large energy storage system Megapack has been taken up, as demand rises, driven mainly by growth in AI data centres. The International Energy Agency expects global data centre power use to nearly double by 2030. Tesla has started production at its Texas Megapack plant and is strengthening its U.S. battery sourcing by shipping its first Megapack made only with LFP cells produced in Nevada.
Mobility
Tesla deliveries beat estimates but revenue flat, profit seen down 10 percent
Tesla beat market expectations for third-quarter vehicle deliveries, but revenue is expected to be flat and profit to fall. Attention is shifting from sales volumes to whether the company can rein in weakening profitability and the burden of large-scale investment. Tesla is set to report earnings after the close on Oct. 21, with Wall Street expecting revenue of $28.06 billion and adjusted EPS of $0.45.
AI & Enterprise
Micron quarterly results nearly quadruple on AI boom, HBM demand outstrips supply
Micron posted quarterly results that beat market expectations, helped by a surge in memory demand from expanding AI infrastructure. It also issued a next-quarter forecast that exceeded market estimates, supporting expectations that shortages of AI memory could persist. The company reported fiscal fourth-quarter revenue of $54.23 billion and non-GAAP adjusted net profit of $38.4 billion, and guided for fiscal first-quarter revenue of about $61.5 billion.
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Industry
Micron shares slip in premarket ahead of earnings, Wall Street raises price targets
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AI & Enterprise
AMD joins $1 trillion club, speeds up chase of Nvidia on AI chips
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Crypto
Strive buys bitcoin for 9 straight trading days, funding structure put to test
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Industry
Nvidia Q2 net profit $59.7 billion, up 126 percent year on year
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AI & Enterprise
UBS reaffirms bullish view on Micron on HBM4 and AI demand
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AI & Enterprise
Bank of America keeps buy rating and $350 target for Nvidia, says AI dominance intact
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Industry
Musk pay is 2,522,203 times Tesla worker average as profit halves
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AI & Enterprise
S&P 500 profit growth of 48% is an illusion; 29% without Anthropic and OpenAI
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Crypto
Bithumb targets 2028 IPO, plans to seek preliminary review next year
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Crypto
PayPal expands agentic payments and stablecoins; second-quarter revenue beats estimates
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Crypto
Tesla posts $112 million fair-value loss on bitcoin in second quarter
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AI & Enterprise
Snowflake soars 40 percent to recover year-to-date losses; AI chip supercycle expectations
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Mobility
Tesla no longer just an EV maker as AI and energy support long-term investment case
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Crypto
Strategy halts bitcoin buying ahead of Q1 earnings
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Industry
Tesla previews 2026 first-quarter earnings with focus on core business growth slowdown