- Tesla, Inc. (TSLA) disclosed approximately $5.8 billion in AI-related or AI-spending outlays in Q2, and the company reported the stock fell about 12% the following day after that disclosure.
- TSLA could see event-driven moves: potential robo-taxi city rollouts and a refreshed Optimus humanoid reveal. Timing and details remain unspecified, which may spur trading volatility.
- Tesla agreed to buy ~90% of output from Project Sterling: ~1 TWh/year, 509 MW solar, 360 MW/1.4 GWh storage. Groundbreaking 2026, operations targeted 2028; financial terms undisclosed.
- Tesla (TSLA) agreed to buy power from a KKR-backed solar-plus-battery plant in Arizona. Deal is a power purchase, not asset ownership; plant supplies dispatchable solar+storage electricity.
- Investor Michael Burry increased short exposure to Tesla (TSLA), adding to bearish bets across other tech names; report lists TSLA among stocks where his short position grew.
- RBC cut Tesla (TSLA) 2027 price target to $480 from $500, citing delayed robotaxi/autonomy timeline and potential future revenue from robotaxi operations.
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Key facts: Tesla, Inc. $5.8B AI spend; stock -12%; Project Sterling deal
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Tesla, Inc. (TSLA) disclosed approximately $5.8 billion in AI-related or AI-spending outlays in Q2, and the company reported the stock fell about 12% the following day after that d