Cox Automotive: Tesla US sales expected to fall 21% this quarter

While overall new vehicle sales in the US are expected to grow by 1.7% this quarter, which ends in a few days, Tesla sales are forecast to fall 20.8% compared with Q2 2024, according to new data from Cox Automotive. The US is Tesla’s biggest market.

The data is in line with estimates from a Tesla analyst known as Troy Teslike, who most recently forecast second-quarter sales to decline 24% across North America more broadly.

As we’ve reported, Tesla sales have been heading south in the EV company’s other top markets, China and Europe, as well.

The analyst consensus on FactSet expects global Tesla vehicle sales to drop about 6% for the full year, making it the second year in a row with lower sales than the year before. Teslike expects the decline to be worse, down about 15%.

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Jon Keegan11h

WSJ: OpenAI IPO filing could be coming as soon as this week

According to a report from The Wall Street Journal, OpenAI could file for an IPO as soon as this week. The company is working with Goldman Sachs and Morgan Stanley on the IPO, which is widely expected to be one of the largest ever. OpenAI is racing against rival Anthropic to be the first startup of the current generative-AI boom to go public.

OpenAI is targeting an IPO as soon as September, per the report.

Exclusive | OpenAI Is Preparing to File for an IPO Very Soon

Claire Yubin Oh

Git gud

12h

GitHub may have fumbled one of the biggest first-mover advantages in history

Rivals like Cursor and Claude Code are eroding GitHub’s Copilot user base, and Microsoft execs are sounding the alarm about the platform itself.

Tom Jones

hitcoin

16h

Physical attacks on cryptocurrency holders keep ticking up

Conferences, exchange chiefs, and even rumored bitcoin creators are all spending on security.

Google announces new models, glasses, agents, but investors are not impressed

At Google’s I/O developer conference, the company announced a bevy of new products, but none of it helped the stock one bit.

Jon Keegan5/19/26

Rani Molla5/19/26

Report: Tesla to build solar factory near Houston

Tesla is planning to build its solar panel manufacturing plant — an endeavor that could add up to $50 billion in value to its energy business — near Houston, Texas, Electrek reports. The plant would be located on the same site as its Megafactory, which builds Megapack battery systems.

The solar plant is part of Tesla and SpaceX’s goal of eventually putting solar-powered data centers in space.

On the company’s fourth-quarter earnings call, CEO Elon Musk said Tesla was “going to work towards getting 100 gigawatts a year of solar cell production, integrating across the entire supply chain from raw materials all the way to finished solar panels.”

At the time, the news had sent shares of First Solar down, but subsequent reports suggest Tesla is unlikely to compete directly with the country’s leading photovoltaic panel maker, instead using much of that production internally.

Exclusive: Tesla (TSLA) is building its giant solar panel factory in Houston

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