Tech
tech

Elon Musk: We’ve tried to license Tesla’s FSD technology to legacy automakers but “they don’t want it”

Tesla CEO Elon Musk has repeatedly said his company is open to licensing its Full Self-Driving technology to major automakers so that they could potentially make their own fleets drive themselves. Now, Musk is saying that those automakers aren’t interested.

“I’ve tried to warn them and even offered to license Tesla FSD, but they don’t want it! ” Musk posted on X.

While the post is presumably meant to convey that the auto industry is out of touch and behind the times, it also suggests an anticipated future revenue source for Tesla so far isn’t panning out.

While the post is presumably meant to convey that the auto industry is out of touch and behind the times, it also suggests an anticipated future revenue source for Tesla so far isn’t panning out.

More Tech

See all Tech
tech

Bitcoin’s plunge could hurt Tesla’s bottom line

Sometimes bitcoin giveth, but lately it’s been taking away from Tesla.

A new accounting rule that took effect earlier this year requires Tesla to include unrealized gains and losses on its bitcoin holdings in its quarterly results. According to analyst Troy Teslike, Tesla is facing an unrealized loss of more than $300 million in the fourth quarter on its 11,509 bitcoin, thanks to bitcoin’s recent plunge. That would reduce its GAAP earnings per share by about $0.10. If bitcoin plummets further, say to $60,000, that unrealized loss could grow to more than $600 million, with a -$0.19 impact on EPS.

For context, the FactSet analyst consensus for Tesla’s net income in Q4 is penciled in at $1.6 billion with GAAP EPS of $0.37, so additional losses would represent a big earnings headwind. For a company already navigating margin pressure, bitcoin’s volatility adds one more wild card to the mix.

tech
Jon Keegan

Apple cuts sales jobs in rare layoff

Apple is cutting “dozens” of roles from its sales team in a rare layoff, according to a report from Bloomberg. The reductions are aimed at streamlining the company’s sales to businesses, schools, and government accounts, per the report.

Apple rarely turns to layoffs, compared to its tech peers, making the reduction noteworthy.

An Apple spokesperson told Bloomberg: “To connect with even more customers, we are making some changes in our sales team that affect a small number of roles,” and that the employees will be able to apply for new roles in the company.

An Apple spokesperson told Bloomberg: “To connect with even more customers, we are making some changes in our sales team that affect a small number of roles,” and that the employees will be able to apply for new roles in the company.

tech
Jon Keegan

Anthropic releases Claude Opus 4.5 as AI war heats up

The past few weeks have seen new, impressive AI models debut from OpenAI and Google. Today it’s Anthropic’s turn to flex, as it releases Claude Opus 4.5, the latest iteration of its flagship AI model.

Anthropic’s Claude model is widely considered to be among the best at coding, and this model helps the company stay at the head of the pack.

Benchmarks released by Anthropic show Opus 4.5 besting both GPT-5.1 and Gemini 3 with an all-time high score of 80% and the widely used SWE-bench coding benchmark. It also posted high scores for benchmarks measuring computer use and the notoriously challenging ARC-AGI-2 visual problem-solving test, though apparently it can’t run a vending machine as profitably as Google’s Gemini 3 can.

AI coding is one of the few bright spots as companies seek profitable enterprise applications for AI that actually improve productivity. Anthropic’s success with enterprise customers has helped push its valuation to nearly $350 billion.

Benchmarks released by Anthropic show Opus 4.5 besting both GPT-5.1 and Gemini 3 with an all-time high score of 80% and the widely used SWE-bench coding benchmark. It also posted high scores for benchmarks measuring computer use and the notoriously challenging ARC-AGI-2 visual problem-solving test, though apparently it can’t run a vending machine as profitably as Google’s Gemini 3 can.

AI coding is one of the few bright spots as companies seek profitable enterprise applications for AI that actually improve productivity. Anthropic’s success with enterprise customers has helped push its valuation to nearly $350 billion.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.