tech

Rani Molla1/30/25

JPMorgan can't understand why in the world Tesla would be up after earnings

Analysts: they’re just like us. Namely, the fine folks over at JPMorgan, much like at Barclays, seem equally mystified as we are that Tesla’s stock could be trading up so much after reporting such dismal earnings. From a research note today:

“It’s not clear to us why Tesla shares traded as much as +5% higher in the aftermarket Wednesday, although we have some leading theories. Perhaps it was management’s statement that it had identified an achievable path to becoming worth more than the world’s five most valuable companies taken together (i.e., more than the $14.8 trillion combined market capitalizations of Apple, Microsoft, NVIDIA, Amazon, & Alphabet). Or maybe it was management’s belief that just one of its products has by itself the potential to generate ‘north of $10 trillion in revenue’. It may have even related to management guidance for 2026 (no financial targets were provided, but it was said to be ‘epic’) and for 2027 and 2028 (‘ridiculously good’).”

They added:

“What does seem clear is that the move higher in Tesla shares bore no relation whatsoever to the company’s financial performance in the quarter just completed or to its outlook for growth in the coming year.”

As we’ve noted, CEO Elon Musk is doing his best to point investors toward Tesla’s other ventures — robots, AI, autonomous ride hailing, solar roofs — that is, everything besides its struggling electric car business.

For what it’s worth, JPM says fundamentals will “eventually matter” and is predicting a 65% downside to the current share price.

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Report: Meta has acquired Moltbook, the AI-only social network

Meta has acquired the startup Moltbook, which is a viral social network where humans are allowed to read, but only AI agents are allowed to post, according to a report by Axios.

Moltbook’s founders, Matt Schlicht and Ben Parr, will join the Meta Superintelligence Lab, which is run by Alexandr Wang, formerly of ScaleAI.

AI super-users are currently obsessed with OpenClaw (formerly named both Clawdbot and Moltbot), a free tool that lets users run AI agents privately on their home computers that can be interfaced via chat apps, like Slack, WhatsApp, or Telegram. The agents are given wide access to users’ data to allow them to take on a wide variety of tasks like managing emails, organizing files, and controlling home automation. The founder of OpenClaw was recently hired by OpenAI.

A Meta spokesperson told Axios, “The Moltbook team joining MSL opens up new ways for AI agents to work for people and businesses.”

Exclusive: Meta acquires Moltbook, the social network for AI agents

Exclusive: Meta acquires Moltbook, the social network for AI agents

AI super-users are currently obsessed with OpenClaw (formerly named both Clawdbot and Moltbot), a free tool that lets users run AI agents privately on their home computers that can be interfaced via chat apps, like Slack, WhatsApp, or Telegram. The agents are given wide access to users’ data to allow them to take on a wide variety of tasks like managing emails, organizing files, and controlling home automation. The founder of OpenClaw was recently hired by OpenAI.

A Meta spokesperson told Axios, “The Moltbook team joining MSL opens up new ways for AI agents to work for people and businesses.”

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Reuters: SpaceX wants a Nasdaq listing — with early Nasdaq 100 access

SpaceX is leaning toward listing what’s potentially the biggest IPO of all time on Nasdaq, Reuters reports, contingent on early inclusion on the exchange’s Nasdaq 100 index. Typically companies have to wait up to a year before being considered for inclusion in indexes like the S&P 500 or the Nasdaq 100, but Nasdaq recently proposed a change that could decrease that wait time to under a month for megacap companies.

SpaceX is reportedly aiming for a staggering $1.75 trillion valuation and could go public as soon as June. Getting into a major index would spark automatic buying from index funds, lifting demand and liquidity while expanding its investor base. The listing would be a major win for Nasdaq, reinforcing its dominance in Big Tech IPOs and driving billions in index licensing and trading revenue.

Tesla CEO Elon Musk’s rocket company has yet to make a final decision on which exchange it will list on, and the New York Stock Exchange is also competing for the listing, Reuters said.

Exclusive: Elon Musk's SpaceX weighs Nasdaq listing after seeking early index entry, sources say

Exclusive: Elon Musk's SpaceX weighs Nasdaq listing after seeking early index entry, sources say

SpaceX is reportedly aiming for a staggering $1.75 trillion valuation and could go public as soon as June. Getting into a major index would spark automatic buying from index funds, lifting demand and liquidity while expanding its investor base. The listing would be a major win for Nasdaq, reinforcing its dominance in Big Tech IPOs and driving billions in index licensing and trading revenue.

Tesla CEO Elon Musk’s rocket company has yet to make a final decision on which exchange it will list on, and the New York Stock Exchange is also competing for the listing, Reuters said.

Apple manufactured 55 million iPhones — about 25% of its global production — in India last year, Bloomberg reports. That’s up from about 36 million in 2024, as the company has been trying to decrease reliance and avoid tariffs on China.

That share would put the iPhone maker ahead of Wall Street’s schedule. At the start of 2025, analysts predicted Apple’s iPhone production in India would reach 25% by 2027.

“The vast majority of the iPhones sold in the US, or the majority, I should say, have a country of origin of India,” Apple CEO Tim Cook said during the company’s fiscal Q3 2025 earnings call.

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“Tesla killer” Slate Auto switches CEOs ahead of launch later this year

Just months before the expected launch of its $25,000 truck, so-called “Tesla killer” Slate Auto has swapped out its CEO. Former Amazon Marketplace Vice President Peter Faricy is the new leader of the Jeff Bezos-backed company, while the previous CEO, Chris Barman, one of the electric truck maker’s first employees, is now president of vehicles.

“ The marketplace component is really important to us. Being able to understand how to sell things in the 21st century is really important because we're gonna be direct to consumer, without dealerships,” Jeff Jablansky, head of communications at Slate, said of the change. “The way Chris put it is, we are adding horsepower at a critical moment when people are going to be able to actually order their trucks.”

In a social media post just last month, then CEO Barman said the company would unveil the exact price tag for its Blank Slate, which goes on sale late in 2026, in June, but reaffirmed it will be in the mid-$20,000s.

Bezos-backed Slate Auto hires new, ex-Amazon CEO

Bezos-backed Slate Auto hires new, ex-Amazon CEO

“ The marketplace component is really important to us. Being able to understand how to sell things in the 21st century is really important because we're gonna be direct to consumer, without dealerships,” Jeff Jablansky, head of communications at Slate, said of the change. “The way Chris put it is, we are adding horsepower at a critical moment when people are going to be able to actually order their trucks.”

In a social media post just last month, then CEO Barman said the company would unveil the exact price tag for its Blank Slate, which goes on sale late in 2026, in June, but reaffirmed it will be in the mid-$20,000s.

tech

Rani Molla3/9/26

Amazon’s autonomous ride-hailing service now testing in 10 markets

Amazon self-driving subsidiary Zoox announced Monday that it’s testing in two additional markets, Phoenix and Dallas, bringing its total to 10 US markets. The company will begin by mapping select neighborhoods using retrofitted Toyota Highlander SUVs with safety drivers behind the wheel, before progressing to autonomous testing and eventually rolling out its steering-wheel-less, purpose-built vehicles for public users.

The service is currently available to the public in Las Vegas and to select users in the Bay Area, where it’s served 300,000 riders.

Zoox is also opening a third “Fusion Center” facility, in Arizona after Las Vegas and the Bay Area, from which it will provide assistance and coordinate operations for its fleet.

Zoox’s expansion comes as Alphabet’s Waymo recently reached its 10th public market and as Tesla’s Robotaxi says it plans to open in six new markets in the first half of the year.

Zoox is expanding and preparing to bring service to Dallas and Phoenix | Zoox

Zoox is expanding and preparing to bring service to Dallas and Phoenix | Zoox

The service is currently available to the public in Las Vegas and to select users in the Bay Area, where it’s served 300,000 riders.

Zoox is also opening a third “Fusion Center” facility, in Arizona after Las Vegas and the Bay Area, from which it will provide assistance and coordinate operations for its fleet.

Zoox’s expansion comes as Alphabet’s Waymo recently reached its 10th public market and as Tesla’s Robotaxi says it plans to open in six new markets in the first half of the year.

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