Tesla board members and executive sold $100M+ in stocks in the last few weeks

$100M+

In the last few weeks, three Tesla board members and a company executive have offloaded more than $100 million in stock, ABC News reports. Board member James Murdoch was the latest to do so, selling about $13 million worth of stock on March 10, a day when the stock dropped more than any day in five years. Tesla stock has been tumbling precipitously since CEO Elon Musk started further dividing his attention away from his private-sector leadership roles with the Department of Government Efficiency, and is down nearly 4% premarket.

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Rani Molla58m

SpaceX and Tesla’s Terafab could cost $119 billion — far more than expected

The initial phase of SpaceX and Tesla’s joint chip production effort, called Terafab, could cost $55 billion, with additional phases adding up to $119 billion in capital investment, Reuters reports, citing a notice posted on a Texas county website. Ultimately the goal of Terafab is to build enough in-house AI chip capacity to supply both companies.

The price tag is also higher than expected. Morgan Stanley had previously estimated Terafab would cost $34 billion to $45 billion.

Fortunately for Tesla, whose capex is expected to skyrocket this year, much of the early spending will sit on SpaceX’s balance sheet.

Here’s Musk on the last earnings call:

“SpaceX is going to take care of like the initial phase of the scaled up Terafab... Any kind of intercompany thing has to be approved by both the SpaceX and Tesla board of directors. It’s got to go through a conflict resolution. It’s going to have, unfortunately, a lot of complexity because we’ve got to make sure Tesla shareholders are served and SpaceX shareholders are served, and strike the right balance there.”

SpaceX files plan for $55 billion Terafab chip facility in Texas

The price tag is also higher than expected. Morgan Stanley had previously estimated Terafab would cost $34 billion to $45 billion.

Fortunately for Tesla, whose capex is expected to skyrocket this year, much of the early spending will sit on SpaceX’s balance sheet.

Here’s Musk on the last earnings call:

“SpaceX is going to take care of like the initial phase of the scaled up Terafab... Any kind of intercompany thing has to be approved by both the SpaceX and Tesla board of directors. It’s got to go through a conflict resolution. It’s going to have, unfortunately, a lot of complexity because we’ve got to make sure Tesla shareholders are served and SpaceX shareholders are served, and strike the right balance there.”

Rani Molla20h

Apple to let users choose between Anthropic, Google, and OpenAI models

Apple has been inching toward letting outside AI power its devices — and now it’s going further.

The company plans to let users choose between rival AI models across iOS 27, due this fall, expanding beyond ChatGPT to include players like Google and Anthropic, Bloomberg reports. The difference this time: deeper integration, with outside models powering features like Siri, writing tools, and image generation across the system.

Currently, Apple’s voice assistant, Siri, gives users the ability to query ChatGPT, but doing so requires a clunky extra step and usage has been poor. Meanwhile, Apple’s own AI tools have fallen short. (Apple has decided to use Google’s Gemini to power Siri in the future.) It’s not clear users care which AI is under the hood — as long as it works.

Apple to Let Users Choose Rival AI Models Across Its iOS 27 Features

Rani Molla22h

FactSet and S&P Global fall after Anthropic releases financial services agents

FactSet and S&P Global are trading lower after Anthropic unveiled a set of AI agents meant to automate financial services work. Both stocks also sold off earlier this year after Anthropic’s Claude introduced financial research tools.

The 10 agents handle tasks like earnings analysis, market research, financial modeling, and auditing — tasks that mirror how analysts use FactSet and S&P Global’s data and research platforms.

Agents for financial services and insurance

Rani Molla23h

Big publishers sue Meta over AI training

A group of major publishers, including Elsevier, McGraw Hill, and Hachette, sued Meta on Tuesday, alleging the company used millions of pirated books and journal articles to train its Llama models. The case escalates earlier lawsuits led by individual authors, bringing in deeper-pocketed players with more coordinated legal firepower.

Meta says AI training qualifies as fair use and plans to fight the class-action lawsuit. But the stakes are rising: a similar case against Anthropic settled for $1.5 billion last year, and courts have yet to determine a consistent standard for evaluating such claims.

Major publishers sue Meta for copyright infringement over AI training

Rani Molla5/5/26

Alphabet to tap international bond markets again as AI spending surges

Alphabet is tapping European debt markets again as its AI spending ramps up.

The Google parent is selling at least €3 billion ($3.5 billion) in bonds across six tranches, according to Bloomberg. The filing says that it’s for “general corporate purposes,” and the timing aligns with its plans to spend up to $190 billion this year on data centers and other AI infrastructure. In a separate filing released today, Alphabet also said it’s issuing Canadian dollar-denominated bonds, colloquially referred to as a “maple bonds,” but no values were available.

These are the latest in a broader funding push as the company increases its already high capex expectations. Earlier this year, Alphabet raised about $20 billion in a heavily oversubscribed US bond sale and also tapped sterling and Swiss franc markets as part of a roughly $32 billion deal.

Alphabet Returns to Euro Debt Market for Latest AI Megabond Deal

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