Google burning through cash with spiralling AI costs

The company said earlier this year it expected to spend as much as $190bn on AI investments.

FirstFT: Google burned through cash last quarter amid AI infrastructure splurge

Also in today’s newsletter: OpenAI ‘agent’ hacks into start-up and India’s Gen Z takes on Modi

Tesla’s profits slide despite growing revenue as it pivots to robotics and AI

Shares in Elon Musk company fall more 3% in after-hours trading, as earnings per share miss Wall Street expectations Tesla reported its second-quarter earnings on Wednesday, disclosing far lower profits than expected. The company’s already beleaguered stock, which had fallen around 14% this year to date, dipped further following the earnings report. Elon Musk’s automaker, once the pinnacle of his tech empire, has taken a back seat to SpaceX. Musk’s rocket and AI company held the largest stock...

By Nick Robins-Early

We have more numbers on Tesla's Robotaxi progress. Here are the 7 that matter most.

Tesla said Robotaxi operates in seven US markets, with six now offering unsupervised rides. Tim Goessman/Bloomberg via Getty Images Tesla continues to scale its Robotaxi service, adding more cities and unsupervised rides. The company said it operates in seven US markets, including two Florida cities added Tuesday. Tesla's VP of AI said more than 380,000 miles were driven without a safety monitor. Tesla has some numbers to tout for its progress on Robotaxi. CEO Elon Musk and other executives...

Earnings at Musk's car company fall as research spending cuts into profit from selling cars

Tesla's profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle sales

By Alex Veiga

‘Doctor Strange’ Director Says Elon Musk ‘Doesn’t Know S— About Cinema’ After Musk Vows to Make AI ‘Odyssey’: ‘His Opinions on Art Are Worthless’

Elon Musk’s crusade against Christopher Nolan’s “The Odyssey” has raised eyebrows in Hollywood after the newly minted trillionaire vowed that before the end of the year, his AI tool Grok “will make a full-length movie of The Odyssey that is historically accurate and true to the art of Homer.” Musk also shared a three-minute clip […]

By Ethan Shanfeld

Tesla’s autos engine is under strain as Musk pivots beyond cars, shares fall 15% in 2026

The profit miss and cash burn come despite record vehicle deliveries in the quarter as a fuel-price surge sparked by the Iran war drove EV demand.

Tesla Profit Falls As Musk Ramps Up Spending On AI, Robotaxis

Tesla's second-quarter profit dropped 12% as R&D spending jumped 49%, even as revenue and vehicle sales beat Wall Street expectations

Tesla shares fall as Musk touts ambitious – and costly – plans

Tesla reported second-quarter profits of US$1.1 billion, down about 5 per cent from the year-ago level.

Musk: Micron gave Tesla 'significant' allocation of memory chips

Musk keeps Tesla-SpaceX merger speculation alive, cites growing overlap

Tesla CEO Elon Musk on Wednesday left the door open to the EV ‌maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to dismiss the possibility and citing growing overlap between the companies.

By Abubakar Ibrahim