- Tesla Inc. and CEO Elon Musk experienced significant developments, highlighted by a 2025 pay package valued at $158 billion and a potential $824 billion payday linked to a prospective merger with SpaceX.
- Meanwhile, North American electric vehicle sales slipped 27% in July to 140,000 units, marking an 18% year-to-date decline to 900,000 units for the first seven months of the year.
- Industry experts advised Tesla to increase marketing investments as the company expands beyond electric vehicles while teasing future innovations such as flying cars.
- AMD filed a Form 13F Holdings Report with the U.S. Securities and Exchange Commission on Friday.
- The company acquired significant new positions, including 4.1M shares of Nutanix and 3.3M shares of SpaceX by the end of the second quarter.
- Additionally, AMD purchased 200K shares of Xanadu Quantum during the same period.
- Tesla stock rose roughly 2% to exceed $345 per share following reports of an upcoming stunt to showcase the flying capabilities of its next-generation Roadster.
- The demonstration may occur as early as this month at a SpaceX testing site in McGregor, Texas, utilizing a SpaceX cold-gas thruster.
- This planned event follows CEO Elon Musk's recent social media confirmation that customers would indeed receive flying cars.