T-Rex 2X Long Tesla Daily Target ETF

Tesla volume yesterday was well under its average and it barely moved while every other name on my screen was doing something. the China restructuring chatter has been going for a week and the stock has decided it will react later, at a time of its own choosing 🫡

SpaceX reported a strong public-market debut, with revenue rising 92% to US$7.8 billion and exceeding expectations. However, shares fell 13% after management projected significantly higher capital expenditure of US$18.4 billion, highlighting near-term investment needs. Elon Musk’s confirmation that SpaceX’s AI infrastructure will rely exclusively on Nvidia chips further reinforced confidence in Nvidia. Broader markets were mixed, as the Dow reached a record high while the S&P 500 and Nasdaq pulled back after recent gains.

Musk literally said exclusively on the call and $NVIDIA(NVDA.US) closed up for a fifth straight day. everyone else is arguing about whether AI capex is too big while one company just books it as revenue 🫡

This week, I'm focusing more on SpaceX than DBS. DBS posted record profit and crossed S$6 billion in total income, confirming the strength of its business. But SpaceX's earnings gave investors a clearer picture of where the AI investment cycle is heading.

The market punished SpaceX for its huge AI capex, but I see it as a long-term investment. With Elon Musk doubling down on Nvidia-powered AI infrastructure, it reinforces my view that AI spending is far from over, even if near-term profits come under pressure.

That's why I remain positive on the semiconductor and AI infrastructure theme. The recent pullback hasn't changed my conviction—I see it as an opportunity to continue building positions while sentiment stays cautious.

DBS crossing S$6B in total income with record profit shows Singapore banks are still printing in a high-rate world. That’s real cash flow, no capex drama. SpaceX getting hit 13% after beating revenue is just public markets learning to price heavy AI spend. Musk locking compute to Nvidia means the AI arms race is accelerating, not slowing. Gold +4% is the hedge, and DBS is the steady compounder in the mix.

This makes no sense with 911.5M new $SpaceX(SPCX.US) shares potentially entering SPCX’s float tomorrow, which will double its size.

UBER 2Q26 First Take: Q2 results were broadly in line, neither a beat nor a miss. With the Robotaxi threat still looming, the market wanted an upside surprise to get more conviction. In this setup, no good news effectively reads as bad news. Specifically:

1) Rides: gross bookings ex-FX grew 20% YoY, flat vs. last quarter and roughly in line with Street. Revenue rose just 1%, which looks soft at first glance. But similar to last quarter, management cut prices, redeploying insurance savings and using subsidies to offset higher fuel, so both bookings and Adj. profit of $2.22bn (7.6% margin) met or slightly beat.

The only blemish: Rides margin dipped 10bps QoQ due to deliberate price/take-rate cuts. While a proactive choice, it can also be read as a preemptive move amid the Robotaxi competitive overhang.

2) Delivery outperformed again. Gross bookings ex-FX rose 25% YoY, accelerating by 200bps QoQ. Revenue grew 27%, while Adj. OP rose 38%, showing clearer operating leverage.

One small miss: Delivery margin reached 3.8%, up YoY and QoQ, but a touch below the Street at 3.9%.

3) Total revenue was up 12% YoY, slightly below due to Rides. Since most Rides subsidies were funded by lower insurance costs, GP, which better reflects underlying performance, rose 27% YoY, above overall bookings growth and above the Street at +22%.

Also, GAAP OP came in just $140mn below expectations on higher opex, but that was driven by a roughly $480mn one-off accrual. On a like-for-like basis, Adj. OP was slightly better than expected.

4) Overall, no major blemishes this quarter; both volume and profit delivered. 20%+ bookings growth and ~40% Adj. OP growth are solid.

The main gap is in the outlook: management guides next-quarter bookings growth to 18–20%, a likely low-single-digit decel vs. this quarter but broadly in line with sell-side. Adj. EBITDA growth of 29% is above Street, yet below the ~33% actually achieved this quarter, implying slower volume and profit growth ahead. That said, UBER often outperforms its own guide, so next quarter will likely resemble this one. $Uber Tech(UBER.US)

$Tesla(TSLA.US)Tesla shares have dropped quite drastically, and seeing the stock price fall really made my heartbeat drop too. 📉 Hopefully this is only a temporary correction and the price will recover over time. Luckily, I didn’t invest too much money into Tesla, so the losses are still manageable. For now, I’ll stay patient, keep monitoring the market, and avoid making emotional decisions. Hopefully better days are coming for Tesla investors!

US stocks were mixed pre-market (SPX +0.2%, NDX -0.2%) as Trump signaled a possible Strait of Hormuz deal with Iran as early as Wednesday, tempered by Iran-backed Houthi threats to disrupt Red Sea travel. Brent rose +1.1% to $80/bbl; gold and silver gained. Notable pre-mkt movers included $SpaceX(SPCX.US) -9% on surging AI spending, $Match(MTCH.US) -10% on disappointing paying users and revenues, and $Eli Lilly(LLY.US) +3% on lackluster Wegovy pill sales at competitor $Novo Nordisk AS(NVO.US). Equities remain fully priced with 2026 EPS estimates now $346 (+25% YoY) on AI and energy gains, implying a 22x forward P/E and an earnings yield below 10yr Treasury yields for the first time since early 2024, and before that 2000. I remain cautious on $Tesla(TSLA.US) amid falling estimates, the continued commoditization of unsupervised autonomy, and an extended valuation.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ $Disney(DIS.US), $Uber Tech(UBER.US), $Eli Lilly(LLY.US), $Kraft Heinz(KHC.US), $Occidental Petroleum(OXY.US), and $Shopify (SHOP.US) report earnings today. On Friday, we get July employment numbers.

SpaceX's first earnings report released on Tuesday: revenue of $7.81 billion significantly exceeded expectations, up 92% year-over-year, while net loss narrowed from $1 billion in the same period last year to $541 million. Driven by the broader market, the stock rose approximately 9%.

However, after hours, as investors focused on the $18.4 billion quarterly capital expenditure (about six times that of the same period last year) rather than profitability itself, the stock sharply reversed and fell about 9% to around $114.

Although both revenue and losses increased significantly, Wall Street remains unconvinced by the AI capital expenditures.

The stock trends for SpaceX and Tesla are basically the same; idealists ultimately have to deliver answers in the real world.

SpaceX rallying 9% then reversing 9% tells you everything. Revenue beat means nothing when you burn $18.4B in one quarter. That’s not sustainable, that’s Tesla 2018 vibes. Dow hitting 54K feels like late-cycle euphoria while PLTR’s 29% pop looks like AI FOMO again. If the market can’t handle one big capex number without panic, breadth is way too fragile.

Elon Musk partner with Jensen again for SpaceX saying he is still the best

$NVIDIA(NVDA.US) SpaceX reported its first quarterly results as a public company after the market close on Tuesday. On the conference call following the print, Musk suggested that Nvidia systems are superior to competitors. “Going forward, we have decided to build exclusively on Nvidia because we think the Vera Rubin architecture is the best architecture. We think it’s the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia,” Musk said on the call.The SpaceX CEO further stated the company plans to launch Nvidia’s Vera Rubin NVL72 system, starting next year. “We think the design of the NVL72 VR computer is a much better design than is typical than, say, having a standard rack-style design, and so we expect to actually deploy this on the ground, as well as in orbit,” Musk said. This is obviously great news for Nvidia investors but the stock has been stuck at the 220 levels, failing to push past resistance. With earnings coming up in 3 weeks as well, let's see where the stock will head towards. @Captain's Treasure

Spacex CEO Elon Musk Says Co Expects to Receive a "Significant Percentage" of Nvidia Gpus Next Year - $SpaceX(SPCX.US) $NVIDIA(NVDA.US)

$SpaceX(SPCX.US) | Musk: SpaceX now targets $1 trillion in revenue by 2030, not 2031.