Tag

Tesla

Business

Wall Street just punished Big Tech's AI spending spree — and Canadian portfolios felt it

The Nasdaq had its worst day since June as investors questioned trillion-dollar AI bets. Meta fell 8% after a $10-billion legal charge hit its earnings.

Money

Tech sold off again and oil just hit $112 — as the U.S. ordered diplomats' families out of Saudi Arabia

Meta's AI spending plans and Tesla's capex cut spooked tech, while fresh Houthi attacks in Saudi Arabia sent Brent toward a five-month high. The AI-trade wobble is now a Middle East story too.

Business

Tesla's profit fell 43% this quarter — but record Canadian deliveries helped save the story

Revenue held flat at $28.05 billion as margins got squeezed by AI and robot spending. The bright spots: FSD now rides along in more than 75% of North American deliveries, and Canada just set a record.

Business

Musk's $3.5-trillion what-if: SpaceX just posted a monster quarter and a Tesla merger is on the table

SpaceX revenue jumped 161% to $14.6 billion in Q3, and on the earnings call Elon Musk confirmed both companies have set up special committees to study a merger — worth roughly $3.5 trillion combined.