Tesla Option Alert: Fri $297.5 Calls at the Bid: 300 vs 6600 OI

Tesla Option Alert: Fri $297.5 Calls at the Bid: 300 @ $38.45 vs 6600 OI; Ref=$336.6984

Tesla Option Alert: Fri $302.5 Calls at the Bid: 300 vs 3840 OI

Tesla Option Alert: Fri $302.5 Calls at the Bid: 300 @ $33.73 vs 3840 OI; Ref=$336.6984

Tesla Option Alert: Fri $297.5 Calls at the Bid: 500 vs 6600 OI

Tesla Option Alert: Fri $297.5 Calls at the Bid: 500 @ $38.69 vs 6600 OI; Ref=$336.78

Tesla Option Alert: Fri $302.5 Calls at the Bid: 500 vs 3840 OI

Tesla Option Alert: Fri $302.5 Calls at the Bid: 500 @ $33.97 vs 3840 OI; Ref=$336.7765

Tesla Option Alert: Fri $295 Calls at the Bid: 500 vs 12909 OI

Tesla Option Alert: Fri $295 Calls at the Bid: 500 @ $40.75 vs 12909 OI; Ref=$335.47

Tesla Option Alert: Fri $300 Calls at the Bid: 500 vs 27556 OI

Tesla Option Alert: Fri $300 Calls at the Bid: 500 @ $36.05 vs 27556 OI; Ref=$335.47

Tesla Option Alert: Fri $355 Calls Sweep (3) near the midpoint: 5183 vs 8170 OI

Tesla Option Alert: Fri $355 Calls Sweep (3) near the midpoint: 5183 @ $2.89 vs 8170 OI; Ref=$334.62

Tesla Option Alert: Jun 20 $395 Calls Sweep (29) near the Bid: 600 vs 7067 OI

Tesla Option Alert: Jun 20 $395 Calls Sweep (29) near the Bid: 600 @ $8.909 vs 7067 OI; Ref=$335.62

Tesla Option Alert: Fri $340 Calls Sweep (132) above Ask!: 1000 vs 14783 OI

Tesla Option Alert: Fri $340 Calls Sweep (132) above Ask!: 1000 @ $7.274 vs 14783 OI; Ref=$336.06

Tesla Option Alert: Jun 20 $350 Calls Sweep (26) near the Bid: 276 vs 22276 OI

Tesla Option Alert: Jun 20 $350 Calls Sweep (26) near the Bid: 276 @ $19.958 vs 22276 OI; Ref=$334.86

Tesla Option Alert: Fri $342.5 Calls at the Bid: 5000 vs 14392 OI

Tesla Option Alert: Fri $342.5 Calls at the Bid: 5000 @ $6.12 vs 14392 OI; Ref=$334.06

Tesla Option Alert: Fri $335 Puts at the Bid: 650 vs 2395 OI

Tesla Option Alert: Fri $335 Puts at the Bid: 650 @ $8.45 vs 2395 OI; Ref=$332.8507

Tesla Option Alert: Aug 15 $330 Calls Sweep (7) near the Ask: 240 vs 9000 OI

Tesla Option Alert: Aug 15 $330 Calls Sweep (7) near the Ask: 240 @ $44.999 vs 9000 OI; Ref=$336.115

Tesla Option Alert: Jan, 2027 $930 Puts Sweep (3) near the Bid: 12 vs 1 OI

Tesla Option Alert: Jan, 2027 $930 Puts Sweep (3) near the Bid: 12 @ $599.8 vs 1 OI; Ref=$334.8799

Tesla Option Alert: Jan, 2027 $920 Puts Sweep (3) near the Bid: 14 vs 17 OI

Tesla Option Alert: Jan, 2027 $920 Puts Sweep (3) near the Bid: 14 @ $589.747 vs 17 OI; Ref=$332.95

Tesla Option Alert: Jun 20 $305 Puts Sweep (58) near the Bid: 766 vs 2930 OI

Tesla Option Alert: Jun 20 $305 Puts Sweep (58) near the Bid: 766 @ $15.05 vs 2930 OI; Ref=$322.65

Tesla Option Alert: Fri $305 Calls Sweep (27) near the Ask: 753 vs 10604 OI

Tesla Option Alert: Fri $305 Calls Sweep (27) near the Ask: 753 @ $19.75 vs 10604 OI; Ref=$322.39

Tesla (NASDAQ:TSLA) 주식

TESLA INC

Tesla

Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling more affordable vehicles, a sports car, and offer a robotaxi service. Global deliveries in 2024 were a little below 1.8 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.

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Politics

PARA

TSLA

지난주는 비즈니스와 정치 세계에서 중요한 발전으로 가득했다. 도널드 트럼프 대통령의 관세가 일시적으로 유지되는 것부터 파라마운트 글로벌(NASDAQ:PARA)과 트럼프 대통령 간의 잠재적 합의까지, 이러한 이야기들은 시장을 떠들썩하게 만들었다. 자세한 내용을 살펴보자.

주간 미국 정치 뉴스: 트럼프 관세, 파라마운트의 합의 제안, 머스크의 DOGE 임기 등

San,Jose,,California,Us,-,December,21,,2024:,Tesla,Logo

Markets

AAPL

MSFT

퓨처 펀드(Future Fund LLC)의 매니징 디렉터이자 저명한 시장 분석가인 게리 블랙은 테슬라(NASDAQ:TSLA)의 높은 선행 주가수익비율(P/E)에 대한 우려를 표명하며 현재의 평가가 지속 가능한지 의문을 제기했다.

게리 블랙, 테슬라의 높은 선행 P/E에 의문을 제기: &#39;180배 P/E를 정당화하려면 장기 성장률이 필요&#39;

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Broad U.S. Equity ETFs

AIYY

COPJ

KORU

NVDA

URAA

지난주, 메모리얼 데이로 단축된 월스트리트에서는 지정학적 긴장, 기업 실적  경제 데이터에 반응하여 롤러코스터 같은 움직임이 있었다. 변동성에도 불구하고 일부 ETF는 더 나은 성과를 보이며 투자자들에게 기회의 주머니를 제공했다.

이번 주 ETF: 엔비디아, 연준 및 중국 영향으로 시장이 요동치는 가운데 성과를 높인 5개의 펀드

Tesla Inc

In a move that could escalate trade tensions with the U.S., Germany is reportedly contemplating imposing a 10% tax on major online platforms, including&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">Meta Platforms Inc. </a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</a>.&nbsp;
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) isn&#8217;t a company usually associated with national security, but it is in the crosshairs of President&nbsp;Donald Trump, now an expert has <a target="_blank" href="https://www.benzinga.com/markets/25/05/45603673/trumps-targeting-of-apple-isnt-random-analyst-says-its-a-calculated-move-for-maximum-political-gain" rel="noreferrer noopener">given his take on the situation</a>.
Entertainment
JioHotstar, the newly merged streaming platform from&nbsp;Walt Disney Co.&nbsp;and&nbsp;Mukesh Ambani&#8217;s Reliance, has added 230 million subscribers in just three months, bringing its total to 280 million, nearly matching&nbsp;Netflix Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) <a target="_blank" href="https://www.benzinga.com/25/05/45604822/disney-and-ambanis-jiohotstar-adds-230-million-subscribers-in-3-months-nears-netflixs-global-total-driven-by-crickets-unmatched-pull-in-india" rel="noreferrer noopener">300 million global users</a>.
Technology
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang's&nbsp;rejection of&nbsp;PowerPoint&nbsp;presentations isn&#8217;t a quirky habit—it&#8217;s part of a broader trend among some of the most successful tech leaders who believe slide <a target="_blank" href="https://www.benzinga.com/media/25/05/45614590/jensen-huang-isnt-a-powerpoint-fan-neither-are-jeff-bezos-and-elon-musk-why-slide-decks-dont-cut-it-for-todays-tech-leaders" rel="noreferrer noopener">decks are a barrier to real thinking</a>.
Nvidia CEO&nbsp;Jensen Huang&nbsp;said that he believes&nbsp;Tesla&#8217;s&nbsp;Optimus&nbsp;humanoid robot&nbsp;could be the first to reach mass adoption and trigger <a target="_blank" href="https://www.benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen-huang-likely-to-be-the-next-multi-trillion-dollar-industry" rel="noreferrer noopener">a multi-trillion-dollar industry</a>.
Alphabet&#8217;s&nbsp;CEO&nbsp;Sundar Pichai&nbsp;has firmly rejected the notion that anyone at&nbsp;Google&nbsp;can manually alter search rankings, even in response to <a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">Donald Trump&#8217;s</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">&nbsp;complaints</a>.
Years after&nbsp;a controversial split,&nbsp;Mark Zuckerberg&#8217;s Meta Platforms&nbsp;and&nbsp;Palmer Luckey&nbsp;are teaming up again—this time to equip U.S. soldiers <a target="_blank" href="https://www.benzinga.com/media/25/05/45687185/mark-zuckerbergs-meta-reunites-with-palmer-luckey-to-equip-us-soldiers-with-eagleeye-an-ai-powered-combat-headset-that-can-detect-drones" rel="noreferrer noopener">with next-gen combat headsets</a>.
Smartphones
Apple CEO&nbsp;Tim Cook has found himself at the receiving end of President&nbsp;Donald Trump‘s criticism, marking a stark contrast to their previously warm relationship, but reports suggest iPhone production in <a target="_blank" href="https://www.benzinga.com/25/05/45612848/trumps-recent-wrath-on-apple-ceo-tim-cook-is-also-tied-to-the-middle-east-not-just-india-report" rel="noreferrer noopener">India is not the only reason</a>.
A fresh wave of tariff threats is hanging over&nbsp;Apple, but JPMorgan&#8217;s Samik Chatterjee isn&#8217;t downgrading Apple stock. In fact, he&#8217;s sticking to an Overweight rating, calling&nbsp;the company &#8220;well positioned&#8221;&nbsp;t<a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45608580/apple-may-hike-iphone-price-but-well-positioned-to-eat-tariff-bite-says-analyst" rel="noreferrer noopener">o weather the cost shock</a>.
Apple&nbsp;supplier&nbsp;Foxconn&nbsp;is set to announce a partnership with a second Japanese auto manufacturer as the Taiwanese <a target="_blank" href="https://www.benzinga.com/25/05/45667851/apple-supplier-foxconn-set-to-announce-second-japanese-auto-partner-as-it-turns-to-evs" rel="noreferrer noopener">manufacturer turns towards EVs</a>.
A new leak from a&nbsp;Weibo&nbsp;tipster,&nbsp;Digital Chat Station, suggests that&nbsp;Apple is working on a significant camera upgrade for a future&nbsp;iPhone&nbsp;model — <a target="_blank" href="https://www.benzinga.com/25/05/45637477/iphone-camera-could-get-its-biggest-upgrade-yet-with-200mp-sensor-leak-suggests-will-apple-finally-catch-up-to-samsung" rel="noreferrer noopener">a 200-megapixel sensor</a>.
Apple is reportedly preparing to rebrand its software platforms by introducing <a target="_blank" href="https://www.benzinga.com/25/05/45661713/apple-to-rename-all-operating-systems-for-2026-ios-macos-ipados-get-year-based-overhaul-and-fresh-look" rel="noreferrer noopener">a year-based naming system</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45638355/headline-apples-former-design-chief-jony-ive-called-phones-and-laptops-legacy-platforms-google-ceo-sundar-pichai-said-pulling-out-a-black-glass-rectangle-wont-make-sense-forever-though-new-age-devices-havent-really-taken-off-yet" rel="noreferrer noopener">Apple&#8217;s Former Design Chief Jony Ive Called Phones And Laptops &#8216;Legacy Platforms:&#8217; Sundar Pichai Says Pulling Out A &#8216;Black Glass Display Rectangle&#8217; Won&#8217;t Make Sense Forever</a>
Automobiles/Spacecraft
Regulators from China&#8217;s commerce ministry are set to meet with executives from several Chinese automakers, including EV giant&nbsp;BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), to discuss the<a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45611701/chinese-regulators-will-meet-tesla-rival-byd-other-companies-to-discuss-zero-mile-used-cars-report" rel="noreferrer noopener"> surge in zero-mile used car sales</a>.
One of the major dealers of Chinese EV giant&nbsp;BYD has reportedly shut down its operations across multiple cities in China as the company <a target="_blank" href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report" rel="noreferrer noopener">expands into the European market</a>.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO&nbsp;Elon Musk&nbsp;said that the company&#8217;s Starship rocket, a crucial element in the billionaire&#8217;s plans to set up a colony on Mars, can <a target="_blank" href="https://www.benzinga.com/25/05/45612033/elon-musk-touts-spacexs-starship-rocket-ahead-of-launch-says-it-can-reach-mars-in-six-months" rel="noreferrer noopener">reach the red planet in 6 months</a>.
Elon Musk&#8216;s EV giant recorded over 11,000 new insured registrations in the Chinese market for the week ending May 25, according to a post on social media platform X on Tuesday by&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Future Fund LLC</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">&#8216;s&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Gary Black</a>.
Tesla sales fell 49% YoY in Europe for April as&nbsp;Elon Musk&#8216;s EV giant continues to <a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market" rel="noreferrer noopener">grapple with global challenges</a>.
Tesla rival&nbsp;Li Auto Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) will release two new SUVs this year and could also release the company&#8217;s first-ever sedan, provided the <a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45691082/tesla-rival-li-auto-will-release-2-new-suvs-this-year-ceo-li-xiang-hints-at-companys-first-sedan" rel="noreferrer noopener">market conditions are favorable</a>.
Tesla will launch its Robotaxi service in Austin on June 12, with CEO&nbsp;Elon Musk&nbsp;confirming that the company is <a target="_blank" href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule" rel="noreferrer noopener">currently testing the Model Y</a>.
Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) CEO&nbsp;RJ Scaringe&nbsp;has shared a sneak peek of the upcoming Rivian R2&#8217;s rear suspension, <a target="_blank" href="https://www.benzinga.com/25/05/45642153/rivian-ceo-rj-scaringe-touts-45000-rivian-r2s-updated-rear-suspension-cant-wait-for-folks" rel="noreferrer noopener">ahead of the planned 2026 launch</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45617151/ubs-maintains-neutral-rating-for-rivian-stock-sets-price-13-price-target" rel="noreferrer noopener">Rivian Stock Above $15, But UBS Sees Fair Value At $13 Amid Affordability Concerns</a>
Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), the parent company of brands like&nbsp;Dodge&nbsp;and&nbsp;Jeep, has appointed&nbsp;Antonio Filosa&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45638939/stellantis-names-antonio-filosa-ceo-amid-uncertainty-over-trumps-50-eu-tariff-threat" rel="noreferrer noopener">as the new chief executive officer</a>.
General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will invest $888 million in its Tonawanda Propulsion facility, where the company manufactures V-8 engines that power its <a target="_blank" href="https://www.benzinga.com/tech/25/05/45640639/general-motors-to-invest-888-million-in-ny-v-8-engine-plant-despite-surge-in-ev-market-share" rel="noreferrer noopener">SUVs and Full-Size Trucks</a>.
Artificial Intelligence
Some news headlines and social media chatter have stirred excitement—and confusion—over whether all UAE residents now get free access to&nbsp;ChatGPT Plus&nbsp;<a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">as part of</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;OpenAI&#8217;s</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;latest expansion</a>.
On Wednesday, the legal battle between&nbsp;OpenAI&nbsp;and&nbsp;Elon Musk&nbsp;escalated as the&nbsp;ChatGPT&nbsp;maker urged a judge to allow its countersuit to proceed, accusing the billionaire of <a target="_blank" href="https://www.benzinga.com/25/05/45686378/openai-fights-to-keep-countersuit-alive-against-elon-musk-over-profit-shift-calls-his-974-billion-bid-a-media-stunt" rel="noreferrer noopener">fraud and media manipulation</a>.
Chinese AI startup&nbsp;DeepSeek, which triggered a&nbsp;$600 billion drop&nbsp;in&nbsp;Nvidia Corporation&#8217;s&nbsp;market value with the release of its&nbsp;R1&nbsp;model in January, has quietly launched an updated version <a target="_blank" href="https://www.benzinga.com/media/25/05/45662927/chinas-deepseek-quietly-drops-r1-ai-update-that-nearly-matches-openai-o4-mini-and-beats-elon-musks-grok-3-mini" rel="noreferrer noopener">of its reasoning model</a>.
Kevin O&#8217;Leary&nbsp;is on a mission to make AI fluency essential for business leaders—and he&#8217;s hiring <a target="_blank" href="https://www.benzinga.com/25/05/45663361/kevin-oleary-wants-to-teach-every-ceo-how-to-use-aiand-hes-hiring-people-to-do-it-calling-it-a-lifetime-career-opportunity" rel="noreferrer noopener">trainers to make it happen</a>.
Image: Shutterstock/JHVEPhoto

News

BYDDF

GOOG

NFLX

RIVN

STLA

Consumer Tech News (May 26-May 30): Germany May Impose 10% Online Platform Tax, Tesla's European Sales Slump & More

Elon Musk <a href="https://x.com/elonmusk/status/1926660721598681220">posted on X</a> on Sunday a segment from a year-old Yahoo Finance <a href="https://www.youtube.com/watch?v=ER7iqeYx9HU">interview</a> with Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang.&nbsp;
The conversation touched on many interesting points, but the reason Musk posted it is because of Huang's take on self-driving cars that stood out.&nbsp;
<h2 class="wp-block-heading">Huang: Autonomous Driving Is the Future</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/DryiuFJDof">pic.twitter.com/DryiuFJDof</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1926660721598681220?ref_src=twsrc%5Etfw">May 25, 2025</a></blockquote>
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<a href="https://www.benzinga.com/news/24/05/38979880/thanks-jensen-elon-musk-reacts-to-nvidia-ceos-praise-of-teslas-full-self-driving-technology">Huang called Tesla</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) &#8220;far ahead in self-driving cars&#8221; and predicted that every automaker will need to follow suit. &#8220;Every single car someday will have to have autonomous capability,&#8221; Huang said. &#8220;It's safer, it's more convenient, it's more fun to drive.&#8221;
He explained that training self-driving systems is evolving. Instead of using labeled images, companies now feed raw video into AI models. &#8220;Now we just put video right into the car and let the car figure it out by itself,&#8221; he said. This shift mimics how large language models are trained and signals a move toward AIs that better understand the physical world.
Huang praised Tesla&#8217;s use of end-to-end generative AI in its Full Self-Driving system. &#8220;It learns from watching video, surround video, and it learns about how to drive end-to-end,&#8221; he said. &#8220;It's really revolutionary.&#8221;
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Massive Computing Demands Ahead</h2>
Video-based AI requires enormous data and processing power, and Huang made clear that Nvidia is ready. &#8220;The best way to teach these AIs how the physical world behaves is through video—just watching tons and tons and tons of videos,&#8221; he said.
Beyond Tesla, Huang cited growing interest from other automakers and industries. He said biotech companies are <a href="https://www.benzinga.com/news/25/05/45602697/abu-dhabi-backed-g42-and-igenius-team-up-to-build-europes-most-powerful-ai-supercomputer-using-nvidia-chips-in-italy">building AI supercomputers</a> to generate molecules for drug discovery, and that even cloud providers are being outpaced by new sectors jumping into generative AI.
&#8220;We now have a software and AI model that can understand and learn almost any language—the language of English, of images, of video, of chemicals, of protein, even physics,&#8221; Huang said. &#8220;And to be able to generate almost anything.&#8221;
See Also: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
<h2 class="wp-block-heading">Skepticism Around Tesla's Robotaxi Plans</h2>
While Huang praised Tesla's approach, not everyone in the financial world is fully on board with its near-term autonomous driving ambitions. Future Fund LLC Managing Director Gary Black recently <a href="https://www.benzinga.com/25/05/45582499/gary-black-slams-teslas-unsupervised-autonomous-driving-ahead-of-austin-robotaxi-launch-i-have-warned">voiced concern</a> about investor expectations tied to Tesla's Robotaxi rollout.
&#8220;I have warned $TSLA investors numerous times not to get too far ahead of themselves on unsupervised autonomy, including again yesterday,&#8221; Black <a href="https://x.com/garyblack00/status/1925509531397677313">wrote on X</a> on May 22.
He expects the term &#8220;supervised autonomy&#8221; to become more common as Tesla moves closer to launching its ride-hailing Robotaxi service in Austin, Texas. &#8220;Which is a far cry from unsupervised autonomy that supports many investors&#8217; robotaxi valuation models,&#8221; he added.
CEO Elon Musk has said Tesla plans to <a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once">launch the Robotaxis by the end of June</a>, starting with over 10 vehicles. He also noted the company would be &#8220;very careful&#8221; with the first introduction of unsupervised full self-driving.
Musk also dismissed the idea of working with ride-hailing company Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), hinting instead at a proprietary Tesla platform where owners could add or remove their vehicles from the fleet.
Read Next:
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<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>
Image: Shutterstock

UBER

Jensen Huang Praised Tesla, Said Every Car Will Need Autonomous Capability—'It's Safer, It's More Convenient, It's 'More Fun To Drive'

The past week has been a rollercoaster ride for the EV industry, with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) making headlines. From Tesla&#8217;s Cybertrucks being added to the Mexican police fleet for the 2026 FIFA World Cup to Chinese regulators meeting with BYD to discuss &#8216;Zero Mile&#8217; used cars, there&#8217;s a lot to catch up on. Let&#8217;s dive in.
Tesla Cybertrucks Join Mexican Police Fleet For 2026 FIFA World Cup
Despite a dip in consumer demand, Tesla&#8217;s Cybertrucks have found a new customer &#8211; the Mexican police. The bulletproof durability of these vehicles makes them an attractive choice for law enforcement, especially with the 2026 FIFA World Cup on the horizon.
<a href="https://www.benzinga.com/general/sports/25/05/45634051/tesla-cybertruck-demand-slides-but-mexican-police-fleet-buying-for-2026-fifa-world-cup">Read the full article here.</a>
Chinese Regulators Discuss &#8216;Zero Mile&#8217; Used Cars with BYD
China&#8217;s commerce ministry regulators are set to meet with executives from several Chinese automakers, including EV giant BYD, to discuss the surge in zero-mile used car sales. These are cars that have been registered but never driven, and over 4000 vendors sell these cars domestically in China.
<a href="https://www.benzinga.com/markets/asia/25/05/45611701/chinese-regulators-will-meet-tesla-rival-byd-other-companies-to-discuss-zero-mile-used-cars-report">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/news/topics/25/05/45708861/trump-demands-automakers-including-tesla-build-entirely-in-the-us" target="_blank" rel="noreferrer noopener">Trump Demands Automakers, Including Tesla, Build Entirely In The US</a>
Tesla Board Members Sell Shares Ahead Of Robotaxi Launch
Two board members of Tesla have sold nearly $200 million in stock ahead of the company&#8217;s highly anticipated robotaxi launch in Texas. This adds to a history of board members cashing out and could be a red flag ahead of this key potential stock catalyst.
<a href="https://www.benzinga.com/news/insider-trades/25/05/45651670/tesla-insider-sales-increase-ahead-of-robotaxi-launch-kimbal-musk-ira-ehrenpreis-sell-190m">Read the full article here.</a>
Tesla&#8217;s European Sales Dip By 49%
Tesla&#8217;s sales in Europe fell by 49% YoY in April, as the company continues to face global challenges. The company sold 7,261 units in Europe for April, almost half of the 14,228 units it sold last year during the same time.
<a href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market">Read the full article here.</a>
Major BYD Dealer Shuts Down Operations In China
As BYD expands into the European market, one of its major dealers in China&#8217;s eastern Shandong province has reportedly shut down its operations across multiple cities. This has affected over 1,000 customers with warranty and after-sales service-related issues.
<a href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/04/45097773/satellite-images-put-tesla-rival-byds-hungarian-factory-capable-of-producing-200k-units-annually-in-the-spotlight">Tesla Rival BYD&#8217;s Hungary Facility Takes Shape, Poised To Produce 200,000 EVs Annually: Report</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Tech

BYDDY

Cybertrucks For FIFA 2026, Chinese Regulators Meet BYD, Tesla's European Troubles, And More: This Week In Mobility

The past week was a whirlwind in the tech world, with major players making significant moves. From legal battles to stock predictions and AI advancements, the industry was buzzing with activity. Here&#8217;s a quick recap of the top stories that made headlines.
OpenAI vs. Elon Musk: A Legal Showdown
The ongoing legal tussle between OpenAI and Tesla Inc. CEO Elon Musk took a dramatic turn this week. OpenAI has urged a judge to keep its countersuit alive, accusing Musk of fraud and media manipulation. The AI firm argues that Musk&#8217;s bid to dismiss the countersuit lacks factual grounding.
<a href="https://www.benzinga.com/25/05/45686378/openai-fights-to-keep-countersuit-alive-against-elon-musk-over-profit-shift-calls-his-974-billion-bid-a-media-stunt">Read the full article here.</a>
Nvidia&#8217;s Stock Predicted to Soar
Analysts predict a significant upside for Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stocks, following a robust first-quarter financial report. Despite China export restrictions, the tech giant&#8217;s future looks promising. Rosenblatt analyst Kevin Cassidy maintained a Buy rating on Nvidia and raised the price target from $178 to $200.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45675006/nvidia-stock-has-significant-upside-as-ai-godfather-jensen-huang-delivers-another-robust-quarter">Read the full article here.</a>
See Also: <a href="https://benzinga.com/25/05/45644145/nvidia-stock-is-bullish-ahead-of-q1-earnings-but-will-h20-chip-woes-dampen-the-party" target="_blank" rel="noreferrer noopener">Nvidia Bullish Ahead Of Q1 Earnings, But Will H20 Chip Woes Dampen The Party?</a>
Kevin O&#8217;Leary&#8217;s AI Mission
Business magnate Kevin O&#8217;Leary is on a mission to make AI fluency a must-have skill for CEOs. He&#8217;s hiring professionals to train business leaders on how to leverage AI tools across all areas of business, promising job security for life.
<a href="https://www.benzinga.com/25/05/45663361/kevin-oleary-wants-to-teach-every-ceo-how-to-use-aiand-hes-hiring-people-to-do-it-calling-it-a-lifetime-career-opportunity">Read the full article here.</a>
DeepSeek&#8217;s Quiet AI Update
Chinese AI startup DeepSeek quietly launched an updated version of its reasoning model, R1-0528. The release comes after the company&#8217;s R1 model triggered a $600 billion drop in Nvidia&#8217;s market value earlier this year.
<a href="https://www.benzinga.com/media/25/05/45662927/chinas-deepseek-quietly-drops-r1-ai-update-that-nearly-matches-openai-o4-mini-and-beats-elon-musks-grok-3-mini">Read the full article here.</a>
Nvidia&#8217;s AI Growth Drivers
Despite a projected $8 billion revenue loss due to U.S. export curbs on China, Nvidia remains optimistic. The chipmaker&#8217;s guidance and AI momentum are stronger than expected, with CEO Jensen Huang outlining four key AI growth drivers.
<a href="https://www.benzinga.com/25/05/45662144/despite-8-billion-blow-from-china-export-curbs-nvidia-still-raised-guidance-as-blackwell-chips-and-enterprise-ai-demand-soar-highlights-four-explosive-growth-drivers">Read the full article here.</a>
Read Next:
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<li><a href="https://benzinga.com/25/05/45669300/north-korea-infiltrates-us-remote-jobs-with-the-help-of-everyday-americans-funneling-17-million-through-laptop-fa" target="_blank" rel="noreferrer noopener">Kim Jong Un&#8217;s North Korea Infiltrates US Remote Jobs With The Help Of Everyday Americans, Funneling $17 Million Through &#8216;Laptop Farm&#8217; Run By Unwitting TikToker: Report</a></li>
</ul>
Photo courtesy: Shutterstock

Another Blockbuster Nvidia Quarter, OpenAI Vs. Elon Musk, DeepSeek Update, And More: This Week In AI

The past week was filled with significant developments from the world of business and politics. From the temporary preservation of President Donald Trump&#8217;s tariffs to Paramount Global&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) potential settlement with President Trump, these stories have kept the market buzzing. Let&#8217;s dive into the details.
Trump Tariffs Temporarily Preserved
The SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) witnessed some volatility as the U.S. Court of Appeals for the Federal Circuit issued a temporary stay on a lower-court ruling that had previously invalidated a significant portion of President Trump&#8217;s tariffs. The stay has temporarily preserved the tariffs imposed by the Trump administration.
<a href="https://www.benzinga.com/news/legal/25/05/45683326/trump-tariffs-temporarily-preserved-as-appeals-court-pauses-lower-ruling">Read the full article here.</a>
Paramount&#8217;s Potential Settlement with Trump
Media giant Paramount Global is reportedly ready to offer millions to President Trump to settle an ongoing lawsuit. The lawsuit has been a hurdle in the company&#8217;s merger with Skydance.
<a href="https://www.benzinga.com/general/entertainment/25/05/45676520/is-paramount-offering-millions-to-trump-to-end-60-minutes-lawsuit-report-says-opening-offer-has-been-made">Read the full article here.</a>
See Also: <a href="https://benzinga.com/25/05/45214832/with-16-trillion-owed-by-427-million-student-loan-borrowers-federal-government-resumes-collections-after-5-years-as-delinquencies-reach-record-high-transunion-warns" target="_blank" rel="noreferrer noopener">With $1.6 Trillion Owed By 42.7 Million Student Loan Borrowers, Federal Government Resumes Collections After 5 Years As Delinquencies Reach Record High</a>
Musk&#8217;s DOGE Tenure Concludes
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&#8217;s four-month stint leading the Department of Government Efficiency (DOGE) ended on a high note, despite not meeting the promised savings. President Trump honored Musk with a golden key to the White House.
<a href="https://www.benzinga.com/news/politics/25/05/45708460/elon-musks-175-billion-in-doge-cut-falls-far-short-of-the-billionaires-goal-expect-to-achieve-over-time-the-trillion-dollars-of-savings-says-tesla-ceo">Read the full article here.</a>
Trump Administration Considers Global Tariffs
The Trump administration is reportedly considering imposing tariffs on a significant portion of the global economy for 150 days. This move comes in response to a recent court ruling that invalidated a substantial part of President Trump&#8217;s tariffs.&nbsp;<a href="https://www.benzinga.com/news/25/05/45688655/trump-administration-mulls-global-tariffs-of-about-15-for-150-days-under-existing-trade-laws-report">Read the full article here.</a>
Raskin&#8217;s Probe into Trump&#8217;s Crypto Dinner
Democratic lawmaker Jamie Raskin has launched a probe into President Trump&#8217;s private dinner for top investors in his Official Trump TRUMP/USD. Raskin has demanded that Trump disclose the guest list and the origin of the funds used to purchase the meme coin.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45686497/jamie-raskin-wants-trump-to-disclose-his-crypto-dinner-guest-list-says-foreigners-cant-donate-dollar-but-are-buying-access-to-president-through-memecoin">Read the full article here.</a>
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</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Trump Tariffs, Paramount's Settlement Offer, Musk's DOGE Tenure, And More: This Week In Politics

Tesla CEO Elon Musk once took to social media to question the lack of a publicly released client list in the Jeffrey Epstein&#8211;Ghislaine Maxwell case.
What Happened: In mid-2022, Elon Musk took to Twitter, now known as X, to question the lack of transparency surrounding the Epstein-Maxwell case. 
He pointedly asked why the Justice Department hadn't disclosed the list of clients linked to the duo and why mainstream media showed little interest in pursuing those identities. 
Alongside his post, Musk shared a collage featuring mythical creatures like unicorns and dragons, with the phrase &#8220;Epstein/Maxwell client list&#8221; included — implying it was something as unlikely to be seen as the others.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Only thing more remarkable than DOJ not leaking the list is that no one in the media cares. Doesn't that seem odd? <a href="https://t.co/JEK4TErABB">pic.twitter.com/JEK4TErABB</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1533161114586042369?ref_src=twsrc%5Etfw">June 4, 2022</a></blockquote>
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Maxwell, a once-prominent socialite, was handed a 20-year prison sentence in 2022 for her role in Epstein&#8217;s sex trafficking operation. She has since launched an appeal against her conviction and sentence, citing&nbsp;juror misconduct, a violation of&nbsp;the statute of limitations, and her treatment in prison as the grounds for her appeal.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/25/03/44067638/elon-musk-claims-rival-billionaire-wants-to-destroy-trump-to-suppress-jeffrey-epstein-client-list">Elon Musk Claims Rival Billionaire Wants to &#8216;Destroy&#8217; Trump To Suppress Jeffrey Epstein Client List</a>
In response to Musk&#8217;s post on Twitter, a user posted a photograph of Maxwell and Musk together at a Vanity Fair Oscar party. Musk quickly responded, asserting that Maxwell had photobombed him.
In December 2021, Maxwell was found&nbsp;<a href="https://www.dailywire.com/news/ghislaine-maxwell-jeffrey-epsteins-former-girlfriend-found-guilty-in-sex-abuse-trial" target="_blank" rel="noreferrer noopener">guilty</a><a href="https://www.benzinga.com/news/21/12/24823587/epstein-associate-ghislaine-maxwell-found-guilty-of-5-charges-in-sex-trafficking-case" target="_blank" rel="noreferrer noopener">&nbsp;of helping to recruit teenage girls</a>&nbsp;for&nbsp;Epstein, who&nbsp;died in August 2019.
Maxwell, who is also identified as &#8220;Inmate 02879-509,&#8221;&nbsp;is currently serving her sentence&nbsp;at the Federal Correctional Institution&nbsp;in Tallahassee, Florida.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ah yes, Maxwell photobombing me at a <a href="https://twitter.com/VanityFair?ref_src=twsrc%5Etfw">@VanityFair</a> Oscars party – you should them why they invited her. The same people who push this photo say nothing about prominent people who actually went to his island a dozen times. Also very strange …
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1533163139470180353?ref_src=twsrc%5Etfw">June 4, 2022</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Where is their "client" list? Shouldn't at least one of them go down!?
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1521186612457132034?ref_src=twsrc%5Etfw">May 2, 2022</a></blockquote>
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Why It Matters: Musk&#8217;s call for transparency in the Epstein-Maxwell case comes amid a broader societal push for accountability in high-profile criminal cases. 
His comments have sparked a debate about the role of public figures in advocating for justice and transparency.
However, Musk&#8217;s interaction with the Twitter user who posted the photograph of him with Maxwell has also raised questions about his own connections to the case. 
While Musk has denied any involvement, the incident underscores the scrutiny public figures face in the age of social media.
Read Next
<a href="https://www.benzinga.com/general/social-media/24/11/42152805/elon-musk-agrees-that-people-want-to-see-jeffrey-epstein-files" target="_blank" rel="noreferrer noopener">Elon Musk Agrees That People Want To See Jeffrey Epstein Files</a>
Image: Shutterstock/Copyright Lawrey

Elon Musk Once Asked Why Epstein-Maxwell Client List Hasn't Leaked — Here's How He Responded to X User Who Suggested He Was a Client

During a recent meeting with President Donald Trump, Elon Musk was spotted with a black eye, which Musk said was the result of a playful incident with his son.
Musk&#8217;s visible bruise, noticed while he was standing next to Trump in the Oval Office on Friday.
According to a post on X, when asked about the injury, Musk explained,&nbsp;&#8220;I was just horsing around&nbsp;with Little X and I&nbsp;said, &#8216;Go ahead, punch me&nbsp;in the face.'&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Elon Musk just got asked why he has a black eye. <a href="https://t.co/8RScbhfdXv">pic.twitter.com/8RScbhfdXv</a>
&mdash; Blue Georgia (@BlueATLGeorgia) <a href="https://twitter.com/BlueATLGeorgia/status/1928521949719793897?ref_src=twsrc%5Etfw">May 30, 2025</a></blockquote>
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Little X, officially named X Æ A-Xii, is Musk&#8217;s eldest child with singer Grimes.
The child has often been seen with Musk during his tenure in office. Musk also humorously referred to a recent viral video involving France&#8217;s First Lady Brigitte Macron and French President Emmanuel Macron.
Also Read: <a href="https://www.benzinga.com/news/24/07/40001741/grimes-mother-accuses-musk-of-withholding-children-amid-custody-battle-please-elon-i-beg-you" target="_blank" rel="noreferrer noopener">Grimes&#8217; Mother Accuses Musk Of Withholding Children Amid Custody Battle: ‘Please Elon, I Beg You&#8217;</a>
In the meeting, President Trump lauded Musk&#8217;s contributions to&nbsp;the Department of Government Efficiency.&nbsp;Musk, who has been serving&nbsp;as a special government employee,&nbsp;was presented with&nbsp;a large key inside a&nbsp;wooden box as a token of appreciation. 
Friday marked Musk&#8217;s last official day in this role, after which he plans to refocus on Tesla.
Musk&#8217;s tenure as a special government employee has been marked by significant contributions to&nbsp;the Department of Government Efficiency.&nbsp;
His playful interaction with his son, leading to the black eye, showcases his personal side amidst his professional commitments. 
His departure from the government role indicates his intent to refocus on Tesla&#8217;s operations, which could signal upcoming developments for the electric vehicle giant.
Read Next
<a href="https://www.benzinga.com/general/social-media/25/05/45601162/elon-musks-father-open-to-more-children-despite-age-i-wouldnt-think-twice-about-having-another-child">Elon Musk&#8217;s Father Open to More Children Despite Age: &#8216;I Wouldn&#8217;t Think Twice About Having Another Child&#8217;</a>
Image: Shutterstock/cristiano barni

Social Media

Elon Musk Sports Black Eye in Oval Office: 'I Was Just Horsing Around With Little X and I Said, Go Ahead, Punch Me in the Face'

Gary Black, Future Fund LLC&#8217;s managing director and a prominent market analyst, has expressed concerns about Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) high forward price-to-earnings (P/E) ratio, questioning the sustainability of its current valuation.
What Happened: In a detailed thread on X on Saturday, Black pointed out that Tesla&#8217;s forward P/E ratio stands at a staggering 180x. He noted that no trillion-dollar market cap company in stock market history has traded at such a high forward P/E ratio. 
Black argued that the long-term growth rate required to justify such a P/E would make Tesla&#8217;s market cap larger than Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which he deemed &#8220;insane.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> now trades at a forward P/E of 180x. In the history of the stock market, we can't find a single $1T market cap company that traded at a forward P/E of 180x (we even asked Grok with no success). Why not? The long-term growth rate needed to justify a 180x P/E would cause…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1928866265117941880?ref_src=twsrc%5Etfw">May 31, 2025</a></blockquote>
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&#8220;The long-term growth rate needed to justify a 180x P/E would cause TSLA market cap to be bigger than $AAPL and $MSFT, which seems insane since both have huge TAMs, unassailable brands, and highly predictable future cash flow streams,&#8221; he said in the post. 
Also Read: <a href="https://www.benzinga.com/tech/25/05/45687704/gary-black-says-teslas-robotaxi-launch-in-june-poses-minimal-risk-to-uber-will-offer-low-cost">Gary Black Says Tesla&#8217;s Robotaxi Launch In June Poses Minimal Risk To Uber: &#8216;Will Offer Low-Cost…&#8217;</a>
Black criticized Tesla bulls who dismiss his argument by claiming that&nbsp;the 2025 P/E is irrelevant.&nbsp;He emphasized that a stock&#8217;s&nbsp;valuation is the present value&nbsp;of all future cash flows,&nbsp;discounted back at a risk-adjusted&nbsp;cost of capital, plus net&nbsp;cash. To disregard P/E, according to Black, is equivalent to ignoring valuation&nbsp;when making an investment decision.
&#8220;TSLA bulls who pretend they understand finance dismiss my argument that TSLA's valuation looks stretched by saying the 2025 P/E is irrelevant. Rule #1 in investing is buy low, sell high. Rule #2 is price is what you pay, value is what you get. Arguing that P/E doesn't matter to an investment decision tells me the person doing the arguing has no valuation discipline and is just buying concepts, rather than on some assessment of value vs price,&#8221; Black continued. 
Why It Matters: Black&#8217;s comments come at a time when Tesla&#8217;s stock has been under scrutiny due to its high valuation. Despite the company&#8217;s impressive growth, some investors and analysts have raised concerns about whether its current stock price accurately reflects its future earnings potential. 
Black&#8217;s argument adds to this ongoing debate, highlighting the importance of traditional valuation metrics like P/E in assessing a company&#8217;s worth.
While Black clarified that he doesn&#8217;t foresee a situation where he would short Tesla, his comments underscore the need for investors to exercise caution and conduct thorough valuation assessments before making investment decisions.
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Gary Black Questions Tesla's Sky-High Forward P/E Ratio: 'Long-Term Growth Rate Needed To Justify a 180X P/E Would Cause Tsla Market Cap To Be Bigger'

Former NBA superstar Shaquille O&#8217;Neal has sold one of his Tesla Cybertrucks to fellow basketball player Trendon Watford, marking a shift in his vehicle preferences.
Shaq, renowned for his extensive car collection, chose to part ways with one of his three Tesla Cybertrucks. The vehicle, which had been customized and wrapped in a glossy maroon finish, was sold to Brooklyn Nets&#8217; Trendon Watford.
Despite previously expressing his admiration for the Cybertruck, Shaq recently voiced dissatisfaction with the vehicle&#8217;s range of 301 miles. 
As a result, he has transitioned to the Cadillac Escalade IQ, which features&nbsp;a 200KWH battery pack and&nbsp;a superior range of 460 miles.
The transaction was managed by Effortless Motors, who had listed the car for sale approximately a month ago. It is yet to be determined whether Shaq will sell his remaining Cybertrucks, following his recent change in sentiment towards the&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) vehicle.
Also Read: <a href="https://www.benzinga.com/general/sports/25/03/44209990/nba-legend-shaqs-walmart-shopping-spree-ends-in-credit-card-decline-heres-how-much-he-tried-to-spend" target="_blank" rel="noreferrer noopener">NBA Legend Shaq&#8217;s Walmart Shopping Spree Ends In Credit Card Decline—Here&#8217;s How Much He Tried To Spend</a>
<a href="https://www.benzinga.com/general/sports/25/05/45483236/shaq-rolls-up-in-a-cybertruck-elon-musk-has-this-one-word-response">Last year Tesla owner Elon Musk responded</a> to a post showcasing Shaq's Cybertruck with a simple "Nice", acknowledging the widebody modification and red under glow that make it one of the most eye-catching vehicles on the road.
Shaq&#8217;s decision to sell his Cybertruck may reflect a broader trend among consumers who are seeking electric vehicles with longer ranges. 
The Cadillac Escalade IQ&#8217;s superior range could potentially make it a more attractive option for consumers who frequently travel long distances. 
This shift in preference could impact Tesla&#8217;s market share in the electric vehicle industry, particularly if other high-profile individuals follow Shaq&#8217;s lead.
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Here's Why Shaquille O'Neal Gave Up Elon Musk's Cybertruck And Passed It To Another NBA Star

Elon Musk is alleged to have fathered a child with a Japanese pop star. The news, which surfaced on Friday, also includes Musk&#8217;s offer to <a href="https://www.benzinga.com/general/entertainment/25/02/43756965/conservative-influencer-says-musk-is-father-of-her-newborn-child">donate his sperm to &#8220;anyone.&#8221;</a>
Ashley St. Clair, who alleges to have a son with Musk, disclosed these details in a New York Times article on Friday.
Musk is claimed to have told her that he has fathered children worldwide, including&nbsp;with a Japanese pop star, and is willing to donate&nbsp;his sperm to anyone who&nbsp;wishes to have a child.
St. Clair also claimed that&nbsp;Musk was deeply worried about the declining birth rate and advocated for people to have more children. She further alleged that Musk insisted on keeping their relationship and his paternity a secret, even during her childbirth.
"He made it seem like it was just his altruism and he generally believed these people should just have children," St. Clair told the <a href="https://www.nytimes.com/2025/05/30/us/elon-musk-drugs-children-trump.html">outlet</a>.
Also Read: <a href="https://www.benzinga.com/news/24/07/40001741/grimes-mother-accuses-musk-of-withholding-children-amid-custody-battle-please-elon-i-beg-you" target="_blank" rel="noreferrer noopener">Grimes&#8217; Mother Accuses Musk Of Withholding Children Amid Custody Battle: ‘Please Elon, I Beg You&#8217;</a>
According to St. Clair, Musk offered her $15 million and an additional $100,000 monthly&nbsp;until their son turned 21&nbsp;to maintain her silence. 
However, she declined the offer and made the news public in February. She has also filed a lawsuit against Musk&nbsp;for child support and sole&nbsp;custody.
This revelation could potentially impact Musk&#8217;s public image and his role as the CEO of Tesla Inc. and SpaceX. The allegations, if proven true, may raise ethical questions about Musk&#8217;s conduct and his views on parenthood. 
The lawsuit filed by St. Clair could also lead to legal complications for the billionaire entrepreneur. The situation warrants close monitoring as it unfolds.
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Image: Shutterstock/Frederic Legrand &#8211; COMEO

Ex Says Musk Told Her He Fathered Child With Japanese Pop Star, Said He Would Give Sperm To Anyone Who Wanted It

President Donald Trump said that he has no knowledge of Elon Musk engaging in drug use during the 2024 election cycle, brushing off a media report alleging Musk&#8217;s <a href="https://www.benzinga.com/cannabis/25/05/45700477/elon-musk-was-using-drugs-while-on-campaign-trail-with-trump-including-ecstasy-and-psychedelic-mushrooms" target="_blank" rel="noreferrer noopener">drug consumption while on the campaign trail</a>.
According to a recent piece by The New York Times, the billionaire entrepreneur <a href="https://www.nytimes.com/2025/05/30/us/elon-musk-drugs-children-trump.html" target="_blank" rel="noreferrer noopener">reportedly</a> consumed drugs such as ketamine, ecstasy, and psychedelic mushrooms during the campaign season, possibly while working with Trump.
The publication also noted uncertainty around whether these substances were used while Musk was involved with the Department of Government Efficiency.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/05/38907748/days-after-facing-lawsuit-for-drug-use-musk-says-he-would-take-cocaine-if-it-boosted-long-term-produ" rel="noreferrer noopener">Days After Facing Lawsuit For Drug Use, Musk Says He Would Take Cocaine If It Boosted &#8216;Long-Term Productivity&#8217;</a>
Trump, speaking to journalists on May 30 after an event in Pennsylvania, dismissed the allegations, praising Musk and stating, &#8220;I&#8217;m not troubled by anything with Elon,&#8221; USA Today <a target="_blank" href="https://www.usatoday.com/story/news/politics/2025/05/30/donald-trump-not-aware-of-elon-musks-reported-campaign-drug-use/83956424007/" rel="noreferrer noopener">reports</a>.
Musk, who heads Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX, and also owns social media platform X, was present at an Oval Office event the same day.
When pressed by a reporter about the drug claims, he deflected the question and criticized the Times&#8217; previous reporting, particularly its coverage of alleged Russian interference in the 2016 election, the report adds.
In a social media post in X on May 31, Musk mocked the alleged claims made about his drug use.
&#8220;I&#8217;m in meetings with dozens to hundreds of people every day and am photographed constantly. If this bs from NYT were true, it would have been EXTREMELY obvious,&#8221; Musk wrote.
The tech mogul acknowledged in March 2024 that he takes prescription ketamine for depression.
His past conduct also includes a much-publicized incident in 2018 where he smoked marijuana during a podcast interview, which raised concerns among board members and shareholders.
The White House has not issued any formal statement on the matter. No additional evidence has been presented to substantiate the claims of drug use during government work.
Musk continues to be a polarizing figure, not only because of his business ventures but also due to his political engagements and public statements. His increasing visibility in Washington has only intensified scrutiny around his personal habits.
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Trump Says He's 'Not Troubled' By Musk's Alleged Drug Use During Campaign: Report

Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk is doubling down on his belief that artificial intelligence and robotics will reshape the global economy—and soon.
&#8220;Accelerating GDP growth is essential,&#8221; Musk <a href="https://x.com/elonmusk/status/1925977691162816639">posted on X</a> on May 23. He claimed that the U.S. government&#8217;s overspending could result in a financial crisis unless there&#8217;s a massive jump in productivity. He did, however, mention that the Department of Government Efficiency &#8220;has and will do great work to postpone the day of bankruptcy of America.&#8221;
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The X post came in <a href="https://x.com/BarrettHoffarth/status/1925595695610044438">response</a> to someone wondering whether &#8220;Elon has somewhat moved away from politics in order to accelerate GDP growth with humanoid robots&#8221; after another person <a href="https://x.com/farzyness/status/1925593927232442488">wrote</a> that &#8220;Given the disastrous GOP bill, the only chance the US has is explosive GDP growth.&#8221;
<h2 class="wp-block-heading">Musk's Timeline: AI And Robots Impact In 1 To 5 Years</h2>
When asked how soon humanoid robots could start affecting &#8220;the GDP of any country,&#8221; Musk replied, &#8220;4 to 5 years.&#8221; He added that &#8220;robot cars&#8221; using Tesla&#8217;s Full Self-Driving technology, could have a &#8220;noticeable effect&#8221; within one to two years.
In an <a href="https://www.youtube.com/watch?v=BDREZmpkIz8">interview</a> with Sen. Ted Cruz (R-TX) in March, <a href="https://www.benzinga.com/tech/25/03/44526637/elon-musk-says-ai-will-be-smarter-in-10-years-than-humans-who-will-have-a-much-higher-standard-of-living">Musk said that within 10 years</a>, &#8220;AI could probably do anything better than the human can cognitively,&#8221; and predicted a future where humanoid robots are as common as personal assistants. &#8220;Ultimately, there will be tens of billions,&#8221; he said.
He also predicted that 90% of all miles driven could be autonomous within a decade. &#8220;Goods and services will become close to free,&#8221; Musk told Cruz. &#8220;It&#8217;s not that people will have a lower standard of living, they&#8217;ll have actually a much higher standard of living.&#8221;
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<h2 class="wp-block-heading">Saudi Showcase</h2>
Earlier this month, Musk <a href="https://www.benzinga.com/25/05/45400104/elon-musk-says-mohammed-bin-salman-and-trump-were-impressed-with-tesla-optimus-as-the-humanoid-robot-danced-to-ymca">showcased Tesla&#8217;s Optimus humanoid robots</a> to Saudi Crown Prince Mohammed bin Salman and President Donald Trump during a demonstration in Riyadh. The robots even danced to &#8220;YMCA.&#8221;
&#8220;I think they were very impressed,&#8221; Musk said at a Saudi economic forum. He also joked that one of the robots performed the &#8220;Trump dance.&#8221;
Musk envisions a world where humanoid robots are everywhere, calling them personal versions of &#8220;Star Wars&#8221; robots C-3PO or R2-D2. He believes robotics could create an economy &#8220;10 times the size of the current global economy&#8221; and result in &#8220;universal high income.&#8221;
Still, challenges remain. During a recent Tesla <a href="https://seekingalpha.com/article/4777030-tesla-inc-tsla-q1-2025-earnings-call-transcript">earnings call</a>, Musk admitted that supply chain issues—including <a href="https://www.benzinga.com/25/04/44941025/tesla-optimus-robot-hit-by-chinas-rare-earth-magnet-crackdown-elon-musk-says-thousands-may-be-ready-by-year-end-but-no-guarantees-when-you-have-a-complex-manufactured-product">China&#8217;s export restrictions on rare earth magnets</a>—are slowing down Optimus production.
See Also: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Pushback From Experts</h2>
However, some experts have questioned Musk&#8217;s timelines regarding FSD. AI pioneer Yann LeCun, for instance, accused Musk last year of lying for years about the capabilities of Tesla&#8217;s FSD technology.&nbsp;
In September, he <a href="https://x.com/ylecun/status/1837221941695975884">posted</a> on X, &#8220;Elon: &#8216;I&#8217;ve kept lying to you again and again about Tesla&#8217;s &#8216;Full Self Driving&#8217; capabilities for the last 8 years, but you should believe everything I say about politics and everything else.'&#8221;
LeCun was responding to an <a href="https://x.com/RealDanODowd/status/1836931211232526755">article</a> by Green Hills Software CEO Dan O&#8217;Dowd, who called Musk a &#8220;snake oil salesman&#8221; for failing to deliver promised features like &#8220;Actually Smart Summon.&#8221;
Musk, however, continues to press forward, making it known he believes AI and robotics aren&#8217;t just the future—they&#8217;re the last hope to prevent economic collapse. He also <a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once">recently confirmed</a> that Tesla is on track to rollout fully-autonomous vehicles in Austin, Texas, in June.
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Elon Musk Says Humanoid Robots Will Start Impacting Countries' GDPs In 4 To 5 Years. 'Robot Cars' Even Sooner—In Just 1 To 2 Years

Despite previously warning about the dangers of advanced Artificial Intelligence (AI) and robotics, Tesla Inc. CEO Elon Musk has invested in several AI startups following a stark warning from DeepMind's co-founder, Demis Hassabis.
What Happened:&nbsp;In an interview with CNBC in July 2017, Musk had expressed concerns about the existential risks posed by AI to human civilization back in 2017. He had forecasted significant job disruptions, with transportation roles among the first to be fully automated.
Musk, well-versed in advanced AI, called for proactive regulation, warning that waiting for serious incidents, like robot-caused harm, would be too late to act effectively. &#8220;AI is a fundamental existential risk for human civilization,&#8221; cautioned Musk.
However, it is ironic because by 2017, Elon Musk was already an early-stage investor who pumped millions into several AI startups like DeepMind, OpenAI, and Vicarious.
A 2023 New York Times <a href="https://www.nytimes.com/2023/12/03/technology/ai-openai-musk-page-altman.html">report</a> reveals that Musk decided to invest in AI firms despite his reservations after DeepMind&#8217;s co-founder Hassabis told him in 2012 that Musk&#8217;s plans to colonize Mars would work only if &#8220;superintelligent machines&#8221; didn&#8217;t follow human beings on their trip to the planet.
According to the publication, &#8220;Mr. Musk was speechless&#8221; and invested in DeepMind soon after alongside Peter Thiel, to &#8216;be closer&#8217; to the advancements of AI.
DeepMind was later acquired by Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google in 2014 for $500 million, despite Musk putting in a bid to buy it.
In 2014, Elon Musk <a href="https://www.cnbc.com/2014/06/18/first-on-cnbc-cnbc-transcript-spacex-ceo-elon-musk-speaks-with-cnbcs-closing-bell.html">told </a>CNBC that his investments are &#8220;not from the standpoint of actually trying to make any investment return. I like to just keep an eye on what's going on."
He also stated he was wary of a Terminator-like outcome.
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Why It Matters:  Despite his warnings, Musk launched his own AI startup, xAI, and unveiled its new chatbot, Grok, in March and November 2023, respectively.
In March 2025, he predicted in an&nbsp;<a href="https://www.benzinga.com/tech/25/03/44526637/elon-musk-says-ai-will-be-smarter-in-10-years-than-humans-who-will-have-a-much-higher-standard-of-living">interview</a>&nbsp;that AI could outperform humans cognitively in a decade. He also highlighted the potential for a higher standard of living due to AI, but cautioned about the risks.
Recently, Musk <a href="https://www.benzinga.com/tech/25/05/45599950/elon-musk-praises-google-deepminds-veo-3-ai-video-model-says-it-is-awesome">praised </a>Google DeepMind&#8217;s Veo 3 AI video model, calling it &#8220;awesome.&#8221; This tool generates high-resolution visuals and realistic audio, demonstrating the rapid progress of AI technology.
However, OpenAI&#8217;s Sam Altman echoed the sentiment and thought it&#8217;s better to actively participate in the field rather than do nothing.
&#8220;I sleep better knowing I can have some influence now,&#8221; Altman said.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOGL

Elon Musk Called AI An 'Existential Risk for Human Civilization' — Yet, He Invested Early In DeepMind After This Warning From Co-Founder Demis Hassabis

This past week, truncated by the Memorial Day, Wall Street saw a rollercoaster of action, as markets responded to geopolitical tensions, earnings from corporations, and economic data. In spite of the volatility, some ETFs were able to perform better, presenting investors with pockets of opportunity.
Also Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/05/45679047/nvda-tsla-turbocharge-qqq-surge-toward-best-month-since-2023">NVDA, TSLA Turbocharge QQQ Surge Toward Best Month Since 2023</a>
5 ETFs That Did Well This Week
Direxion Daily Uranium Industry Bull 2X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URAA#NYSE">URAA</a>): up 7.15%
Uranium prices have been glowing, and URAA captured that momentum with its 2x leverage on uranium-related stocks. As the world leans back into nuclear energy for cleaner alternatives, backed by President Donald Trump&#8217;s nuclear energy push, this ETF has surged on optimism around demand and geopolitical supply concerns.
Direxion Daily MSCI South Korea Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORU#NYSE">KORU</a>): up 10%
KORU led the charge with its 3x exposure to South Korean stocks, supported by a tech bounce and investor optimism in the region&#8217;s chipmaking capabilities. AI and semiconductor export sentiment remained positive and provided KORU with its weekly boost.
VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>): up 4%
NLR also surfed the nuclear energy wave, providing more diversified and lower-volatility exposure than URAA. The worldwide nuclear renaissance, particularly in Europe and Asia, has spurred investor demand for uranium-related infrastructure.
YieldMax AI Option Income Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIYY#NYSE">AIYY</a>): up 9.17%
AIYY profited as it rode the AI boom with a spin—earning returns by employing options strategies on AI-themed equities. As Nvidia&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) quarterly results rekindled AI mania, income-hungry investors took refuge in this ETF as an intelligent wager on smart technology.
Sprott Junior Copper Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COPJ#NASDAQ">COPJ</a>): up 4.7%
COPJ rode higher copper prices, which were supported by firming global supply and growing demand for green technology and EV infrastructure. Junior copper miners, otherwise more erratic, received a firm bid from investors looking for the metal&#8217;s long-term path.
Market Overview
Wall Street served up a week of drama, with markets oscillating between optimism and worry. Tuesday got off to a robust start as <a href="https://www.benzinga.com/government/regulations/25/05/45627060/wall-street-rockets-as-bond-yields-drop-tesla-hits-3-month-highs-whats-driving-markets-tuesday">declining bond yields underpinned a broad advance</a>, lifting the S&amp;P 500 and Nasdaq while Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) jumped to a three-month high.
But by Wednesday, the momentum was lost as investors became nervous in <a href="https://www.benzinga.com/25/05/45651401/wall-street-stalls-as-treasury-yields-climb-again-ahead-of-nvidia-earnings-fed-minutes-whats-driving-markets-wednesday">anticipation of Nvidia&#8217;s earnings</a> and the release of Fed minutes, as Treasury yields slowly advanced, spoiling the mood.
On Thursday, <a href="https://www.benzinga.com/25/05/45677482/stocks-edge-higher-nvidia-rallies-to-3-month-highs-bitcoin-dips-below-107000-whats-driving-markets-thursday">Nvidia dazzled the tech industry with solid earnings</a>, pushing its stock to a three-month high and propelling the broader market, aided in part by a court decision that temporarily blocked a number of Trump&#8217;s tariffs on Chinese imports.
Just when all seemed rosy, Friday rolled in the clouds: Donald Trump blew back into <a href="https://www.benzinga.com/markets/equities/25/05/45701116/wall-street-slumps-as-trump-reignites-china-trade-tensions-nvidia-wipes-out-earnings-rally-whats-driving-markets-friday">U.S.-China trade tensions by accusing Beijing of violating a tariff truce</a>, which spooked investors and erased much of Nvidia&#8217;s rally. Bitcoin, meanwhile, fell below $107,000, adding a pinch of crypto angst to the mix. All in all, the week was a volatile cocktail of earnings elation, bond market jitters, and geopolitical déjà vu.
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ETFs This Week: Markets Whipsaw On Nvidia, Fed, And China—5 Funds That Outperformed

President Donald Trump has mandated that automakers, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) , manufacture entire vehicles and all components within the U.S. This announcement was made during a press conference on Friday, coinciding with Elon Musk&#8217;s departure as a senior adviser at the White House.
What Happened: President Trump addressed concerns regarding tariffs impacting companies like Tesla that import auto parts.
He assured that Musk would eventually produce entire cars domestically, noting, &#8220;Pretty much he does.&#8221;
Trump emphasized that all manufacturers must build their parts in the U.S., expressing dissatisfaction with parts being made in countries like Canada, Mexico, and Europe.
&#8220;Nobody knew what the hell was happening,&#8221; he stated, declaring that within the next year, automakers must ensure complete production occurs in America.
Earlier this year, the Trump administration imposed a 25% tariff on imported vehicles and auto parts, which the auto industry claims will disrupt supply chains and increase car prices. While Tesla manufactures its electric vehicles in the U.S., many key components are sourced from abroad.
See Also: <a href="https://benzinga.com/markets/equities/25/05/45691777/how-bill-ackmans-stock-tip-turned-a-new-york-taxi-drivers-50-thousand-into-a-3-million-retiremen">How Bill Ackman&#8217;s Stock Tip Turned A New York Taxi Driver&#8217;s $50 Thousand Into A $3 Million Retirement Fund</a>
Why It Matters: The automotive industry has been grappling with the implications of tariffs since President Trump hinted at increasing the 25% tariff on Canadian automobile imports in April, suggesting that the U.S. auto industry would benefit from reduced Canadian involvement.
In a statement from the Oval Office, <a href="https://www.benzinga.com/news/25/04/45018925/trump-says-us-doesnt-need-canadian-cars-hints-tariffs-could-rise-we-dont-want-your-cars-with-all-due">Trump remarked</a>, "We don&#8217;t want your cars, with all due respect."
In May, General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) CEO Mary Barra <a href="https://www.benzinga.com/25/05/45664131/general-motors-ceo-backs-trumps-auto-tariffs-as-a-tool-to-level-the-playing-fieldtheyve-taken-the-time-to-understand-our-industry">expressed support</a> for Trump&#8217;s tariffs, citing them as a tool to level the playing field against foreign government subsidies and tax policies.
The Trump administration <a href="https://www.benzinga.com/25/05/45249274/trump-eases-auto-tariffs-auto-makers-welcome-and-appreciate-the-move">eased some auto tariffs</a>, allowing for reimbursements for domestic car producers importing parts, though these reimbursements will phase out over time.
This policy shift underscores the administration&#8217;s commitment to strengthening the U.S. automotive sector by encouraging domestic production, a move that could have significant implications for automakers and their supply chains.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Trump Demands Automakers, Including Tesla, Build Entirely In The US

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk concluded his controversial four-month tenure leading the Department of Government Efficiency (DOGE) on Friday, with President Donald Trump honoring him with a golden key to the White House despite falling <a href="https://www.benzinga.com/media/25/05/45534314/elon-musk-just-got-grilled-on-doge-spending-hits-back-with-were-not-kings-here">far short of promised savings</a>.
What Happened: Speaking <a href="https://www.benzinga.com/news/25/05/45707425/trump-says-he-is-having-elon-musk-over-at-the-white-house-tomorrow-for-a-press-conference-as-billion">alongside Trump in the Oval Office</a>, Musk reflected on DOGE's impact, saying, "The DOGE team will only grow stronger over time. The DOGE influence will only grow stronger. I liken it to a sort of person of Buddhism—it's like a way of life," <a href="https://www.theguardian.com/us-news/2025/may/30/elon-musk-leaving-white-house-doge-trump">reported</a> The Guardian.
Created by executive order hours after Trump returned to office, <a href="https://www.benzinga.com/25/04/44759007/did-elon-musk-just-lower-doges-1-trillion-savings-target-to-150-billion-in-a-second-revision-since-jan">DOGE aimed to slash $1 trillion</a> in federal spending by eliminating bureaucracy and government inefficiencies. However, the initiative has only documented $175 billion in cuts so far, according to its own website.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45510245/elon-musk-was-once-a-microsoft-intern-now-his-company-is-bringing-grok-to-azure-incredibly-important-for-ai-to-be-grounded-in-reality-xai-ceo-tells-satya-nadella" target="_blank" rel="noreferrer noopener">Elon Musk Was Once A Microsoft Intern — Now His Company Is Bringing Grok To Azure: ‘Incredibly Important For AI To Be Grounded In Reality,' xAI CEO Tells Satya Nadella</a>
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30233216/Screenshot-2025-05-31-at-9.02.07%E2%80%AFAM-1024x262.png" alt="" class="wp-image-933916" /><figcaption class="wp-element-caption">Source: DOGE website</figcaption></figure>
Still, Musk remains confident. "We do expect to achieve over time the trillion dollars of savings," he said. "Say, by the middle of next year, with the support of the president and Congress, could we achieve a trillion dollars of savings? I think so. We're on track to do so."
Trump lauded Musk as a colossal force in disrupting Washington, saying, "He willingly accepted the outrageous abuse and slander and lies and attacks, because he does love our country. I know that very much."
Why It's Important: Musk's brief tenure was marked by aggressive job cuts across federal agencies, the dismantling of USAID and a series of controversial communications, <a href="https://www.benzinga.com/25/02/43680384/trumps-controversial-fork-in-the-road-government-buyout-program-gets-the-green-light-from-judge-unions-dont-have-the-required-stake">including "fork in the road" resignation emails</a>.
On Friday, Musk and Trump's joint appearance occurred just hours after the New York Times published a report outlining the Tesla CEO's use of ketamine, ecstasy and <a href="https://www.benzinga.com/cannabis/25/05/45700477/elon-musk-was-using-drugs-while-on-campaign-trail-with-trump-including-ecstasy-and-psychedelic-mushrooms">psychedelic mushrooms during</a> his campaign efforts for the President last year.
Musk's decision to step back from DOGE came after his <a href="https://www.benzinga.com/news/25/05/45635854/elon-musk-disappointed-with-trumps-big-beautiful-bill-says-it-undermines-the-work-that-the-doge-team-is-doing">criticism of Trump's $3.8 trillion spending plan</a>, which he labeled as disappointing and harmful to the progress of DOGE.
In an interview earlier this month, the billionaire also admitted he might have spent more time on politics than he should have, describing his involvement in government affairs as a matter of misallocated time.
Musk's renewed attention to Tesla has also sparked fresh optimism among Wall Street analysts. Dan Ives of Wedbush Securities set a bullish price target of $500, projecting a possible <a href="https://www.benzinga.com/markets/equities/25/05/45557873/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market-cap-on-the-table">$2 trillion valuation for the company</a>.
Price Action: Tesla shares slipped 3.34% on Friday, closing at $346.46. In after-hours trading, the stock saw a slight decline of 0.27%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
As per Benzinga Edge Stock Rankings, Tesla boasts a growth score of 91.89%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other top-performing stocks</a>.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30232913/Screenshot-2025-05-31-at-8.57.16%E2%80%AFAM.png" alt="" class="wp-image-933914" /></a></figure>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joshua Sukoff / Shutterstock.com

Elon Musk's $175 Billion In DOGE Cut Falls Far Short Of The Billionaire's Goal: 'Expect To Achieve Over Time The Trillion Dollars Of Savings,' Says Tesla CEO

On Friday, Cathie Wood-led Ark Invest made some significant trades. The most prominent among these were in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), 10X Genomics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>), Intellia Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTLA#NASDAQ">NTLA</a>), 3D Systems Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>), and Adaptive Biotechnologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>).
The TSLA Trade: Ark Invest sold 6,511 shares of Tesla from its ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>) fund. This move comes in the wake of significant developments for the electric vehicle giant, including insider sales and CEO Elon Musk&#8217;s decision to quit his government role.
The TXG and NTLA Trades: Ark Invest bought shares of 10X Genomics Inc. and Intellia Therapeutics Inc. from both its ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARKK funds.
The firm purchased 46031 shares of TXG and 30357 shares of NTLA from the ARKG fund, and 296148 shares of TXG and 196156 shares of NTLA from the ARKK fund.
The DDD Trade: Ark Invest sold shares of 3D Systems Corp. from its ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) and ARKX funds. The firm sold 36868 shares from the ARKQ fund and 11503 shares from the ARKX fund.
The ADPT Trade: Ark Invest sold 164741 shares of Adaptive Biotechnologies Corp. from its ARKG fund.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Cathie Wood's Ark Invest Continues To Offload Tesla As Elon Musk Moves On From Trump Administration

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk is actively lobbying U.S. lawmakers to establish a regulatory framework for autonomous vehicles.
Musk, alongside his team, has been directly contacting Congress members to rally support for this initiative, <a href="https://www.bloomberg.com/news/articles/2025-05-30/musk-lobbies-washington-to-clear-way-for-self-driving-cars">according</a> to a Bloomberg report.
In recent weeks, Musk has been involved in discussions about revising a bill introduced on May 15, which aims to establish a basic framework for autonomous vehicles.
The options under consideration include fast-tracking the bill or proposing a more comprehensive measure before the July 4 recess, according to sources familiar with the matter.
During a Friday press conference at the Oval Office, Musk confirmed his continued advisory role to President Donald Trump, despite stepping down from the Department of Government Efficiency. The White House deputy press secretary, Harrison Fields, emphasized that the administration&#8217;s policy is focused on achieving the president&#8217;s agenda.
See Also: <a href="https://benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report">Over 20 BYD Dealerships Shut Down In China Amid Expansion To Europe, Impacting 1,000+ Customers: Report</a>
Why It Matters: The push for federal support on autonomous vehicles is crucial as <a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">Tesla prepares to launch its Robotaxi service in Austin</a> on June 12. The company has accelerated its Full Self-Driving (FSD) testing, aiming to meet this deadline. However, the launch remains tentative, dependent on regulatory approvals.
Tesla also intends to introduce Cybercabs, pending federal approval for vehicles without steering wheels or pedals.
Analyst Dan Ives of Wedbush Securities views<a href="https://www.benzinga.com/25/05/45667224/dan-ives-calls-elon-musks-trump-white-house-exit-music-to-tesla-shareholders-ears-predicts-renewed-autonomous-vehicle-focushttps:/www.benzinga.com/tech/25/05/45535283/elon-musk-brushes-off-potential-tesla-uber-deal-believes-owners-could-add-their-cars-to-ev-giants-autonomous-fleet-instead"> Musk&#8217;s departure from a White House</a> role as a positive shift, allowing Musk to concentrate on Tesla&#8217;s autonomous vehicle ambitions. This renewed focus is seen as a promising development for shareholders.
Despite the enthusiasm, some industry experts, like Gary Black of Future Fund LLC,<a href="https://www.benzinga.com/25/05/45582499/gary-black-slams-teslas-unsupervised-autonomous-driving-ahead-of-austin-robotaxi-launch-i-have-warned"> express concerns over unsupervised autonomous driving</a>. Black has repeatedly cautioned investors about the risks associated with such technology, particularly as Tesla gears up for its upcoming launch.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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Elon Musk Lobbies For Support From Lawmakers On Legislation For Self-Driving Cars: Report

A gauge tracking the so-called &#8220;magnificent seven&#8221; — which includes Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>). Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) — surged 15% in May.
The rally coincided with an especially solid month for U.S. equities. The S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), surged more than 6% for the month. That&#8217;s its strongest month since November 2023.
But beneath the surface <a href="https://www.benzinga.com/general/education/25/05/45675595/apple-eyes-worst-month-vs-sp-500-since-2018-but-history-says-buy-the-dip-now#:~:text=Apple%2520underperformed%2520S%2526P%2520500%2520by,expert%2520insights%2520for%252060%2525%2520off.">is Apple's rare underperformance.</a>
Six out of the magnificent seven tech giants logged monthly gains. The iPhone maker, however, lagged its peers and delivered its weakest relative performance against the S&amp;P 500 Index since 2018.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="535" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30154913/image-426-1024x535.png" alt="" class="wp-image-933762" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30154913/image-426-1024x535.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30154913/image-426-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30154913/image-426-768x401.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30154913/image-426-1536x803.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30154913/image-426-2048x1070.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
In contrast, Nvidia posted a staggering 24% monthly jump — its best performance since May 2024 — after delivering <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45668727/nvidia-stock-is-surging-thursday-whats-fueling-the-move">better-than-expected quarterly earnings.</a>
Despite facing export restrictions on its chips to China, Nvidia's revenue resilience confirmed that artificial <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45675006/nvidia-stock-has-significant-upside-as-ai-godfather-jensen-huang-delivers-another-robust-quarter">intelligence demand remains healthy.</a> Overall revenue reached $44.1 billion, up 69% from a year ago.
"Countries around the world are recognizing AI as essential infrastructure — just like electricity and the internet — and Nvidia stands at the center of this profound transformation," CEO Jensen Huang said.
While Wall Street paints a positive picture, Main Street tells a different story, as pessimism among U.S. consumers runs high.
The U.S. economy contracted by 0.2% <a href="https://www.benzinga.com/government/regulations/25/05/45669445/us-economy-contracts-by-02-in-q1-labor-market-shows-signs-of-cracks-as-jobless-claims-surge">in the first quarter</a>, a slight upward revision from the initial -0.3% estimate, yet a stark reversal from the 2.4% growth rate seen in late 2024. Inflation, as measured by the <a href="https://www.benzinga.com/cannabis/25/05/45693219/feds-favorite-inflation-gauge-slows-but-trumps-china-accusation-flips-market-mood">Personal Consumption Expenditures price index</a>, cooled to 2.1% in April — its lowest pace in six months — from 2.3% in March.
But the public doesn&#8217;t seem to trust the disinflation narrative.
According to the University of Michigan's May survey, Americans expect inflation to run at 6.6% over the next year, <a href="https://www.benzinga.com/markets/economic-data/25/05/45697983/consumer-sentiment-stuck-at-3-year-lows-as-inflation-fears-hit-44-year-high">the highest level since 1981</a>. That figure reflects the widest gap ever recorded between perceived and actual inflation. Meanwhile, overall sentiment remains near three-year lows.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="535" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30155117/image-427-1024x535.png" alt="" class="wp-image-933763" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30155117/image-427-1024x535.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30155117/image-427-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30155117/image-427-768x401.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30155117/image-427-1536x803.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/30155117/image-427-2048x1070.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
In a notable development on the trade front, the U.S. Court of International Trade struck down significant portions of President Donald Trump's newly proposed tariff actions.
While the move sparked brief investor optimism, analysts caution the Trump administration retains various legal avenues to <a href="https://www.benzinga.com/government/regulations/25/05/45672421/tariffs-blocked-by-court-but-goldman-sachs-says-trump-could-reimpose-them-within-days">reintroduce similar trade barriers.</a>
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AMZN

Magnificent Seven Drive Wall Street's Rally, Nvidia Notches Best Month In A Year: This Week In Markets

<a href="https://www.bloomberg.com/news/articles/2025-05-30/musk-lobbies-washington-to-clear-way-for-self-driving-cars" title="https://www.bloomberg.com/news/articles/2025-05-30/musk-lobbies-washington-to-clear-way-for-self-driving-cars">https://www.bloomberg.com/news/articles/2025-05-30/musk-lobbies-washington-to-clear-way-for-self-driving-cars</a>

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'Musk Lobbies Washington to Clear Way for Self-Driving Cars' - Bloomberg News

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:16 PMMay 13, 2025	CALL	$297.50	May 16, 2025	-17	5881	300	89	6600	TRADE	BEARISH
03:16 PMMay 13, 2025	CALL	$302.50	May 16, 2025	-17	8930	300	233	3840	TRADE	BEARISH
03:16 PMMay 13, 2025	CALL	$297.50	May 16, 2025	-17	5881	500	89	6600	TRADE	NEUTRAL
03:16 PMMay 13, 2025	CALL	$302.50	May 16, 2025	-17	8930	500	233	3840	TRADE	NEUTRAL
03:14 PMMay 13, 2025	CALL	$295.00	May 16, 2025	-17	4185	500	32	12909	TRADE	BEARISH
03:14 PMMay 13, 2025	CALL	$300.00	May 16, 2025	-17	17709	500	64	27556	TRADE	BEARISH
02:43 PMMay 13, 2025	CALL	$355.00	May 16, 2025	-17	36572	5183	448	8170	SWEEP	NEUTRAL
02:40 PMMay 13, 2025	CALL	$395.00	Jun 20, 2025	18	1191	600	17	7067	SWEEP	BEARISH
02:26 PMMay 13, 2025	CALL	$340.00	May 16, 2025	-17	78446	1000	531	14783	SWEEP	BULLISH
02:19 PMMay 13, 2025	CALL	$350.00	Jun 20, 2025	18	17028	276	76	22276	SWEEP	BEARISH
02:06 PMMay 13, 2025	CALL	$342.50	May 16, 2025	-17	20563	5000	143	14392	TRADE	BEARISH
02:02 PMMay 13, 2025	PUT	$335.00	May 16, 2025	-17	8695	650	363	2395	TRADE	NEUTRAL
01:51 PMMay 13, 2025	CALL	$330.00	Aug 15, 2025	74	1168	240	13	9000	SWEEP	BULLISH
01:48 PMMay 13, 2025	PUT	$930.00	Jan 15, 2027	592	104	12	10400	1	SWEEP	BULLISH
01:44 PMMay 13, 2025	PUT	$920.00	Jan 15, 2027	592	171	14	1006	17	SWEEP	BULLISH
11:13 AMMay 13, 2025	PUT	$305.00	Jun 20, 2025	18	1246	766	43	2930	SWEEP	BULLISH
10:58 AMMay 13, 2025	CALL	$305.00	May 16, 2025	-17	5027	753	47	10604	SWEEP	BULLISH

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