Two of the biggest spenders in AI reported on the same night and went opposite ways. Tesla beat, turned free cash flow positive at $1.5 billion and cut full-year capital spending to $20 billion from $25 billion, with Optimus shipping to corporate customers at the end of next year rather than now. Meta raised the floor of its capex range to $135 to $145 billion, and a 10-Q filed this morning put its non-cancelable contractual commitments at $454.5 billion, against $81.2 billion a year ago. Plus the deal that keeps Mark Zuckerberg in California, IBM’s credible comeback, and the PHP flaws that took government websites offline.
Featuring
Julie Hyman, Host, Yahoo Finance
Jake Conley, Breaking Business News Reporter, Yahoo Finance
Pras Subramanian, Senior Autos Reporter, Yahoo Finance
Matt Miskin, Co-Chief Investment Strategist, Manulife John Hancock Investments
Timestamps
0:00 Tesla spent far less than expected
1:16 Optimus slips to the end of next year
3:16 The wall you hit in mass manufacturing
4:43 Everything else in the quarter was fine
6:00 Back to the merger, and the Reuters reporting
7:09 Why Musk wants this done before 2028
8:32 Why corporate America used to stay out of politics
10:40 Tesla spending less, Meta spending more
12:53 Reality Labs will lose $19 billion this year
14:06 The commitments Meta cannot cancel
15:07 Proposition 40 and a $12.5 billion problem
16:36 “Clearly he runs the board”
20:20 IBM beats and the stock still falls
22:29 The PHP flaws that took websites down
30:43 An accountant’s most hated market
39:09 Blackstone cuts its dividend
42:36 Norway’s sovereign wealth fund takes a loss
46:00 American Airlines and a 67.5% fuel bill
49:13 Is the Birkin over?
#Meta #Tesla #MarkZuckerberg #The830 #YahooFinance
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