*This content was translated by AI.
Following Tesla's disappointing second-quarter earnings, its stock tumbled 14.5% on the New York Stock Exchange, wiping out $215 billion in market capitalization within a single day.
Although Tesla delivered 25% more vehicles in the second quarter compared to the same period last year, adjusted earnings per share fell short of market expectations due to price cuts on electric vehicles and expanded investments in artificial intelligence and autonomous driving ventures. The chief executive officer announced that capital expenditures for this year will exceed $25 billion.
At the same time, Alphabet's stock dropped sharply by 7%, and Brent crude oil prices surpassed $100 per barrel amid geopolitical risks, intensifying pressure on interest rates. As a result, the NASDAQ index closed down 2.15%, with sectors sensitive to interest rate changes, such as discretionary consumer goods, experiencing significant declines.
In contrast, the semiconductor sector rose in anticipation of sustained AI investment cycles, with Micron and SK Hynix's U.S.-listed depositary receipts gaining ground. Meanwhile, Intel reported second-quarter revenue of $16.1 billion, a 25% increase from the same period last year, marking its largest growth rate in 15 years.
Despite growing investor optimism for Tesla's recovery, Elon Musk, Tesla's CEO, hinted at a potential merger between Tesla and SpaceX during an interview with the media the day before, stating that "increasingly more aspects of the two companies are overlapping." Wall Street analysts estimate an 80% to 90% probability of a merger by early 2027. If this mega-merger led by Musk, who holds overwhelming voting rights at SpaceX, materializes, concerns have been raised that Tesla's ordinary shareholders could be exposed to excessive risks.
<© STARNEWS. All rights reserved. No reproduction or redistribution allowed.>
*This content was translated by AI.
