Elon Musk Says Tesla's Cybercab Production Is 'Over 5 Times Faster,' Hopes for Europe Launch Soon

Truist Securities Maintains Hold on Airbnb, Raises Price Target to $161

Truist Securities analyst Patrick Scholes maintains Airbnb (NASDAQ:ABNB) with a Hold and raises the price target from $134 to $161.

Elon Musk's Boring Company Raises $3 Billion at $23 Billion Valuation, Plans Over 93 Miles of UAE Tunnels

Elon Musk's The Boring Co. raises $3B from UAE-led investors, reaching a $23B valuation to build 150km+ of tunnels.

Shares of travel-related companies are trading lower as oil prices rise amid growing concerns over further U.S.-Iran military escalation. Rising fuel prices and elevated interest-rate expectations could weigh on the sector by increasing operating and financing costs, while potentially reducing consumer demand for travel.

Congresswoman Bets on Elon Musk, Warren Buffett: Here’s the Latest Stock Transactions

A congresswoman recently bought stocks connected to Warren Buffett and Elon Musk.

SpaceX Trades at 98 Times Sales. Here's What Amazon's Multiple Looked Like at the Same Stage.

SpaceX trades at a price-to-sales ratio of 98 with a $2.1 trillion market cap on $23 billion in revenue. The article compares this to Amazon in 2009, when it had similar revenue but traded at a P/S ratio of only 1.5-2.5 while being more profitable. The analysis suggests that even if SpaceX reaches $1 trillion in revenue by 2030, the stock may not appreciate significantly from current levels, and a P/S compression to Amazon's 2009 levels could result in substantial losses.

Billionaire Investor Added SpaceX to His Portfolio Right After the IPO

Dan Loeb’s Third Point acquired 180,415 SpaceX shares worth about $31 million as of June 30, following the company’s Nasdaq debut.