Shares of Tesla rose 1% to $332 in Monday’s pre-market, extending a nearly 6% gain last week that snapped a three-week losing streak. The uptick came as retail investors poured back into the stock, with net inflows hitting about $372 million over five sessions through Wednesday, compared to $121 million the prior week, according to J.P. Morgan data.
Adding fuel was Tesla’s joint announcement with SpaceX of a $16.8 billion initial investment in Terafab, an advanced semiconductor facility in Texas. The project is designed to support AI systems, autonomous vehicles, and Optimus robots, with roughly 25% of its compute capacity earmarked for Tesla. SpaceX also disclosed approximately $295 million in Tesla Megapack purchases during Q2, boosting the energy storage business. Despite these tailwinds, Tesla’s Q2 earnings missed expectations — EPS of $0.33 against a $0.50 consensus — and the stock remains down 27% year-to-date, trading at 194 times forward earnings.
Meanwhile, Nvidia slid over 3% to around $217 in afternoon trading after reports highlighted the company’s expanding role in financing AI infrastructure. The Information revealed Nvidia agreed to invest $2 billion for a 20% stake in Lancium, the power-infrastructure developer behind the Stargate AI campus in Texas, with an option for an additional $1 billion. A separate Financial Times report said a consortium including Apollo Global, Blackstone, and Goldman Sachs is partnering with Nvidia to assemble a $500 billion AI infrastructure funding package. While SpaceX’s commitment to build exclusively on Nvidia’s Vera Rubin architecture provided support, growing scrutiny over interconnected investments and potential circular demand weighed on the stock.
The crypto market remained indifferent to these equity moves, with no direct correlations observed across major digital assets.
