Morning Brief Musk wins $1T pay vote, AI robot hype, Bitcoin dips again
US markets edge lower to close the week as investors digest Elon Musk’s latest triumph — Tesla (TSLA) shareholders approving his $1 trillion pay package with over 75% support. The vote also included conditional approval for Tesla to invest in Musk’s AI startup, xAI, although the board remains undecided amid concerns about overlap. Musk promised to scale up Optimus robot production at Fremont and Austin and teased a 2026 target for its driverless “Cybercab.” Ark Invest’s Brett Winton told Yahoo Finance the robotaxi business could become a “natural monopoly” and that humanoid robots will ultimately be “an order of magnitude larger.” Still, Winton admitted that scaling to 1 million robots by 2030 will be a “hard and steep climb.”
Crypto markets remained volatilBTC-USD) fell back toward $100,000 after recent whale selling. At the same time, Ark Invest reiterated its five-year bullish outlook on bitcoin and public blockchains.e as bitcoin (BTC-USD In trending tickers, Constellation Energy (CEG) rose after substantial revenue driven by AI data center demand, Block (SQ) plunged on weak quarterly sales despite higher profit guidance, and Opendoor (OPEN) fell sharply after cutting volume growth targets. Investors also eye the AI sector amid talk of an “innovation bubble,” with experts noting valuations are stretched but structural gains from generative AI remain strong.
Takeaways:
-
Tesla shareholders approve Elon Musk’s $1T pay package and xAI investment plan
-
Musk promises 2026 Cybercab rollout and mass Optimus robot production
-
Ark Invest sees robotaxi cash flow hitting “hundreds of billions” by 2030
-
bitcoin wobbles near $100K after whale selling, but Ark stays long-term bullish
-
Analysts warn AI valuations are overheated but not yet a true bubble
Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.
Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices