Tesla’s planned capex for 2026 is three times higher than what the company has historically spent. Its CFO said, as a result, Tesla will have a negative free cash flow the rest of the year.
The admission could open Tesla to legal challenges after it spent years promising customers they were just one software update away from owning fully autonomous cars.
Ryan Roslansky has stepped down as LinkedIn’s CEO after six years running the world’s largest professional network. Dan Shapero, the company’s COO, takes over immediately.
Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion “collaboration fee” and a path to a $60 billion acquisition.