Elon Musk said he will discuss a $5 billion investment in AI startup xAI, as the EV maker looks to double down on efforts to expedite the development of its robotaxi and self-driving products.
Read More Musk to discuss $5 billion xAI investment with Tesla board
The Elon Musk-led company’s shares fell 5.3% in early trading and were on track to lose about $30 billion in market value.
Read More Tesla quarterly deliveries fall for the first time in nearly four years
Qualcomm forecast fiscal second-quarter profit slightly above Wall Street estimates and sales in line with market expectations.
Read More Qualcomm forecasts quarterly profit above estimates, shares rise