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- Tesla Stock Rises After Big Shift
Tesla Stock Rises After Big Shift
Plus, Dow to Cut 4,500 Jobs for AI Shift
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Welcome back, AI Admirers!
Breaking News: Tesla’s CEO Elon Musk announced that the company will stop making its luxury Model S and Model X cars and instead focus on AI‑powered robots and autonomous vehicles.
Get ready to dive into the latest happenings in AI.
📢 Today's Headline:
Tesla Drops Flagship Cars for AI!
Dow Restructures, Cuts Thousands of Jobs!
Zuckerberg Says AI Glasses Are Coming!
Google Maps Now Talks Back!
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Today’s Poll and Results!
Read time: 3.5 minutes!
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Hand-picked News
Musk isn't pivoting, he's abandoning ship entirely.
Model S and X production ends next quarter CNBC, with the Fremont factory lines converting to build Optimus humanoid robots instead of luxury EVs
Tesla wrapped up its first annual sales decline on record CNBC while planning $20 billion in AI spending this year, more than double last year's capex
The company aims to manufacture 1 million Optimus robots per year by late 2026, a completely new supply chain with zero carryover from existing production
This comes as Tesla reported total revenue for last year was down 3% from 2024 NBC News. The Model S (launched 2012) and Model X (2015) were the cars that proved EVs could be mainstream, but now they account for only 3% of sales.
⚠️ Why this matters: Tesla's valuation has never really been about cars. It's been priced like a tech company betting on autonomy and AI. Now Musk is making that bet literal by converting car factories into robot factories. If Optimus fails to scale, Tesla just gave up stable (albeit small) revenue for vaporware. If it works? We're watching the birth of the first humanoid robot company with actual manufacturing muscle.
Pro tip for creators: Watch how Musk frames this. He's not "ending" cars, he's giving them an "honorable discharge." That's masterclass positioning when you're killing your legacy products. Steal that energy.
The chemicals giant just joined Amazon, UPS, and Pinterest in choosing algorithms over humans.
Dow expects to spend between $600 million to $800 million on severance alone CNBC, plus another $500M to $700M in restructuring costs. That's over $1 billion to replace people with automation.
This follows last year's plan to cut 1,500 jobs for $1B in savings. Now they're tripling down, axing 13% of their global workforce of 34,600.
Consumer confidence just hit its lowest level since 2014 CNBC, and we're in a "no hire, no fire" economy where the U.S. added only 50,000 jobs last month.
Dow isn't alone. Amazon cut 16,000 jobs this week, UPS is slashing up to 30,000, and Pinterest axed 15% of staff citing AI efficiency. The pattern is clear: companies are redirecting labor budgets into AI infrastructure while workers absorb the hit.
⚠️ Why this matters: This isn't about efficiency gains anymore. These companies are making a calculated bet that AI ROI will outpace human productivity so dramatically that billion dollar severance packages are worth it. If they're wrong, they've torched workforce stability and morale for vaporware. If they're right, we're watching the labor market fundamentally restructure in real time.
Meta's CEO thinks we're years away from a world where most eyewear is AI-powered, and he's betting billions on it.
Sales of Meta's smart glasses tripled in the last year NBC News, and Zuckerberg believes they're "some of the fastest growing consumer electronics in history" (his words, not ours).
Google, Apple, Snap, and even OpenAI are all racing to launch AI glasses or wearables in the next 1-2 years. This isn't Meta going rogue, this is the entire industry placing the same bet.
Meta pivoted Reality Labs away from the metaverse NBC News after that flopped spectacularly (remember when avatars didn't even have legs?). Now all that cash is flooding into wearables instead.
Zuckerberg compared this moment to the flip phone-to-smartphone transition NBC News, claiming billions of people already wear glasses for vision, so adding AI is inevitable. Google's partnering with Warby Parker ($150M deal), Apple's shifting Vision Pro staff to glasses, and Snap just spun its AR Specs into a separate company.
đź‘€ Why this matters: If Zuck is right, your phone becomes secondary hardware within 3-5 years. If he's wrong (again), we're watching billions get torched on wearables nobody wants, just like the metaverse. The difference this time? Every major tech company is making the same bet, which means someone's going to crack it, even if Meta doesn't.
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🚨 Quick Poll
Today’s Poll:
Do you agree Tesla’s move toward AI & robotics is more exciting than EV growth? |
Vote today, see the results tomorrow!
Previous Poll:
Do you think AI adoption is a major reason behind Amazon’s layoffs?
A) Yes – AI is replacing jobs – 40%
B) No – Other business pressures are the main cause - 60% 🏆
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