Table of Contents

• Tesla

• Trump Media & Technology Group

Top Stories Today

Tesla

Tesla launched its Model Y robotaxi service in Austin this weekend, offering invitation-only rides at a flat rate of $4.20 and boosting the company’s stock by 8% on Monday. CEO Elon Musk praised the in-house AI chip and software teams for their decade-long effort. Early users reported smooth experiences, though observers captured instances of the autonomous vehicles breaking traffic rules. Tesla’s entry into robotaxis intensifies competition with Waymo and Chinese rivals, while the unmanned system under test, FSD Unsupervised, has yet to be made available to all owners.

Trump Media & Technology Group

Trump Media & Technology Group, which operates platforms including Truth Social and Truth.Fi, announced that its board has authorized up to $400 million in share repurchases, a move made possible by its $3 billion cash position. The buyback, open to both common stock and warrants via market purchases, will see all reacquired shares retired. CEO Devin Nunes highlighted that this initiative aims to enhance shareholder value while the company pursues additional strategic ventures. President Trump, through a revocable trust, remains the largest stakeholder. This decision follows a recent $2.5 billion capital raise earmarked for expanding the firm’s bitcoin holdings and funding upcoming crypto and ETF offerings, and will be funded separately from those digital asset investments. Despite reporting a net loss of $400.9 million on just $3.6 million in revenue last year, Trump Media ended with $776.8 million in liquid assets and maintains a market valuation near $4.9 billion.

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