Table of Contents

• CoreWeave

• Tesla

Top Stories Today

CoreWeave

CoreWeave will acquire data‑center operator Core Scientific in an all‑stock transaction valued at about $9 billion, expected to close in Q4 2025 pending regulatory and shareholder approval. The deal grants CoreWeave ownership of 1.3 GW of existing capacity (with an additional gigawatt available for future growth) and wipes out roughly $10 billion in lease commitments. Under the terms, each Core Scientific share converts into 0.1235 CoreWeave shares, implying a $20.40 per‑share price and a 66% premium, leaving legacy Core Scientific investors with under 10% of the combined company; CoreWeave and Core Scientific stocks fell 3% and 18%, respectively, on the news. Management says the merger will streamline operations and boost efficiency, giving CoreWeave flexibility to either divest Core Scientific’s crypto‑mining business or convert it for AI workloads, while tapping infrastructure‑focused investors to lower its cost of capital

Tesla

Tesla shares tumbled almost 7% on Monday after Elon Musk revealed his intention to establish a new political organization dubbed the “America Party.” The proposed group would target a small number of Senate and House races to wield decisive influence over close legislative battles, a move that has unsettled investors weary of Musk’s deepening involvement in politics. Earlier this year, his leadership of the so-called Department of Government Efficiency had already sparked concerns about the impact on Tesla’s reputation. Critics argue that diverting his attention toward electoral contests comes at a critical juncture for the automaker, which recently reported a 14% drop in vehicle deliveries in the second quarter and faces intensifying competition in markets like China.

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