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DOW JONES TOP COMPANY HEADLINES AT 7 PM ET : TESLA REPORTS FLAT REVENUE , INCREASED CASH FLOW AS SPACEX MERGER TALK LOOMS | META ...
Tesla reports flat revenue and increased cash flow amid looming SpaceX merger talk.
Context
What happened: Tesla reported flat revenue and increased cash flow as talk of a SpaceX merger looms. Meta will split its stock and create a new class to fund AI spending, and a New Mexico jury ordered Meta to pay $25 billion in a data-privacy case.
Key numbers:
Why it matters: Elon Musk, who leads both Tesla and SpaceX, said merging the companies "would be a good idea." Meta said the new stock class won't affect Mark Zuckerberg's voting control. AT&T lifted its profit outlook but shares fell as some on Wall Street were disappointed by core wireless-subscriber numbers and rising expenses.
Coverage: 7 outlets in 24h
What changed
Tesla reported flat revenue and increased cash flow as talk of a SpaceX merger looms. Meta will split its stock and create a new class to fund AI spending, and a New Mexico jury ordered Meta to pay $25 billion in a data-privacy case.
Why it matters
Elon Musk, who leads both Tesla and SpaceX, said merging the companies "would be a good idea." Meta said the new stock class won't affect Mark Zuckerberg's voting control. AT&T lifted its profit outlook but shares fell as some on Wall Street were disappointed by core wireless-subscriber numbers and rising expenses.