An open-source AI agent called OpenClaw (formerly known as both Clawdbot and Moltbot) that runs on your own computer and “actually does things” is taking off inside tech circles . Users interact with OpenClaw via messaging apps like WhatsApp, Telegram, Signal, Discord, and iMessage, giving it the keys to operate independently, managing reminders, writing emails, or buying tickets. But once users g...
An open-source AI agent called OpenClaw (formerly known as both Clawdbot and Moltbot) that runs on your own computer and “actually does things” is taking off inside tech circles . Users interact with OpenClaw via messaging apps like WhatsApp, Telegram, Signal, Discord, and iMessage, giving it the keys to operate independently, managing reminders, writing emails, or buying tickets. But once users give it access to their entire computer and accounts, a configuration error or security flaw could be catastrophic. A cybersecurity researcher also found that some configurations left private messages, account credentials, and API keys linked to OpenClaw exposed on the web. Despite the potential risks, people are using OpenClaw to handle their work for them. Octane AI CEO Matt Schlicht even built a Reddit-like network, called Moltbook , where the AI agents are supposed to “chat” with one another. The network has already sparked some viral posts, including one titled , “I can’t tell if I’m experiencing or simulating experiencing.” You can keep up with all the latest news about OpenClaw here. There’s a social network for AI agents, and it’s getting weird Clawdbot’s bad day. Moltbot, the AI agent that ‘actually does things,’ is tech’s new obsession
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Paylocity (PCTY – Research Report), ServiceNow (NOW – Research Report) and Qualcomm (QCOM – Research Report). Paylocity (PCTY) UBS analyst Kevin Mcveigh maintained a Hold rating on Paylocity on January 29 and set a price target of $150.00. The company’s shares closed last Friday at $134.98, close to it...
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Paylocity (PCTY – Research Report), ServiceNow (NOW – Research Report) and Qualcomm (QCOM – Research Report). Paylocity (PCTY) UBS analyst Kevin Mcveigh maintained a Hold rating on Paylocity on January 29 and set a price target of $150.00. The company’s shares closed last Friday at $134.98, close to its 52-week low of $129.94. According to TipRanks.com, Mcveigh is a 4-star analyst with an average return of 4.6% and a 55.2% success rate. Mcveigh covers the Technology sector, focusing on stocks such as Clearwater Analytics Holdings, NIQ Global Intelligence PLC, and Automatic Data Processing. ;'> Paylocity has an analyst consensus of Strong Buy, with a price target consensus of $191.81, a 43.9% upside from current levels. In a report issued on January 16, Stephens also maintained a Hold rating on the stock with a $160.00 price target. See Insiders’ Hot Stocks on TipRanks >> ServiceNow (NOW) Wells Fargo analyst Michael Turrin maintained a Buy rating on ServiceNow on January 30 and set a price target of $225.00. The company’s shares closed last Friday at $117.01. According to TipRanks.com, Turrin is a 3-star analyst with an average return of 2.3% and a 47.7% success rate. Turrin covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, Clearwater Analytics Holdings, and ServiceTitan, Inc. Class A. ;'> Currently, the analyst consensus on ServiceNow is a Strong Buy with an average price target of $193.37, implying a 64.5% upside from current levels. In a report issued on January 29, TipRanks – OpenAI also upgraded the stock to Buy with a $146.00 price target. Qualcomm (QCOM) Wells Fargo analyst Aaron Rakers maintained a Sell rating on Qualcomm on January 30 and set a price target of $165.00. The company’s shares closed last Friday at $151.59, close to its 52-week low of $149.43. According to TipRanks.com, Rakers is a top 100 analyst with an aver...
International Business Machines Corporation IBM has partnered with Contiem, a global provider of content software and services, to support the UK Ministry of Defence’s (MoD’s) Defence Equipment Engineering Asset Management System (DEEAMS) program. The deal strengthens IBM’s position as a key government partner, highlighting its expertise in AI and defence IT. IBM has secured a £320 million contrac...
International Business Machines Corporation IBM has partnered with Contiem, a global provider of content software and services, to support the UK Ministry of Defence’s (MoD’s) Defence Equipment Engineering Asset Management System (DEEAMS) program. The deal strengthens IBM’s position as a key government partner, highlighting its expertise in AI and defence IT. IBM has secured a £320 million contract to deliver the DEEAMS program, which will replace 17 legacy systems with a single AI-driven platform for managing defence equipment across land, air, and naval assets. The program is expected to generate more than £1 billion in long-term savings by reducing IT costs, improving maintenance, and supporting the MoD’s digital transformation. IBM will design, develop, and deliver the platform, while supervising systems integration, AI, cloud, and security, and coordinating partners like Contiem to ensure accurate and reliable defence equipment data across all domains. In addition, the company also gained a $31 million contract with the U.S. Federal Emergency Management Agency to support federal programs, including Navy ERP technical support and benefits transformation platforms. Such government deals give IBM opportunities for a recurrent revenue stream and strengthen its reputation in large-scale digital projects. How Are Competitors Performing? IBM faces competition from Oracle Corporation ORCL and Microsoft Corporation MSFT. Oracle has been awarded an $88 million contract with the U.S. Air Force to provide cloud service support under the Cloud One program. Oracle is also supplying cloud compute and storage services to the U.S. Army’s Enterprise Cloud Management Agency to support the Army’s digital transformation. Microsoft recently secured a $170 million contract with the U.S. Air Force to provide Azure cloud services for military operations and modernization. The company has also signed a multi-billion-dollar deal with the U.S. General Services Administration under the One...
Wheaton Precious Metals can cash in on higher silver prices. Until a few days ago, silver had been the hottest trade of the year. Its price spiked from about $70 an ounce at the start of the year to over $110 an ounce at its peak. People have been piling into precious metals due to concerns about inflation and government policy. However, with President Trump picking Kevin Warsh as the next Fed Cha...
Wheaton Precious Metals can cash in on higher silver prices. Until a few days ago, silver had been the hottest trade of the year. Its price spiked from about $70 an ounce at the start of the year to over $110 an ounce at its peak. People have been piling into precious metals due to concerns about inflation and government policy. However, with President Trump picking Kevin Warsh as the next Fed Chair (who appears less supportive of lower interest rates than other potential candidates), silver has lost some of its luster, tumbling into the low-$80s. That's still well above its year-ago level in the low-$30s. Higher silver prices are a boon for silver mining stocks. However, one company stands out for its ability to cash in on silver due to its rock-bottom costs: Wheaton Precious Metals (WPM 0.63%). Here's why it's my favorite silver investment right now. A unique way to invest in precious metals There are lots of ways to invest in precious metals like silver. You can buy jewelry, coins, bars, silver ETFs, and mining stocks. Each option has its benefits and drawbacks. Investing in a mining company, for example, enables you to potentially outperform the rise in the price of a precious metal like silver as the mining company increases its production and profitability at a higher rate than the metal's rise. However, mining stock investments have their drawbacks, as mine development cost overruns and other issues can cause an individual mining company to underperform the price of the metals they sell. Wheaton Precious Metals has a unique and lower-risk business model. It provides capital to mining companies to fund development and expansion projects through streaming agreements. In exchange, it receives the right to a percentage of a mine's production at a fixed cost. For example, Wheaton made an upfront payment of $485 million to support the development of the Peñasquito mine, the second-largest silver mine in Mexico. In exchange, Wheaton Precious Metals can buy a quarter...
Supportive of upward movement in GE stock is that FY26 and FY27 EPS estimates have now risen over 6% in the last two months. Curiously compelling, the consensus for GE's FY26 EPS has risen above its guidance range in the last seven days to estimates of $7.45 compared to $7.15 a week ago. Emphasizing operational optimization and margin expansion, GE guided FY26 EPS in a range of $7.10-$7.40, which ...
Supportive of upward movement in GE stock is that FY26 and FY27 EPS estimates have now risen over 6% in the last two months. Curiously compelling, the consensus for GE's FY26 EPS has risen above its guidance range in the last seven days to estimates of $7.45 compared to $7.15 a week ago. Emphasizing operational optimization and margin expansion, GE guided FY26 EPS in a range of $7.10-$7.40, which would reflect 11%-16% growth from adjusted earnings of $6.37 per share last year. More compelling is that GE's total backlog reached roughly $190 billion, up nearly $20 billion year-over-year. This comes as orders during Q4 were up 74% to $27 billion, also reflecting strong customer demand. Illustrated by the green arrows in the above Price, Consensus, and Surprise chart, GE has now exceeded the Zacks EPS Consensus for 13 consecutive quarters, posting a very impressive average earnings surprise of 14.27% in its last four quarterly reports, as shown below. Higher shop visit volumes and expanded aftermarket services boosted revenue, including strong engine maintenance demand for its popular LEAP and CFM56 engines. Beating quarterly sales and EPS expectations by 5% and 9%, respectively, GE's top and bottom lines stretched more than 18% year over year to $11.86 billion and $1.57 per share. GE's Q4 results were powerful as demand for its jet engines and services surged, while execution improved across factories, with both commercial and defense segments delivering higher output and profitability. Commercial fleet modernization and active global military aircraft operations have made GE stock a very viable investment, and a further bounce back toward its highs could be in store after impressively exceeding Q4 expectations last month (January 22). Soaring over +280% in the last year, GE Aerospace is a portfolio-worthy stock that investors may be more inclined to pay a premium for after a pullback from an all-time high of $332 a share in early January. Chicago, IL – February 2, 202...
Punxsutawney Phil has spoken, and apparently his shadow isn't just calling for six more weeks of winter — it's also taking a swipe at investor morale. With much of the country already stuck in the icy grip of a stubborn polar vortex, patience is running thin, tempers are shorter than daylight hours, and the idea of even more winter feels like the last straw. In our entirely unscientific and wildly...
Punxsutawney Phil has spoken, and apparently his shadow isn't just calling for six more weeks of winter — it's also taking a swipe at investor morale. With much of the country already stuck in the icy grip of a stubborn polar vortex, patience is running thin, tempers are shorter than daylight hours, and the idea of even more winter feels like the last straw. In our entirely unscientific and wildly unofficial theory, traders glanced outside, saw the frost on their windshields, heard the groundhog's verdict, and decided that if spring isn't coming soon, optimism probably isn't either. Of course, this is all just for fun — Phil isn't setting interest rates or trading tech stocks — so now that we've had our laugh, let's turn to what's actually moving the Nasdaq and why it matters. The Nasdaq opened the day on uneasy footing, slipping alongside other major U.S. stock futures as weakness in big technology names set the tone. Investors are growing cautious, bracing for a mix of high-profile earnings reports and looming macroeconomic signals. Adding to the tension, sell-offs in precious metals and other risk assets have rippled through markets, stoking volatility in tech shares. Questions around the durability of heavy AI infrastructure spending — coupled with uncertainty over future Federal Reserve leadership — are weighing on sentiment just as confidence had begun to look fragile. Earnings season has only sharpened that scrutiny. Recent results from Microsoft, Meta, Apple, and Tesla showed that even substantial numbers no longer guarantee a rally, as investors dig deeper into long-term guidance and execution rather than headline beats. Valuations, particularly for AI-linked companies, are being reassessed with a colder eye, and some software and cloud stocks have slid despite solid reports. With prominent names like Alphabet, Amazon, and AMD still to come, and fresh economic data on the horizon, the market is entering a week where expectations — not excitement — are likel...
The Carlyle Group has entered the ranking of Europe’s top ten fuel makers as Big Oil companies look to tighten up their portfolios and offload major polluting businesses like refineries. The private equity giant owns two-thirds in Varo Energy , which completed its acquisition of Sweden’s Lysekil and Gothenburg refineries in January. Along with its existing holdings, that moves Carlyle into ninth p...
The Carlyle Group has entered the ranking of Europe’s top ten fuel makers as Big Oil companies look to tighten up their portfolios and offload major polluting businesses like refineries. The private equity giant owns two-thirds in Varo Energy , which completed its acquisition of Sweden’s Lysekil and Gothenburg refineries in January. Along with its existing holdings, that moves Carlyle into ninth position among the region’s fuel makers, according to data compiled by Bloomberg. The ranking doesn’t include a transaction involving Carlyle and Lukoil PJSC — still subject to regulatory approval — which would see the US firm taking on an oil refinery in Bulgaria. If that deal goes through, it would make Carlyle the seventh-largest in Europe. Varo’s acquisition of Sweden’s Preem also raises the position of Vitol Group — the world’s largest independent oil trader — in European refining. Europe’s oil refining landscape has been changing as traditional energy majors exit, under pressure to focus on the assets with the best returns. That’s ceded space to trading giants like Vitol and companies like Varo, seeking the refining and distribution assets that help drive oil majors’ huge trading earnings. Owning those assets offers a chance to have more options when making trades, greater exposure to physical and paper markets and better insight into fuel supplies. It’s not immediately clear what Carlyle’s ambitions are in European refining, although the Lukoil deal would give the company a sprawling set of international assets. Read more: Cash-Rich Energy Traders Are Snapping Up Refineries From Big Oil More on ownership changes in European refining: Varo’s acquisition of Sweden’s Preem increases Carlyle’s crude-processing capacity in Europe by about 190,000 barrels a day. BP Plc’s capacity could drop with the sale of its 265,000 barrel-a-day Gelsenkirchen refinery in Germany, which has been on the market for about a year. The oil major has also considered reducing capacity at that pl...
The French navy sailed its new frigate Amiral Ronarc’h into Sweden’s Gothenburg harbor on Monday as it works to sway the Nordic state into buying four similar models. Sweden is in the final stages of deciding a supplier to build its first larger warships since the 1980s for a combined value of around $5 billion. In the race are France’s Naval Group SA, the UK’s Babcock International Group Plc and ...
The French navy sailed its new frigate Amiral Ronarc’h into Sweden’s Gothenburg harbor on Monday as it works to sway the Nordic state into buying four similar models. Sweden is in the final stages of deciding a supplier to build its first larger warships since the 1980s for a combined value of around $5 billion. In the race are France’s Naval Group SA, the UK’s Babcock International Group Plc and Spain’s Navantia SA. Sweden’s Defense Minister Pal Jonson told Bloomberg in mid-January that a final decision would be made “this spring.” The looming deal is the latest example of European NATO members boosting military spending in the wake of President Donald Trump ’s demands that they do more to deter adversaries, especially nearby Russia. Many are pivoting from decades of post-Cold War defense cuts. Sweden aims to hit the North Atlantic Treaty Organization’s new 3.5% target of defensive outlays by 2030, in part through a 300 billion-krona ($33 billion) borrowing program over the coming eight years, it has said . In August, Norway said it would buy British frigates for $13 billion, creating 2,000 jobs BAE Systems Plc’s shipyard in Glasgow. Denmark is in the late stages of deciding on a supplier for new frigates and has suggested it could coordinate its purchase with Sweden. The French vessel docked at Copenhagen in January. The competition to sell frigates to Sweden has been in full swing since the middle of last year when the country’s procurement agency, FMV, said it would engage with suppliers about buying an “off the shelf” solution rather than develop its own frigate with domestic supplier Saab AB. Spain’s Navantia sailed an older frigate into Stockholm harbor last week, saying it can deliver a customizable light frigate quickly. On board the 400-foot (122-meter) long Amiral Ronarc’h on Monday, Captain Nicolas Guiraud pointed out what he saw as the craft’s most eye-catching features including its sonar and computer systems and missiles known as Aster 30. The ship is...
Since President Donald Trump's nomination of Kevin Warsh as the next chair of the Federal Reserve, precious metal prices have plunged. After months of market speculation, President Donald Trump finally announced Kevin Warsh as his nominee to serve as the next chair of the Federal Reserve. Many market watchers, who were concerned that Trump's next pick to lead the Fed may be too prone to influence ...
Since President Donald Trump's nomination of Kevin Warsh as the next chair of the Federal Reserve, precious metal prices have plunged. After months of market speculation, President Donald Trump finally announced Kevin Warsh as his nominee to serve as the next chair of the Federal Reserve. Many market watchers, who were concerned that Trump's next pick to lead the Fed may be too prone to influence from the 47th President, view Warsh as a safer choice than other alternative candidates previously discussed. Warsh became the youngest member ever to serve on the Fed's board of governors in 2006, serving until 2011. Warsh has also worked with legendary investor Stanley Druckenmiller, another reason the market is likely to have faith in his qualifications. While many cheered the nomination, the naming of Warsh on Friday also buoyed the U.S. Dollar and sent the prices of precious metals like gold and silver plummeting. Did Trump just pour cold water on the precious metals trade with his nomination of Warsh? SLV data by YCharts Fed's independence was a key part of the precious metals trade Since Trump took office, he has expressed frustration that the Fed has not lowered interest rates as fast as he would like. The U.S. is currently in the midst of an affordability crisis, where inflation has surged, many younger adults cannot afford housing, and wage growth has seemingly not kept pace with the cost of living, making it difficult for people to adequately save for retirement. The Trump administration has attempted to remove Fed Governor Lisa Cook from the board, accusing her of mortgage fraud. The administration also subpoenaed Fed Chair Jerome Powell. Prior to Warsh's nomination, Kevin Hassett, the director of Trump's National Economic Council, also looked to be in the running for Fed chair. Hassett had publicly called for the Fed to lower interest rates quicker. While lower rates could certainly help affordability, if they are done without the proper economic justification,...
This article first appeared on GuruFocus. Walmart Inc. (WMT, Financials) is seeing its shoppers lean in closer than ever. The retailer's paid program, Walmart+, hit 28.4 million members in January the most since Morgan Stanley began tracking the data. That's not just a new high. It's also a sign that Walmart's loyalty strategy is clicking with customers. On a three-month rolling basis, Walmart+ gr...
This article first appeared on GuruFocus. Walmart Inc. (WMT, Financials) is seeing its shoppers lean in closer than ever. The retailer's paid program, Walmart+, hit 28.4 million members in January the most since Morgan Stanley began tracking the data. That's not just a new high. It's also a sign that Walmart's loyalty strategy is clicking with customers. On a three-month rolling basis, Walmart+ grew about 12% year over year, an uptick from roughly 10% in November 2025. For many shoppers, the math makes sense. The membership includes free delivery, fuel discounts, and even access to Paramount+ through a partnership with Paramount Global. With household budgets still stretched, it's becoming an easy choice for frequent Walmart customers. Analysts say the trend highlights how Walmart is quietly closing the gap with Amazon.com, Inc.'s Amazon Prime. A growing membership base not only strengthens loyalty but also helps Walmart collect more recurring revenue and keep shoppers in its ecosystem longer.
Earnings Call Insights: The Walt Disney Company (DIS) Q1 2026 Management View CEO Robert Iger opened by stating, "We are pleased with the start of our fiscal year, and our achievements reflect the tremendous progress we've made." Iger highlighted the Entertainment segment's film studios, which generated more than $6.5 billion at the global box office in 2025, calling it "our third biggest year eve...
Earnings Call Insights: The Walt Disney Company (DIS) Q1 2026 Management View CEO Robert Iger opened by stating, "We are pleased with the start of our fiscal year, and our achievements reflect the tremendous progress we've made." Iger highlighted the Entertainment segment's film studios, which generated more than $6.5 billion at the global box office in 2025, calling it "our third biggest year ever and our ninth year as #1 at the global box office over the past decade." Iger noted the success of "Avatar: Fire and Ash," "Zootopia 2," and "Lilo & Stitch," each surpassing $1 billion in global box office, with "Zootopia 2" earning more than $1.7 billion and setting a record as "Hollywood's highest grossing animated film ever and one of the top 10 highest grossing films of all time." Iger described the positive impact of film hits on other business units: "Great storytelling generates value across our interconnected businesses with hits like Zootopia 2 lifting viewership of related titles on Disney+ and fueling global interest in our parks and consumer products." The company is advancing in streaming through "encouraging results from our investment in local content," tech improvements to Disney+, and product enhancements, including "a curated slate of Sora-generated content on Disney+ following our recently announced licensing agreement with OpenAI." ESPN Unlimited was launched, with Iger reporting "outstanding ratings across our portfolio of live sports" and the closure of the NFL Network transaction, adding "the linear rights to the league's popular RedZone channel, further bolstering ESPN's offering." The Experiences segment achieved "quarterly revenue exceeding $10 billion for the first time" with park expansions and new cruise ships, such as Disney Destiny and the upcoming Disney Adventure, which will be homeported in Asia. CFO Hugh Johnston stated, "Walt Disney World had a very good quarter, obviously, benefited from the overlap of the hurricane. But in addition to...
This article first appeared on GuruFocus. Oracle Corp. (ORCL, Financials) said it plans to raise between $45 billion and $50 billion this year to expand capacity for its Oracle Cloud Infrastructure business, as demand surges from major artificial intelligence partners. The company, chaired by Larry Ellison, said the funding will come through a mix of debt and equity. About half will be raised via ...
This article first appeared on GuruFocus. Oracle Corp. (ORCL, Financials) said it plans to raise between $45 billion and $50 billion this year to expand capacity for its Oracle Cloud Infrastructure business, as demand surges from major artificial intelligence partners. The company, chaired by Larry Ellison, said the funding will come through a mix of debt and equity. About half will be raised via equity linked securities, including mandatory convertible preferred shares and a $20 billion at-the-market offering. The rest will come from senior unsecured bonds expected to issue early in 2026. Oracle said the additional funding will support contracted demand from top clients such as AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI. The move comes as investors scrutinize the company's growing leverage and heavy exposure to AI infrastructure projects. Earlier this month, Oracle faced a bondholder lawsuit alleging the company failed to disclose its full financing needs tied to its AI expansion. The company's fourth-quarter results are expected to reflect these capital plans later this year.
Trevor Williams/DigitalVision via Getty Images Tesla, Inc. ( TSLA ) trades on future possibilities - margin compressions and weak delivery data have seldom been correlated with share price moves. What has changed now, from October 2025 (when I issued a Sell call), is that Tesla has announced a spend at an unprecedented scale that commits to optionalities in the talks thus far. In a traditional com...
Trevor Williams/DigitalVision via Getty Images Tesla, Inc. ( TSLA ) trades on future possibilities - margin compressions and weak delivery data have seldom been correlated with share price moves. What has changed now, from October 2025 (when I issued a Sell call), is that Tesla has announced a spend at an unprecedented scale that commits to optionalities in the talks thus far. In a traditional company, capex-heavy periods are judged in the balance of capital needs, execution risks, and near-term financial uncertainties. Not in the case of Tesla. For Tesla, this is usually a bullish signal for its more important variable - narratives and future opportunities. If those expand, the stocks get a huge support. In my earlier Sell call, I was skeptical around the narratives, because that was not backed by the scale of spending that has come in now. Spending does not guarantee execution, but fundamentally, investing in those narratives and building infrastructure to support those opportunities are actually a plus. Importantly, the investment signaling alone could now weaken the Sell thesis that was based on only narrative excess thus far. Since my Sell call, Tesla has moved sideways within a 10% band on either side. The upside from here may still be limited, but the Sell call (implemented through a limited risk put buy route) may have run its course. Tesla moves into a transition phase now, with expanded long-term opportunity backed by investments. That balance shifts Tesla back into Hold territory. Data by YCharts Capital Intensity - History and Funding The single most thesis-altering development that emerged from Q4 2025 was the announcement of a robust and all-round high-intensity capital expenditure spending exceeding $20b - levels unseen even in Tesla's own high investment trajectory thus far. This is what Vaibhav Taneja (CFO) had to say (single-handedly shifting the risk reward profile) during the call : But like as Elon already mentioned, this year is going to be a h...
Trevor Williams/DigitalVision via Getty Images Tesla, Inc. ( TSLA ) trades on future possibilities - margin compressions and weak delivery data have seldom been correlated with share price moves. What has changed now, from October 2025 (when I issued a Sell call), is that Tesla has announced a spend at an unprecedented scale that commits to optionalities in the talks thus far. In a traditional com...
Trevor Williams/DigitalVision via Getty Images Tesla, Inc. ( TSLA ) trades on future possibilities - margin compressions and weak delivery data have seldom been correlated with share price moves. What has changed now, from October 2025 (when I issued a Sell call), is that Tesla has announced a spend at an unprecedented scale that commits to optionalities in the talks thus far. In a traditional company, capex-heavy periods are judged in the balance of capital needs, execution risks, and near-term financial uncertainties. Not in the case of Tesla. For Tesla, this is usually a bullish signal for its more important variable - narratives and future opportunities. If those expand, the stocks get a huge support. In my earlier Sell call, I was skeptical around the narratives, because that was not backed by the scale of spending that has come in now. Spending does not guarantee execution, but fundamentally, investing in those narratives and building infrastructure to support those opportunities are actually a plus. Importantly, the investment signaling alone could now weaken the Sell thesis that was based on only narrative excess thus far. Since my Sell call, Tesla has moved sideways within a 10% band on either side. The upside from here may still be limited, but the Sell call (implemented through a limited risk put buy route) may have run its course. Tesla moves into a transition phase now, with expanded long-term opportunity backed by investments. That balance shifts Tesla back into Hold territory. Data by YCharts Capital Intensity - History and Funding The single most thesis-altering development that emerged from Q4 2025 was the announcement of a robust and all-round high-intensity capital expenditure spending exceeding $20b - levels unseen even in Tesla's own high investment trajectory thus far. This is what Vaibhav Taneja (CFO) had to say (single-handedly shifting the risk reward profile) during the call : But like as Elon already mentioned, this year is going to be a h...