Why it matters: EV sales still pay the bills for Tesla, providing critical cash flow to fund costly endeavors like humanoid robots and self-driving car technology.
Google is weighing greater use of natural gas to power its AI ambitions than previously known, according to a report released Wednesday.
Why it matters: Google has earned a reputation for prioritizing clean energy in the rush to build data centers, but new findings from a market intelligence firm suggest it may also lean more on a fossil fuel.
Two prominent fusion companies — Commonwealth Fusion Systems and Realta Fusion — said Thursday they're teaming up to give the frantic push toward commercial fusion even better odds.
Why it matters: Executives said the successful development of fusion — the energy powering the sun — has become even more urgent at a time when the Iran war has shown a pressing need to diversify energy supplies.
President Trump said in a prime time address that the U.S. was close to ending its war in Iran but would spend the next two to three weeks bombing the country "back to the stone ages."
The big picture: If a deal to end the war cannot be reached, he said, the U.S. would bomb all of Iran's power plants and perhaps its oil fields. That would have devastating consequences for Tehran's civilian population and the future of the country, while likely inciting retaliation on America's allies in the region.
When energy observers wondered when U.S. gas prices would hit $4 due to the Iran war, they looked at the cost of crude oil.
The big picture: Watching shifting crude oil prices — which can change because of demand, market expectations and taxes — can help you understand why costs at the pump might rise, but it's far from a perfect predictor.
There's a big shift happening in Big Tech as the AI transition enters a new era.
Why it matters: Investors are changing the way they price these superstar stocks, but judging by what happened in the market Tuesday, they are not totally sure how to do so.
Pioneering a whole new class of car is hard enough, but musician will.i.am tells Axios he also wants his Trinity three-wheeled electric vehicle to be an AI agent, helping its driver plow through emails or plot out strategy.
Why it matters: Trinity is the epitome of the kind of ambition sweeping Silicon Valley: that AI can turn even a single-seat vehicle into a platform — and that building it can revive left-behind communities.
Oil prices could surge to an unprecedented $200 a barrel if the Strait of Hormuz remains closed, analysts warn.
Why it matters: President Trump is weighing ending the U.S. war on Iran without reopening the strait — raising the once-unthinkable prospect that this key energy artery could stay shut indefinitely.
President Trump will address the nation on Wednesday evening on the war in Iran, White House press secretary Karoline Leavitt said.
Why it matters: Leavitt's Tuesday evening announcement on X came soon after Trump told reporters at the White House that U.S. forces could leave the Middle East in "two or three weeks."
