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SpaceX (SPCX) could offset rocket and AI losses if it captures just 1% of the phone market, with business and government revenue outpacing consumer growth. Tesla (TSLA) benefits from gas price spikes, acting as a larger incentive than the $7,500 EV credit, yet struggles to convert revenue growth into sufficient profits.

Tesla's impressive flying Roadster isn't about building cars at all. It's about this.

It's a heavy week for earnings, with reports also coming from Lockheed Martin, Spotify, Abbott, and many more. This week will also bring data on manufacturing, services, and new homes.

Many income investors are more exposed to the AI trade than they realize, often through holdings that look "safe." The usual objection that de-risking means giving up attractive dividends doesn't hold up. Two covered call ETFs that I discuss in this piece barely moved during last week's AI sell-off, and the reason is in how they are built.

Tesla's recent flying Roadster demo creates excitement, but commercial viability and regulatory clearance remain distant hurdles. Third-quarter deliveries fell 2.1% year over year as fading Cybertruck demand weighed on overall vehicle volumes. Elevated valuations reflect expectations for autonomous software and energy storage rather than current automotive operating margins.