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Musk's xAI is negotiating for financing of 20 billion US dollars, with an estimated valuation exceeding 120 billion US dollars.
Musk's XAI is seeking $20 billion in funding for its newly merged AI startup and Social Media business. If successful, it will raise the company valuation to over $120 billion. This would also become the second-largest funding round for a startup in history, second only to OpenAI's $40 billion funding earlier this year.
Options Market Statistics: Tesla Jumps 9.8% on U.S. Push for Self-Driving Cars ; Options Pop
Tesla Rolls Out Free FSD Transfers On All US Models, Including Cybertruck Amid Poor Sales
Uncertainty over tariffs suppresses the rise of U.S. stocks, Technology stocks provide support, Tesla surges nearly 10%, Gold retreats over 1%, and the overall trend falls for the week.
After Trump's "change of heart," the three major stock indexes rose for four consecutive days; NVIDIA's shares increased by more than 4%, and Tesla rose by 18% over the week; Google's strong performance initially saw a rise of over 4%, but most of the gains were later given back; the Chinese concept index halted three-day gains but rose over 7% for the week. The USD experienced its first weekly increase in over a month. Bitcoin once surged nearly $3,000, breaking through the $0.095 million mark. Gold saw its first weekly decline since the announcement of reciprocal tariffs. U.S. oil fell over 2% for the week.
Overnight US stocks | The three major indexes recorded increases this week, with Tesla (TSLA.US) rising by 9.8%.
At the close, the Dow Jones Industrial Average rose by 20.10 points, an increase of 0.05%, closing at 40,113.50 points; the Nasdaq rose by 216.90 points, an increase of 1.26%, closing at 17,382.94 points; the S&P 500 Index rose by 40.44 points, an increase of 0.74%, closing at 5,525.21 points.
Overview of international financial hotspots last night and this morning _ April 26, 2025 _ Financial news
For more global financial news, please visit the 7×24 hours real-time financial news market closing: US stocks closed higher with Technology stocks leading the rise. This week, the Nasdaq increased by over 6.7%. On April 25, the top 20 US stocks by trading volume: Tesla surged 9.8%, reports suggest the USA plans to relax autonomous driving regulations. On Friday, China Concept Stocks had mixed results, with New Oriental rising by 1.53%, while Weiwu dropped by 11.44%. WTI June Crude Oil Product futures rose by 0.37%, while spot Gold fell nearly 1% on Friday, accumulating a decline of 0.30% this week. Major European stock indices closed with collective increases, with the German DAX30 Index rising by 0.81%. Macroeconomically, Trump stated that he likes 'a million rich.'
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