Chris Campbell:

Musk Suggests Tesla Investor Vote on xAI Investment, Rules Out Merger

Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial intelligence startup by the automaker, in the latest step to deepen integration across his business empire.

His comments followed a Wall Street Journal report on Saturday that SpaceX, Musk's rocket firm, will invest $2 billion in xAI as part of a $5 billion funding round aimed at keeping pace with rivals in the capital-intensive AI race.

The billionaire's companies already share close ties. XAI's Grok chatbot is rolling out to the automaker's vehicles, and Tesla engineers assisted Musk after his 2022 buyout of Twitter, the social media platform now known as X.

Responding to a user post on X asking Tesla investors if they supported a merger between the two companies, Musk on Monday replied "No." He had said on Sunday he would ask Tesla shareholders to vote on whether the automaker can invest in xAI.

"If it was up to me, Tesla would have invested in xAI long ago," Musk had said on X.

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James Altucher:

Bitcoin Surges Past $120,000, Riding Momentum in D.C. and Markets

The value of a single bitcoin surpassed $120,000 early Monday, the latest record price for the digital token that has set multiple all-time highs in recent weeks amid bullishness about developments on Capitol Hill and concerns about inflation and the U.S. dollar's declining value.

Because it remains prone to large price swings, bitcoin's trajectory tends to track that of riskier assets like tech stocks — although it has outperformed those soundly in 2025. Year-to-date through Friday, only gold — up 27.7% — has outperformed bitcoin, up 25.9%. By comparison, the tech-focused Nasdaq 100 index has gained 8.7%, while the broad S&P 500 has climbed 7%.

Early Monday morning, the nearly 20 million individual bitcoins in existence are worth a combined $2.4 trillion, making the entire asset class the world’s fifth-most valuable, surpassing Amazon and closing in on Apple, according to crypto news site CoinTelegraph.com. Apple had a $3.1 trillion market valuation as of Monday morning.

Most of this year's gains have come in the past few weeks. They've been fueled by a host of factors, including the partial pause in President Donald Trump's trade war and the passage of his tax cut and spending bill, which, on balance, cuts taxes while also increases the U.S.'s debt — both bullish for increased bitcoin investment.

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Davis Wilson:

>>This Week<< The TRUTH Comes Out

This week kicks off the newest earnings season. Here’s what I’ll be looking for…

Taiwan Semiconductor (TSM): TSM reports earnings on Thursday. TSM’s earnings report will give clues into the state of chip demand which shines light on both the state of the AI revolution and individual companies like NVDA, AMD, etc.

The Big Banks: Banks always kick off earnings season, and this week we’ll hear from the majors – JPMorgan, Goldman Sachs, Citigroup, Wells Fargo, Bank of America, and more. Bank reports act as a macro weather report – offering an early read on the economy, especially the health of the U.S. consumer and overall capital market activity.

The Tariff Impact: Not to sound like a broken record here… but tariffs are top of mind once again. As earnings roll in, I’ll be watching closely for any commentary on supply chains, rising input costs, and how those pressures trickle down to consumer prices – especially from companies with significant global exposure.

Click the link below to get my predictions regarding TSM, banks, and tariffs, as well as a link to the full list of companies that report earnings this week.

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