Options Market Statistics: Tesla Shares Decline After Production Targets Cut at Gigafactory Berlin-Brandenburg, Options Pop

NVIDIA's fiscal Q2 results are "exceptional," with artificial intelligence spending "clearly" growing and appears to be durable, Morgan Stanley said in a note Thursday. The investment bank noted that the company's revenue of $13.51 billion and non-GAAP earnings of $2.70 per share beat Street and Morgan Stanley's expectations.

Morgan Stanley said almost all customers are spending more money on AI than they anticipated six months ago, with the "biggest surprise" being the breadth of large language model training.

Tesla lowered its production target at its German factory to 4,350 vehicles a week in July and August, per Reuters, citing a Business Insider report. The report suggests the team at Giga Berlin has had trouble meeting targets in recent months and has continued to lower internal goals to less than 4,000 per week.

Earlier this year, Tesla said it was producing 5,000 vehicles per week at the plant but reports suggested that was not a normal pace.

Shyam Sankar, Chief Technology Officer and Executive Vice President, on August 21, 2023, sold 585,330 shares in Palantir Technologies for $8,696,044. Following the Form 4 filing with the SEC, Sankar has control over a total of 1,853,015 shares of the company, with 1,103,116 shares held directly and 749,899 controlled indirectly.