Elon Musk speaks exclusively to CNBC about Grok, Tesla and the SpaceX IPO: Live updates

The automaker reported 480,126 total vehicle deliveries for the period, up from the 406,600 deliveries expected by analysts. Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in its shareholder communications.

Tesla reported vehicle production of 451,758 during the second quarter.

Despite the strong numbers, Tesla shares sank on the report. The company has been trying to recover from consecutive annual declines in car sales.

—Ashley Capoot

Musk co-founded OpenAI alongside Sam Altman, the company’s CEO, and other researchers in 2015. The pair were close collaborators in the company’s early days, but their relationship deteriorated dramatically over the next decade. 

Musk left OpenAI’s board in 2018 after months of tense negotiations about the company’s structure and path forward, including a failed bid to combine it with his automaker Tesla. He went on to start a competing AI company, xAI, in 2023, which merged with SpaceX earlier this year. 

In 2024, Musk sued OpenAI, Altman, and Greg Brockman, the company’s president, alleging that they went back on their vow to keep the startup a nonprofit. After three weeks of testimony in federal court in Oakland, California, this year, Musk lost that case. 

—Ashley Capoot

Musk praised Anthropic as “obviously currently the leader in AI,” in a post on X on Thursday. 

In May, Anthropic forged a deal with SpaceX to use all of the compute capacity at the company’s Colossus 1 data center in Memphis, Tennessee. As part of the deal, Anthropic will pay SpaceX $1.25 billion per month through May 2029, according to a regulatory filing.

The deal marked a notable change in tone from Musk, who had openly criticized Anthropic because of its clash with the U.S. Department of Defense.  

“I was clearly wrong about Anthropic,” Musk wrote Thursday.

—Ashley Capoot