Tesla stock closed down 14.52% and Alphabet closed down 6.89% after they signaled increased AI spending, amid worries about the mounting costs of the AI boom (Arjun Kharpal/CNBC)
Tesla and Alphabet sold off sharply as investors reacted to rising AI capital spending and pressure on margins.
Excerpt
<a href="https://www.cnbc.com/2026/07/23/tesla-tsla-alphabet-googl-stock-today.html"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260723/i45.jpg" vspace="4" /></a>
<p><a href="https://www.techmeme.com/260723/p45#a260723p45" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Arjun Kharpal / <a href="http://www.cnbc.com/">CNBC</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.cnbc.com/2026/07/23/tesla-tsla-alphabet-googl-stock-today.html">Tesla stock closed down 14.52% and Alphabet closed down 6.89% after they signaled increased AI spending, amid worries about the mounting costs of the AI boom</a></b></span> — Shares of Alphabet and Tesla fell on Thursday after both companies signaled increased AI spending, unnerving investors worried … </p>
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