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Alphabet Falls, Tesla Burns Cash, Trump Promises AI Power Relief

7/26/2026

Summary

Story summary

Alphabet Inc. fell 7.1% on July 23 2026, wiping nearly $300 billion in market value after reporting Q2 capex of $44.9 billion.
President Donald Trump announced on July 23 2026 a pledge, with governors, lawmakers and utilities, to protect U.S. households from AI-related electricity cost spikes.
Tesla Inc. posted a 142% year-over-year jump in AI and autonomous-driving capex to $5.8 billion, pushing free cash flow to a $1.1 billion deficit and its shares down 20% for the week.

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Story summary

Alphabet Inc. fell 7.1% on July 23 2026, wiping nearly $300 billion in market value after reporting Q2 capex of $44.9 billion.
President Donald Trump announced on July 23 2026 a pledge, with governors, lawmakers and utilities, to protect U.S. households from AI-related electricity cost spikes.
Tesla Inc. posted a 142% year-over-year jump in AI and autonomous-driving capex to $5.8 billion, pushing free cash flow to a $1.1 billion deficit and its shares down 20% for the week.