Why did TSLA move on Jul 9, 2026?

13:30 ET · AI-sourced explanation · gemini-flash-latest

Tesla shares likely moved in response to a public statement by CEO Elon Musk, who discussed Tesla's competitive philosophy, highlighting that the company previously open-sourced its patents and opened its Supercharger network to competitors rather than creating a walled garden [2]. This commentary was part of a broader statement where Musk conceded that competitor Anthropic is currently leading in AI, while asserting his commitment to fair competition across his business ventures, including Tesla and SpaceX [2].

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[2]elonmusk: I was clearly wrong about Anthropic. They are obviously currently the leader in AI. No company has released a model as good as Mythos/Fable and they will undoubtedly have Mythos 2 ready soon. And I would never cut them off in a way that hurt them badly, even as a competitor. That’s not my style. Tesla open sourced its patents and we made the Supercharger network available to all competitors, even though we could have made it a walled garden. SpaceX launches competing satellite systems with no increase in price or use of unfair terms. Even my worst enemies can attack me on this platform. … · Twitter