Turkey Bans Short Selling Amid Economic Crisis

Elon Musk is reportedly planning to merge SpaceX and xAI, his artificial intelligence company, creating confusion across the tech and space industries. **Key Details:** - The merger would combine SpaceX's space exploration capabilities with xAI's AI technology - xAI recently raised $15 billion in equity funding at a significant valuation - Industry observers are questioning the strategic rationale behind combining a rocket company with an AI firm **Why It Matters:** The move could reshape how AI and space technology intersect, though stakeholders remain uncertain about the practical implications. [Read full article](<https://wallstmemes.com/news/elon/elon-to-merge-spacex-and-xai-and-everyones-very-confused/?utm_source=Twitter&utm_medium=Wallstmemes+-+Twitter&utm_campaign=Articles>)

Tesla is discontinuing its Model S and Model X vehicles as Elon Musk shifts the company's strategic focus toward robotics development. This decision marks a significant departure from Tesla's traditional automotive business model. **Key Points:** - Model S and X production will cease as resources redirect to robotics initiatives - The move raises questions about Tesla's identity as an automotive manufacturer - This pivot comes alongside Musk's plans to merge SpaceX and xAI, adding to confusion about his companies' future directions The discontinuation of these flagship models represents a major strategic shift for Tesla, which has built its reputation on electric vehicles. The company appears to be betting its future on robotics technology rather than expanding its car lineup. [Read full article](https://wallstmemes.com/news/elon/elon-cancels-model-s-and-x-to-focus-on-robotics-is-tesla-a-car-company-any-more/?utm_source=Twitter&utm_medium=Wallstmemes+-+Twitter&utm_campaign=Articles)

The S&P 500 index has broken through the 7,000 mark for the first time in history, reaching a new all-time high. This milestone comes roughly seven months after the index first crossed 6,000 in June 2025, representing continued strength in equity markets. **Key Points:** - First time S&P 500 has traded above 7,000 - Follows previous milestone of 6,000 reached in June 2025 - Represents significant market momentum The breakthrough marks another chapter in the ongoing bull market, though the specific catalysts driving this latest surge warrant closer examination. [Read full analysis](https://wallstmemes.com/news/stonks/sp-500-breaks-7000-ath-for-first-time-and-the-reason-why-is-insane/?utm_source=Twitter&utm_medium=Wallstmemes+-+Twitter&utm_campaign=Articles)

**Market Irony Strikes Again** The U.S. dollar experienced an immediate decline following President Trump's public statement that the currency is performing well. The incident highlights a recurring pattern where presidential reassurances about economic indicators often precede opposite market movements. **Key Points:** - Trump declared the dollar was doing great - Currency value dropped shortly after the statement - Pattern echoes previous Trump-related market volatility, including a 40% crypto plunge in 26 minutes last December The timing suggests markets may be reacting skeptically to official optimism, or that underlying economic concerns outweigh verbal reassurances. This follows a trend of Trump-related assets experiencing sharp volatility in response to public statements. [Read full analysis](https://wallstmemes.com/news/stonks/trump-just-said-the-dollar-is-doing-great-and-it-immediately-took-a-nose-dive/?utm_source=Twitter&utm_medium=Wallstmemes+-+Twitter&utm_campaign=Articles)

Despite new tariffs targeting Asia, markets defied expectations with a surprising rally. The counterintuitive response suggests traders may be pricing in factors beyond the immediate trade restrictions. **Key Points:** - Fresh tariffs imposed on Asian markets - Stocks rallied instead of declining - Market behavior mirrors April 2025 pattern when Trump paused tariffs The unexpected positive market reaction raises questions about whether investors are anticipating policy adjustments or have already priced in worst-case scenarios. [Read full analysis](https://wallstmemes.com/news/stonks/new-trump-tariffs-just-hit-asia-but-somehow-stocks-rallied-heres-how/?utm_source=Twitter&utm_medium=Wallstmemes+-+Twitter&utm_campaign=Articles)