What's Going On With Tiny AI-Tech Company Gaxos.ai On Thursday?

Tesla's second-generation Roadster was unveiled at the SpaceX test site, marking a significant debut nine years after pre-orders first began in 2017. Mass production is scheduled for 2028. The new vehicle features a fan suction system and compressed air thrusters, enabling genuine "flight." Elon Musk confirmed that this will be Tesla's last model to support manual driving. Analysts predict that sales of 7,000 units in the first year could generate nearly $2 billion in revenue, with extremely high profit margins being its core commercial value.

The US stock market enters Q3 earnings season, with market expectations for S&P 500 earnings per share to grow 27% year-over-year, marking the third highest threshold ahead of earnings seasons since 2010. However, the growth is highly concentrated—Micron and Nvidia alone contribute 36% of expected gains. Retail investors’ weekly net buying surged to $9.1 billion, with semiconductor purchases reaching a historic peak. Citadel Securities warns that index volatility has fallen to its calmest range in nearly 30 years, while individual stock risks are quietly rising, making stock picking preferable to simply increasing index allocations.

The founder's sell-off objectively avoided a 60% drop in share price, and some have already liquidated nearly 40% of their wealth. Behind this stark contrast, the company is burdened with a massive $52 billion debt, with a five-year default probability exceeding 60%. The current debt stands at $52 billion, and the cumulative negative free cash flow for 2026-2028 is projected to reach $71 billion. Its model of "borrowing at 9% interest to earn a 1% return" has been harshly criticized as the "subprime crisis" of the AI industry. The high-leverage computing power financing game is now facing the market's ultimate test.