The Information reports Elon Musk has asked Tesla (TSLA.O) employees to switch to using Grok.

Goldman Sachs estimates AI-driven price rises in memory, software and electricity are adding more than 0.2 percentage points to US core PCE YoY inflation now and will lift that contribution to 0.5 percentage points by year-end.

JP Morgan said Volkswagen could further reduce capacity in Europe to ensure it meets financial targets, with adjustments potentially completed around 2029-30. The bank said VW’s strategic plan focuses on raising group competitiveness, improving its cost structure and using capital more efficiently. Analysts Jose M. Asumendi and Piyush Singla said they expect to discuss any potential changes to the European manufacturing footprint with management on the upcoming Q2 results call. JP Morgan rates Volkswagen Neutral with a €110 price target.