Boston Dynamics Opens Robotics Center at Hyundai Georgia EV Plant

Morgan Stanley is highlighting SpaceX's growing technology links with Tesla and Elon Musk's expanding artificial intelligence ambitions, describing the relationship as a developing Physical AI ecosystem. The firm said the two companies share technology, talent and infrastructure, with SpaceX contributing areas such as computing and connectivity while Tesla brings capabilities in robotics, energy and manufacturing. SpaceX shares climbed about 1% overnight after falling nearly 1% Monday, while Tesla shares gained about 3% Tuesday. Separately, Grok 4.7 launched Sept. 21, roughly three weeks after Musk's original Sept. 1 target, and Deepwater Asset Management's Gene Munster said the timing was close enough to view the release as effectively on schedule. The launch is drawing attention to Grok 5, which Musk has targeted for late 2026 and which he has said could incorporate data from SpaceX, potentially giving xAI access to a large engineering and operational dataset. The next catalyst is whether SpaceX announces additional AI infrastructure or commercial partnerships tied to its expanding computing business.

Xpeng is looking to expand its technology partnership with Volkswagen by pursuing similar deals with other automakers and suppliers that could use its EV platform, electric architecture, and software. Volkswagen paid roughly $700 million for a 5% stake in Xpeng, and the company created a strategic commercialization team six months ago to find new partners. Services and other-business revenue nearly doubled in the second quarter, with the segment's margin expanding by 2,150 basis points, while CEO He Xiaopeng pointed to robotics as another major growth opportunity. The same results showed pressure on the core vehicle business: deliveries reached 103,295 vehicles, roughly flat year over year, vehicle margin declined to 12.1% from 14.3% a year earlier, and the net loss nearly tripled year over year. Xpeng's stock has fallen roughly 47% this year, and the number of hedge funds holding the shares slipped from 21 at the end of Q1 2026 to 19 at the end of Q2 2026, with short interest at 5.96% of float as of August 31, 2026.