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Bloomberg

Tesla Profit Falls Well Short of Expectations

- Tesla Inc.'s second-quarter earnings fell short of Wall Street's estimates, a setback for the electric-vehicle maker as it looks to build out new lines of business around robotics, autonomy and AI. Adjusted earnings per share were 33 cents in the period, the company said Wednesday in a statement. That's lower than the 51-cent average of analyst estimates compiled by Bloomberg. It also reported negative free cash flow of $1.09 billion.  Tesla Chief Executive Officer Elon Musk has warned spending this year will total more than $25 billion, and the company is looking to increase production of cars, batteries and robots across half a dozen plants as it follows his futuristic vision. The impact of that investment is now filtering through the company's financials, so investors will want more details.

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Bloomberg

Activism Surges in 2026

Bloomberg's Scarlet Fu reports on "Bloomberg Deals" about the number of activist campaigns during the first six months of 2026 increased 20% from the same period last year to 184, a record that is 38% above the five-year-average, according to a report by Lazard Inc. The jump was largely driven by campaigns in the U.S. and in the Asia-Pacific region Japan in particular while Europe saw a slowdown, Lazard found.

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Bloomberg

Activists Take On More Campaigns While Avoiding Proxy Fights

Carmen Lu, partner at Paul, Weiss, Rifkind, Wharton & Garrison, and Shaun Mathew, partner and head of shareholder activism and hostile takeover defense at Kirkland & Ellis, join Dani Burger  on "Bloomberg Deals." Campaigns by activist investors have hit an all-time high this year even as the portion of them leading to proxy battles continues to fall. The number of activist campaigns during the first six months of 2026 increased 20% from the same period last year to 184, a record that is 38% above the five-year-average, according to a report by Lazard.

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Bloomberg

Need To Constantly Evaluate Software Investments: THL's Sperling

Scott Sperling, Co-CEO of THL Partners, joins Dani Burger on "Bloomberg Deals." Private equity company Thomas H. Lee (THL) Partners over 50 years has managed or deployed $50 billion of equity capital, worked with over 175 partner companies around the world and fueled more than 700 add-on acquisitions representing an aggregate enterprise value of over $260 billion.

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