Elon's $25 Trillion Confession

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

Business Lookahead

CHRISTOPHER RUGABER
July 30, 2025

AP Business Digest

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

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UPCOMING

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US--AIRCRAFT DOWN-INVESTIGATION

DESCRIPTION: The National Transportation Safety Board plans to hold three days of investigative hearings focused on the deadly midair collision that killed 67 people in January when an American Airlines jet crashed with an Army Black Hawk helicopter. The hearings on from July 30-Aug. 1 will help investigators learn more about what caused the crash over Washington D.C. By Josh Funk. With AP photos

UPCOMING: By 07/30/2025 1:05 a.m. EDT, LiveVideo, Text, Photo, Video

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GERMANY ECONOMY

DESCRIPTION: German Finance Minister Lars Klingbeil presents the draft budget for 2026 as the government tries to revitalize the country's economy, Europe's biggest. Coverage on merits.

UPCOMING: By 07/30/2025 4:30 a.m. EDT, Text, Photo, Video

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JAPAN-EARNS-PANASONIC

DESCRIPTION: Troubled Japanese electronics maker Panasonic releases quarterly earnings.

UPCOMING: By 07/30/2025 5:00 a.m. EDT, Text, Photo

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JAPAN-EARNS-NISSAN

DESCRIPTION: Troubled Japanese automaker Nissan reports financial results.

UPCOMING: By 07/30/2025 5:00 a.m. EDT, Text, Photo

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ECONOMY-GDP

DESCRIPTION: The Commerce Department issues its first of three estimates of how the U.S. economy performed in the second quarter of 2025. In the first quarter, the government estimated that the economy shrank at a 0.5% annual pace from January through March as President Donald Trump's trade wars disrupted business. It was the first quarterly contraction in three years. By Paul Wiseman. UPCOMING: 130 words after 8:30 a.m. release, then expanded, with photos.

UPCOMING: By 07/30/2025 8:30 a.m. EDT, Text, Photo

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LESOTHO TRUMP TARIFFS

DESCRIPTION: The tiny African nation of Lesotho was threatened with one of the highest tariff rates anywhere by the Trump administration. Now, some of its clothing factories, which make U.S. brands, are shut and thousands of jobs are at risk in a country already struggling with poverty and sky-high unemployment. AP text, photos, video and digital video.

UPCOMING: By 07/30/2025 12:00 p.m. EDT, Alternate Headlines, Text, Graphic, Video, DigitalPlans, Photo

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JAPAN-ECONOMY

DESCRIPTION: The Bank of Japan wraps up a monetary policy meeting as it struggles to balance a need to counter inflation with threats to the economy from President Donald Trump's higher tariffs.

UPCOMING: By 07/30/2025 1:00 p.m. EDT, Text, Photo

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TRUMP-HHS

DESCRIPTION: President Donald Trump is set to deliver remarks on Making Health Technology Great Again.

UPCOMING: By 07/30/2025 1:00 p.m. EDT, LiveVideo, Text, Photo, Video

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FEDERAL RESERVE

DESCRIPTION: The Federal Reserve wraps up its two-day policy meeting Wednesday. Despite increased public pressure from President Donald Trump to cut rates, most economists expect the U.S. central bank to leave its benchmark borrowing rate unchanged for the fifth straight time. Fed officials have cited uncertainty related to Trump administration policies, particularly tariffs, for leaving its rate unchanged this year. By Christopher Rugaber. UPCOMING: Fed policy statement and projections at 2 p.m., followed by Powell presser at 2:30 p.m.

UPCOMING: By 07/30/2025 2:00 p.m. EDT, LiveVideo, Text, Photo, Video

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META-RESULTS

DESCRIPTION: Social media giant Meta Platforms is scheduled to announce its results for the second quarter of 2025 after the market closes on July 30

UPCOMING: By 07/30/2025 4:40 p.m. EDT, Text

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MICROSOFT-RESULTS

DESCRIPTION: Microsoft reports earnings for its fourth fiscal quarter Wednesday after announcing about 15,000 layoffs this year.

UPCOMING: By 07/30/2025 4:40 p.m. EDT, Text

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