If Bevo had to step in front of the microphones, cameras and Texas football fans everywhere to deliver an annual State of the Longhorns address, what would he say?
Austin, TX
Tesla shares tumble below $150 per share
Tesla’s stock tumbled below $150 per share, giving up all the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers.
Shares in the Elon Musk-owned company slid nearly 4% in intraday trading Thursday, in what now stands as the third worst week for the stock in 2024, a year that has been dismal for Tesla investors. The Austin, Texas company’s shares are down 12.4% this week and more than 39% this year.
Shares of Tesla Inc. last traded at the $150 level in Jan. 2023.
It’s also been a bad year for employees. Tesla said Monday that it was cutting 10% of its staff globally, about 14,000 jobs. The next day, Tesla announced it would try to re-instate Musk’s $56 billion pay package that was rejected by a Delaware judge in January, who said that the arrangement was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.
At the time of the Delaware court ruling, Musk’s package was worth more than $55.8 billion, but the stock slide has cut that to $44.9 billion at the close of trading on Friday, according to a company filing this week.
Tesla shares hit an all-time intraday high of $415.50 in Nov. 2021, adjusted for a 3-for-1 stock split that took effect in August 2022.
Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. The company said it delivered 386,810 vehicles from January through March, nearly 9% below the 423,000 it sold in the same quarter of last year.
Dan Ives, an analyst with Wedbush who has been very bullish on Tesla’s stock, called the first quarter sales numbers an “unmitigated disaster.”
“For Musk, this is a fork in the road time to get Tesla through this turbulent period otherwise dark days could be ahead,” Ives wrote this week.
Yet on Thursday, Deutsche Bank joined other industry analysts in voicing concern over Musk’s big bet on autonomous vehicles as it stripped the company of its “buy” rating, citing Tesla’s “change of strategic priority to Robotaxi.”
Wall Street expects that Tesla will report a decline in first quarter earnings next week and many are wondering if there’s any near-term catalyst for growth that would end Tesla’s stock slide. Industry analysts were expecting a new small electric vehicle for the masses that would cost around $25,000, the Model 2, but there were reports last week that Musk was scrapping that project.
Musk disputed the reports, but wrote on X, the social media platform that he owns, that Tesla would unveil a robotaxi at an event on Aug. 8.
Uncertainty over the release of a cheaper vehicle from Tesla has altered the equation for analysts like Deutche Bank’s Emmanuel Rosner.
Such a delay would tie Tesla’s future more closely to “cracking the code on full driverless autonomy, which represents a significant technological, regulatory and operational challenge. We view Tesla’s shift as thesis-changing,” Rosner wrote.
Since last year, Tesla has cut prices as much as $20,000 on some models as it faced increasing competition and slowing demand.
Other automakers also have had to cut electric vehicle production and reduce prices to move EVs off dealership lots. Ford, for instance, cut production of the F-150 Lightning electric pickup, and lopped up to $8,100 off the price of the Mustang Mach E electric SUV in order to sell 2023 models.
U.S. electric vehicle sales growth slowed to 3.3% in the first quarter of the year, far below the 47% increase that fueled record sales and a 7.6% market share last year. Sales of new vehicles overall grew 5.1%, and the EV market share declined to 7.15%.
In addition to massive job cuts this week, Tesla this week announced the departure of two high-placed executives.
Andrew Baglino, Tesla’s senior vice president of powertrain and energy engineering, is leaving after 18 years with the company.
Rohan Patel, senior global director of public policy and business development and eight-year Tesla veteran, is also departing.
Austin, TX
PHOTO: Apparent gunman in Austin 6th Street shooting wore ‘Property of Allah’ shirt
FOX News obtained this image that purportedly shows the gunman responsible for a deadly mass shooting in Austin, Texas, on March 1, 2026. (FOX News)
AUSTIN, Texas – Investigators are probing the deadly shooting on Austin’s Sixth Street, that left three dead and 14 injured.
Officials are gathering new evidence that could point to extremist motives, as additional details surfaced Sunday about the gunman’s background and clothing during the incident.
What we know:
Three people, including the gunman, were killed, and 14 others were wounded early Sunday outside Buford’s beer garden in Downtown Austin.
Police said officers were responding to reports of gunfire around 1:40 a.m., before confronting the suspect and fatally shooting him after he opened fire.
Authorities have not publicly identified the suspect, but an FBI spokesman said on Sunday that investigators are reviewing materials recovered from the suspect and his vehicle that indicate a “potential nexus to terrorism,” but cautioned that it is too early to determine a motive or whether the attack was directed or inspired by a specific group.
Dig deeper:
FOX News reported Sunday that it had obtained a photo of the suspect taken before the shooting. The image showed a man holding a firearm and wearing a gray sweatshirt bearing the words “Property of Allah.”
Sources also told the network the suspect was wearing an undershirt that appeared to display an Iranian flag or Iranian imagery.
The Source: Information in this article was provided by FOX News and press conferences held by Austin police and the FBI.
Austin, TX
Multiple people injured in mass shooting on 6th St; Austin Police investigating
Austin Police are investigating a mass shooting at Buford’s on West 6th Street that’s left multiple people injured.
This happened around 2 A.M. as the bar was closing.
The number of people injured is not known.
Austin Police are also investigating an Officer Involved Shooting in the 600 block of Rio Grande Street.
They say the suspect is deceased.
APD says the call originated as a shoot/stab hotshot incident with multiple people injured.
Austin Travis County EMS and the Austin Fire Department are also on the scene.
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This is a developing story and will be updated as more information is released.
Austin, TX
State of the Texas Longhorns: Where UT athletics stands in early 2026
Maybe he would expound on the virtues of Arch Manning and deride the College Football Playoff committee for leaving the Longhorns out. Or maybe he would just as for some more hay to snack on.
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Texas Longhorns linebacker Ty’Anthony Smith (26) lifts the trophy with head coach Steve Sarkisianas the Longhorns celebrate after winning the Citrus Bowl 41-27 against the Michigan Wolverines at Camping World Stadium in Orlando, Florida, Dec. 31, 2025.
Bevo and his predecessors have been stomping on the sidelines of Texas games for over 100 years. It might require a few hundred more years and some substantial evolutionary progress before he’s ready to deliver the burnt orange equivalent of the President’s annual State of the Union Address, which took place Tuesday night.

Bevo XV makes his way into Darrell K Royal Texas Memorial Stadium during before the start of an NCAA college football game against Texas A&M Aggies in Austin, Texas, Saturday, Nov. 22, 2025.
Ricardo B. Brazziell/Austin American-StatesmanFor now, we’ll take on the task for him. Here’s where things stand with the Longhorns in early 2026.
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Where the Texas Longhorns rank nationally
Texas won the Learfield Directors’ Cup — awarded to the best-performing athletic department in the country — for the second consecutive year and the fourth time in the last five years in 2025. That’s a remarkable achievement.
How likely are the Longhorns to repeat in 2026?
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MORE: Texas football is spending a lot on its coaches. Why Steve Sarkisian says it’s necessary
It’s tough to predict. Texas didn’t have a great fall, by its standards. The Longhorns rank 31st in the Directors’ Cup standings, with fifth-place, 13th-place and 33rd-place finishes in women’s volleyball, football and men’s cross country finishes marking the only areas where they picked up points.
The good news for Texas is that the fall typically isn’t kind to the Longhorns. Last year, they came out of the autumn ranked 16th.
The winter should be much better. Texas, as usual, has national championship contenders in both men’s and women’s swimming. The Longhorns have an elite women’s basketball team and top-20 teams in men’s and women’s indoor track and field. They can make up some serious ground when results for those sports are tabulated in April.
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We know less about the Longhorns’ outlook in the spring sports, many of which are just getting going, but that has been a source of strength for UT in years past. Last year, North Carolina paced the Directors’ Cup field after the fall and winter events were scored. Texas nearly doubled the Tar Heels’ spring score to chase them down.
How Texas matches up with its in-state rival Texas A&M
Any successful political endeavor requires success in your power base.
Texas’ move to the SEC ahead of the 2024-25 athletic campaign led to the revival of the Lone Star Showdown against local rival Texas A&M. Like the Directors’ Cup, the Lone Star Showdown measures the results of all sports, compiling outcomes of games between the Aggies and Longhorns throughout the academic year.
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MORE: What a hot start for Dylan Volantis, UT pitchers means for Longhorns
Last year, Texas won the Lone Star Showdown over Texas A&M by a final score of 11-7.
This year, the Aggies hold a 5.5-4 lead at the time of publication. Texas A&M has bested the Longhorns in soccer, cross country, volleyball, women’s tennis and men’s basketball, while Texas took home points in football, women’s basketball and swimming and diving.
There are still 9.5 points up for grabs. Half a point is at stake when the men’s basketball teams meet in College Station on Saturday, Two more points can be had this weekend at the SEC indoor track championships, too.
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Texas Longhorns have a down year financially
The campaign funds did not flow as freely for the Longhorns in the 2025 fiscal year.
Texas made a $23.3 million loss, according to financial documents reviewed by the American-Statesman.
The Longhorns attribute most of that to a diminished SEC media rights share — a stipulation Texas agreed to in order to leave the Big 12 for the SEC a year earlier than originally planned. The average SEC school took in $72.4 million in conference distributions in 2025. Texas received just $12.1 million.
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Texas officials say they’re not concerned about their financial position because their agreement with the SEC puts them in line for a full revenue share in the next fiscal year. Rob Novak, the Longhorns’ Chief Financial Officer, said the $23.3 million loss was considered a good financial outcome internally.
And, Novak says, the Longhorns had cash to fall back on. He told the Statesman that the Athletic Department still has over $30 million available in reserve after earning a profit for three consecutive years prior to 2025.
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