Options traders are pricing a 20.7% swing in CoreWeave stock before the AI cloud company reports earnings on Tuesday, November 10. The swing reflects concerns about Texas data center policy and the company's rising debt costs.
Where
Statewide
When
November 10, 2026 (earnings report date)
Sources
Reported by 2 outlets
Taxes and money
The sources don't state an effect on taxes. They do state these figures.
These outlets were found through Google News headlines. Google decides which outlets appear there, and they lean mostly one way, so this sheet can only be as balanced as the reporting it was built from. Leanings are AllSides Media Bias Ratings.
Voters in elections across the U.S. passed measures to restrict data center construction, electing candidates who campaigned on stricter regulation. The results sparked stock market volatility, particularly affecting the Nasdaq, amid investor concerns that new political leadership could slow AI infrastructure development. Texas Gov.-elect Gina Hinojosa has promised to halt new data center construction until safeguards are established.
Gina Hinojosa, Texas Gov.-elect; Greg Abbott, Republican incumbent Texas governor; Keisha Lance Bottoms, Democratic Gov.-elect of Georgia and 2 more
IREN's Texas data center project for Microsoft in Childress is running behind schedule. Microsoft requested network changes to support newer AI models, contributing to delays. The project also faced equipment shortages and a generator fire. Microsoft announced a $5 billion reduction in 2026 capital expenditure tied to the delays.
$$9.7 billion for cloud services contract value
IREN, data center developer; Microsoft, customer for cloud services; Aterio, analyst firm
Tesla CEO Elon Musk announced Friday that the company will phase out Cybertruck production at Gigafactory Texas around mid-2027 to make room for increased Cybercab robotaxi production. Musk did not say whether the Cybertruck would be produced elsewhere or discontinued entirely.
Elon Musk, Tesla CEO; Wes Morrill, Cybertruck lead engineer; Tesla, company
Tesla is seeking a 10-year school property tax break for a proposed $10.1 billion solar cell manufacturing plant in Fort Bend County. Lamar Consolidated Independent School District trustees approved the incentive 7-0, but Tesla has not confirmed a final site decision and is considering locations outside Texas.
$School maintenance and operations taxes would apply to 25% or 50% of property taxable value from 2029 through 2038; during construction, taxable value for those purposes would be zero. [1]
Tesla Inc., Company seeking tax incentive for proposed solar plant; Lamar Consolidated Independent School District trustees, Voted on incentive approval
Democrat Gina Hinojosa defeated Gov. Greg Abbott in the Texas governor race on November 3, 2026, after pledging to crack down on data center growth. An October poll found 79% of likely Texas voters supported limits on data centers. On August 3, Abbott halted new data center grid connections and ordered an audit.
$$14.6 million for data center sales tax break cost projection
Gina Hinojosa, Democrat candidate, defeated Gov. Greg Abbott; Greg Abbott, Governor, defeated in election; Brad Reynolds, Comptroller's chief revenue estimator and 2 more
San Antonio Mayor Gina Ortiz Jones asked the City Council to revise the city's state legislative agenda following Democrats' election victories. She wants to push for Medicaid expansion and repeal of House Bill 2127, Senate Bill 4, and a law barring cities from prohibiting landlords from denying renters who use federal housing assistance.
Gina Ortiz Jones, Mayor of San Antonio; City Council, City Council members considering revised legislative agenda