Tesla Inc
Xpeng releases mass-market EV with basic driver-assist for less than $20,000
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024. CNBC | Evelyn Cheng BEIJING — Chinese electric car company Xpeng on Tuesday announced that its mass-market brand Mona will start selling some models for less than $17,000. The basic version of the […]
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Nvidia has become world’s ‘most important stock,’ adding pressure to upcoming earnings report
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters For Nvidia investors, the past two years have been a joyride. But recently they’ve been on more of a roller coaster. As the primary beneficiary of the artificial intelligence boom, Nvidia has […]
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Tesla’s Optimus faces stiff humanoid competition at Beijing robot conference
Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024. CNBC | Evelyn BEIJING — While Chinese companies last week showed off humanlike robots playing the zither or grabbing sodas, Tesla displayed its Optimus humanoid inside a clear box, motionless next to its cars. Elon […]
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Trump says Musk wouldn’t have time to be in his White House cabinet, but could ‘consult’
Elon Musk (L) and Donald Trump (R). David Swanson | Vincent Alban | Reuters Former President Donald Trump said that Tesla and SpaceX CEO Elon Musk likely couldn’t serve in his hypothetical White House cabinet due to the demanding schedule of running his various companies. “He wants to be involved. Now look, he’s running big […]
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Stocks making the biggest moves midday: Cava, Intuit, Ross Stores, Workday and more
Check out the companies making headlines in midday trading: Cava Group — Shares of the fast-casual restaurant chain popped more than 21% on stronger-than-expected quarterly results . Cava posted earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That topped LSEG estimates calling for earnings per share of […]
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Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company, investors
A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT – Ford Motor‘s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to […]
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How China became the leading car supplier to Mexico and what it means for the U.S.
Blocked from the U.S. by tariffs, Chinese electric vehicle makers have looked elsewhere to sell their high-tech cars. But as Mexico has emerged as a hot spot for Chinese EVs, Washington officials worry the country may be used as a “backdoor” to the U.S. market. Last year, China was the leading car supplier to Mexico, […]
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Strong Tesla Megapack sales will boost this renewable stock, BofA says — giving it over 50% upside
Grenergy , a Spain-listed renewable energy company, is a promising investment opportunity in the rapidly expanding energy storage sector, according to Bank of America. The Wall Street bank said it believes the company’s focus on utility-scale battery projects will see it benefit from the growing demand for grid-scale energy storage, a trend underscored by Tesla […]
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China calls EU tariffs on EVs unfair, says it will take necessary measures to defend industry
An aerial view of new BYD electric cars to be exported on a dock in Yantai in east China’s Shandong province. Tang Ke | Future Publishing | Getty Images The Chinese government on Wednesday hit out at the European Union over tariffs on electric vehicle imports, after the bloc lowered duties on several major electric […]
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Waymo has doubled its weekly paid robotaxi trips to 100,000 since May
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty Images Waymo is now providing more than 100,000 paid robotaxi rides per week in the US, according to a LinkedIn announcement by its co-CEO Tekedra Mawakana. That’s double the 50,000 weekly paid trips […]
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