Tesla Inc
China consumer slowdown weighs on U.S. earnings again
People walk at a shopping complex in Chengdu, Sichuan province, China April 13, 2024. Tingshu Wang | Reuters From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines. The falling revenue in what’s been a major market for the U.S. companies comes amid tepid consumer spending in China and […]
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Judge rejects request to block Elon Musk $1 million voter giveaway
Larry Krasner, Philadelphia’s district attorney, center, departs after a hearing at City Hall in Philadelphia, Pennsylvania, US, on Thursday, Oct. 31, 2024. Ryan Collerd | Bloomberg | Getty Images A judge on Monday rejected a request by the Philadelphia District Attorney to block a $1 million daily giveaway by Tesla CEO Elon Musk’s political action […]
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Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024 (L), and Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Reuters Physical Intelligence, a robot startup based in San Francisco, has raised $400 […]
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Want to invest in China’s hot EV market? The pros share their take
China’s hot electric vehicle market has been gaining investor interest, and one analyst sees potential for the sector to grow further. “China’s EV market is the largest in the world and also delivers fast growth,” Vincent Sun, senior equity analyst at Morningstar said. Sun — who spoke to CNBC Pro on Nov. 1 — remains […]
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Elon Musk $1 million voter lottery suit sent back to state court
Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as he speaks about voting during an America PAC Town Hall in Folsom, Pennsylvania, U.S., October 17, 2024. Rachel Wisniewski | Reuters A federal judge in Pennsylvania on Friday sent back to state court a lawsuit against […]
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BlackRock launches ETF that expands beyond the ‘Magnificent Seven’
ETF Edge BlackRock launches ETF that expands beyond the ‘Magnificent Seven’ Published Thu, Oct 31 20247:00 PM EDTUpdated 54 Min Ago Krysta Escobar WATCH LIVE Source
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Elon Musk seeks to move $1 million voter lottery lawsuit to federal court
SpaceX and Tesla founder Elon Musk speaks at a town hall with Republican candidate U.S. Senate Dave McCormick at the Roxain Theater on October 20, 2024 in Pittsburgh, Pennsylvania. Michael Swensen | Getty Images Elon Musk and his political action committee are seeking to move the Philadelphia District Attorney’s lawsuit targeting their $1 million swing […]
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Chinese EV maker BYD’s quarterly sales overtook Tesla’s for the first time
New cars, among them new China-built electric vehicles of the company BYD, are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. Yves Herman | Reuters Chinese electric vehicle maker BYD reported third-quarter revenue that topped that of behemoth rival Tesla for the first time. On Wednesday, BYD reported revenue for the three […]
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China’s Xiaomi delivers 20,000 EVs in October, just months after launching its first car
Chinese smartphone company Xiaomi on Tuesday announced a sports car version of its SU7 electric sedan would begin preorders for the equivalent of more than $110,000. Luna Lin | Afp | Getty Images BEIJING — China’s Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production […]
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China ‘does not agree or accept’ the EU’s EV tariffs, says negotiations are still ongoing
Aerial photograph shows electric cars for export stacked at the international container terminal of Taicang Port in Suzhou, in China’s eastern Jiangsu Province. The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. Str | Afp | Getty Images China’s commerce ministry said it “does not […]
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