China's electric lorry start-up Windrose Electric plans to list its shares in the US this year through a special purpose acquisition company at an enterprise value of at least $2 billion, the company's chief executive Wen Han told the Financial Times in an interview published on Wednesday.Here are…
Michael Burry, the money manager made famous by “The Big Short”, has taken a bearish position in Tesla, Inc. (TSLA) ahead of its Q2 delivery print, even as Gary Black expects the company to top delivery estimates while staying on the sidelines over valuation concerns.In a new trading post late Tues…
EV giant Tesla Inc (TSLA) has seemingly hired Gary Jiang, a nearly 18-year veteran of Intel’s semiconductor manufacturing operations, as Director of its ambitious Terafab chip fabrication project in Texas.TSLA stock closed 2% higher on Tuesday, clocking three straight days of gains.The New Terafab…
New car registrations in France rose 11.37% in June from a year earlier to 188,787 vehicles, data from French car body PFA showed on Wednesday.Tesla NASDAQ:TSLA sales in the country rose 104.99% last month to 7,474 vehicles.
WASHINGTON (dpa-AFX) - A tragic accident occurred on Monday afternoon in Simi Valley, California, where a 79-year-old woman lost her life after a Tesla car crashed into the outdoor seating area of an Urbane Cafe located at a Target shopping center.This incident happened around 2:30 p.m. near the in…
Tesla NASDAQ:TSLA is expected to report a 5% rise in vehicle deliveries on Thursday for the second quarter.The gain is likely to stem from higher demand in Europe, where a sharp jump in fuel prices has pushed consumers to choose battery-powered cars.While demand in China is expected to be stable, U…
By Al RootSpaceX stock and Tesla shares are doing something surprising: They are rising and falling together.Shares of Elon Musk's rocket and AI company gained 4.1%, closing at $170.86 on Tuesday, while the S&P 500 and Dow Jones Industrial Average were up 0.8% and 0.3%, respectively.The move comes…
Citigroup strategists have reported a sharp slowdown in retail investor activity across the Magnificent Seven, with trading participation falling to a four-year low after months of muted demand. Retail traders accounted for just 6% of total trading over the five days through Friday in Alphabet NASD…
Tesla NASDAQ:TSLA is closing in on its second-quarter delivery numbers, which are projected to come due on July 2. Two forecasts among competing estimates are on the radar, according to data Bloomberg compiled and posted on Tesla's investor relations website. The consensus estimate from Bloomberg p…
Europe is an emerging but promising market for self-driving 'robotaxis', with the technology set to become far more visible across the region over the next two years, the CEO of Israeli autonomous driving firm Autobrains said on Tuesday."I think 2026 and 2027 is going to be an inflection point for…
Tesla NASDAQ:TSLA faces another autonomy challenger as Wayve builds momentum with automakers, ride-hailing partners and major tech investors.Wayve recently signed a deal with Stellantis NYSE:STLA and Uber NYSE:UBER to explore Level 4 robotaxi deployments globally. It also signed an earlier agreemen…
Tesla NASDAQ:TSLA shares surged more than 8% on Monday, marking their strongest one-day gain in more than a year, as investors piled back into the EV maker ahead of its closely watched second-quarter delivery report due on July 2.The rally was driven by growing optimism that Tesla could beat Wall S…
By Al RootTesla stock was lower early Tuesday after an epic Monday, as the car industry looks for solutions to rising commodity prices.Shares of the EV maker were down 0.7% at $409.16, while S&P 500 and Dow Jones Industrial Average futures were up 0.1% and 0.2%, respectively. Tesla stock gained 8.5…
Panasonic is seeking to localise its U.S. supply chain for energy storage systems as it prepares to produce battery cells at a plant in Kansas as part of a shift towards supplying data centres, the Japanese group's CEO said on Tuesday."Since most of our customers are in the U.S. for these energy st…
By Terence GabrielThe Magnificent Seven stocks may be nearing an important turning point after a sharp June selloff. The big question now is whether buyers step in soon, or whether the decline has further to run.Click here for a more detailed chart.The group has fallen much more than the broader ma…
U.S. stock futures were in the green early Tuesday after a rebound in technology shares in the previous session and easing geopolitical jitters in the Middle East pushed the Dow Jones Industrial Average to clear the historic 52,000 milestone for the first time. Alphabet's 5% surge during its debut…
Cantor forecasts Tesla Q2 deliveries ~397,414 (below consensus) and 15.7 GWh energy deployments. Q1 free cash flow beat. 2026 capex raised >$25B; negative free cash flow expected r
Shares of Tesla, Inc. (TSLA) trimmed losses overnight after the EV maker said that engineering tests of its first production Cybercab had begun in Austin, sharpening focus on CEO Elon Musk’s long-promised driverless ride-hailing vehicle.TSLA stock jumped over 8% on Monday to end at $411.84, logging…
By Eric Onstad, Amy Lv, Ju-min Park and Kalea HallFerrari and BMW are rolling out new models featuring lightweight, cost-effective aluminium wiring, accelerating a shift away from copper, the dominant material in electric wiring since the invention of the electric battery two centuries ago.The deci…
The spike in copper prices to a record high earlier this year has added weight to arguments for switching from copper to cheaper and lighter aluminium in a range of sectors.Here are the factors involved in the decision and some companies that have moved to substitute aluminium for copper.WHY DO COM…
