Xiaomi Wins Approval From China's State Planner To Manufacture Electric Vehicles - Reuters
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- US futures fall on tech selloff as concerns about hawkish Fed, AI spending mount
- SpaceX extends losses after $600 billion wipeout, tech stocks slide again
- Oil steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Tesla (TSLA) in prime position to further capitalize on EV transformation, claims Wedbush's Ives
August 25, 2023 12:07 PM EDTTesla's (NASDAQ: TSLA) sum-of-the-parts story is fully in stride, according to Wedbush analyst Daniel Ives on Friday.
Ives noted the electric vehicle giant's newly released supercharger network OEM deals, energy business, AI-driven autonomous path, unmatched battery ecosystem, and increased production scale/ scope... More
Tesla (TSLA) Investors can expect to see payouts from Elon Musk's SEC settlement soon
August 24, 2023 2:02 PM EDTIn a Wednesday night court filing concerning a legal dispute stemming from a tweet sent by Tesla (NASDAQ: TSLA) CEO Elon Musks in 2018 shows 3,350 eligible claimants will share in a $41.53 million payout.
Musk drew the SEC's attention in August 2018, tweet saying he was thinking about taking Tesla private and had "funding secured" with "investor support." When the plan fell... More
Tesla (TSLA) virtual power plants will energize Texas grid
August 24, 2023 11:14 AM EDTA recent press release by the Public Utility Commission of Texas (PUCT) reveals that electric vehicle company, Tesla (NASDAQ: TSLA) will be providing Virtual Power Plant (VPP) solutions to the state's power grid. This initiative is a component of the Aggregate Distributed Energy Resource (ADER) initiative promoted by PUCT in 2022.
According to the press... More
Former XPeng (XPEV) autonomous driving head joins Nvidia (NVDA)
August 24, 2023 8:24 AM EDTWu Xinhou, the former vice president of autonomous driving at Xpeng (NYSE: XPEV), announced Thursday that he is joining U.S. artificial intelligence giant Nvidia (NASDAQ: NVDA).
Although Wu didn't provide specific details about his new position at Nvidia,... More
Tesla (TSLA) cuts production targets in Germany as output slows
August 23, 2023 10:23 AM EDTA story by Business Insider Wednesday, citing internal documents and unnamed sources, reports that electric vehicle maker, Tesla (NASDAQ: TSLA) has decided to cut their production targets for their German facility to 4,350 a week in July and August after hitting 5,000 a week in March with plans to reduce it further.
In late March, the American EV maker shared a... More
Zeekr to engage investors as EV maker aims for $1B U.S. IPO
August 23, 2023 8:34 AM EDTReuters reports Wednesday, citing people with direct knowledge of the matter, that Zeekr, the premium electric vehicle branch of China's Geely, is planning to engage with international investors starting from the end of August. This effort aims to gauge interest in a $1 billion initial public offering (IPO) in the United States. Individuals familiar with the situation have provided this information.
According to two of the people, Zeekr aims for the... More
