Tag TSLA
Mega-cap tech stocks could get a boost in the fourth quarter as Treasury yields pull back, analysts at Goldman Sachs wrote in a research note...
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China's BYD produced about 440,000 battery-electric vehicles in the third quarter, compared with Tesla's 430,000. It's the first time BYD has bettered Tesla...
Continue ReadingThe United Auto Workers (UAW) strike has caught the attention of many politicians. President Joe Biden recently made history by being the first sitting president to join striking autoworkers on the picket line. Rep. Alexandria Ocasio-Cortez, sometimes abbreviated as AOC, also rallied with union workers, telling them, "When the Big Three don't want to take the value of their workers seriously, then they have given workers no other option but to force them to value their labor." During a recent CB...
Continue ReadingLearn about the Fed's decision on interest rates, the market's vulnerability to correction, and the evolving macroeconomic factors affecting the economy...
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It's becoming increasingly common to see driverless cars on the road. The technology isn't perfect yet, but there are plenty of companies working on getting it there. No One at the Wheel: Driverless Cars and the Road of the Future author Samuel Schwartz and Wedbush Senior Equity Analyst Dan Ives share their thoughts on investing in the autonomous vehicle space. Schwartz highlights Alphabet's Waymo (GOOGL, GOOG) as being a company in the lead. Schwartz also points to General Motors' Cruise (GM), and Tesla (TSLA). However, Schwartz notes that one of the big problems for the industry is the "lack of sharing of information and data," which means "we don't know enough about how these vehicles are performing." Schwartz estimates that it could take another 20 years for driverless vehicles to handle dirt roads or mountain roads, given that these vehicles can't yet do everything that one with a driver can. Ives compares the rise of driverless vehicles to what we're seeing in AI in that there will be "derivative plays." Ives makes the case for Uber Technologies (UBER) as a potential play because he believes "not just one of five, but potentially two of every five Ubers, end of decade, could be self-driving, autonomous." Ives echoes Schwartz's comments about GM's Cruise unit, saying it is a "significantly undervalues asset" at the automaker. For more from this episode of NEXT: Self-Driving Cars: The Road to Autonomy (full episode) How Tesla’s Dojo supercomputer will supercharge self-driving vehicle technology NEXT: Driverless cars go mainstream How May Mobility is bringing self-driving cars to the streets...
Continue ReadingElon Musk's company delivered 435,059 cars in the third quarter. Wall Street had expected closer to 455,000...
Continue ReadingThe EV market, at least in the U.S., is still the playground of Tesla Inc (NASDAQ: TSLA) with other automakers playing by the EV king’s rules. Yet, Tesla is basically selling only four EVs with the eagerly anticipated Cybertruck yet to have its debut by the end of the year. Although Tesla sold the most EVs in the U.S. from January to June, by far, the competitive landscape is bound to change at some point. With 2024 Honda Prologue, Honda Motor Co (NYSE: HMC) is getting back in the EV game with t...
Continue ReadingTesla (TSLA) has been receiving a lot of attention over its new AI project: the Dojo supercomputer. The company has invested billions in advancing supercomputing architecture to efficiently and more accurately train its self-driving software. Dojo is designed to process vision and recognition data and input that information in Tesla’s machine learning models. The excitement surrounding Dojo stems from its ability to handle millions of terabytes of video data per second. Tesla projects that the Dojo will be in the top five most powerful supercomputers in the world by early 2024. The company’s goal is to effectively process this large amount of sensory data captured from real-life situations in over four million Tesla cars. Yahoo Finance’s Auto Reporter Pras Subramanian joins the NEXT series to break down the next big thing in autonomous car technology. The NEXT Big Thing is the social companion to our big bold series NEXT...
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Continue ReadingIt's not just carmakers like Tesla (TSLA) and General Motors (GM) investing in the driverless cars space. Tech companies like Alphabet's Waymo (GOOGL, GOOG), chipmaker Nvidia (NVDA), and auto tech company Mobileye Global (MBLY) are investing big in the space. Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down the big business behind autonomous vehicles...
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