The punishment for breaches of corporate earnings data adds to the roster of Russian nationals in U.S. custody...
Continue ReadingHonda will join Ford, GM and other electric vehicle makers in adopting Tesla's charging technology, the company announced Thursday. Honda Motor Co. said it will use Tesla's fast-charging port for its EV models that go on sale in North American starting in 2025. Ford and General Motors announced similar deals with Elon Musk-owned Tesla in June, and electric truck maker Rivian followed suit later that month...
Continue ReadingThe stars of this year’s Munich Auto Show were the EV king Tesla Inc (NASDAQ: TSLA) and its China rival BYD Company Limited (OTC: BYDDY) who even dethroned the legendary Volkswagen (OTC: VWAGY) as the country’s best-selling EV brand. The world's largest EV makers are slowly becoming direct competitors outside China as well as BYD came to IAA Mobility with a strong EV lineup of six vehicles. Meanwhile, in the U.S., an innovative tonneau cover manufacturer, Worksport Ltd (NASDAQ: WKSP)(NASDAQ: WKS...
Continue ReadingTwo more big partners have signed up with Tesla’s (TSLA) charging network, opening up more charging availability for Tesla owners and cars equipped with NACS (North American Charging Standard) compatibility...
Continue ReadingHilton is installing 20,000 Tesla chargers at its hotels. They aren't the fast chargers, but it's still good news for Tesla and everyone else selling EVs...
Continue ReadingShares of electric car charging company ChargePoint (NYSE: CHPT) collapsed this morning, tumbling 25% through 10 a.m. ET after a huge earnings miss was reported last night. Heading into its fiscal Q2 2024, analysts were already pretty downbeat about ChargePoint, forecasting $0.15 per share of losses on sales of $153.2 million -- yet ChargePoint still managed to disappoint. ChargePoint may have missed sales estimates, but it still grew its quarterly revenues an impressive 39% year over year...
Continue ReadingElon Musk's Tesla has moved electric vehicles from theoretical to inevitable. It's no longer a question of whether EVs will replace internal-combustion-engine vehicles but when. People may drive a Tesla because it's green, but that's not why most customers pick the upstart automaker...
Continue ReadingTime magazine unveiled its Time100 AI list of the most influential figures in the maturing artificial intelligence space, ranging from Tesla (TSLA) CEO and Xai Founder Elon Musk to OpenAI CEO Sam Altman and Nvidia (NVDA) CEO Jensen Huang. Time Chief Executive Officer Jessica Sibley sits down with Yahoo Finance Live's Brad Smith and Julie Hyman to break down the criteria the magazine used to rank AI personalities, categorizing "the funders", "the thinkers", "the shapers", and "the innovators." "This doesn't have to just be a conversation about driving wealth and driving company value," Sibley states. "This has to be a conversation about how this technology and how the leaders in the space that Time has identified are going to make the world a safer, better place, and that we could leverage AI to solve, again, some of the biggest challenges."...
Continue ReadingThe Nasdaq (^IXIC) is trading in the red as elevated yields are impacting the tech trade. ChargePoint (CHPT) shares fall as the company reported disappointing earnings for its second quarter. The company also saw revenue increase 39 percent year-over-year. Dutch Bros Inc. (BROS) stock slides as the company plans to sell $300 million in shares, using part of the money to pay down debt. Hilton (HLT) is partnering with Tesla (TSLA) for an overnight EV charging network deal. Hilton will be installing up to 20,000 Tesla wall connectors at 2,000 of its hotels...
Continue ReadingThe Dow Jones Industrial Average dropped Thursday after initial unemployment claims. Apple stock dived on an expanded China ban...
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