This company should enjoy strong demand for AI chips for years to come...
Continue ReadingElon Musk has entered his corporate gadfly era. It is too soon to say he is becoming this generation’s Evelyn Y. Davis, the late, infamous activist shareholder who for years needled public CEOs from IBM to General Electric with personal insults and corporate critiques. Since Musk bought X in 2022, Disney has halted advertising on X. Subsequently, Musk has called for its chief executive, Bob Iger, to be fired, and joined a chorus of conservative critics decrying what they say is the company’s embrace of woke culture...
Continue ReadingThis could be one of the most important events for Tesla...
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Continue ReadingBernstein's latest note warns Tesla investors to brace for a rough road ahead in the electric vehicle market...
Continue ReadingTesla's recent announcement about robotaxi capabilities and the halt on Model 2 development suggests a level of desperation. Read an analysis of TSLA stock here...
Continue ReadingThe market fell for the week, but rebounded Friday. Nvidia and AI chips stock are forging bases. Elon Musk said Tesla will unveil a robotaxi on Aug. 8...
Continue Reading(Bloomberg) -- Tesla Inc. plans to unveil its long-promised robotaxi later this year as the electric carmaker struggles with weak sales and competition from cheap Chinese EVs. Most Read from BloombergNY Area Rattled by 4.8 Magnitude Quake, Followed by AftershockTurkey Joins NATO Allies in Suspending Europe Arms TreatySaudis Scale Back Ambition for $1.5 Trillion Desert Project NeomZimbabwe Announces New Currency Called the ZiG, Backed by GoldTexas Toll Road Takeover to Cost Taxpayers at Least $1...
Continue ReadingTesla is making a risky bet if it shifts efforts on its small-car vehicle platform to robotaxis as the successful introduction of vehicles that drive themselves is in the distant future, and the technology faces engineering and regulatory hurdles. Reuters reported on Friday that Tesla has canceled its planned low-cost car and instead will continue developing self-driving robotaxis on the same platform. Tesla could not immediately be reached to comment on the timeline behind developing self-driving vehicles, but Musk subsequently said on X: "Tesla Robotaxi unveil on 8/8."...
Continue ReadingTesla CEO Elon Musk said a car model without a steering wheel or pedals would be unveiled on Aug. 8...
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