Beyond Meat may be plant-based, but investors are beefing up their holdings as the company’s stock becomes a so-called meme asset. Shares of the firm have surged over 1,000% since hitting a record intraday low last week, as the company announced its creditors had accepted a debt swap. Demand for Beyond Meat and other plant-based…
Uber CEO Dara Khosrowshahi says autonomous cars will act as a “catalyst” for EV adoption as Uber expands its global self-driving footprint. Photo by Riccardo Savi/Getty Images for Concordia Annual Summit The once-booming U.S. market for electric vehicles is slowing, but Uber CEO Dara Khosrowshahi isn’t fazed. Speaking today (Sept. 23) at the Concordia Summit…
Tesla CEO Elon Musk (Photo by Patrick Pleul / POOL / AFP) (Photo by PATRICK PLEUL/POOL/AFP via Getty … More Images) POOL/AFP via Getty Images Tesla’s reputation crisis is deepening, according to a new report from EV Intelligence that says Tesla now has the lowest net positive perception among all EV brands and the highest…
China’s automakers are outpacing foreign rivals in their push for assisted-driving technology, eager to woo motorists hungry for rapid innovation. Yet, Beijing has a nuanced message for its rising stars: move fast — but be careful. Regulators this week have been finalizing new safety rules for driver-assistance systems as Beijing sharpens scrutiny of the technology…
Elon Musk and Omead Afshar, left, at an event in Shanghai, China, in 2019. © 2019 Bloomberg Finance LP Elon Musk fired Tesla’s head of operations in North America and Europe, amid declining sales in both regions and the electric vehicle brand’s falling popularity, according to people familiar with the matter. Omead Afshar, who started…
WeRide is one of China’s earliest companies focused on smart driving solutions, and went public on the Nasdaq in October 2024. WeRide is the latest company reported to have confidentially filed for a Hong Kong listing following adjustments to the city’s listing regulations. (A WeRide robotaxi. Image credit: WeRide) Chinese autonomous driving technology company WeRide…