Elon Musk and Jeff Bezos have for years duked it out for the unofficial title of the world’s richest person. Now, with Donald Trump heading back to the White House, they seem to be competing for who can win — or at least not lose — the president-elect’s favor. Musk, the Tesla and SpaceX founder…
Elon Musk’s pre-kindergarten Montessori school in Texas can now open its doors. The school, which has been in the works since last year, received its initial permit from the Texas childcare regulator on Thursday, according to the agency, paving the way for Elon Musk to start building out ambitious, STEM-focused education plans that could eventually…
Food delivery giant Meituan is looking to launch its drone delivery services in Hong Kong, joining a slew of Chinese tech giants that are searching for new growth in the city amid stiff competition on the mainland. Meituan aims to be one of the first companies to operate a drone delivery fleet in Hong Kong,…
STORY: Wall Street’s main indexes closed mixed on Monday, with the tech-heavy Nasdaq ending higher thanks to another surge in shares of Tesla. The Dow ended slightly lower, the S&P 500 gained about four-tenths of a percent and the Nasdaq added six-tenths. Tesla, whose shares have surged roughly 30% since the November 5th election, jumped…
Nvidia will announce earnings on Thursday after the close. Photo: Andrej Sokolow/dpa (Photo by … [+] Andrej Sokolow/picture alliance via Getty Images) dpa/picture alliance via Getty Images Key Takeaways Stocks Slide Amid Rising Interest Rate Concerns And Market Profit-Taking Last Week Nvidia’s Earnings Could Shape Market Sentiment Amid Chip Sector Weakness Fed Comments, Holiday Retail…
TL;DR: Hyundai plans to enter the Chinese EV market in collaboration with Haomo by releasing an electric vehicle featuring generative AI technology next year. The vehicle will have Level 2 to 2.5 autonomous driving capabilities. Hyundai has a “secret weapon” that it will be unleashing onto the Chinese EV market next year, where in collaboration…
The Trump transition team is considering a former Uber executive and three current or former Republican congressmen – one of whom is now a Fox News host – to lead the US Department of Transportation, eight sources familiar with the matter told Reuters. Emil Michael, a Trump donor and technology entrepreneur who knows Elon Musk…
US auto stocks including Tesla, Rivian and General Motors fell on Thursday after a report said that President-elect Donald Trump planned to end the consumer tax credit for electric vehicles. Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters reported, citing…
Tesla stands to benefit from any removal of consumer tax credits on electric vehicle purchases. The move could hurt competitors more, CEO Elon Musk said. Tesla makes a vast majority of EVs sold in the US, but its lead has started to slip slightly. Thanks for signing up! Access your favorite topics in a personalized…
Tesla (TSLA) stock declined as much as 4% on Thursday following a massive post-election surge from the “Trump trade” favorite. The electric vehicle maker’s stock started showing signs of overextension earlier this week after reaching a peak of $350. The stock had been on a tear in the days following Donald Trump’s election victory on…