The Tesla comes up to a red light at an intersection in Brooklyn…and keeps going. “We just went through a red light,” the exasperated driver says. The driver, who appears in a CNBC video, is one of thousands of whom Tesla is allowing to try new and unfinished driver assistance features on public roads in the…
Next stop, $5 trillion. Apple (AAPL) – Get Apple Inc. Report may no longer be a $3 trillion company after reaching that milestone earlier this year, but it is in lead to become the first company with a $5 trillion valuation. A record high stock market has made possible market capitalizations that were once thought to…
Online advertising has been incredibly lucrative for Facebook, Google, and perhaps surprisingly Amazon (AMZN) – Get Amazon.com, Inc. Report. Meta’s (FB) – Get Meta Platforms Inc. Class A Report Facebook alone took in nearly $115 billion in advertising last year and $84,169 billion in 2020. Alphabet’s (GOOGL) – Get Alphabet Inc. Class A Report Google…
Demand for electric vehicles is strong despite a still tiny market share. In addition to infrastructure, most EV manufacturers agree that whoever is able to produce quickly and sufficiently on a large scale has a good chance of entering consumer garages. In the United States, Tesla (TSLA) – Get Tesla Inc Report has taken a good…
Elon Musk is omnipresent on Twitter, where he does not hesitate to respond to his critics. But most often he communicates there about his two companies, Tesla (TSLA) – Get Tesla Inc Report and SpaceX. Sometimes he praises the latest product that sets or will set Tesla apart. Sometimes it’s to highlight the space prowess achieved…
Updated at 9:09 am EST St. Louis Federal Reserve President James Bullard doubled-down on his view that deeper near-term rate hikes are need to tame domestic price increases, telling CNBC Monday that inflation is ‘broadening and accelerating’ in the world’s biggest economy. Bullard, who last week said that the Fed needs to increase interest rates…
Updated at 9:06 am EST Tesla (TSLA) – Get Tesla Inc Report shares moved lower Monday after data from China showed a slowdown in monthly sales as supply-chain disruptions continue to trim capacity at its Shanghai gigafactory in the world’s biggest car market. The China Passenger Car Association (CPCA) said Tesla sold 59,845 China-made cars in…
Updated at 6:26 am EST Audioboom Group shares surged to a record high in London trading Monday amid reports that both Amazon (AMZN) – Get Amazon.com, Inc. Report and Spotify (SPOT) – Get Spotify Technology SA Report are preparing competing takeover bids for the U.K.-based podcasting group. Britain’s Sky News reported the pair’s interest in Audioboom, a…
You don’t change a formula that wins, says an adage. In this case, the formula is doubly winning. The electric vehicle (EV) manufacturer Tesla (TSLA) – Get Tesla Inc Report continues to rack up orders and reservations for its Semi, a prototype-stage electric class-8 truck, despite the fact that production and deliveries have been postponed once…
It’s the chef’s surprise. While automakers are mostly busy showing off their electric car prowess, Ford (F) – Get Ford Motor Company Report seems to have had it all. The Dearborn group recently unveiled a new update to its FordPass Connect app, which notably allows owners of Ford vehicles to interact with their cars remotely, even…
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