Tesla stock dipped early Thursday. ...

Core Points - Tesla is recalling up to 6,197 Cybertrucks due to the use of incorrect glue for the off-road light bar, which poses a risk of detachment while driving [1][3] - The off-road light bar, an optional accessory for the "Cyberbeast" variant, can illuminate up to 525 yards and was introduced late last year [2] - Tesla's service manual prohibits employees from installing the light bar electronics, and the company will replace defective units at no cost to customers [3] Company Performance - Tesla has faced multiple recalls since the Cybertruck's launch in November 2023, including a recall of 46,000 units in March due to potential detachment of an exterior trim panel [10] - In the first nine months of the year, Tesla sold approximately 16,000 Cybertrucks, with a significant year-over-year sales decline of 62.6% in the third quarter [11] - Despite Elon Musk's prediction of producing up to 250,000 Cybertrucks annually, the company has struggled with sales in recent months [10]

Tesla Inc. (NASDAQ:TSLA) is planning to showcase the Cybercab at China's Annual Import Expo in Shanghai as the highly awaited autonomous vehicle inches closer to production, with new job listings announced by the EV giant.Check out the current price of TSLA here.Cybercab To Debut In Asia Pacific Next MonthThe company will showcase its Cybercab at the expo, which will run from November 5 to November 10. Tesla's Vice President Tao Lin announced the decision on the Chinese social media platform Weibo on Thursd ...

Uber Technologies Inc. (NYSE:UBER) CEO Dara Khosrowshahi says that most cars would be capable of autonomous driving in the future amid Uber's self-driving push.Driving Would Be Like Horseback Riding"I think, all cars being autonomous, I see 20+ years," Khosrowshahi said on Wednesday during an appearance on a podcast, adding that it will take a long time to "bring the cost curves down" and ensure safety."I think that driving will be something like horseback riding," the CEO said. He added that while horsebac ...

Core Viewpoint - Tesla is recalling 6,197 Cybertrucks in the United States due to a potential road hazard caused by a detached light bar [1] Group 1 - The recall affects 6,197 units of the Cybertruck model [1] - The National Highway Traffic Safety Administration (NHTSA) identified the issue as a risk to other vehicles on the road [1] - The recall highlights ongoing safety concerns related to Tesla's vehicle designs [1]

Core Insights - Tesla will unveil its Cybercab at the China International Import Expo in Shanghai, scheduled from November 5-10 [1] Company Summary - The debut of the Cybercab highlights Tesla's ongoing expansion efforts in the Chinese market [1]

Core Viewpoint - The California Public Employees Retirement System (CalPERS) plans to vote against Elon Musk's $1 trillion compensation package, citing concerns over concentration of power and the size of the package compared to other CEOs [1][2]. Group 1: CalPERS Opposition - CalPERS believes the compensation package would "concentrate power in a single shareholder" [2]. - The fund's spokesperson noted that the proposed package is significantly larger than those of other CEOs [2]. - CalPERS owns approximately 5 million shares of Tesla, representing an investment of about $2.3 billion [2]. Group 2: Previous Compensation Package - CalPERS opposed a previous $56 billion pay package, which was struck down by a Delaware court last year, although Tesla has appealed this decision [3]. Group 3: Support for Musk's Compensation - The Florida Retirement System's State Board of Administration supports Musk's pay package, describing it as a "bold, performance-driven incentive structure" [4]. - TV host Jim Cramer and Cathie Wood, CEO of ARK Invest, have also expressed support for Musk's compensation, with Wood predicting a decisive win at the upcoming shareholder meeting [5]. Group 4: Criticism of the Pay Package - Critics, including Ross Gerber from Gerber Kawasaki, have labeled the compensation award as "insanity" and questioned the independence of Tesla's Board of Directors from Musk's influence [6]. Group 5: Musk's Response to Proxy Advisors - During a recent earnings call, Musk criticized proxy advisory firms, calling them "corporate terrorists" and accusing them of making recommendations based on "random political lines" [7].

Core Viewpoint - NVIDIA Corporation has achieved a significant milestone by becoming the first company to reach a market capitalization of $5 trillion, driven by strong demand for AI technology and strategic investments [1][4][5] Group 1: Stock Performance - NVIDIA's stock price increased by 4.5% to $210, following a 5% rise the previous day, reflecting positive market sentiment [1] - The stock has seen a remarkable increase of over 50% since the beginning of the year and has surged by more than 44,000% over the past decade, significantly outperforming major indices like the Nasdaq and the S&P 500 [3] Group 2: Strategic Investments and Partnerships - NVIDIA announced a $1 billion investment in Nokia and partnerships with Oracle and Palantir Technologies to enhance AI infrastructure and develop AI supercomputers [2][5] - These strategic initiatives are expected to bolster NVIDIA's position in the AI market and contribute to its growth strategy [2][5] Group 3: Market Position and Customer Base - NVIDIA's market value now surpasses Germany's GDP of $4.6 trillion, positioning it ahead of major global economies [4] - The company's largest customers include OpenAI, Tesla, Meta, Amazon, and Oracle, highlighting its strong presence in the AI industry [4]

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk is full of transformational ideas — but he’s "increasingly confident" one of them could work. TSLA stock is moving. Watch the real-time price action here. Musk has explored a distributed AI inference approach that leverages Tesla's fleet of EVs. That means each car becomes a high-performance AI processing node when not driving. Read Next: Nvidia, Oracle To Build DOE’s Largest AI Supercomputer Using 100,000 GPUsHe envisions Tesla’s millions of cars as a network like Am ...

Core Viewpoint - Tesla stock is experiencing strong performance, driven by renewed optimism in artificial intelligence and positive commentary from Wall Street [1] Group 1 - Tesla shares are hovering near record levels, indicating strong market interest and investor confidence [1] - The recent bullish sentiment from Wall Street analysts is contributing to the stock's upward momentum [1] - The influence of artificial intelligence developments is playing a significant role in enhancing investor outlook for Tesla [1]