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Why are buyers returning to Tesla?
Yahoo Finance· 2025-10-02 17:47
Prospective customers confer with sales associates as a Model S sits on display in a Tesla showroom. (David Zalubowski / Associated Press) Tesla electric vehicle sales jumped last quarter, as buyers rushed to take advantage of an expiring federal tax credit. The company's EV sales rose 7% in the three months through September compared to a year earlier, mirroring a spike in overall EV sales across the country. The $7,500 credit for new electric vehicles was eliminated on Sept. 30 by the Trump administra ...
Senators Slam Tesla’s Full Self-Driving System - Tesla (NASDAQ:TSLA)
Benzinga· 2025-10-01 07:45
Senators have called for an investigation into the Full Self-Driving (FSD) system of Tesla Inc. (NASDAQ:TSLA), raising concerns about its safety, particularly at railroad crossings.Senators Urge NHTSA Probe Into Tesla FSD Rail RisksAs detailed by Reuters, Ed Markey (D-Mass.) and Richard Blumenthal (D-Conn) have asked the National Highway Traffic Safety Administration (NHTSA) to look into the alleged failures of Tesla’s FSD system. The senators expressed apprehension about the system’s capacity to safely det ...
Portnoy Law Firm Announces Class Action on Behalf of Tesla, Inc. Investors
Globenewswire· 2025-09-30 19:34
LOS ANGELES, Sept. 30, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Tesla, Inc, ("Tesla" or the "Company") (NASDAQ: TSLA) investors of a class action on behalf of investors that bought securities between April 19, 2023, and June 22, 2025, inclusive (the “Class Period”). Tesla investors have until October 3, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or joi ...
Pony AI (PONY) Enters Singapore Market By Partnering With ComfortDelGro
Yahoo Finance· 2025-09-30 08:13
Pony AI Inc. (NASDAQ:PONY) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. On September 20, Pony AI Inc. (NASDAQ:PONY) announced its entry into the Singapore Market by partnering with ComfortDelGro. ComfortDelGro is one of Singapore’s largest transportation service providers. As part of this partnership, the companies will launch autonomous vehicle services in the Punggol area. This initiative supports Singapore’s plan to integrate autonomous vehicles with existing tran ...
Levi & Korsinsky Reminds Tesla, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of October 3, 2025 – TSLA
Globenewswire· 2025-09-25 20:44
NEW YORK, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Tesla, Inc. ("Tesla, Inc." or the "Company") (NASDAQ: TSLA) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Tesla, Inc. investors who were adversely affected by alleged securities fraud between April 19, 2023 and June 22, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/tesla-inc-lawsuit-submissi ...
Billionaire Ken Griffin Sells Tesla Stock and Buys an Artificial Intelligence (AI) Stock Up 1,100% Since 2023 (Hint: Not Palantir)
The Motley Fool· 2025-09-20 08:10
Group 1: Ken Griffin's Investment Moves - Ken Griffin sold Tesla shares for the fourth consecutive quarter, reducing his position by 30% [2] - Griffin significantly increased his position in Nvidia by 900%, making it his second-largest holding [2][3] - Citadel's investment in Nvidia is at its highest since 2022, indicating a potential realization of previous selling mistakes [3] Group 2: Tesla's Current Challenges and Opportunities - Tesla's automotive sales have declined for three straight quarters, losing over 3 percentage points of market share to BYD [5] - The company has launched its first commercial autonomous ride-sharing service in Texas and is testing in California and Nevada, with potential robotaxi revenue estimated at $84 billion by 2035 [6] - Tesla's reliance on computer vision for autonomous driving may provide a competitive edge over Waymo's more expensive sensor suite [7] Group 3: Tesla's Future Prospects - Tesla is developing an autonomous humanoid robot, Optimus, which Musk claims could account for 80% of the company's future value, with a revenue potential exceeding $10 trillion [8] - The current valuation of Tesla at 170 times forward earnings raises concerns about overvaluation if it fails to deliver on its autonomous initiatives [9] Group 4: Nvidia's Market Position - Nvidia holds over 80% market share in the data center GPU market, which is critical for AI applications [10] - The company maintains a competitive advantage through its ecosystem of hardware and software, with new GPU generations expected to enhance its market position [11][12] - Nvidia's addressable market for AI data center expenditures is projected to grow from $600 billion to $3 trillion to $4 trillion annually by the end of the decade, indicating significant revenue growth potential [13] Group 5: Nvidia's Financial Outlook - Wall Street estimates Nvidia's earnings will grow at 36% annually over the next three years, making its current valuation of 50 times earnings appear reasonable for long-term investors [14]
Class Action Filed Against Tesla, Inc. (TSLA) Seeking Recovery for Investors – Contact Levi & Korsinsky
Globenewswire· 2025-09-19 20:46
Core Viewpoint - A class action securities lawsuit has been filed against Tesla, Inc. alleging securities fraud that affected investors between April 19, 2023, and June 22, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that Tesla made false statements regarding the effectiveness of its autonomous driving technology, which included the risk of dangerous operation and potential violations of traffic laws [2]. - The lawsuit suggests that these misrepresentations increased the likelihood of heightened regulatory scrutiny, thereby overstating Tesla's business and financial prospects [2]. - Investors who suffered losses during the specified timeframe have until October 3, 2025, to request to be appointed as lead plaintiff [2]. Group 2: Participation and Costs - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Nvidia explores $500 million investment in UK self-driving startup Wayve
Reuters· 2025-09-19 08:51
Core Insights - Nvidia, a U.S. chip designer, has signed a letter of intent for a potential $500 million investment in the upcoming funding round for Wayve, a British autonomous driving technology company [1] Company Summary - Nvidia is actively seeking to expand its investment in the autonomous driving sector through a significant financial commitment [1] - Wayve is positioned as a key player in the autonomous driving technology space, indicating its potential for growth and innovation [1]
Tesla To Redesign Electronic Door Handles Amid NHTSA Probe Into Possible Safety Risk - Tesla (NASDAQ:TSLA)
Benzinga· 2025-09-18 06:55
Group 1 - Tesla is considering a redesign of its electronic door handles due to a safety probe by the NHTSA [1][4] - The design chief, Franz Von Holzhausen, mentioned the idea of combining manual and electronic door releases into one button [2] - Tesla is also studying proposed changes by Chinese authorities regarding door handle safety and is prepared to make necessary modifications [3][5] Group 2 - The NHTSA is investigating over 174,000 units of the 2021 Model Y due to safety concerns where occupants, including children, were unable to exit the vehicle [4] - Authorities in China are contemplating a ban on flush door handles, which could take effect in 2027, citing safety risks associated with electronic door handles [5] - Ford has issued a recall for over 197,000 Mustang Mach-E vehicles due to similar safety concerns with electronically-powered doors [6] Group 3 - The founder of The Dawn Project criticized Tesla for redacting crash reports submitted to the NHTSA, claiming they contain confidential information about Tesla's autonomous driving technology [7] - Tesla is noted to perform well in Momentum and Growth metrics, while showing satisfactory Quality but poor Value [7]
Phoenix Motor (PEV) Update / Briefing Transcript
2025-09-02 21:17
Phoenix Motor (PEV) Update Summary Company Overview - **Company**: Phoenix Motor, trading under the ticker PEVMD - **Industry**: Electric Vehicles (EV), specifically focusing on commercial EVs Key Highlights - **Leadership**: Denton Peng, Chairman and CEO, emphasizes the strong foundation and commitment to zero-emission transportation [4][5] - **Product Portfolio**: Diverse offerings include heavy-duty transit buses, medium-duty trucks, and light delivery vans, with over 1,300 buses delivered and a backlog of $200 million in contracted orders [5][6][11] - **Financial Performance**: Generated $26.2 million in revenue over the past 12 months, showing substantial growth [6] - **Market Position**: Recognized leader in the North American commercial EV sector, with a strong customer base and advanced technology [5][6] Strategic Initiatives - **Fleet-as-a-Service Model**: Bundles vehicle leasing, charging support, maintenance, and telematics, simplifying fleet electrification for operators [9][22] - **Autonomous Technology Investment**: Active development programs for autonomous driving technology, aiming for Level 4 autonomy by early 2026 [27][28] - **Global Expansion**: EdisonFuture International, based in Hong Kong, targets high-potential markets in South America, the Caribbean, Europe, and Asia [10][12] Competitive Advantages - **Buy America Compliance**: Over 70-75% of components are sourced domestically, enhancing eligibility for federal funding [40][41] - **Limited Competition**: Only three OEMs in the U.S. for heavy-duty buses, positioning Phoenix favorably in a large market [40] - **Innovative Product Design**: Purpose-built electric buses designed from the ground up, differentiating from competitors [40] Customer Base and Contracts - **Diverse Clientele**: Serves transit agencies, universities, airports, and municipalities, with significant contracts like the multi-category statewide contract from the California Department of General Services [14][15][16] - **Strong Relationships**: Established trust and reliability with customers, leading to a 70% repeat order rate in the medium-duty segment [18][19] Future Outlook - **Growth Catalysts**: Plans to convert backlog into deliveries, focus on profitability, and maintain customer satisfaction [52][53] - **Financial Goals**: Aiming for gross margin positivity and improved financial results by Q4 2026 [49][48] - **Innovation Focus**: Continued development of new products and services to enhance revenue streams and customer relationships [31][29] Conclusion - **Investment Opportunity**: Phoenix Motor is positioned as a compelling investment with a strong foundation, innovative products, and a clear strategy for growth in the commercial EV market [30][31]