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X @Herbert Ong
Herbert Ong· 2025-06-30 20:48
Robotics & Automation - Tesla's Optimus robot aims to automate boring, repetitive, or unsafe tasks at work and home [1] - The goal is to free up human time for more impactful work [1]
Momentum is what's leading the market parade, says Interactive Brokers' Steve Sosnick
CNBC Television· 2025-06-30 18:49
Our next guest says two acronyms, Momo and FOMO, are the best way to describe the current environment. Momo and FOMO. Joining us now for more on Momo and FOMO is Steve Sausnik, the chief strategist at Interactive Brokers.I'm laughing a little bit because I I kind of know I know FOMO. Momo, I want to how you I want to know how you reconcile the two of those together. Well, they go perfectly together, Don.First of all, it's great to see you both. M Momo being momentum and and it's quite clear that momentum is ...
X @Unipcs (aka 'Bonk Guy') 🎒
i've been informed that people are receiving DMs from others claiming they can secure paid promos from mei want to be unequivocally clear:i do not do paid promos—of any kind, with any entityi have NEVER done it and will never do iti don't care how big or 'legit' your project isif anyone DMs you claiming you can pay to secure tweets or any kind of promo from methere is no need to message me to confirmjust ignore and block them. it's 100% a scami also do not have any groups or paid content of any kindall my c ...
Elon Musk's Tesla completes first driverless car delivery in Texas
New York Post· 2025-06-30 16:37
Core Insights - Tesla has achieved its first-ever driverless car delivery, marking a significant milestone for the company amid a sales slump [1][4] - The delivery involved a Model Y SUV that autonomously drove approximately 30 minutes to reach its new owner without any human intervention [1][3] - The vehicle reached a maximum speed of 72 miles per hour and is identical to other Model Y units produced at Tesla's factory [3] Company Performance - Tesla's stock has declined over 15% since the beginning of the year, with shares down about 1% in early trading following the driverless delivery announcement [4] - The company is facing increased competition from Chinese electric vehicle manufacturers like BYD in key markets such as Europe and China [4] Technological Developments - The driverless delivery occurred shortly after the launch of Tesla's Robotaxi service in Austin, which has received mixed reviews regarding its adherence to local traffic laws [7][8] - Tesla's AI chief stated that the company randomly selected a customer for the delivery, emphasizing the vehicle's standard production quality [3] Market Potential - Elon Musk has projected that autonomous driving technology could potentially add $5 trillion to $10 trillion to Tesla's market capitalization by transforming its vehicles into a productive fleet [9] - Tesla is in direct competition with companies like Waymo in the self-driving car sector [9]
Tesla's Model Y Completes First Human-Free Car Delivery
ZACKS· 2025-06-30 16:31
Key Takeaways TSLA completed a fully autonomous Model Y delivery with no one inside or guiding the vehicle remotely. The 30-minute trip from Tesla's Austin Gigafactory showed smooth, rule-abiding navigation throughout. This breakthrough follows earlier testing issues with erratic robotaxi behavior in Austin on June 22.Tesla, Inc. (TSLA) has achieved a breakthrough in autonomous vehicle technology by completing the world’s first driverless car delivery. A Model Y drove itself from Tesla’s Gigafactory in Au ...
Pony AI's U.S. Arm Up for Sale? AV Space Heats Up Further
ZACKS· 2025-06-30 15:47
Core Insights - Uber Technologies is in preliminary talks to acquire the U.S. arm of Pony AI, a significant development in the autonomous vehicle sector [1][8] - Pony AI currently operates around 250 robotaxis and aims to expand its fleet to over 1,000 by 2025 [2] - The partnership between Uber and Pony AI is set to launch robotaxi services in the Middle East later this year, with initial operations including a safety operator onboard [2] Company Developments - Uber's former CEO Travis Kalanick is reportedly involved in discussions to help fund the acquisition of Pony AI's U.S. unit, which could enhance Uber's position in the competitive autonomous vehicle market [3] - The collaboration between Uber and Pony AI is expected to strengthen Uber's presence in the autonomous vehicle space amid increasing competition [8] Industry Landscape - Other key players in the autonomous vehicle sector include Alphabet's Waymo, which has commercial operations in several U.S. cities and recently partnered with Uber for an autonomous ride-hailing service in Atlanta [4] - Tesla has launched its robotaxi service in Austin, TX, focusing on in-house development of its Full Self-Driving technology, allowing for greater control over its autonomous vehicle capabilities [5] Financial Performance - Year-to-date, Uber's shares have increased by 51.8%, while Pony AI's shares have declined by 4.8% [6] - The Zacks Consensus Estimate for Uber's earnings per share (EPS) for 2025 and 2026 has seen upward revisions in the past 30 days, while Pony AI's loss estimates have remained stable [10][11]
William Blair's Jed Dorsheimer on Tesla: Technology is always deflationary
CNBC Television· 2025-06-30 15:45
The Model Y SUV drove 30 minutes to a customer's home from the factory in Austin, Texas, where the company also just launched its robo taxi service. Well, joining us now, Jed Dorshimer, group head of energy and power technologies at William Blair. He's got an overweight rating on the stock.Great to have you with us as always. Good to see you. What What's the latest.Thanks for having me back. Yeah. What's the latest change you put out.So, you've had a buy for a while and a and a price target where and you're ...
QCOM Focuses More on Automotive Business: Is it a Key Growth Driver?
ZACKS· 2025-06-30 15:00
Core Insights - Qualcomm's Snapdragon Digital Chassis platform is gaining traction among automotive customers, with recent compatibility validation from Silicon Motion Technology for its UFS solution on the Snapdragon Cockpit SA8295P platform [1][2] Group 1: Qualcomm's Automotive Strategy - The Snapdragon Cockpit SA8295P platform delivers powerful AI performance, advanced multi-display graphics, and Automotive Safety Integrity Level B functional safety support, aimed at enhancing smart cockpits [2] - Qualcomm's acquisition of Veoneer, Inc. strengthens its position in driver-assistance technology, expanding its Snapdragon Ride ADAS portfolio with Arriver's software capabilities [3][7] Group 2: Competitive Landscape - Other tech firms like NVIDIA and Intel are also focusing on the ADAS market, with NVIDIA leveraging AI for autonomous vehicles and Intel enhancing its capabilities through the acquisition of Mobileye [4][5] Group 3: Financial Performance and Valuation - Qualcomm shares have declined 20.8% over the past year, contrasting with the industry's growth of 21.8% [6] - The company's stock trades at a forward P/E ratio of 13.45, significantly lower than the industry average of 33.17 [7][8] - Earnings estimates for 2025 and 2026 have decreased by 0.4% and 5.3%, respectively, indicating potential challenges ahead [9]
Cyngn Inc. Announces Closing of $17.2 Million Registered Direct Offering
Prnewswire· 2025-06-30 14:26
Core Viewpoint - Cyngn Inc. has successfully closed a registered direct offering, raising approximately $17.2 million through the sale of shares and pre-funded warrants at a price of $7.50 per share [1][3]. Group 1: Offering Details - The offering included the sale of 2,293,333 shares of Common Stock or Pre-Funded Warrants, with the public offering price set at $7.50 per share [2]. - The Pre-Funded Warrants are immediately exercisable and can be exercised at any time until fully exercised [2]. - The transaction closed on June 30, 2025, and the net proceeds will be used for general corporate purposes and working capital [3]. Group 2: Regulatory and Legal Aspects - The offering was conducted under an effective shelf registration statement on Form S-3, which was filed with the SEC and declared effective on June 13, 2023 [4]. - Aegis Capital Corp. served as the exclusive placement agent for the offering, while Sichenzia Ross Ference Carmel LLP and Kaufman & Canoles, P.C. acted as legal counsel for the company and Aegis Capital Corp., respectively [3]. Group 3: Company Overview - Cyngn develops autonomous vehicle technology aimed at addressing challenges faced by industrial organizations, such as labor shortages and safety incidents [7]. - The company's DriveMod technology allows customers to integrate self-driving technology into their operations without significant upfront costs or infrastructure changes [8]. - DriveMod is currently available on specific models like Motrec MT-160 Tuggers and BYD Forklifts, with the Tugger capable of hauling up to 12,000 lbs and a typical payback period of less than 2 years [9].