Key Takeaways Tesla's stock climbed to an all-time high Tuesday, setting its first record in a year, as investors buy into the electric vehicle maker's plans for autonomous driving, robotics, and AI.Tesla launched a pilot of its robotaxi program in Austin earlier this year, and analysts say improvements to its self-driving software could allow the program to expand quickly. Tesla's (TSLA) stock is powering up, notching its first record high in a year. The shares added about 3% Tuesday to finish near $4 ...

Chinese automaker Xpeng Inc. (NYSE:XPEV) has reportedly received a major boost in its Robotaxi ambitions as Chinese authorities greenlight autonomous driving testing.Xpeng Receives Level 3 Testing PermitAuthorities have granted the company a permit to conduct testing operations for Level 3 autonomous vehicles, Chinese local media outlet Yicai reported on Tuesday. The company has received the permit to conduct testing operations in the city of Guangzhou.Xpeng didn't immediately respond to Benzinga's request ...

Gary, your timing is always impeccable. You just had these headlines drop, my friend. Ford taking a $19.5% billion charge to write down EV investments, at least initially here.I see the stock popping about one and a half% here in the after hours. What is your immediate response reaction to that news, Garrett. >> Sure.Thanks for having me. I think the only thing that's really surprising is the magnitude. The 19.5% billion is is larger than we would expect.Um, I think uh it was said 8 billion of that was was ...

Technical Feasibility & Applications - The industry confirms gas/hybrid vehicles can achieve high levels of autonomous driving (SAE Level 4 or 5), though less common than EVs [1] - Autonomy primarily relies on sensors, computing hardware, and software, making the powertrain (gas, hybrid, or electric) secondary [2] - Waymo's initial robotaxi fleet used hybrid Chrysler Pacifica minivans for years [2] - Retrofit kits exist to add autonomy to existing gas/hybrid vehicles for Level 4 operation in defined areas [3] EV Dominance & Advantages - Autonomous systems consume significant power (up to 2-3 kW continuously), which EVs handle efficiently [4] - Electric motors provide instant, precise torque control, ideal for autonomous maneuvers, while gas engines have inherent delays [5] - EVs offer lower "fuel" (electricity) and maintenance costs, plus easier centralized charging for robotaxi fleets [5] - EVs have fewer moving parts, meaning less downtime for high-utilization robotaxis [5] - Companies target zero-emission goals, making gas/hybrids less desirable due to tailpipe pollution [6] Market Outlook & Trends - In the short term, gas/hybrids will continue supporting autonomy in personal cars (Level 2-3) [7] - Long-term, EVs will dominate full driverless robotaxis due to economic advantages [8] - Niche paths for gas/hybrids exist in trucking/logistics or retrofits for specific uses [8] - Ford expects a massive $195 billion write-down related to its EV investments and has lost $13 billion on its EV business since 2023 [9]

It's time now for the big three. Three stocks, three charts, and three trades. Rick Ducat will take us through the charts. And here to take us through the trades is Scott Bower, the CEO of Prosper Trading Academy.Great to have you both with us. Scott, I'd love to start with a big picture thought on this market action that we're seeing to start the week. As I'm checking the board, we are still entirely in the red.>> Yeah. And you know, you guys were just discussing all of the eco data coming out and there's ...

Just about six months after Tesla started testing its fledgling Robotaxi service in Austin, Texas, the company is now letting those cars drive around the city with no safety monitor onboard.The removal of the human safety monitors brings the company a critical step closer to its goal of launching a real commercial Robotaxi service, and it’s a step that’s been years in the making. CEO Elon Musk spent a nearly decade promising Tesla’s cars were just a software update away from being fully driverless. Now he ...

Group 1: Tesla Inc. Developments - Tesla is considering collaborating with Boxabl for upgrades to its Supercharger locations, potentially enhancing user experience with improved amenities [3] - Elon Musk's recent housing investment in Boxabl highlights his ongoing support for innovative housing solutions [3] Group 2: Competitive Landscape - Ross Gerber, an investor, suggests that Uber Technologies Inc. is facing challenges due to the rapid growth of Waymo, which has reached 450,000 weekly rides and boasts an annual revenue of $200 million [2][5] - General Motors Co. has seen its stock surge approximately 45% year-to-date, driven by a renewed focus on autonomy under the leadership of Sterling Anderson, a former Tesla executive [5][6] - Rivian Automotive and Lucid Group are emerging competitors in the robotaxi market, each pursuing different strategies that could reshape the autonomous vehicle industry [7]

Core Insights - Rivian's stock surged 12% following its "Autonomy & AI Day" event, where it announced a custom AI chip and plans for enhanced self-driving software, despite broader market concerns about an AI bubble [1][9] Group 1: Autonomous Vehicle Developments - Rivian plans to update its second-generation R1 vehicles to enable hands-off driving on over 3.5 million miles of roads in the U.S. and Canada, a significant increase from under 150,000 miles previously [2] - The company's strategy shift towards autonomous and AI features aims to differentiate its offerings in a challenging EV market and create new high-margin revenue streams through subscriptions and licensing [3] Group 2: Subscription Services - Rivian intends to launch a subscription platform called Autonomy+ early next year, offering advanced driving assistance features for $49.99 per month or a one-time fee of $2,500, similar to Tesla's pricing model [4] Group 3: AI Chip and Technology Integration - Rivian introduced its own AI chip to replace Nvidia chips for its self-driving software, with plans to integrate this chip and a LiDAR sensor system into its new R2 vehicles by late next year [5] - The company is also looking to add an AI voice assistant to its first and second-generation R1 vehicles early next year [5] Group 4: Market Position and Future Prospects - Analysts noted that Rivian's strategy reflects strong efforts in vertical integration and positions the company to lead in software-defined vehicles in the West, despite technical hurdles [7] - CEO RJ Scaringe hinted at potential future rideshare opportunities, indicating a competitive stance against Tesla's robotaxi service [8]

Rivian Automotive Inc (NASDAQ: RIVN) rallied more than 15% today after the electric vehicles (EV) specialist showcased bold plans to accelerate its push into autonomous driving. At its inaugural "Auto... ...

Core Insights - U.S. stocks experienced a decline, with the Nasdaq Composite dropping over 400 points on Friday [1] - RH reported third-quarter earnings of $1.71 per share, missing analyst estimates by 20.87%, while quarterly revenue of $883.81 million exceeded expectations [1] Company Performance - RH shares increased by 5.8% to $162.14 following the earnings report [2] - Lululemon Athletica Inc. saw a 10.1% gain to $205.80 after beating third-quarter estimates and raising full-year guidance [3] - Frequency Electronics Inc. reported better-than-expected second-quarter sales, leading to a 27.2% increase in share price to $45.84 [3] - CCC Intelligent Solutions Holdings Inc. announced a $500 million share repurchase authorization, resulting in a 6.3% increase in share price to $7.68 [3] Market Reactions - Canopy Growth Corp. shares rose 35.4% to $1.53 due to potential federal marijuana regulation changes [3] - Rivian Automotive Inc. gained 14.9% to $18.88 after announcing entry into the autonomous driving sector with a new AI chip [3] - Clear Secure Inc. experienced an 11.3% increase to $40.36 after an upgrade from JP Morgan [3]