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Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop
CNBC Television· 2025-07-02 14:14
>> That's a small, small deal. >> Well, I'm just saying that buying that stuff that they like to buy. Yeah, all this stuff. >> All right.Speaking of which, Tesla is not a part, of course, of the new acronym from Jim, but they do have their delivery figures out for the second quarter, and Phil LeBeau has them for us. Phil, how are they looking. >> They're roughly in line with expectations.David. 384,122 vehicles delivered in the second quarter by Tesla, the consensus estimate on FactSet going into this morni ...
WeRide Secures First Driverless Logistics Vehicle Test Permit in Guangzhou's Huangpu District for Robovan W5
Globenewswire· 2025-07-02 13:26
GUANGZHOU, China, July 02, 2025 (GLOBE NEWSWIRE) -- WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, has become the first and only company authorized to road test autonomous logistics vehicles in Huangpu, Guangzhou, after securing the district's inaugural permit for its Robovan W5. WeRide’s Robovan W5 is authorized for road testing in Huangpu District, Guangzhou This marks the Robovan W5's second active road testing permit, following an earlier approval in Guangzhou's Nansha District ...
BRP Marks 3 Years of Riding Out Intimidation with $10M+ Invested in the Cause
Prnewswire· 2025-07-02 13:00
Core Insights - BRP Inc. has invested over CAD $10 million in its global community engagement program, Ride Out Intimidation, since its launch in 2022, aiming to combat bullying [2][4] - The initiative has reached over 385,000 individuals and impacted 973 schools, workplaces, and institutions across 12 countries [4] - BRP's annual Yellow Day event, which promotes awareness against bullying, saw participation from over 3,650 employees and numerous partners in 2025 [5] Company Overview - BRP Inc. is a global leader in powersports products, with annual sales of CAD $7.8 billion and a workforce of approximately 16,500 employees as of January 31, 2025 [6][7] - The company offers a diverse portfolio of brands, including Ski-Doo, Lynx, Sea-Doo, and Can-Am, and is committed to developing electric models for its product lines [6]
Tesla set to report Q2 deliveries: Here's what to expect
CNBC Television· 2025-07-02 12:32
Tesla expect to report second quarter deliveries in the next 90 minutes or so. Yesterday, the EV market makers market cap falling below the $1 trillion mark for the first time since June and it's currently the only mag 7 name trading below that level. Joining us now with more is Colin Rush Oenheimer, senior research analyst.Colin, great to have you with us. Um, Southside estimates is 385. Where do you fall on this given we we have some indications from Europe and and China already.Yeah, we're we're a little ...
U Power Announces Signing of MOU with Beijing Foton to Jointly Promote Battery-Swapping Compatible Electric Heavy Trucks, Buses, and Vans
Prnewswire· 2025-07-02 12:00
Johnny Lee, CEO and Chairman of U Power commented, "This partnership marks another significant step forward in our strategy of expanding OEM partner base. Through joint promotional and sales efforts, U Power expects to accelerate the establishment of a comprehensive battery-swapping and battery-bank ecosystem in several of its existing key markets. We look forward to a strong collaboration with Beijing Foton to strategically expand our global footprint and increase our market share." About Beijing Foton Int ...
Fly-E Group, Inc. Announces 1-for-5 Reverse Stock Split Effective July 7, 2025
Globenewswire· 2025-07-02 12:00
Forward-Looking Statements NEW YORK, July 02, 2025 (GLOBE NEWSWIRE) -- Fly-E Group, Inc. (Nasdaq: FLYE) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters, today announced it will effect a reverse stock split of its issued and outstanding shares of common stock, par value $0.01 per share (the "Common Stock") on a one-for-five basis (the "Reverse Stock Split"). The Company's Common St ...
Cyngn Readies for Next Phase of Growth with Funding Secured Through 2027
Prnewswire· 2025-07-02 11:00
MOUNTAIN VIEW, Calif., July 2, 2025 /PRNewswire/ -- Today, Cyngn (Nasdaq: CYN) issued a letter from the CEO: Cyngn Shareholders: Cyngn's autonomous DriveMod technology works on Tuggers, Forklifts, and in simulated NVIDIA environments. Cyngn's autonomous DriveMod technology works on Tuggers, Forklifts, and in simulated NVIDIA environments. Last week, Cyngn completed a $32 million capital raise, fully utilizing our shelf registration. This funding strengthens our balance sheet and enables us to continue execu ...
GOP's megabill impact on Elon Musk empire
CNBC Television· 2025-07-01 18:09
today and for telling them to get it done by 1 p. m. James Lucier with Capital Alpha Partners.The president did address address Elon Musk's criticism of the spending bill outside the white House before departing to Florida this morning. >> We might have to put those on Elon. You know, you're not.Doses tells us the monster that that might have to go back and eat Elon. Wouldn't that be terrible. He gets a lot of subsidies, Peter.But Elon is very upset that the EV mandate is going to be terminated. And you kno ...
Microsoft, Rivian, Intel Slash Jobs In June Tech Layoff Spree
Benzinga· 2025-07-01 15:34
The month of June saw a fresh wave of layoffs across the technology sector, with companies both large and small making significant workforce reductions as they adapt to shifting market demands and the growing influence of artificial intelligence.Rivian: Last month, electric vehicle manufacturer Rivian Automotive, Inc. RIVN reduced its headcount by approximately 140 employees, about 1% of its workforce. The layoffs primarily impacted the manufacturing team as the company seeks to streamline operations ahead ...
Women plan to increase outdoor activity to record levels in 2025, according to Winnebago Industries insights survey
Globenewswire· 2025-07-01 14:00
The Power of the Outdoors For many women, the outdoors is more than a destination—it's a path to well-being. Among those planning to increase their time outside in 2025, the top motivations are deeply personal: to stay active (56%), improve overall health (54%), reduce stress (52%), and boost mood (48%). These benefits resonate across generations, though each age group brings its own perspective. Baby Boomers are especially drawn to the physical health advantages, while younger generations—Gen Z and Millenn ...