Tesla delivered 85,982 new energy vehicles from its Shanghai Gigafactory in May, marking a 39.4% year-on-year increase. China's overall EV market also showed signs of recovery, with 1.36 million passenger EVs sold in May, up 12% from last year. Other Chinese EV makers like BYD, Leapmotor, and Nio also reported sales growth, while some faced declines. Tesla's sales boost coincides with its rollout of a self-driving system in China, though regulatory approval and consumer access remain uncertain amid a related lawsuit.
SpaceX, led by Elon Musk, is targeting a $75 billion initial public offering (IPO) by selling 555.6 million shares at $135 per share. This move is unusual as the company has set a fixed share price before the typical investor roadshow. The IPO filing...
Barclays forecasts the humanoid robot market to grow from $2-3 billion today to $200 billion by 2035, driven by advances in AI and robotics technology. China leads global production and deployment, accounting for 85% of installations and producing ro...
Andrew Left, founder of Citron Research and a well-known activist short seller, was convicted by a federal jury in Los Angeles on multiple securities fraud charges. Prosecutors argued Left manipulated stock prices by publicly promoting or criticizing...
Tesla's stock is forecasted to rally to $520 by late August 2026, based on a technical analysis of its long-term chart pattern showing strong support since April 2024. The stock currently trades at $415.88, with about 25% upside potential if it maint...
Tesla's stock shows slight gains in pre-market after a rough session, supported by its 50-day EMA, suggesting a potential rebound to $450. Palantir is expected to open lower, possibly pulling back to its 200-day EMA around $147.65, seen as a buying o...
