DIRS.INFO The most relevant business & tech news

Results from Google-owner Alphabet (GOOGL.O) and Microsoft (MSFT.O), due after the bell, will be a test for their hefty valuations. "Nonetheless, while we expect the summer rally to continue, investor exuberance is likely to lessen in the near-term, portending a less vigorous rally." ET, Dow e-minis were up 11 points, or 0.03%, S&P 500 e-minis were up 4 points, or 0.09%, and Nasdaq 100 e-minis were up 39.5 points, or 0.25%. 3M Co (MMM.N) rose 2.2% after the industrial conglomerate raised its annual adjusted profit forecast. ET is consumer confidence data that is expected to rise to 111.8 in July from 109.7 in June.

Persons: Peter Cardillo, Rivals Tesla, Bansari Mayur Kamdar, Johann M, Shinjini Ganguli, Shounak Organizations: Dow, Nasdaq, Google, Microsoft, Spartan, outsized, U.S, Dow e, General Electric, General Motors, Rivals, Ford, 3M, Thomson Locations: U.S . Federal, Chevron, China, Bengaluru

☆ China's Xpeng sees sales turnaround in second half with new EV model
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

Xpeng has received a "significant" amount of orders for its newly launched G6 pure electric crossover, president Brain Gu told reporters on Wednesday. Xpeng, which saw first-half sales drop by 40%, will start the delivery of its G6 compact crossover this month with a starting price 20% lower than Tesla's best-selling model of Model Y. With G6, Xpeng also introduced its most advanced autonomous driving capabilities into the category of EVs priced at 250,000 yuan ($34,500.37) or below, Gu said. Shares of Xpeng in Hong Kong had gained more than 20% after it announced prices for the G6 last Thursday. ($1 = 7.2463 Chinese yuan renminbi)Reporting by Zhang Yan and Brenda Goh; Writing by Meg Shen; Editing by Toby Chopra and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Xpeng, Brain Gu, BYD, Gu, Zhang Yan, Brenda Goh, Meg Shen, Toby Chopra, Devika Organizations: Tesla, Thomson Locations: SHANGHAI, HK, Shanghai, China, Hong Kong

☆ BYD launches its most direct Tesla competitor yet
▼ + stars: | 2023-07-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

The Denza N7 is set to begin deliveries in about two weeks, according to the company. In another page from Nio's playbook, the Denza N7 launch in Beijing was followed by a live music performance. Its prior electric model, the D9 multi-purpose vehicle, claims more than 10,000 sales a month since since March. At the time Zeng said he expected competition in China's new energy vehicle market would move into the 400,000 yuan to 500,000 yuan price range and above. The 100,000 yuan to 200,000 yuan price range has been the primary price range for cars in China, Zeng said.

Persons: Yang Dongsheng, Tesla, Tu Le, Denza, playbook, Denza's, Zhao Changjiang, BYD, Nvidia Orin, Orin isn't, Yang, Craig Zeng, Zeng Organizations: Bloomberg, Getty, Tesla's, Tesla, Benz Group, Tech, Benz, BMW, Audi, Qualcomm, Nvidia, CNBC Locations: Beijing, BEIJING, China, Weibo, Thailand, Hong Kong, Macao, Europe

☆ Berkshire Hathaway cuts stake in EV maker BYD as Warren Buffett and Charlie Munger say they don't want to compete against Elon Musk
▼ + stars: | 2023-05-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The sale comes as Warren Buffett and Charlie Munger said they don't want to compete against Elon Musk. The share sale came just days before Warren Buffett and Charlie Munger said they don't want to compete with Elon Musk. Berkshire's current BYD stake is worth just over $3 billion. The comments came in response to a question about whether the two investors believe Elon Musk overestimates himself. Berkshire originally purchased its BYD stake in 2008 for just $232 million.

☆ Lucid joins the EV discounting fray with $7,500 'credits' on some of its Air luxury sedans
▼ + stars: | 2023-02-09 | by ( John Rosevear | ) www.cnbc.com time to read: +1 min

Lucid Group said Thursday that buyers of certain versions of its pricey Air electric luxury sedan will be eligible for a $7,500 "credit." Lucid said that customers who buy Air Touring and Air Grand Touring models in "certain configurations" before March 31 will be eligible for the $7,500 discount. The Lucid Air is built in Arizona, but at a starting price of $87,400 it's far too expensive to qualify for the federal tax credits. The trims that Lucid is discounting are even pricier: The Air Touring starts at $107,400; the Air Grand Touring at $138,000. As of Thursday morning, company's website listed 15 Air Grand Tourings and seven Air Tourings available for immediate delivery.

☆ Chinese Tesla rival Xpeng built the most literal interpretation of 'flying car' we've seen yet — watch its maiden voyage
▼ + stars: | 2022-11-02 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Xpeng, a Chinese electric-vehicle maker that competes with Tesla, unveiled a new flying-car prototype. The X3 is a car with four rotors on it, enabling it to switch between driving and flying. Xpeng, the Chinese electric-vehicle maker that rivals Tesla, unveiled a new flying car prototype in late October internally named the X3. Most "flying car" ideas from startups are heavy on the flying, light on the car. "Designed for both air flight and road driving, the flying car conveniently features a sleek rotor fold-away system for seamless conversation between driving and flying," the company said in a press release.

Search resuls for: "Rivals Tesla"

6 mentions found