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☆ Internal Tesla salary database shows Elon Musk's strategy: Lower salaries, bigger stock grants
▼ + stars: | 2024-11-11 | by ( Grace Kay | Madison Hoff | ) www.businessinsider.com time to read: +12 min

Business Insider secured access to an internal Tesla pay database, covering nearly 100,000 employees as of December 2021. Tesla offers lower base salaries than its tech and automotive peers but offers substantial stock grants. Nine current and former people in engineering and sales said that Tesla's stock grants make it easier to accept lower base salaries. To get a sense of which employees were more likely to take home large grants, BI broke up stock grants based on job category. So far, stock grants have "proven to be better than cash in your pocket."

Persons: Elon Musk's, It's, Tesla, Donald Trump's, —, Zaheer Mohiuddin, ISOs, Greg Selker, Stanton Chase, Selker, Musk, we've, Harley Shaiken, Ford, Shaiken, Drew Baglino, Zachary Kirkhorn, Omead Afshar, Aaron Greenspan, it's Organizations: Business, CNBC, Securities and Exchange Commission, Nvidia, Ford, Meta, Amazon, Apple, Microsoft, BI, Companies, Google, US, Netflix, Big Tech, GM, Musk, Bloomberg Locations: Silicon Valley

☆ GM's Wall Street vindication is happening as it outperforms its peers in 2024
▼ + stars: | 2024-11-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is proving it's a standout among automakers this year as it continues to consistently outperform Wall Street's earnings expectations and its competitors. For the most part, GM stock has traded in lockstep with Ford due to their histories and the cyclical nature of the automotive industry. Ford stock is off 10% as of Friday's close. Others, including Ferrari , which has been among Wall Street's top auto performers, are also trailing GM. Shares of GM under Barra, who started leading the automaker in January 2014, have been lackluster for investors for most of her tenure.

Persons: Mary Barra, Jeff Kowalsky, John Murphy, Wall, it's, Donald Trump, Elon Musk Organizations: General Motors Co, Bloomberg, Getty, DETROIT —, Detroit, Rivian, BofA Securities, GM, Ford Motor, Chrysler, General, Ford, Ferrari, Tesla, U.S, Trump . General Motors, Hyundai, Toyota, Honda, Volkswagen, Nissan, Barra Locations: Detroit , Michigan, U.S, lockstep

☆ Drew Brees says he's a 'very common-sense dieter.' Here are 5 simple wellness rules he lives by.
▼ + stars: | 2024-11-09 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +2 min

Super Bowl-winning quarterback Drew Brees retired from the NFL in 2021. Brees told BI he chooses activities "out of enjoyment" now that his playing days are over. But what happens to these NFL stars' wellness routines after they retire? For Super Bowl-winning quarterback Drew Brees, who spoke to BI through his partnership with digital automotive platform CarGurus, wellness in retirement is all about sticking to the basics. From focusing on sleep to eating organic, here are five wellness rules Brees lives by.

Persons: Drew Brees, dieter, —, Jimmy Kimmel, Russell Wilson, Derrick Henry's, Z, Brees Organizations: NFL, Brees, Service, Athletic, Bowl

☆ Toyota says California-led EV mandates are 'impossible' as states fall short of goal
▼ + stars: | 2024-11-08 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty ImagesDETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year are "impossible" to meet and, if they're not changed, will lead to less customer choice in several states. Battery-electric, fuel cell and, to an extent, plug-in hybrid electric vehicles qualify as zero emission under the regulations. At this point, it looks impossible," Jack Hollis, chief operating officer of Toyota Motor North America, said during a virtual media roundtable Friday. Several automotive insiders previously told CNBC that the EV mandate issue needed to be addressed regardless of who won election this year.

Persons: Tomohiro Ohsumi, they're, ZEV, Battery, Jack Hollis, Power, Hollis Organizations: Toyota Motor Corp, Getty, DETROIT, Toyota, California Air, Toyota Motor North, California Air Resources, D.C, CNBC Locations: Tokyo, Japan, California, Toyota Motor North America, Washington, Colorado, New York, New Mexico, Rhode

☆ The sectors — and stocks — to buy in Asia after Trump's win, according to analysts
▼ + stars: | 2024-11-08 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Former U.S. President Donald Trump's victory over Vice President Kamala Harris in this week's election has raised questions about how Asia will be impacted. "When passed, the [tariffs] will sweep across Asia, particularly China [and] should spike volatility and compress multiples as uncertainty prevails." Even so, the analysts say the region is "more prepared than in 2016" and investment opportunities remain, especially given the weaker yen and stimulus in China. This will bring about "structural shifts in global supply chain ... [and] could boost infrastructure spending in ASEAN and South Asia," he added. The currency has fallen versus the dollar following Trump's win, hitting 154.7 per dollar on Wednesday — its weakest level since July 30.

Persons: Donald Trump's, Kamala Harris, India's, Hong, Tai Hui, Hui, Stocks, — CNBC's Lim Hui Jie Organizations: U.S, Trump, Macquarie Research, Nikkei, Dow Jones, Nasdaq, Morgan Asset Management, Congress, Mitsubishi Electric, Mitsubishi, Japanese pharma, Chugai Pharmaceutical, SK Hynix Locations: Asia, China, ASEAN, South Asia, U.S, Macquarie, Japan

☆ Cybertruck reviewer says a sponsor didn't want to be featured in his video with the vehicle
▼ + stars: | 2024-11-07 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Nelson said a sponsor declined to be in the video review because of the Cybertruck. Nelson told BI that the brand said it had previously had negative experiences related to being associated with Cybertruck content. Nelson told BI that he owns every other Tesla model and had never received negative reactions toward the non-Cybertruck vehicles. Other Cybertruck drivers previously told BI they experienced similarly negative interactions while driving the vehicle, including getting flipped off. Nelson told BI the "the polarization factor is a really big deal, but it's not like the whole deal."

Persons: YouTuber Zack Nelson, Nelson, Elon Musk's, —, Zack Nelson, Elon Musk, impregnate Taylor Swift, Kamala Harris, Zack Nelson's Cybertruck, It's, he's Organizations: Service, Tech, Business, YouTube, Silverado, Auto, Cox Locations: Utah

☆ Nissan is slashing 9,000 jobs after a dire financial performance
▼ + stars: | 2024-11-07 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Nissan is cutting 9,000 jobs globally to reduce costs, the company said Thursday. Nissan will cut production capacity by 20% and executives will take pay cuts. AdvertisementNissan is cutting 9,000 jobs globally in an effort to cut costs, the Japanese automobile giant said in an earnings statement on Thursday. Nissan said that sales volumes decreased year-on-year to 1.6 million cars, hurt by higher selling and production costs, particularly from the US. Along with the layoffs, Nissan is cutting production capacity by 20%.

Persons: —, Makoto Uchida, Guillaume Cartier, Carlos Ghosn Organizations: Nissan, Service, Automotive News, Automotive Locations: Africa, Middle East, India, Europe, Oceania, China, North America, Japan, Lebanon

☆ How Elon Musk stands to cash in on Trump's presidential victory
▼ + stars: | 2024-11-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +10 min

Jim Watson | Afp | Getty ImagesAs Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right there with him. Elon," Trump said onstage at his Mar-a-Lago resort, thanking the world's richest person for spending two weeks campaigning in Pennsylvania. Musk's investment in Trump is already paying off, even though Trump doesn't take office until Jan. 20. Musk was introduced by Cantor Fitzgerald CEO Howard Lutnick, who called the Tesla CEO the "greatest capitalist" in U.S. history. Having a role in a bespoke commission could give Musk power over federal agencies' budgets, staffing and the ability to push for the elimination of inconvenient regulations.

Persons: Elon Musk, Donald Trump, Jim Watson, Elon, Trump, Musk's SpaceX, Musk, surrogates, Tony, Cantor Fitzgerald, Howard Lutnick, Lutnick, Biden, Tesla, Sergio Flores, Geoff Orazem, Orazem, Vladimir Putin, Xi Jinping, Bill Nelson, Putin, Tenet, JD Vance Organizations: Republican, Afp, Getty, Trump, U.S, Tesla, SpaceX, Twitter, Department of Government, SEC, Environmental Protection Agency, Federal Aviation Administration, IRS, Microsoft, Meta, U.S . Army, National Security Agency, FedScout, NASA, U.S . Air Force, Space Force, Federal Emergency Management Agency, National Labor Relations Board, Street Journal, NBC News, Tenet Media, Department of Justice, Putin, Kremlin, PAC Locations: Butler , Pennsylvania, Lago, Pennsylvania, China, Hurricane, New, Puerto Rico, Meta, U.S, Taiwan, Russian, Ukraine

It all started with a summer project when he was 12 and "super into the game Minecraft," Guo tells CNBC Make It. He recently moved from Southern California to Bali, Indonesia, where he splits a villa with friends and spends his free time surfing. The expense is well worth it for high-quality food, Guo says: "One of the best parts about Bali is how clean and healthy the food is. "Most of my expenses go towards food, but if I do spend money, it's typically towards gifts for family or my girlfriend." As far as what he doesn't spend on, "I absolutely refuse to spend money on things that depreciate in value," like luxury goods, Guo says.

Persons: Steven Guo's, Guo, Steven Guo, Roth, frugally, China who's, We're Organizations: CNBC, University of California, Amazon Prime, YouTube, Transportation Locations: Southern California, Bali, Ruda Putra, Indonesia, Irvine, U.S, Philippines, UK, India, California, Canggu, Portugal, Australia, Hawaii, China, Canada

☆ Rivian lowers earnings guidance after missing Wall Street's third-quarter expectations
▼ + stars: | 2024-11-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Rivian Automotive lowered its earnings forecast for the year after missing Wall Street's third-quarter expectations, including a significant miss in revenue. That compares to a previous guidance of roughly $2.7 billion loss. The company reported a negative gross profit of $392 million for the third quarter compared with a loss of $477 million a year earlier. The automaker's net loss narrowed year-over-year to $1.1 billion compared to $1.37 billion during the third quarter of 2023. Its revenue compared to a year ago dropped by 34.6% amid supplier disruptions that impacted the company's production.

Persons: Wall, Rivian Organizations: Workers, Rivian Automotive Locations: Normal , Illinois, U.S

Trump's first 100 days are likely to be a rollercoaster, especially given his affinity for headline-grabbing moves. These structured channels helped ensure open dialogue on issues like tariffs, technology restrictions, and financial stability. A potential role for Elon Musk as a geopolitical go-between China might look to alternative channels to manage relations with Trump's administration. National security and AI, autonomous vehicles National security considerations will also be front and center in Trump's early China policy, especially regarding technology restrictions. Expect tariffs, technology restrictions, and Trump's unique brand of diplomacy to push the relationship to its limits.

Persons: Donald Trump, Xi Jinping, Kevin Lemarque, Donald Trump's, Trump, Mao Ning, Trump's, Biden, Elon Musk, Tesla, he's, Robin Ren, Ying Yong, Wu Qing, hasn't, Steve Wynn, Musk, — Organizations: Reuters, White, U.S ., Foreign, Treasury, Commerce, Tesla Inc, Bloomberg, Getty, European Union, Trump Locations: Osaka, Japan, U.S, China, Beijing, Shanghai, Washington, Taiwan, European, South Korea, Trump's

For many Democratic voters, Vice President Kamala Harris' loss to Donald Trump was disappointing but not surprising, they said in interviews, agreeing that their party hadn't done enough to talk about the economy and lamenting lingering racism and sexism. Voters in Dearborn, America's only Arab-majority city, broke decisively for Trump over Harris, a departure from Joe Biden’s beating Trump there in 2020. "I was really praying that she would get it," said Deborah McKinnon, 68, a Black Democratic voter from Pittsburgh. "It just underscores that Black women are the most loyal Democrats, and they were the power behind Kamala Harris' campaign," Allison said. John Park, 37, a Black Democratic voter in suburban Atlanta, said that as a warehouse worker for an automotive company, he initially liked Trump's "pro-America" approach.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Laytza Hernandez, ”, Hernandez, Sami Khaldi, Joe Biden’s, Khaldi, Biden, Luis Muza, Symone Sanders, Townsend, Sanders, “ Kamala, they're, Angela Weiss, MJay Hawkins, Hawkins, wasn’t, —, Deborah McKinnon, Hillary, Clinton, Gary Tate, Tate, Aimee Allison, Allison, George W, Bush, John Park, Trump's, Steve Harvey's, Harvey, Park, Luis Cortés, Esperanza, Harris didn't, Cortés Organizations: Democratic, NBC, Trump, Arizona State University, Biden, Howard University, Washington , D.C, Getty, —, Puerto Ricans Locations: Gaza, Dearborn , Michigan, Dearborn, America's, New York , Illinois, California, Milwaukee, Pennsylvania, Washington ,, Pittsburgh, Atlanta, America, Philadelphia

☆ Stocks to buy once election results are clear and volatility eases, according to Bank of America
▼ + stars: | 2024-11-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Several stocks could rise if market volatility scales back after Tuesday's U.S. presidential election, according to a Bank of America analysis. Stock market volatility climbed ahead of the election, with the Cboe Volatility Index , known as Wall Street's "fear gauge," crossing 23 on Thursday. But with the winner of the election decided, the VIX has eased to around 16 on Wednesday. To react to this scenario, Bank of America screened for several lower-quality stocks inversely correlated to the VIX that could see a pop in their share prices. Morgan Stanley revised its 2024-25 revenue estimates on NXP lower, expecting a period of stagnation in the automotive semiconductor market.

Persons: Morgan Stanley, Brandon Berman Organizations: U.S, Bank of America, Semiconductors, Builders, United Rentals, Autodesk, financials Citigroup, Blackstone, Citigroup Locations: Netherlands, Europe, Americas

☆ Qualcomm pops 10% on chipmaker's earnings and revenue beat
▼ + stars: | 2024-11-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter. The company reported $2.92 billion in net income, or $2.59 per share, a sharp jump from last year's $1.49 billion, or $1.23 per share. Qualcomm reported $33.19 billion in total revenue in its fiscal 2024, a 9% increase from 2023. Qualcomm reported a 12% increase in handset chip sales to $6.1 billion, in line with FactSet estimates. The company's profitable technology licensing business, QTL, reported $1.52 billion in revenue, a 21% increase over the same period last year.

Persons: Akash Palkhiwala, Cristiano Amon Organizations: Qualcomm, Apple, Nvidia, Quest, Microsoft

☆ Elon Musk bet big on Trump. Here’s what he stands to gain — and lose — from his win
▼ + stars: | 2024-11-06 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

New York CNN —No single business leader did more to support former President Donald Trump’s candidacy than Elon Musk. Musk has donated nearly $119 million so far to a political action committee he set up to support Trump, according to Federal Election Commission filings. Elon Musk steps onto stage as Republican presidential nominee, former President Donald Trump addresses a campaign rally in Butler, Pennsylvania on October 5. It will only help Tesla,” Musk posted on X in July. It’s not likely Trump would want to cut that support, and the promise of jobs in those states, even if they will eventually provide competition for Musk and Tesla.

Persons: Donald Trump’s, Elon, Trump, Musk, He’s, ”, Daniel Ives, Tesla, Kamala Harris, “, Biden, Elon Musk, Donald Trump, Anna Moneymaker, he’s, ” Musk, Ives, ” Ives, It’s, Jim Farley, Jeff Schuster, we’re, Jade Gao Organizations: New, New York CNN, Trump, Wedbush Securities, SpaceX, —, Treasury Department, Republican, EV, Tesla, EPA, Industry, Getty, Boeing, NASA, International Space Locations: New York, Tuesday’s, America, United States, Butler , Pennsylvania, Trump’s, Europe, Asia, California, China, Shanghai, Beijing, AFP, Tesla

☆ The world prepares for a fresh era of tariffs under Trump 2.0
▼ + stars: | 2024-11-06 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

During his first term, Trump imposed tariffs on key industries in both Europe and China. AdvertisementThis time around, analysts told BI that Trump's policies could have a particular impact on Europe. Related storiesEurope is particularly vulnerable to Trump's aggressive trade policies for two main reasons, said Nigel Green, CEO of financial advisory firm deVere Group. AdvertisementDonald Trump met European Commission President Ursula von der Leyen at the World Economic Forum in Davos in 2020. Steven Kennedy, the most senior civil servant in Australia's Treasury department, said Wednesday he expected Trump's tariffs to impact the country's economy.

Persons: Donald Trump's, Trump, —, Donald Trump, Bilal Hafeez, Nigel Green, Green, Morningstar, Trump's, Michael Brown, Ursula von der Leyen, JIM WATSON, Steven Kennedy, Kennedy, Fitch, Latinvex Organizations: Service, European Union, Macro, Economic, of Chicago, Street Journal, deVere, Pharmaceuticals, Morningstar DBRS, Trump, stoke, European, Getty, European Commission, Treasury, News.com.au Locations: Europe, China, Ukraine, Davos, Australasia, Latin America, America, Mexico

☆ Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
▼ + stars: | 2024-11-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Japanese automaker Toyota Motor on Wednesday reported its first quarterly operating profit drop in about two years, as it strives to navigate the market shift toward electric vehicles. Revenue : 11.44 trillion yen vs. 11.41 trillion yen: 11.44 trillion yen vs. 11.41 trillion yen Operating profit: 1.16 trillion yen vs. 1.24 trillion yenThe world's largest automaker by sales volume saw a 20% year-on-year drop in operating profit during the quarter. Net profit attributable to company more than halved to 573.7 billion yen from 1.28 trillion a year ago. "If electric vehicles simply become the only choice, including for our suppliers, those people's jobs would be lost." The company maintained a full-year operating profit of 4.3 trillion yen.

Persons: Akio Toyoda, Toyoda, Suzuki Organizations: Toyota, Toyota Motor, LSEG ., Reuters, National, Traffic Safety Administration, Japan's Transport, Ministry of Land, Transport, Honda, Yamaha Locations: Tokyo, Japan, Infrastructure, Tourism

☆ Goldman Sachs names 2 top auto stocks in Asia — giving one 44% upside
▼ + stars: | 2024-11-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs has refreshed its list of top stock picks in Asia to include two automotive stocks: India's Mahindra and Mahindra and Japan's Honda Motor . The stocks are featured on the investment bank's "Conviction List - Directors' Cut," which seeks to offer a "curated and active" list of buy-rated stocks. Mahindra and Mahindra Goldman is betting on Mahindra and Mahindra given its "unique pipeline" in India's SUV car market. Goldman has a 12-month target price of 3,600 Indian rupees ($42.80) on the stock, implying 25% potential upside. Goldman has a target price of 2,200 Japanese yen ($14.50) on the stock, implying 44.3% potential upside.

Persons: Goldman Sachs, Chandramouli Muthiah, Goldman, Kota, — CNBC's Michael Bloom Organizations: India's Mahindra, Mahindra, Japan's Honda, Mahindra Goldman, Electric Vehicle, National Stock Exchange, Bombay Stock Exchange, Honda, Tokyo Stock Exchange, HMC Locations: Asia, India, China, U.S, Japan

☆ Here's what we think is driving the stock market's impressive Election Day rally
▼ + stars: | 2024-11-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Bond, it's, we'll, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, Federal Open Markets, Treasury, DuPont, Rogers Corporation, Devon Energy, Novo Nordisk, CVS Health, Howmet Aerospace, Holdings, Jim Cramer's Charitable Locations: Celanese

☆ BYD's hybrid popularity catches up to Tesla in China
▼ + stars: | 2024-11-05 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Tesla is falling behind in China as BYD's hybrids take off. Hybrid sales have helped to drive up overall plug-in sales in China this year. AdvertisementPlug-in sales in China (which include hybrid models) increased nearly 51% in October compared to last year, and the segment accounted for more than half of all car sales in China last month. Related storiesWhile Tesla continues to focus on battery-powered vehicles solely, BYD has grown its market share in China with popular hybrid offerings. At an earnings reporter earlier this year, Musk blamed a focus on hybrids for eating into Tesla's sales.

Persons: Tesla, —, Elon, BYD, Musk Organizations: Tesla, Service, China Passenger Car Association, EV Locations: China, Shanghai

☆ Parts supplier cuts thousands of jobs as Germany's auto woes deepen
▼ + stars: | 2024-11-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Thousands more jobs are under threat in Germany's beleaguered automotive industry. Parts supplier Schaeffler said it would cut thousands of jobs for a net reduction of about 3,700 workers. Union officials said Volkswagen plans to shut factories in Germany for the first time. AdvertisementGermany's auto industry is under intense pressure — and now thousands of jobs will go at a key company in the supply chain. Auto parts supplier Schaeffler said on Tuesday it would cut about 4,700 jobs across Europe and close two of its 10 locations in Germany.

Persons: Schaeffler, —, Klaus Rosenfeld, Schaeffler's, Mercedes, BYD Organizations: Service, VW, BMW, Mercedes, Benz, Volkswagen, EV, EVs Locations: Germany, Europe, Frankfurt, Europe's, China, Hungary, Turkey

☆ Chinese driver-assist startup announces $100 million in funding, touts 'deep cooperation' with Nvidia
▼ + stars: | 2024-11-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

David Kirton | ReutersBEIJING — Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia . The startup is also in "deep cooperation" with Nvidia, Zhou said, noting "in-depth discussions" with the chipmaker's CEO Jensen Huang. Zhou spoke on "Commercializing mass-produced autonomous driving solutions" at Nvidia's closely watched GTC AI conference in March. Those maps, used by autonomous driving companies such as Alphabet's Waymo, give a car a detailed picture of city streets. Chinese autonomous driving software developer WeRide went public on the Nasdaq last month, while robotaxi operator Pony.ai has filed for a U.S. IPO.

Persons: David Kirton, It's, Maxwell Zhou, Zhou, Jensen Huang, Deeproute, Orin, Japan Deeproute, Tesla, Elon, WeRide, Pony.ai Organizations: Reuters, Nvidia, Wall, CNBC, Huawei, Nasdaq, Industry Locations: Shenzhen, Guangdong province, China, Reuters BEIJING, Deeproute, U.S, Japan, California

☆ Tesla criticizes Biden's plan to ban Chinese tech in cars
▼ + stars: | 2024-11-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Tesla has criticized the US government's plans to ban Chinese software from US cars. President Joe Biden announced plans to ban Chinese software after clamping down on China's EV giants. AdvertisementTesla has criticized plans to ban Chinese tech in US cars, warning that doing so risks burying automakers in a deluge of red tape. Related VideoThe Biden administration unveiled plans to ban Chinese and Russian tech from internet-connected cars in September. Officials warned that cars with Chinese components posed a threat to national security and the privacy of US citizens.

Persons: Tesla, Joe Biden, —, Biden, Elon Musk Organizations: China's EV, Service, Telegraph, Officials, EV Locations: China

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Meta, Roblox, Peloton, Charter, Walmart, Berkshire Hathaway & more
▼ + stars: | 2024-11-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as buy Morgan Stanley said it's sticking with the stock following the release of the company's annual 10-K analysis. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley raised its price target on Amazon to $230 per share from $210. Morgan Stanley upgrades Entergy to equal weight from underweight Morgan Stanley said the energy company's outlook has improved. " Morgan Stanley upgrades Roblox to overweight from equal weight Morgan Stanley said in its upgrade of the stock that it sees a long runway for growth. " Morgan Stanley downgrades STMicroelectronics to underweight from equal weight Morgan Stanley said it sees too many headwinds from the semis manufacturer.

Persons: Berkshire Hathaway, Price, Morgan Stanley, Apple, Goldman Sachs, Goldman, it's bullish, Rollins, William Blair, TSMC, Bernstein, Trip.com, Morgan Stanley downgrades STMicroelectronics, Hollister comps, Peter Stern, D.A, Davidson, AAPL Organizations: UBS, Berkshire, Citi, Apple, PlayStation, Barclays, Blackwell, Tencent, Entertainment, Trip.com, Bank of America, Inc, KeySight, Qs, Abercrombie & Fitch Citi, of America, " Bank of America, Meta, Walmart Locations: Kazakhstan, LA, China

☆ Trump describes US as an occupied country in dark closing message focused on immigration
▼ + stars: | 2024-11-04 | by ( Eric Bradner | Kate Sullivan | ) edition.cnn.com time to read: +4 min

That’s all it is,” Trump said, as he vowed to launch a massive deportation effort. Trump was closing his third presidential campaign Monday with the same anti-immigration rhetoric that he used to launch his first White House bid. “Four years of Kamala have delivered nothing but economic hell for the American workers,” Trump said. It was a long discussion that is contrary to previous messaging from Trump and his campaign, which has encouraged people to vote early. One way, there’s only one way.”He added, “We have to win the old fashioned way and then fix it.

Persons: Donald Trump, ”, Kamala Harris, Trump, ” Trump, Megyn Kelly, Kelly, Kamala, “, They’ll, Roberto Clemente, Harris, Joe Biden Organizations: CNN, Trump, Republican, Pittsburgh Pirates, Sun Locations: United States, Pennsylvania, Colorado, Springfield , Ohio, Mexico, China, Pittsburgh, North Carolina, Michigan, Puerto Rican, Keystone, Michigan , Pennsylvania, Wisconsin, Arizona, Georgia, Nevada

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