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☆ These were the most traded stocks and options heading into Christmas, Interactive Brokers says
▼ + stars: | 2023-12-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Interactive Brokers on Tuesday compiled a list of its 25 most traded stocks and options between Dec. 18 and Dec. 22. They also put in more than 62,000 Tesla options orders. Other heavily traded stocks include Nvidia , crypto mining company Marathon Digital and Advanced Micro Devices . They also traded more than 32,000 Nvidia options orders, along with 14,694 for Marathon and over 16,000 for AMD. Clarification: This story has been updated to reflect the data refers to stock and options orders.

Persons: Steve Sosnick, Tesla, it's, Sosnick Organizations: Interactive, Nvidia, Marathon, Devices, Traders, AMD, Nasdaq, Dow Jones

☆ The S&P 500 inclusion curse is now taking aim at Uber
▼ + stars: | 2023-12-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Uber Technologies is finally going into the S & P 500, four years after going public and just shy of an all-time high. And there are a lot of them: Roughly $12 trillion is directly or indirectly indexed to the S & P 500. First is the price: Uber went public in May 2019 at $45 and is now close to $60. Will the 'S & P 500 curse' strike again? S & P announced it would add Tesla to the S & P 500 on Nov. 16, 2020.

Persons: Uber, Tesla Organizations: Technologies, Poor's, American Express, Steel, McKinsey

☆ Fire damaged Nikola Tesla's last remaining laboratory that crowdfounders raised over $1 million to save
▼ + stars: | 2023-11-29 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +3 min

A serious fire broke out at the Tesla Science Center at Wardenclyffe. The facility is famed inventor Nikola Tesla's only laboratory still in existence. AdvertisementJust months after a groundbreaking ceremony for a $20-million restoration project, a fire broke out at the Tesla Science Center at Wardenclyffe. Located in Shoreham, New York, the facility is the last-remaining laboratory of inventor Nikola Tesla . The brick walls are still standing, but there is damage to the roof at the Tesla Science Center at Wardenclyffe.

Persons: Nikola Tesla's, —, Nikola Tesla, Firefighters, Marc Alessi, " Alessi, Mark Thaler, haven't, Tesla, Thomas Edison, Matthew Inman Organizations: Tesla Science, Service, Niagara Parks Power Locations: Wardenclyffe, Shoreham , New York, New York, London

☆ Forget Big Tech? Fund manager names 6 lesser-known tech stocks to buy instead
▼ + stars: | 2023-11-22 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

One portfolio manager, however, is shifting his focus to other tech players — particularly small mid-cap names. His comments come despite the sharp gains registered by big tech stocks which pushed the price-to-earnings ratio of the S & P 500 index to around 20 times. By contrast, the ratio is trading below 14 times when the seven Big Tech stocks are excluded, he noted. Another stock in Kharmandarian's AI and Robotics Fund fund is cybersecurity firm Crowdstrike . Electronic Design Automation Another theme on Kharmandarian's watchlist is electronic design automation — specifically companies designing the latest generations of semiconductors.

Persons: Karen Kharmandarian, Kharmandarian, bullish, Splunk Organizations: Big Tech, Apple, Microsoft, Nvidia, Tesla, Thematics Asset Management, CNBC, Robotics Fund, Cisco Systems, Cadence Design Systems, Pharmaceuticals, BioXcel Therapeutics

☆ Cramer says mergers and acquisitions could be the ‘potential savior’ for much of the market
▼ + stars: | 2023-11-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"Mergers and acquisitions could be the potential savior for much of this market, everything from medical devices to industrials, to retailers, aerospace, utilities, foods and drugs and so many other groups," he said. Cramer conceded that it has been a hard year for stocks other than those in the "Magnificent Seven," whose success has outshone most other sectors. Cramer said the possible solution for the rest of the market isn't necessarily about challenging the "Magnificent Seven," but changing the percentage gain of other companies. Cramer instead suggested mergers could lead to major gains in a variety of different sectors. "But given his pro-worker attitude and the fact that mergers often lead to layoffs, I doubt he'll go there.

Persons: CNBC's Jim Cramer, Cramer, he's, Joe, Biden, Lina Khan, he'll Organizations: Federal Trade Commission, Nasdaq, Meta, Microsoft, Nvidia, Tesla

☆ Nvidia earnings will give Wall Street a peek into AI demand heading into 2024
▼ + stars: | 2023-11-20 | by ( Ari Levy | ) www.cnbc.com time to read: +5 min

Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. When Nvidia reports fiscal third-quarter results Tuesday, analysts are expecting to see revenue growth of over 170%. Heading into the Thanksgiving holiday, Wall Street will be closely scrutinizing the company that's been at the heart of this year's artificial intelligence boom. In particular, the emergence of AMD in the generative AI market presents a new dynamic for Nvidia, which has mostly had the AI graphics processing unit (GPU) market to itself. "NVDA needs to forcefully counter the narrative its products are too expensive for generative AI inference," the Bank of America analysts wrote.

Persons: Jensen Huang, that's, Lisa Su, Raymond James, OpenAI's, Sam Altman, OpenAI, Emmett Shear, Satya Nadella, Altman, Greg Brockman, Jensen, Eric Jackson Organizations: Nvidia, " Bank of America, AMD, Bank of America, FactSet, LSEG, Microsoft, Cailian Press Locations: China, OpenAI

☆ Are Americans Falling Out of Love With EVs?
▼ + stars: | 2023-11-17 | by ( Stephen Wilmot | ) www.wsj.com time to read: 1 min

Prices of electric vehicles, such those manufactured by Tesla, have been falling. Photo: Bloomberg NewsAmerica’s spendthrift relationship with electric vehicles has lost some spark. It will take new generations of products to rekindle the romance on tighter budgets. Inventories are piling up and prices are falling, led by market leader Tesla . The average new EV sold for about $52,000 in October, down from around $65,000 a year ago, according to Cox Automotive.

Persons: Tesla Organizations: Tesla, Bloomberg, Cox Automotive Locations: U.S

☆ 'Pretty inexpensive': Morgan Stanley bullish on one Big Tech stock, says it looks cheap on some metrics
▼ + stars: | 2023-11-16 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Shares of tech giant Meta Platforms are set to jump over 10% in the next 12 months, according to Brian Nowak, an equity analyst at Morgan Stanley. While Meta has been on investors' radars, the stock was under pressure last month during a recent tech sell-off. META YTD mountain Year-to-date share price of Meta Going forward, Nowak remains overweight on the tech giant. Nowak also believes the tech giant's strength comes from the discipline on its operating expenditure. It will also result in incremental Reels ad revenue of $11.4 billion in 2024 and $12.9 billion in 2025, the analysts led by Nowak detailed.

Persons: Brian Nowak, Morgan Stanley, Susan Li's, –, Li, Nowak, CNBC's, —, Isabella Lok Organizations: Meta, Apple, Microsoft, Nvidia, Tesla, Facebook Locations: U.S

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Apple, Disney, Microsoft, AMD, Amazon, Adobe & more
▼ + stars: | 2023-11-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley downgrades Freyr Battery to equal weight from overweight Morgan Stanley said the battery maker faces "significant challenges." Barclays upgrades Fortrea to overweight from equal weight Barclays said in its upgrade of the health contract research company that it sees improved bookings. Barclays upgrades Mosaic and Nutrien to overweight from underweight Barclays upgraded several potash and aggriculture companies and said a compelling entry point. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by its overweight rating on shares of Tesla . Barclays reiterates Disney as equal weight Barclays said it's having trouble finding upside for Disney shares.

Persons: Wells, Needham, Docebo, Morgan Stanley downgrades Freyr, Morgan Stanley, FREY, Andrew Stanleick, Bernstein, Redburn, Goldman Sachs, Goldman, it's, Baird, Kraft Heinz, Miguel Patricio, " Roth, Marvell, Roth, Tesla, laggards, Evercore, TD Cowen, Cowen, We've Organizations: Microsoft, TAM, Deutsche Bank, Deutsche, UBS, Barclays, Mosaic, NTR, ICL, OW, UW, JPMorgan, Apple, Nvidia, Aspen Technology, Kraft, Marvell Technology, Devices, Tesla, Adobe, Disney Locations: BeautyHealth, U.S

☆ Ron Baron says he's 'amazingly bullish' on stocks despite geopolitical turmoil around the world
▼ + stars: | 2023-11-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Billionaire investor Ron Baron remains confident in the outlook for stocks even as geopolitical turmoil unfolds in the Middle East and across the globe. "I'm amazingly bullish," the Baron Capital CEO told CNBC's " Squawk Box " on Friday from the Baron Investment Conference, adding that he's buying stocks everyday. But this setup isn't deterring the investor from putting his money in the market and into companies such as Tesla . Baron also noted that he's never owned a bond. "I don't have a lot of a lot of cash here," he said.

Persons: Ron Baron, CNBC's, Baron, he's, I'm Organizations: Baron Capital, Baron Investment Conference, Washington , D.C Locations: Israel, Ukraine, U.S, Washington ,

☆ Why Rivian Can’t Be the Next Tesla
▼ + stars: | 2023-11-08 | by ( Stephen Wilmot | ) www.wsj.com time to read: 1 min

Rivian raised its production forecast for 2023 on Tuesday, Photo: Bing Guan/Bloomberg NewsRivian is on a better road than Lucid , but none of America’s electric-vehicle startups looks much like being the next Tesla . Rivian is finding its cruising speed—slower but more controllable than the breakneck expansion envisaged in its initial public offering two years ago. The company, which is focused on electrifying pickup trucks, three-row sport-utility vehicles and delivery vans, raised its production forecast for 2023 to 54,000 on Tuesday, when it reported third-quarter results after the market close. This was the second consecutive quarter that it has raised this closely watched number after drastically cutting expectations just months after its IPO. The stock was up about 7% in premarket trading on Wednesday.

Persons: Rivian, Bing Guan Organizations: Bloomberg

☆ 'Tremendous potential': Growth investor is underweight the Magnificent Seven, but likes one tech giant
▼ + stars: | 2023-11-06 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

The "Magnificent Seven" stocks have proved popular this year, but one growth investor says he is underweight the group. The Big Tech stocks known as the "Magnificent Seven" are Alphabet , Amazon , Apple , Meta , Microsoft , Nvidia and Tesla . Pro Microsoft There is, however, one name among the Magnificent Seven that Curtis likes a lot, and that's Microsoft. MSFT NVDA YTD mountain Year-to-date share movement of Microsoft and Nvidia "It doesn't matter where the stock has been. And I think both in the case of Microsoft and Nvidia, their significant earnings power add to those businesses," Curtis said.

Persons: Jonathan Curtis, CNBC's, Curtis Organizations: Big Tech, Apple, Meta, Microsoft, Nvidia, Tesla, Franklin Equity Group

☆ Why one Tesla manager thinks used cars are 'absolutely pivotal' for EVs
▼ + stars: | 2023-11-02 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

Used Tesla cars for sale at Big Motoring World's showroom in the U.K., in 2023. Used electric vehicles are set to play an important part in the shift to more sustainable forms of transportation, according to a manager at Elon Musk's Tesla . "Once the early adopters have adopted, we need to start getting in front of new audiences, those who haven't necessarily considered an electric car as their next purchase," he said. Other demographics to consider include those who are interested in EVs but lack the "financial means" to purchase a new one, he added. "That's why I believe that used cars are absolutely pivotal to ensure that as many people as possible can experience the sheer joy of owning and driving an electric car," Oates said.

Persons: Elon Musk's Tesla, Michael Oates —, —, Oates Organizations: Elon Locations: Oxford, U.K

☆ Will the S&P 500 rally by year-end? Morgan Stanley's Slimmon weighs in — and names a Big Tech stock
▼ + stars: | 2023-11-02 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Will the S & P 500 be nearer to 5,000 by the end of the year? Morgan Stanley Investment Management's Andrew Slimmon was among some on Wall Street who earlier this year believed so. The S & P 500 closed at 4,193.80 on Tuesday. Although markets have been volatile lately, Slimmon expects the S & P 500 to be closer to 5,000 than 4,000. But his S & P 500 prediction is predicated on a few factors, Slimmon told CNBC's " Squawk Box Asia. "

Persons: Morgan Stanley, Andrew Slimmon, Slimmon, inching, CNBC's, There's, Stocks Organizations: Morgan Stanley Investment, CNBC, Treasury, . Federal, CNBC Market, Survey, Apple, Microsoft, Nvidia, Tesla, Windows, United Rentals Locations: ., financials

☆ Jim Cramer praises 'Magnificent Seven' stocks, says last week's mega-cap tech sellers missed out
▼ + stars: | 2023-11-02 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday said his "Magnificent Seven" mega-cap tech stocks stood out during earnings season, even though they took a hit as investors fretted over an unsettled bond market. But many of the stocks have since recovered from post-earnings declines, Cramer noted, perhaps leaving some sellers full of regret. Cramer dubbed investors' reactions to Alphabet's Google Cloud miss "extreme," saying the stock is starting to come back. Apple reported Thursday after the market close, with its stock seeing a pullback in after-hours trading. "I think it's safe to say that the sellers missed out on a real buying opportunity and, worse, they created that opportunity themselves," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Cramer's Organizations: Big Tech, Apple, Nvidia, Microsoft, Google

☆ A cautious way to bet on a bounce in one of the broken 'Magnificent Seven' stocks
▼ + stars: | 2023-10-27 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +4 min

The so-called Magnificent Seven group of stocks, which rose together for most of 2023, are starting to break-up this earnings season. The Magnificent Seven constituents (Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla) have been the main performance drivers in the S & P 500 index all year. The super-duper seven have added almost $4 trillion in market cap in 2023 alone while collectively as a group contributed roughly 90% of the S & P 500's 2023 gain. I want to focus on one of the high-flying Magnificent Seven names: Tesla . Using the SPDR S & P 500 ETF (SPY) , traders saw the 200-day violated at $422 and Relative Strength Indicator levels have now been slammed into oversold territory.

Persons: Microsoft's, Tesla, TSLA Organizations: Microsoft, Meta, Nvidia, Investors, Elon Musk's EV

☆ BMW says diversifying risks does not mean it is leaving China
▼ + stars: | 2023-10-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

WUHAN, CHINA - MAY 25: (CHINA OUT) Attendees wear protective masks as they look around the at BMW Ix3 during 2023 Central China International Auto Show on May 25, 2023 in Wuhan, Hubei province, China. More than 80 brands took part in the 2023 Central China International Auto Show which started on Thursday. (Photo by Getty Images)German automaker BMW Group said that diversifying its supply chains away from China does not mean it is leaving the country completely. "Especially the BMW Vision Neue Klasse, it will not be a small volume. BMW is not leaving China, he said, adding that free trade is "fundamental to our business model."

Persons: Oliver Zipse, CNBC's Martin Soong, Annalena Baerbock Organizations: BMW Ix3, China International, Getty Images, BMW Group, BMW, Neue, Japan, Neue Klasse, Tesla Locations: WUHAN, CHINA, Wuhan, Hubei province, China, Germany

☆ Jeep, Dodge maker Stellantis to invest $1.6 billion in Chinese EV startup Leapmotor
▼ + stars: | 2023-10-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Arjun Kharpal | CNBCStellantis on Thursday said it will invest 1.5 billion euros ($1.58 billion) in Chinese electric vehicle startup Leapmotor , as traditional automakers look for a way to compete in China's cutthroat market. The companies will form the Leapmotor International joint venture, aiming to boost sales of the Chinese brand's electric cars overseas. China, the world's biggest electric vehicle market, is dominated by domestic company BYD , as well as U.S. automaker Tesla . Traditional vehicle companies have been seen to be too slow to transition to manufacturing electric vehicles, hampering potential growth in the Chinese market. Stellantis eyes China boostThe deal could boost Stellantis' efforts in China, by having a local partner lead the way.

Persons: Arjun Kharpal, Li Auto, Stellantis, Abhik Mukherjee, Carlos Tavares, Leapmotor, Zhu Jiangming, Counterpoint's Mukherjee, Bill Russo Organizations: Leapmotor, CNBC, International, JV, Chrysler, Maserati, Tesla, Huawei, Counterpoint Research, EV, IAA, Guangzhou Automobile Company Locations: Leapmotor . China, China, Hangzhou, Munich, Greater China, Europe, Stellantis, China's Xpeng

On the phone was 28-year-old Jimmy Zhong, a local party boy and Georgia alum who frequented Athens' drinking establishments. Robin Martinelli, Martinelli Investigations owner and private investigator. Martinelli said Zhong appeared resistant to her theories, especially when they began to focus on his circle of friends. Source: Zhong's social media profileHis parties were epic. Source: Zhong's social media profile

Persons: Jimmy Zhong, Zhong, Robin Martinelli, Martinelli, Montel Williams, " Martinelli, Jimmy, Zhong didn't, Louis Vuitton, Gucci, Jimmy Choo, didn't, he'd, Satoshi Nakamoto, Stefana, CNBC Masic, Zhong couldn't, Jody Thompson, Thompson, Trevor McAleenan, Shaun MaGruder, McAleenan, that's, MaGruder, I've, wasn't, Trevor, I'm, coders, Nathaniel Popper, Popper, Bitcoin, Nobody, bitcoin, Michael Bachner, John Garland, Bachner, Ross Ulbricht, Chad Organizations: University of Georgia, Clarke County Police Department, rowdies, Clarke County Police, CNBC, Department of Justice, Martinelli Investigations, Broad, College, Ritz Carlton, Waldorf, Georgia Bulldogs football, Rose, IRS, Silk, Clarke, Investigators, Misfits, . Locations: Athens, Georgia, bitcoin, It's, Loganville , Georgia, Zhong's, Gainesville , Georgia, Los Angeles, Beverly Hills, LA, Gainesville, Chad, Clarke County, Montgomery , Alabama, U.S

☆ Stock futures rise slightly to kick off a busy earnings week: Live updates
▼ + stars: | 2023-10-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures inched higher in overnight trading Sunday ahead of a busy week for corporate earnings. Futures tied to the Dow Jones Industrial Average added 0.1%, while S&P 500 futures and Nasdaq-100 futures gained 0.12% and 0.16%, respectively. The S&P 500 advanced 0.45% for its second consecutive positive week, while the Dow Jones Industrial Average gained 0.79%. Meanwhile, Wall Street assessed a slew reports from major financial firms, with JPMorgan Chase and Wells Fargo gaining 1.5% and 3%, respectively. On the economic front, Wall Street awaits the Empire State Index for October due out Monday.

Persons: Stocks, Eric Johnston, Cantor Fitzgerald's, CNBC's, Chuck Schumer, Johnson, Charles Schwab Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow Jones Industrial, Dow, Wall, JPMorgan Chase, Wells, Johnson, Bank of America, Netflix, Tesla, Index Locations: Israel, Gaza, U.S

☆ Jim Cramer sees 'plenty of tinder' that could spark a market rally, including the jobs report
▼ + stars: | 2023-10-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said Wednesday he sees conditions that could spur a stock market rally, following a challenging few weeks on Wall Street. "We certainly have plenty of tinder for a rally — there are some Kingsfords lying around, maybe even a Duraflame or two," he said. However, he added that this potential economic weakness could hurt plenty of sectors, including retailers, banks and housing. But this weakness soon gave way to a tech-fueled rally, he said. He added that he's not sure whether the "uniform negativity" on Wall Street — especially talk of declining bond prices — means a bottom, but to him, it's a possibility.

Persons: CNBC's Jim Cramer, Cramer, Friday's, he's, We'll Organizations: Federal, Nasdaq, Microsoft, Nvidia, Meta

☆ The UAW strike at Ford, GM, and Stellantis could change the entire automotive industry forever
▼ + stars: | 2023-09-21 | by ( Nora Naughton | Alexa St. John | ) www.businessinsider.com time to read: +7 min

For the first time in its 88-year history, the UAW is on strike at all three of the Detroit companies at once. "We have a bigger point to make," Wegener said, noting the strike sends a larger message about inequality across the industry. In fact, the United Auto Workers-led strike at the Detroit 3 is shaping up to have an outsized effect on the entire automotive industry. "If the UAW does dig their heels in and does well here, it's highly likely that they will get other auto workers who are not UAW auto workers to be very interested," Ambrose Conroy, CEO of consultancy Seraph, said. Even the branding of the strike, which Fain has called the "Stand Up" strike, is a play on the UAW's highly influential 1937 sit-down strike at GM.

Persons: Tesla, Matt Wegener, –, Wegener, It's, it's, Ambrose Conroy, Seraph, Fain, we've, Jason Miller, Stellantis, Melissa Atkins, Ford, Jim Farley, Miller, Conroy, They've Organizations: UAW, Service, United Auto Workers, Michigan Assembly, Detroit, Ford, GM, Teamsters, United Airlines, Michigan State University, CNBC, Tesla Locations: Detroit, Wall, Silicon, Wells Fargo

☆ U.S. market is too heavily reliant on pricey 'Magnificent Seven' stocks for gains, says Credit Suisse strategist
▼ + stars: | 2023-09-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

"We struggle to believe that the US at currently [circa] 60% of global market cap can continue its inexorable rise." The Shiller P/E ratio is a measure of how undervalued or overvalued the broader stock market is. Garthwaite attributed the overvalued nature of the market to the meteoric rise of technology stocks this year, especially the so-called Magnificent Seven, which includes Alphabet , Amazon , Apple , Meta , Microsoft , Nvidia and Tesla . This means the U.S. market is essentially overexposed to these seven stocks, which are seeing "extreme levels" for relative valuations, he said, in a note to clients that advised investors to underweight U.S. stocks. While Credit Suisse is still bullish on technology stocks, current high price-to-earnings multiples for the Magnificent Seven will be difficult to maintain, he said.

Persons: Andrew Garthwaite, Garthwaite, — CNBC's Michael Bloom Organizations: Apple, Meta, Microsoft, Nvidia, Tesla, Credit Suisse, Tech Locations: U.S

☆ How this aggressive growth fund beat the S&P 500 without Nvidia or Big Tech
▼ + stars: | 2023-09-11 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Many growth funds have performed on pace with the S & P 500 this year, driven by mega-cap names such as Nvidia , Alphabet and Tesla . The Needham Aggressive Growth Fund , however, has outperformed. Aggressive growth funds are focused on investing in growth stocks, with high potential future to grow — but also higher risk. Picking companies Portfolio manager Barr, who has managed the fund since 2010, told CNBC Pro that "there is a rich universe of investment opportunities beneath the big tech companies like Nvidia." "There are small-cap companies with rapid growth, and also with the steady growth that Needham prefers."

Persons: It's, John Barr —, Barr, Needham Organizations: Nvidia, Big Tech, Morningstar, CNBC, Apple, Needham Funds Locations: industrials, Barr, United States

☆ BMW to use Amazon cloud technology to build its autonomous driving features for new EVs
▼ + stars: | 2023-09-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

BMW revealed the BMW Vision Neue Klasse, a concept electric vehicle that will underpin its foray into battery-powered cars. MUNICH — BMW will build its semi-autonomous driver assistance system on Amazon's cloud computing technology, the two companies said Tuesday. It comes as traditional automakers look to boost the technology in their cars, with a particular focus on ADAS, to compete with Tesla . An ADAS is a software system that can offer drivers assistance with actions such as lane changing or parking. Automakers are looking to introduce an increasing number of these features as they push toward autonomous driving.

Persons: Tesla's Organizations: BMW, Neue, Tesla Locations: MUNICH

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