News
Uber strengthens self-driving ambitions with new Lucid investment, analysts say
1+ day, 15+ hour ago (276+ words) Uber Technologies Inc (NYSE: UBER, XETRA: UT8) has increased its investment in Lucid Group Inc (NASDAQ: LCID) and expanded its vehicle purchase commitment, signaling a stronger push into autonomous ride-hailing, according to Bank of America. The ride-hailing company will invest an additional…...
Tesla upgraded by UBS analysts who see balanced setup between near-term headwinds and AI optimism
2+ day, 21+ hour ago (473+ words) Tesla Inc (NASDAQ: TSLA) shares rose 3. 7% to $365 on Tuesday after UBS analysts shifted their stance on the stock, upgrading it to "Neutral" while maintaining a $352 price target. In a note to clients, UBS wrote that current share levels now "more…...
Lucid shares fall on capital raise announcement, leadership update
2+ day, 17+ hour ago (230+ words) Lucid Group Inc (NASDAQ: LCID) shares declined almost 5% on Tuesday after the electric vehicle maker announced a new $300 million public offering of common stock, part of a broader capital-raising effort totaling approximately $1. 05 billion. The newly priced stock offering, expected to close…...
Ford reports drop in US first quarter sales amid industry pressures
2+ week, 19+ hour ago (405+ words) Ford Motor Company (NYSE: F)has reported an 8. 8% year-over-year drop in US first quarter sales, reflecting ongoing affordability challenges in the auto industry. Total US sales fell to vehicles in the January to March period, with the decline attributed to higher…...
Tesla shares fall as first quarter vehicle deliveries fall short of expectations
2+ week, 20+ hour ago (392+ words) Tesla Inc (NASDAQ: TSLA) reported first quarter vehicle deliveries that fell short of Wall Street estimates, delivering 358, 023 vehicles compared with expectations of roughly 370, 000. The company said it produced 408, 386 vehicles during the quarter. Energy storage deployments reached 8. 8 gigawatt-hours over the same…...
Uber-Nvidia deal boosts Bank of America's confidence in rideshare app's AV future
1+ mon, 6+ hour ago (247+ words) Uber and Nvidia announced plans to launch Level 4 robotaxis in 28 global cities by 2028, beginning with LA and San Francisco in the first half of 2027. The rollout will involve several automakers, including BYD, Geely, Mercedes, Nissan, and Toyota, using Nvidia's DRIVE…...
Ilika's solid-state battery technology: addressing key challenges facing EVs and medical devices
4+ week, 2+ day ago (252+ words) This record is published on behalf of Ilika PLC, a paid client of Proactive In exchange for publishing services rendered by the Company on behalf of Ilika PLC named herein, including the promotion by the Company of Ilika PLC in…...
Uber seen as well-positioned in autonomous vehicles following Zoox partnership
1+ mon, 4+ day ago (301+ words) Uber now has partnerships with every major unsupervised player, reinforcing our view that they are uniquely well-positioned to benefit from AVs," Wedbush wrote." The partnership will bring Zoox's purpose-built robotaxis to the Uber app, initially deploying fleets in Las Vegas…...
Trust Stamp enables real-time DMV verification for IDetect ID scanners
1+ mon, 2+ week ago (208+ words) This record is published on behalf of Trust Stamp Inc, a paid client of Proactive In exchange for publishing services rendered by the Company on behalf of Trust Stamp Inc named herein, including the promotion by the Company of Trust…...
Stellantis slumps as EV missteps trigger record "22 B charge
2+ mon, 1+ week ago (206+ words) Stellantis NV (NYSE: STLA, EPA: STLA) shares opened a massive 25% lower on Friday after the automaker announced a "22. 2 billion charge tied to scaling back electric vehicle (EV) projects and refocusing on hybrids and traditional gas engines. The company said the…...