Tesla and SpaceX CEO Elon Musk and US President Donald Trump will appear on February 11, 2025 when they signed the White House oval office in Washington, DC.
Andrew Harnik | Getty Images News | Getty Images
Elon Musk is the wealthiest person in the world, and is a leader in efficiency for Tesla, SpaceX, X, Boring Company, Xai, Neuralink, US government, and a recent group of investors to buy Openai I’m bidding.
From a business perspective, masks’ performance cannot be denied. The companies he leads are not only market leaders, but are often pioneers in the field. Think about how Tesla kickstarted the electric vehicle industry, or how SpaceX successfully made commercialized spaceflight.
Paradoxically, achieving success widely can have negative consequences. Investors seem to be worried that Musk is distracted by all his business insights. Tesla stocks have plummeted more than 6% on Tuesday as Chinese rival BYD appears to be covering the company with AI-enabled autonomous driving.
If hands-free driving becomes a reality, it can release the mask and place your fingers on other pie without pulling down the company’s stock.
Things you need to know today
Bido threatens Tesla
Tesla Stocks fell 6.3% on Tuesday after Chinese EV makers byd He said DeepSeek will be integrated into autonomous driving technology and will be available in almost every vehicle. There are also concerns about mask distractions, including his bid for open AI and his role in the White House’s “Government Efficiency Department.” Tesla’s stock price has exceeded 16% in the past five days.
Provisional US market
The US market on Tuesday digested comments that central banks don’t need to “hasted” to adjust policy stance as investors digested comments from US Federal Reserve Chairman Jerome Powell . S&P 500 It was almost flat Dow Jones Industrial Average I climbed 0.28% Nasdaq Composite Regression by 0.36%. Asia-Pacific stocks traded on Wednesday. Hangsen index Hong Kong’s listed stock rose by around 1.9% Alibaba Pop 7.15% in the affiliated report apple Developing iPhone AI functions in China.
Baidu releases next-generation AI models
China’s technology giant Baidu Sources familiar with the issue say they plan to release the next generation of AI models later in the year. The name Arnie 5.0, the model is set to “significantly improve multimodal functionality,” sources say. Multimodal AI models can operate in media format. The release of Baidu comes amidst the advancements in AI in China, including the cost-effective DeepSeek, released in January.
Super Microcomputers Reassure Investors
Super Microcomputer CEO Charles Liang said Tuesday that the company is “confident” when it comes to filing an annual report delayed by the Securities and Exchange Commission’s February 25 deadline. The company also said it expects to generate $40 billion in revenue in 2026, which is higher than the expected $30 billion analysts by LSEG. The company’s shares skyrocketed 8.4% in extended transactions.
CATL files to list in Hong Kong
China’s modern Ampelex technology, also known as CATL, has applied for listing on Hong Kong’s stock exchange. The initial public offering is expected to raise at least $5 billion, reporting it will become the city’s largest IPO in five years, according to Reuters. The company supplies batteries to automakers like Tesla. In January, the US Department of Defense included CATL and Tencent on its list of “Chinese Military Companies.”
(Pro) How to play CPI
The US Consumer Price Index Report was released Wednesday, bringing the time to a revival of inflation concerns due to tariffs in January and higher than expected wage growth. jpmorgan Traders laid out how the S&P 500 responds based on CPI readings. Scenarios range from a 1.75% increase to a 2% decline, including asset classes that could “react violently.”
And finally…
Saturday, July 31st, 2021, a dock at the port of Sicka in Jamunagar, Jajarat, Gujarat, India.
Dhiraj Singh | Bloomberg | Getty Images
Indian oil minister says “We play according to rules” as the market is considering US energy sanctions
India is not “playing with the rules” rather than “avoiding” international sanctions on the oil market, the country’s Natural Gas Harpi Singh Puri told CNBC on Tuesday on the sidelines of the India Energy Week conference He spoke. Indian refiners have snapped Russian oil discounts since Western and G7 energy sanctions banned many consumers from Moscow supplies. New Delhi has repeatedly defended the purchase as a matter of national interest.
Puri also shows that Trump’s predecessor, President Joe Biden, supported Russia’s enhanced intake of oil. “I chatted with Americans from the previous administration. They buy as much as you like. Make sure you buy it within the price cap. That’s what we did That’s it,” Puri said.