Amazon
Wall St rises in first trading session of 2025; Tesla slides
Wall Street’s main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political landscape and more interest rate cuts.
1 Dead
Nevada: 1 Dead, 7 Injured After Tesla Cybertruck Explosion By Trump Hotel In Vegas, Authorities Probing As Possible Terrorist Attack
One person was killed while seven others were injured after a Tesla Cybertruck exploded in front of President-elect Donald Trump’s Las Vegas Hotel on New Year’s Day.
automobiles
Nissan And Honda To Merge, Forming World’s Third-Largest Automaker
A massive move in the auto industry has taken place as Honda and Nissan have announced plans to merge, forming the world’s third-largest automaker by sales.
Apple
Honda, Nissan move to deepen ties, sources say, including possible merger
Honda and Nissan are in talks to deepen ties, the clearest sign yet of how Japan’s once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.
Amazon
Elon Musk’s net worth tops $400 billion, Forbes billionaires list shows
Elon Musk’s net worth crossed $400 billion, boosted by a nearly 71% surge in the automaker’s shares this year and the soaring valuation of his rocket company SpaceX.
assembly plants
GM Cuts 1K Jobs In Cost-Cutting Reorganization
General Motors laid off almost 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions.
AI-led demand
Tech market values jump in September on Fed rate cuts, AI optimism
The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies.
2027 models
U.S. Commerce Department Proposes Banning Chinese And Russia-Made Software In Cars
The U.S. Commerce Department has proposed to ban Chinese and Russian-made hardware and software in internet-connected vehicles in the United States due to “national security concerns.”
2030
Volvo Walks Back Promise Of Exclusively Producing Electric Vehicles By 2030
Swedish automaker Volvo walked back their goal of solely producing electric vehicles (EVs) by the year 2030 on Wednesday, claiming that it now expects to still offer hybrid models as we enter into the next decade.
Arjen Rao
China’s robot makers chase Tesla to deliver humanoid workers
China is chasing Tesla in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines.