Tesla closed at an all-time high today of over $489. The company has been riding high as it tests its autonomous Robotaxi service without safety monitors and takes a bigger chunk of shrinking EV market share. Its previous high was $479 on December 17 last year.
Elon Musk says his space company has merged with his AI company, with the lofty goal of eventually putting data centers in space.
The signs are there: the French government has restricted the use of Zoom for its employees. In Germany, the state of Schleswig-Holstein is ending the use of Microsoft Teams among its workers.
As US-EU tensions rise, Europe is looking to secure its own “digital sovereignty,” reduce its dependence on US-owned technology platforms, and grow its domestic tech industry. It now seems the European breakup with Big Tech is underway.
Tuttle Capital Management CEO Matthew Tuttle thinks that most investors aren’t paying enough attention to this growing problem for the American tech sector’s stocks.
In a note to investors, Tuttle wrote:
“The world is building optionality away from U.S. policy and platform dependence. And once you see it, you can’t unsee it — because it’s showing up in procurement decisions, supply chains, defense budgets, and capital flows.”
Tuttle Capital Management CEO Matthew Tuttle thinks that most investors aren’t paying enough attention to this growing problem for the American tech sector’s stocks.
In a note to investors, Tuttle wrote:
“The world is building optionality away from U.S. policy and platform dependence. And once you see it, you can’t unsee it — because it’s showing up in procurement decisions, supply chains, defense budgets, and capital flows.”
Waymo is seeking to raise $16 billion in a funding round that would value the autonomous car company at nearly $110 billion, Bloomberg reports. That’s higher than earlier Bloomberg estimates for the round and more than double Waymo’s 2024 valuation.
Parent company Google is leading the financing, expected to close in February, by making a $13 billion commitment that would account for a huge chunk of the round.
A new Chinese safety rule will require every vehicle sold in the country to have mechanically operable external and internal door handles that work even without power by 2027. The move would effectively ban the flush, motor-activated door handles Tesla is famous for, and that other EV makers like Xiaomi, Lucid, and Rivian have also adopted. Tesla is already facing scrutiny over its door designs in the US, where regulators have investigated crashes in which passengers struggled to exit vehicles after power failures.
