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BUSINESS

  • Tesla's Market Capitalization Targets $4 Trillion, Elon Musk Declares Elon Musk has stated that Tesla's value could reach $4 trillion, emphasizing that Tesla is more than just a car or battery company.
  • Shocking Decline: Elon Musk's X Loses $25 Billion in Value in Just a Year Elon Musk's management of the social media platform X (formerly Twitter) led to a 55% value drop, now at $25 billion.
  • California Sees Huge Surge in Electric Car Sales – What's Driving the Trend? California's electric vehicle market share rose to 22.3% in Q3, a significant increase from 9% in 2021 and 17% in 2022.
  • Blackpink's Jisoo: Is She a Lamborghini Owner? The Car Speculation Buzz Speculation arises about Blackpink's Jisoo owning a Lamborghini due to Lamborghini Seoul's social media following patterns.
  • Hyundai Slashes Prices for IONIQ 5/6: Electric Car Deals Await U.S. Customers .
  • 296 Challenge: Ferrari's Latest Marvel for Racing Enthusiasts Ferrari has unveiled the '296 Challenge' at the Finali Mondiali, an event that marks the pinnacle of the annual Ferrari racing season, held at the Mugello Circuit.
  • Toyota's Mega Investment: $8 Billion Surge in North Carolina Battery Factory Toyota has announced an additional $8 billion investment in its electric vehicle battery plant in North Carolina, USA.
  • Elon Musk Praises Chinese Electric Cars as Most Competitive Globally Top 10 global EV sales: traditional automakers absent, Elon Musk praises Chinese competitiveness, especially Tesla China and BYD.
  • US SEC Chair Expresses Concerns About AI-Driven Market Crises SEC Chairman Gensler warns of AI risks in financial markets, calls for regulation amid global efforts to address AI challenges.
  • Global Investors Flee Chinese Stocks in Unprecedented Exodus Foreign capital withdrawal from the Chinese stock market hit a record high last month, totaling 44.6 billion yuan.
  • Record High Short-Term Interest Rates in China Raise Liquidity Alarm Bells China's short-term interest rates reached 50%, causing liquidity concerns; People's Bank may lower the reserve requirement ratio (RRR).
  • Toyota's Future-Ready Pickup Truck: IMV 0 Wows Dads at 2023 Japan Mobility Show Toyota unveils IMV 0 concept: versatile electric pickup truck for 2025 launch, focusing on cost-effectiveness and customization.
  • Tesla's Model Y Performance Gets Pricier in China: What You Need to Know Tesla increases the price of its top Model Y by 14,000 yuan in China to 363,900 yuan due to strong demand.
  • Volvo Reports Impressive Q3 Performance With a 22% Surge in EV Sales Volvo Q3 operating profit, excluding joint ventures and associates, surged by 75% to $677.6 million, with strong sales and cost savings.
  • Porsche Drives Forward: Strong Q3 2023 Performance After IPO Success Porsche reports impressive Q3 results with 12.6% sales growth, exceeding profit margins, and strong global demand.
  • California Suspends GM Cruise's Robotaxi Permit Over Safety Issues The state of California has suspended GM Cruise's autonomous driving trial permit within the U.S. due to safety concerns.
  • Hyundai's $5.5 Billion EV Plant in Georgia Nears Full Foundation Completion Hyundai's U.S. electric vehicle assembly and battery plant progress rapidly, with 99.9% of foundation work completed in one year.
  • Bitcoin on Fire: What's Driving the 15% Price Explosion? Bitcoin's price jumped over 15% due to growing expectations of an early Bitcoin spot ETF launch after BlackRock's ETF application progress.
  • BMW's Mega Investment in US Electric Vehicle Production BMW is investing $1.7 billion in the USA for an EV battery factory and plans to produce six electric vehicle models by 2030.
  • Tesla's New Tech Monitors Your Yawns and Blinks to Prevent Drowsy Driving Tesla's new drowsy driver alert uses internal cameras to monitor and alert drowsy drivers in European vehicles.
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