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U.S. EV tax credit ending will be a long-term win for Tesla, says Deepwater's Gene Munster
Youtube· 2025-10-01 19:01
Joining us now is Gene Monster, managing partner, Deep Water Asset Management. Gan, why would this be good news. >> Brian, uh before that, I just want to acknowledge that there is a near-term benefit undoubtedly from the tax credit.If we zero in on the numbers we're going to see tomorrow, this 400 and call it 75 80,000 deliveries, about 40,000 of those are likely coming from pull forward in demand because people want to make buy a car that's 15% less expensive. And so, uh, start there is that cheaper cars d ...
Market Movers: UK Tax Relief, Intel Surge, and Geopolitical Tensions
Stock Market News· 2025-10-01 18:38
Key TakeawaysThe UK government plans to exempt shares of newly-listed companies from stamp duty, a move aimed at boosting London's appeal as a financial hub.Intel (INTC) shares surged 6% to $35.60, driven by increased trading volume, indicating strong investor interest.Former U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell, labeling him an "obstructionist" on Truth Social, potentially signaling future monetary policy clashes.Volkswagen of America reported a 6% year-on-year decline ...
Qualcomm (QCOM) and Google Cloud Strengthen Automotive AI Collaboration
Yahoo Finance· 2025-10-01 18:22
QUALCOMM Incorporated (NASDAQ:QCOM) is one of the best smart city stocks. On September 8, Qualcomm and Google Cloud (GOOG, GOOGL) expanded their collaboration to implement AI in automotive solutions. By combining Google Cloud’s Automotive AI Agent with Qualcomm’s Snapdragon Digital Chassis, the partnership’s goal is to allow automakers to develop AI-based car experiences. Automakers can now integrate AI agents to control navigation, entertainment, and car functions via verbal commands, using Google’s Gemi ...
Ford retrenchments in South Africa tied to UK tax shift, lower volumes
Reuters· 2025-10-01 18:12
The South African arm of Ford Motor has attributed the planned retrenchments to lower European orders for its Ranger pickup truck, driven by recent tax changes in the UK and sluggish export volumes for its plug-in hybrid Ranger model. ...
Florida, Texas, and Utah are the fastest-growing hot spots for America's superrich
Yahoo Finance· 2025-10-01 18:03
Florida, Texas, and Utah are the fastest-growing hot spots for America's multimillionaires. California still leads in ultrawealthy residents but lags rivals in the pace of new growth. Wealth intelligence firm Altrata says America's wealth is drifting south and west. The ranks of America's ultrawealthy are surging — and the biggest winners aren't New York or California. A new report from wealth intelligence firm Altrata released on Tuesday shows that Florida, Texas, and Utah are set to experience t ...
BMW recalling 145K cars over fire risk from engine defect — its second recall this week
New York Post· 2025-10-01 18:02
BMW is recalling over 145,000 vehicles in the US as an overheated starter could increase the risk of a fire, the National Highway Traffic Safety Administration said Wednesday.The issue affects vehicles across 2020 340I, X7, and X5 models, the auto safety regulator said.The issue affects vehicles across 2020 340I, X7, and X5 models, the National Highway Traffic Safety Administration said. REUTERSBMW dealers will replace the engine starter, free of charge, NHTSA said in the notice. Earlier this week, NHTSA sa ...
Why investors should brace for volatility in Q4, and maybe a 'monster' rally
Youtube· 2025-10-01 17:48
[Music] Welcome to Market Catalyst. I'm Julie Hyman. We are 30 minutes into the US trading day.Let's get to the three market catalyst we're watching this hour. First up, stocks drop and bonds gain amid the government shutdown and a weak ADP jobs report. We'll have full coverage ahead.Plus, we'll hear from the CEO of Union Pacific to discuss its $85 billion deal for Norfick Southern. And we'll hear from Ford CEO Jim Farley on the state of autos amid President Trump's trade war. Taking a look at the major ave ...
Unusual Tesla Call Options Volume Shows Investors Bullish on TSLA
Yahoo Finance· 2025-10-01 17:30
Today, several tranches of heavily out-of-the-money Tesla, Inc. (TSLA) call options have traded. TSLA will have to more than double in six months for the trade to be profitable with intrinsic value (i.e., “in-the-money”). That indicates a significant bullish sentiment in TSLA stock. TSLA is at $455.03 in midday trading, up over 2% today. It's now starting to approach a previous peak at the end of last year ($479.86 on Dec. 17, 2024). More News from Barchart TSLA stock - last 12 months - Barchart - As of ...
Hyundai Lowers Price on 2026 IONIQ 5 EV Lineup
Prnewswire· 2025-10-01 17:28
Accessibility StatementSkip Navigation 2026 IONIQ 5 Lineup Changes FOUNTAIN VALLEY, Calif., Oct. 1, 2025 /PRNewswire/ -- Hyundai Motor America today announced substantial pricing reductions across the 2026 IONIQ 5 lineup, reinforcing the brand's commitment to making EVs more accessible and competitive in the rapidly evolving EV market. Continue Reading The 2026 Hyundai IONIQ 5 Limited is photographed in California City, Calif., on July 22, 2025. The repositioning effort includes model price reductions rang ...
Chijet Motor Company, Inc. Announces $15 Million Registered Direct Offering
Globenewswire· 2025-10-01 17:27
融资交易概述 - 公司宣布与特定投资者达成最终协议,进行一项注册直接发行,将发行总计100,000,000股A类普通股(或相应的预融资认股权证),每股购买价格为0.15美元 [1] - 此次发行的总募集毛收入预计约为1500万美元,交易预计于2025年10月2日左右完成 [2] - Univest Securities, LLC 在此次发行中担任独家配售代理 [2] 发行具体条款 - 发行的股票每股面值为0.003美元,预融资认股权证的购买价格与股票相同,但需减去每股0.003美元的行使价 [1] - 此次发行是依据公司先前提交并于2024年8月16日被美国证券交易委员会宣布生效的F-3表格货架注册声明进行的 [3] 公司业务背景 - 公司主要业务是传统燃油汽车和新能源汽车的开发、制造、销售及服务 [5] - 公司拥有先进的制造系统和稳定的供应链管理,在中国吉林拥有大型现代化汽车生产基地,并在中国烟台建设专用于新能源汽车生产的工厂 [5] - 公司管理团队在工程设计、管理、融资、工业生产和财务管理方面拥有数十年经验 [5]