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Tesla: While not binding, the vote is a further obstacle for the U.S. EV maker s plans to double the site s capacity to 100 gigawatt hours of battery production and 1 mn cars per year, setting it up to dominate Europe s EV market. ....
The Santa Clara, California chipmaker s quarterly report on Wednesday will be one of Wall Street s most watched events of the week. Some strategists believe anything short of a blowout report could reverse a rally that has sent Nvidia s stock soaring 47% in 2024. ....
Xpeng: The additional employees would represent a 25% expansion of the Volkswagen-backed EV maker s workforce from the latest headcount of 15,829 at the end of 2022. The expansion was announced in a letter from Chief Executive He Xiaopeng to employees on Sunday, the first working day after the Lunar New Year holiday. ....
The letter is the first indication that Musk intends to appeal the ruling, which the billionaire has criticized on social media, saying he will seek shareholder approval to move Tesla s state of incorporation to Texas, where it has its headquarters. ....