6/27/2025

Third Point's value-focused billionaire chief dumped a stock priced for perfection for one that's reasonably inexpensive amid a historically pricey market.

Source: Yahoo

6/27/2025

STORY: The pressure just keeps mounting for Tesla in China.Friday saw local rival Xiaomi announce exceptionally strong orders for its new YU7 electric vehicle.The car is aimed squarely at Tesla’s Model Y, and undercuts it on price.Analysts say it also comprehensively beats the U.S. vehicle on specs and performance.Xiaomi says it secured 289,000 orders in the car’s first hour on sale.That was more than three times the level its first car model last year - the SU7 sedan - and almost triple market expectations.Analysts say Tesla’s Model Y will probably lose market share in China as a result.That would rub salt in the wound for the U.S. firm, which has been steadily losing ground to Chinese rivals.Its share of the EV market there has fallen from 15% in 2020, to about half that level over the first few months of this year.Xiaomi’s SU7, for one, has outsold Tesla’s competing Model 3 every month since December.Analysts at Citi say Elon Musk’s company may have no choice but to cut prices in response.They say it may also have to offer its so-called “Full Self Driving” system for free, instead of as a charged option.Tesla didn’t respond to a request for comment on its plans.Xiaomi shares shot 8% higher on Friday’s news, hitting a record high.Though they later pared some of those gains, the stock has still more than tripled over the past year.That values the firm - until recently better known for its smartphones - at nearly $200 billion.

Source: Yahoo

6/27/2025

Since the stock market bottomed out on April 7, we’ve seen most (though not all) of the biggest tech stocks rocket higher. What’s behind the resumption of the Big Tech trade? Read more here.

Source: SeekingAlpha

6/27/2025

Tesla CEO Elon Musk fired the carmaker's vice president of manufacturing and operations following a falloff in auto sales in the nation's largest markets this year.Omead Afshar oversaw more than six...

Source: Finnhub

6/27/2025

A new sport-utility vehicle launched by Xiaomi has drawn a rush of first-day orders, signaling the arrival of what analysts say might be a “Tesla killer.” Preorders for Chinese consumer electronics giant Xiaomi’s YU7, unveiled Thursday, hit 200,000 units in the first three minutes of sales, and 289,000 in the first hour, the company said. At the launch, Xiaomi founder Lei Jun compared the YU7 to Tesla’s Model Y, pointing out that it was about $1,395 cheaper.

Source: Yahoo

6/27/2025

Source: SeekingAlpha

6/27/2025

SHANGHAI (Reuters) -Xiaomi won more orders than expected for its new YU7 electric sports utility vehicle in the first hours after it went on sale, sending the company's shares up 8% to an all-time high. The Chinese EV and smartphone maker on Thursday priced its new electric YU7 SUV from 253,500 yuan ($35,364), almost 4% below Tesla's Model Y. The YU7 received 289,000 orders in the first hour on sale, Xiaomi said.

Source: Yahoo

6/27/2025

June 27 - The following are the top stories inthe Wall Street Journal. Reuters has not verified these storiesand does not vouch for their accuracy. - United States...

Source: Finnhub

6/27/2025

Circle Internet Group (CRCL) has quickly become the third most actively traded U.S. stock, an unusual feat for a company with a $60 billion market cap and an IPO less than a month old. In the last trading session, the stock notched up over 1 million shares in trading volume compared to an average daily volume of ~45k. In recent days, the stock rose from ~$210 to almost $300 per share before paring gains and now trading around $222. While such intense volume draws attention, it also raises questi

Source: Yahoo

6/27/2025

BYD Company (BYDDF) may now be the world’s top-selling EV maker, but it remains underappreciated by Western investors. According to Main Street data, BYD has delivered over 4 million vehicles in 2024. While building out a strong battery and charging ecosystem, and a vertically integrated, tech-driven business model, BYD is far more than a regional Tesla rival. Its global expansion and innovation pipeline support a bullish long-term view—I’m assigning a Buy rating. Evaluating the Chinese EV Giant

Source: Yahoo

6/26/2025

The Touchstone Sands Capital Select Growth Fund (Class A) outperformed its benchmark Index for Q1 ended March 31, 2025. Click here to read the full commentary.

Source: SeekingAlpha

6/26/2025

Source: SeekingAlpha

6/26/2025

Exceptionally stronginitial orders for Xiaomi's YU7 electric sport utilityvehicle sent shares in the automotive newcomer to a record highon Friday and fanned speculation that Tesla may have tocut...

Source: Finnhub

6/26/2025

The YU7 received over 200,000 orders within three minutes of launch.

Source: Yahoo

6/26/2025

Nvidia (NVDA) notched another record close as investor enthusiasm around artificial intelligence (AI) continues to grow. Dave Mazza, CEO of Roundhill Investments, joins Asking for a Trend to break down Nvidia’s momentum and why his new ETF is betting on humanoid robots as the next wave of AI innovation. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

Source: Yahoo

6/26/2025

Leadership shakeup comes amid Cybertruck struggles, declining deliveries, and rising pressure from Chinese rivals

Source: Yahoo

6/26/2025

Omead Afshar, who had just been promoted to the role last year, has left Elon Musk’s electric vehicle maker, according to multiple reports.

Source: Yahoo

6/26/2025

The departure of Afshar, who oversaw sales and manufacturing in North America and Europe, comes as Tesla struggles with declining global sales.

Source: Yahoo

6/26/2025

DitchIt Detonates Iconic Twitter Sign Twitter Bird Iconic sign detonated SAN FRANCISCO, June 26, 2025 (GLOBE NEWSWIRE) -- In a dramatic move that captured the spirit of Silicon Valley disruption, Ditchit — the emerging online marketplace and OfferUp competitor — made headlines by acquiring and detonating the original 560-pound Twitter bird sign once perched atop Twitter’s San Francisco headquarters. Filmed in the Nevada desert, the explosive sendoff featured a 15-person production crew, four Tes

Source: Yahoo

6/26/2025

Nvidia extends gains after shares of the AI chip maker close at a record high, while Micron falls even as earnings handily beat analysts’ estimates.

Source: Yahoo