Trump admin criticizes Europe's digital regulations, forges deal with UAE for Nvidia chips, Schumer warns of China's benefit, Black bullish on Tesla and Uber, Uber partners with Turo, Black shares thoughts on Pony AI, Tesla touts FSD ahead of Robotaxi launch, CATL to raise $4B, Cisco beats earnings and revenue.
Hesai Group, a Chinese lidar sensor maker, has discreetly filed for an IPO in Hong Kong. The stock is trading higher and has seen a 58% surge in the last 30 days.
Baidu plans to test its Apollo Go robotaxi service in Switzerland, expanding internationally amid fierce competition, even as strict European regulations pose delays.
Top mid-cap performers in last week: Pony AI Inc. (+72.4%), Dave Inc. (+59.68%), Sezzle Inc. (+56.29%), Coeur Mining Inc. (+57.65%), D-Wave Quantum Inc. (+40.20%), Lyft Inc. (+31.62%), Oscar Health Inc. (+29.62%), Bitdeer Technologies Group (+28.71%), Sunrun Inc. (+28.67%).
Uber Technologies Inc. shares are slightly higher Tuesday following a series of partnership announcements that signal a deeper push into autonomous vehicle deployment and retail delivery expansion.
Under the terms of the partnership, Pony AI’s robotaxis will be deployed on the Uber platform, starting with a market in the Middle East later this year.
