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Chinaamc NASDAQ 100 ETF(QDII)
513300.SH
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Tesla Shareholders Reject Proposed Investment in xAI

Tesla shareholders have rejected a proposal for a $5 billion investment in Elon Musk's AI startup, xAI, despite over 1.06 billion votes in favor. The proposal failed due to 473 million abstentions counted as 'no' votes. Tesla's General Counsel indicated that the board would consider next steps, suggesting the idea may not be entirely off the table. Tesla and xAI maintain a close relationship, with shared technology and resource partnerships, and Musk's ongoing interest in integrating AI capabilities between the companies.

DriveTeslaCanada·
US
TSLA
-3.68%
US
TSDD
+7.52%
US
TSLL
-7.55%
DriveTeslaCanada·
US
TSLA
-3.68%
US
TSDD
+7.52%
US
TSLL
-7.55%

2 AI Stocks That Could Go Parabolic

Two AI stocks, Alphabet and Meta Platforms, are highlighted as potential bargains in the current market. Alphabet, trading at 27 times forward earnings, leads in internet search and is experiencing significant growth in both advertising and cloud revenue, driven by AI. Meta, the least expensive of the Magnificent Seven at 24 times forward earnings, is heavily investing in AI to enhance its advertising revenue across social media platforms. Both companies are positioned for future growth, making them attractive investment opportunities.

Motley Fool·
US
GOOG
-1.98%
US
GOOGL
-2.08%
US
META
+0.45%
Motley Fool·
US
GOOG
-1.98%
US
GOOGL
-2.08%
US
META
+0.45%

Tesla unveils longest-range Model Y in China

Tesla has launched the Model Y Long Range Rear-Wheel Drive Edition in China, priced at RMB 288,500. This SUV boasts a range of 821 kilometers on a single charge and features a 225 kW single-motor setup. Deliveries are expected within 2–4 weeks. The new model is aimed at boosting sales amid a challenging year, as Model Y sales fell by 13.27% from January to September, while Model 3 sales increased by 14.12%. Tesla is also offering financing options and customization credits to attract buyers.

DriveTeslaCanada·
US
TSLA
-3.68%
US
TSDD
+7.52%
US
TSLL
-7.55%
DriveTeslaCanada·
US
TSLA
-3.68%
US
TSDD
+7.52%
US
TSLL
-7.55%

Tesla adjusts Online Design Studio for easier trade-in process

Tesla has updated its Online Design Studio to streamline the trade-in process, allowing users to see trade-in estimates directly while configuring their vehicle. This change aims to provide a more accurate reflection of payment terms and will be available across the U.S. and Canada next week. Although Tesla's trade-in offers are generally fair, there have been complaints about undervaluation of vehicles. The new process will simplify the trade-in experience for customers, especially loyalty customers who may receive additional credits.

Teslarati·
US
TSLA
-3.68%
Teslarati·
US
TSLA
-3.68%

Key facts: Meta CEO's AI plans disappoint; shares drop 11% amid missed targets

Meta Platforms' CEO discussed plans for 'superintelligence' and capacity building, but the announcement disappointed investors, causing an 11% drop in shares, the largest in three years.1Meta Platforms' quarterly results missed expectations as investor interest in AI wanes, contrasting with stronger performances from competitors like Amazon and Alphabet.2Meta Platforms has effectively used AI to boost its ad platform's efficiency and user engagement, driving significant revenue growth in recent years.3

TradingView·
US
META
+0.45%
TradingView·
US
META
+0.45%