A German business magazine reported that Volkswagen CEO Herbert Diess is interested in acquiring a stake in the electric car maker, but Volkswagen said the report is inaccurate.
An economic downturn could test whether consumers view ride hailing as a luxury or a necessity, and slow both companies' drives to profitability.
Alliance Bernstein's Toni Sacconaghi highlighted a worrisome sales trend in a note on Tuesday evening.
The chipmaker's GAAP earnings - off 11% - and the adjusted number both beat forecasts as chip demand related to 5G and electric vehicles strengthened. The macro environment remains `challenging.'
Nvidia's second-quarter profits were well below its year-ago earnings but were nicely ahead of analyst expectations.
Another Tesla with the company's autopilot feature enabled, this time a Model 3, crashes into a parked tow truck in Moscow on Saturday, re-igniting concerns over the safety and reliability of the electric car company's self-driving software.
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