View Photos of the Koenigsegg Sadair's Spear
Koenigsegg continues to push the boundaries of how aggressive a road-legal car can be. The Sadair's Spear is its newest example of that, and builds on the outline put forward by the Jesko Attack.
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Yahoo
an hour ago
- Yahoo
STRADVISION Wins 2025 AI Breakthrough Award for SVNet
- Recognized Among Global AI Leaders for Innovation in Automotive Perception Software SEOUL, South Korea, June 25, 2025 /PRNewswire/ -- STRADVISION, a trailblazer in AI-driven perception technology for the automotive industry, today announced that its flagship software product, SVNet, was honored as a winner in the 2025 AI Breakthrough Awards. This distinguished accolade places STRADVISION alongside global innovators such as NVIDIA, Meta, Microsoft, Qualcomm, and UiPath, affirming its position as a top-tier innovator in artificial intelligence. Now in its 8th year, the AI Breakthrough Awards are part of Tech Breakthrough, a leading market intelligence and recognition platform that highlights the most innovative companies and technologies across today's most competitive tech sectors, including AI, FinTech, Cybersecurity, Digital Health, and more. With over 5,000 nominations received from around the world, the 2025 program marked a record-setting level of competition. SVNet is a lightweight yet powerful deep learning-based perception software that enables real-time object detection and classification, optimized to run on low-power automotive processors. Engineered for seamless integration into large-scale production vehicles, SVNet meets the rigorous performance standards required for both Advanced Driver Assistance Systems (ADAS) and autonomous driving systems. This latest recognition follows STRADVISION's continued global growth and expanding partnerships with leading OEMs and Tier-1 suppliers. The award further validates STRADVISION's leadership in AI innovation, as the company continues to deliver scalable, production-ready software that is shaping the future of intelligent transportation. "We're honored to be recognized as a 2025 AI Breakthrough Award winner," said Philip Vidal, CBO of STRADVISION. "This award highlights the transformative impact of our AI perception solutions in advancing vehicle safety and autonomy. It's a testament to the talent and dedication of our global team, and a proud milestone on our journey to redefine automotive intelligence." For more information on STRADVISION and its cutting-edge technologies, please visit STRADVISION. About STRADVISION Founded in 2014, STRADVISION is an automotive industry pioneer in artificial intelligence-based vision perception technology for ADAS. The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. STRADVISION's SVNet is being deployed on various vehicle models in partnership with OEMs; can power ADAS and autonomous vehicles worldwide; and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, and Dusseldorf. STRADVISION has been honored with Frost & Sullivan's 2022 Global Technology Innovation Leadership Award, the Gold Award at the 2022 and 2021 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (software category). In addition, STRADVISION and its software have achieved TISAX's AL3 standard for information security management, as well as being certified to the ISO 9001:2015 for Quality Management Systems and ISO 26262 for Automotive Functional Safety. View original content to download multimedia: SOURCE StradVision
Yahoo
2 hours ago
- Yahoo
What's next for Tesla as its European demand evaporates
Tesla (TSLA) stock slides after data showed that the company's European sales dropped nearly 28% in May, even as overall electric vehicle (EV) demand in the region rose. Yahoo Finance Senior Reporter Pras Subramanian joins Asking for a Trend host Josh Lipton and Fundstrat Global Advisors managing director and global head of technical strategy Mark Newton to discuss what's behind Tesla's slump and how the stock might move going forward. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Tesla shares went downhill today as more negative data emerges in its core auto business. Yahoo finances price of Meranian joins us now with more prize. Tesla European sales down for the ACA uh trade group in May to about 13,800 units. That's down 27.9% compared to a year ago. Meanwhile, overall sales in the region were up 25% in Europe. And this despite the new Model Y being available. So, what's going on here, Josh? It's kind of more of the same that we've been talking about. There's the must factor, the must factor alienating buyers with his support of far right-wing figures. And of course, there's better competition from Chinese makes like BYD, SAIC, as well as Volkswagen, right, the legacy automakers. So, same story in Europe, demand evaporating. Big question is, will it ever recover? Prize with the headlines. Let's bring back in our expert contributor, now Fundstrat Global Advisors, Mark Newton to discuss some recent moves with Tesla. You look at the technicals on this one, Mark, what do you see? It's encouraging. The stock's been up 15% over the last three months. I mean, obviously it's had a tough first half of the year. Always discouraging when a stock becomes uh more political, but honestly, you know, Tesla's back half of the year is shaping up to be very, very good. I mean, they had a great first weekend with this uh robo taxi rollout. We know that the combination of both FSD and self-autonomous both could account for potentially a trillion dollars in the next five years. Uh and a lot of that is not being shown right now in the current data. So it is sort of a show me stock. Elon always over promises and to some extent has under delivered, but yet uh the stock is is something that is very promising for me. Uh I like the stock a lot. I think getting back above 349 would put it back towards uh new all-time highs. And so I I'm uh, you know, bullish. My cycle projections show the stock continuing to rise in the back half of the year, much different than the first part of the year. So I like it. Prize, let me ask you just back to fundamentals there. When you think about competition for Tesla in Europe, where is that primarily coming from, Prize? I mean, is it China, domestic, you know, European players, both? Yeah, you know, you saw you see some upside uh some upside sales here for for BMW, right? And also, Volkswagen, I mentioned a lot of new smaller models coming out that are playing in spaces that Tesla isn't operating. Same with the Chinese auto makers, they're not operating that that that that sort of cheaper market, the sub 25,000, 30,000 euro market where those other players are operating. Now we Tesla's long been saying that they are going to come out with this cheaper EV. Uh they've been saying that now for the past year. We haven't seen it yet. We're all kind of anxiously waiting to see what it is. What is it? Is going to be a smaller car? Is it going to be like a D content Model Y? We'll see, but what Mark was saying is absolutely right because uh tell about technicals too. The stock is totally divorced from fundamentals, right? We talk about poor European sales, stock down a bit, but it's been up a lot recently. Uh the stock is a momentum stock, right, Mark? And I think that uh as you see in second half of the year, seasonality seasonality wise, that stock tends to do better. Yeah, absolutely right. Look, you look at the first part of the year, a lot of these sales are from time when when Elon was still affiliated with administration. And so it might not account for the current day. It's more of what happened in in recent history. And I think that sentiment uh should start to change in my view going forward. All right, thank you, Prize. And a big thank you, of course to Mark Newton for hanging us with this this afternoon. Some final thoughts, Mark. Nasdaq 100 at new all-time highs. I think Nvidia at new time highs. Uh S&P will get there sooner than later at a time when breadth is slowly but surely starting to expand. That's a good sign at a time when the economy seems to be working, earnings are good, and geopolitical risks are easing. So, investors don't seem to be all in on stocks by a long shot. People are still concerned for the right reasons. That's generally a time you still want to stick with the trend with markets at new highs. Not so much a technical question for you, but a question for a guy who's watched the markets for a long time. You go back to early April to liberation day, right? Sky is falling, run for the hills. What do you just make of the move here? Are you surprised by how fast and hard we've come back? I look at sentiment, I look at cycles. I think they're more important for me in determining where prices can go rather than Fed speak or earnings or any of those. So, you know, there was classic signs of capitulation that happened at the April lows. Um and I put out a report actually in April that said stocks are close to bottoming. I I am surprised of course that we're back at new all-time highs. You can see a bounce, but the fact that tech carried through as quickly as it did uh very, very encouraging. For my great great grandfather, Isaac Newton, you don't ever want to fight trends. Never things that are accelerating cannot be moved without sufficient force. So, like technically, things are in great shape and and sentiment has been a key reason why investors want to stick on board and and try to divorce themselves from what's happening in the world and just concentrate on their portfolios. When you call that bottom, did you get any push back from clients on that? Uh I got a lot of pushback, of course. I mean, I think that people uh think you're you're crazy when when we see markets selling off to the extent they did specifically in late March. I happen to be in in Latin America and so trying to write reports while being in Medellin and and Lima, it's not fun to have to go back and address the volatility and people look at you a little funny. So, uh happy that things worked out and and you know, it's encouraging to see both Tom Lee and myself have been, you know, optimistic and and saw reasons as to why stocks should have bottomed and pushed higher. Uh and still reasons for optimism, you know, I think in in the back half of this year, even if we get a bumpy fall. So, um happy for the recovery. Mark, great to have you on Saturday. Thank you, sir. Good to have you. Thank you. Great to be here. Thanks. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
What's next for Tesla as its European demand evaporates
Tesla (TSLA) stock slides after data showed that the company's European sales dropped nearly 28% in May, even as overall electric vehicle (EV) demand in the region rose. Yahoo Finance Senior Reporter Pras Subramanian joins Asking for a Trend host Josh Lipton and Fundstrat Global Advisors managing director and global head of technical strategy Mark Newton to discuss what's behind Tesla's slump and how the stock might move going forward. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
