The Importance of China's Lithium Capital
Thanks for reading Hyperdrive, Bloomberg's newsletter on the future of the auto world. Read today's featured story in full online here.
Few spots in the world carry as much significance for the world's electric-vehicle supply chains as the mountains around the Chinese city of Yichun.
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Yahoo
16 minutes ago
- Yahoo
Analysts Look to Tesla's Robotaxi Launch After Stock Hit From Musk-Trump Spat
Tesla is expected to launch its autonomous ride hailing service later this month, perhaps as soon as this week. The company has yet to confirm or deny a report from Bloomberg that it is targeting a June 12 launch for the robotaxi. The EV maker's stock could use a lift after a week marked by a spat between CEO Elon Musk and President (TSLA) is expected to launch its robotaxi service in Austin, Texas, as soon as this week, with the electric vehicle maker's stock in need of a lift after a week marked by political strife between CEO Elon Musk and President Trump. The stock rebounded nearly 4% to close just above $295 Friday, after tumbling 14% on Thursday. They've lost roughly one-quarter of their value since the start of the year. Tesla bulls believe a robotaxi program could drive substantial upside in the company's stock. Bloomberg last month reported that Tesla was targeting a June 12 launch, citing a person familiar with the matter, adding that the date could change. The company has not confirmed that date, and Tesla did not respond to Investopedia's request for comment in time for publication. Musk said in last month's earnings call and a May 20 interview with CNBC that the company was still on track to launch the program by the end of the month. The start of the program, Musk told CNBC, will likely be about 10 Model Y vehicles operating autonomously, with the company later expanding to more vehicles and cities. Tesla owners will eventually be able to add their vehicle to the available fleet of Teslas to rent for a ride, Musk has said, which could help Tesla scale the project before the Cybercab goes into production next year. Oppenheimer analysts recently wrote that the company's ability to get its software to drive fully autonomously with its current suite of cameras could be "key to its technology leadership and stock performance," but added they believe it might take at least one or two more hardware and software updates before Tesla can deliver reliable autonomous performance. More bullish analysts, like Wedbush's Dan Ives, have said they think successful autonomous driving software will be the start of technology that will eventually add $1 trillion in value to the company. Overall, analysts are somewhat divided on Tesla's stock, with 10 of the brokers tracked by Visible Alpha giving the stock a "buy" rating, with four "hold" and four "sell" ratings. Their average price target is about $304, slightly above Friday's closing level, but their price targets range from as low as $120 to as high as $500. Read the original article on Investopedia
Associated Press
21 minutes ago
- Associated Press
leagend T31 Sets New Standard for Affordable and Accurate OBD II Diagnostics
leagend, a global leader in automotive diagnostics, proudly introduces leagend T31 of its comprehensive OBD II Diagnostic Tools product line. 'Designed for professional technicians and DIY enthusiasts, leagend T31 offers a user-friendly interface and robust diagnostic capabilities, making vehicle maintenance more accessible and efficient.'— Arthur Kingsly SHENZHEN, GUANGDONG, CHINA, June 7, 2025 / / -- leagend, a global leader in automotive diagnostics, proudly introduces leagend T31 of its comprehensive OBD II Diagnostic Tools product line. Designed for both professional technicians and DIY enthusiasts, leagend T31 offers a user-friendly interface and robust diagnostic capabilities, making vehicle maintenance more accessible and efficient. Dual-System Diagnostics for Comprehensive Analysis leagend T31 stands out with its ability to perform dual-system inspections, covering both engine and transmission systems. This feature enables users to conduct thorough diagnostics, ensuring that both critical components are functioning optimally. The tool's intuitive LED indicators—green, yellow, and red—provide immediate visual feedback on engine status, facilitating quick assessments and decision-making. Real-Time Data and Extensive ECU Parameter Support Equipped with dynamic data flow display capabilities, leagend T31 supports real-time monitoring of up to 249 ECU operating parameters. This extensive coverage allows users to observe live data streams, aiding in the identification of irregularities and performance issues. Additionally, leagend T31 can display freeze-frame data and I/M status information, offering a snapshot of the vehicle's condition at the time a fault code was triggered. Efficient Trouble Code Management leagend T31 excels in reading and clearing engine trouble codes, providing definitions for Diagnostic Trouble Codes (DTCs) directly on its 128x64 monochrome screen. Users can effortlessly turn off the check engine indicator (MIL), clear codes, and reset the detector, streamlining the troubleshooting process. The device also retrieves essential vehicle information, including the Vehicle Identification Number (VIN), Calibration Identification Numbers (CIDs), and Calibration Verification Numbers (CVNs), ensuring comprehensive diagnostics. Multilingual Support and Broad Compatibility Understanding the global nature of automotive diagnostics, leagend T31 offers multilingual support, including English, German, Spanish, French, Italian, Polish, Finnish, Dutch, Russian, and Portuguese. This feature ensures that users worldwide can operate the device with ease. leagend T31 is compatible with all OBD II/EOBD-compliant cars, SUVs, and light trucks, supporting protocols such as CAN, VPW, PWM, ISO9141, and KWP2000. Durable Design for Varied Environments Built to withstand diverse working conditions, leagend T31 operates effectively within a voltage range of 9V to 16V and a temperature range of -20°C to 70°C (-4°F to 158°F). Its compact design and durable construction make it a reliable tool for both workshop environments and on-the-go diagnostics. Part of leagend's Expansive OBD II Diagnostic Tools Lineup The leagend T31 is a significant addition to leagend's extensive OBD II Diagnostic Tools lineup, which includes advanced devices like leagend BA670 —a combined OBD II scanner and battery tester—and Bluetooth-enabled code readers such as leagend ELM327. This diverse product range reflects leagend's commitment to providing solutions that cater to various diagnostic needs, from basic code reading to comprehensive vehicle health analysis. leagend is a technology-oriented and product-oriented manufacturer, and has been leading the global market for over 20 years based on its robust abilities of innovation, R&D and manufacturing since its establishment in 2005. Its OBD II diagnostic tools have been playing irreplaceable positions and are highly praised in the global markets, which makes leagend a top manufacturer of OBD II diagnostic tools with its robust technology and innovation powers. Besides its OBD II diagnostic tools, leagend is also a well-known and well-trusted manufacturer for its battery testers which are taken as the highest precision battery testers in the industry, its battery monitors which are highly praised as the lowest power consumption battery monitors among the international markets and its intelligent 8-step battery chargers. For more information, visit leagend Official Website. Arthur Kingsly SHENZHEN LEAGEND OPTOELECTRONICS CO., LTD. +86 755 8282 1859 [email protected] Visit us on social media: LinkedIn Facebook X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Bloomberg
25 minutes ago
- Bloomberg
China Leaders Take Reins at TikTok Shop in US as Sales Miss Goal
ByteDance Ltd., TikTok's parent company, has been replacing US-hired staff near Seattle with leaders connected to China, aiming to replicate its e-commerce success in Asia after sales fell short in America. TikTok Shop initially set a goal to increase its US e-commerce business tenfold last year to $17.5 billion in transaction volume, but the company had to drastically lower that goal, according to people familiar with the plan who spoke on condition of anonymity because they were not authorized to talk publicly.
