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Photo of the week: Teslas leave Austin by train out of the RCR Taylor Logistics Park
Photo of the week: Teslas leave Austin by train out of the RCR Taylor Logistics Park

Business Journals

timea day ago

  • Automotive
  • Business Journals

Photo of the week: Teslas leave Austin by train out of the RCR Taylor Logistics Park

Hundreds of Teslas can be spotted at any given time at the RCR Taylor Logistics Park, sandwiched between Samsung's new factory in Taylor and the Hutto Megasite, about 30 miles north of the Tesla gigafactory. The electric vehicle manufacturer for years has used the auto ramp there — one of the few private options in the country — to ship its finished models by rail. At the end of this report, check out ABJ's list of the largest industrial parks in the region.

Bengaluru auto driver with two master's and IAS dreams turns 15-minute ride into a life masterclass. Leaves the internet speechless
Bengaluru auto driver with two master's and IAS dreams turns 15-minute ride into a life masterclass. Leaves the internet speechless

Time of India

time2 days ago

  • Automotive
  • Time of India

Bengaluru auto driver with two master's and IAS dreams turns 15-minute ride into a life masterclass. Leaves the internet speechless

In the tech capital of India, where dreams often ride Teslas and tech jargons rule conversations, an unexpected guru is capturing hearts—not from a podium, but from the driver's seat of an auto-rickshaw. A short 15-minute ride has sparked a long-lasting impact, thanks to a now-viral video shared by Hyderabad-based content creator Abhinav Maylavarapu. The clip, which is steadily making rounds across Instagram and beyond, features a Bengaluru auto driver whose words have touched something deep within viewers. Not because of theatrics or drama—but because of wisdom rooted in lived experience. Explore courses from Top Institutes in Select a Course Category Data Science others MCA Digital Marketing MBA Operations Management Product Management Design Thinking Management Healthcare PGDM Finance CXO Data Science Artificial Intelligence Public Policy Degree Cybersecurity Data Analytics Others Project Management Leadership Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details 'The Most Memorable 15 Minutes of My Life' What began as a casual ride back from D-Mart turned into what Abhinav calls 'the most memorable moments' of his life. In the video, the driver throws an intriguing challenge: 'Give me the full form of COMPUTER, and your ride is free.' Amused and intrigued, the riders try and fail. With confident clarity, the driver replies, 'Commonly Operated Machine Purposely Used for Trade, Education and Research.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dolly Parton, 79, Takes off Her Makeup and Leaves Us Without Words The Noodle Box Undo But it wasn't just this quirky quiz that stunned them. It was what followed. 'Learning makes you earning, earning won't make you learning,' he said—a sentence that might as well be etched into the hearts of thousands watching the video. You Might Also Like: Bengaluru start-up founder explains how some middle-class people are silently building big wealth, without you even noticing Degrees, Dreams, and Detours The driver then unfolded his life story with the fluency of a seasoned speaker. A double MA holder in English and Political Science, he once aspired to be an IAS officer. But life, as it often does, had different plans. 'Suddenly, they arranged my marriage. I had children. I couldn't continue studying,' he shared with a calm that belied the weight of those words. He's worked in MNCs, speaks seven languages—English, Hindi, Kannada, Telugu, Urdu, Tamil, and Malayalam—and delivers linguistic charm with a sense of pride. 'People say I speak Urdu just like our Muslim brothers,' he said, his eyes reflecting both empathy and humour. Despite the corporate stints and missed dreams, he finds peace in his present. 'They pay in bulk, but they also suck you dry in bulk,' he quipped about the corporate world, his smile unwavering. The Internet Reacts: "Don't Judge a Book by Its Cover" The response online has been nothing short of overwhelming. One user wrote, 'Man he is outstanding 👏 Hope he is satisfied with what he is doing now.' Another added, 'Such amazing uncle 🔥.' A third chimed in, 'The best example for 'Expect the Unexpected.'' The video also drew praise for its keen observation. 'Wowww… bro, what a great observational video 👏👏👏 … Gems everywhere—it takes time and situation to find those,' read another comment. One summed it up perfectly: 'Best example of don't judge the book by its cover.' You Might Also Like: Bengaluru man, born and raised in the city, thinks living in India's Silicon Valley has become 'irritable' Abhinav concluded the video with a reflection that captured the sentiment of thousands: 'In just 15 minutes, we met someone who knows seven languages, holds two postgraduate degrees, once aimed to become an IAS officer… someone who shares life philosophies better than any textbook.'

China has the US over a barrel in the rare earths market — Trump is fighting back
China has the US over a barrel in the rare earths market — Trump is fighting back

The Hill

time2 days ago

  • Business
  • The Hill

China has the US over a barrel in the rare earths market — Trump is fighting back

While the media focus obsessively on the future of Fed Chairman Jay Powell, they all but ignore a major breakthrough engineered by the Trump administration that will ultimately reset our relations with China and free the U.S. from Beijing's blackmail. The Biden presidency was pockmarked by sporadic kowtowing to China, as when he allowed a spy balloon to sail unimpeded over U.S. military installations; dismantled President Trump's 'China Initiative,' meant to counter Beijing's espionage and intellectual property theft in U.S.; and failed to impose secondary sanctions on the country most enabling Russia's war against Ukraine. Why was Biden's White House so timid? Some speculated that the Biden family was worried China might reveal unsavory secrets about their business activities in the country. Perhaps, but they also knew that Beijing held U.S. national security in a death grip. At any moment, the Chinese Communist Party could withhold critical rare earths from our defense and electronics industries. Without the essential magnets produced by those elements, U.S. production of missile guidance systems, semiconductors and more pedestrian products like MRI scanners, cellphones and Teslas grinds to a halt. Fast-forward to Trump moving to punish China for its illegal trade practices and President Xi Jinping playing his get-out-of-jail-free card, countering Trump's damaging tariffs by blocking exports of seven medium and heavy rare earth elements. The move caused the U.S. to stand down, but it also alerted the nation once again that Beijing's smart and dogged effort to corner the world's supply of rare earths has given China a potent weapon. It isn't the first time China has used its dominance of rare earths strategically. In 2010, China retaliated against Japan in a fishing dispute by cutting off rare earths. Trump is, appropriately, moving to free the U.S. from this dangerous noose. It is not the actual minerals that are in short supply; rare earths are everywhere, including in the U.S., though often found in small quantities that makes extraction costly. China, on the other hand, accounts for 60-70 percent of global rare earth production, and more than 90 percent of heavy rare earths. It has achieved that dominance by its usual practice of flooding the market, undercutting rival mining outfits on price and driving competitors out of business. China has also staked out a commanding position in rare-earths refining. China accounts for 85-90 percent of rare earths processing, earned the old-fashioned way — by sacrificing its environment. The sifting out of particular elements from mined ore is nasty work, resulting in considerable toxic waste. China, never afraid of despoiling its lakes and rivers, chose to place strategic goals ahead of pollution concerns. Most western nations, including the U.S., would not make such a choice. Keith Bradsher, Beijing bureau chief for The New York Times, recently described the environmental desecration of lands and lakes surrounding processing facilities in China where 'toxic sludge from rare earth processing has been dumped into a four-square-mile artificial lake' and 'rare earth mines have poisoned dozens of once-green valleys and left hillsides stripped to barren red clay.' Not only have the mining and processing efforts sickened local populations, they have contaminated water sources and poisoned livestock. According to Bradsher, public outcry has inspired some clean-up efforts, but protests also resulted in harsh censorship. Mention of some of the worst environmental problems caused by the industry is nowhere to be found. China paid a high price to capture leadership in rare earths mining and processing, but in the April trade battle, that dominance paid off. Faced with the possibility of industrial mayhem, Trump backed off his most aggressive tariff threats. But then he also set out to solve this problem. One upshot is an unusual deal in which the Department of Defense will invest $400 million in a once-defunct mining company now called MP Materials in return for a 15 percent equity stake. In addition to the capital infusion, the Trump government is committing to buy MP's output for the next 10 years at double today's prevailing price. According to the Financial Times, Mountain Pass, the predecessor firm to MP Materials, was 'the world's largest producer of rare earths in the 1970s and 80s.' China's aggressive tactics drove prices lower and shut down its operation in 2002, but our government's price supports should counter Beijing's tactics. MP is not the only company scrambling to claw back America's participation in rare earth mining. Ramaco Resources recently opened a new coal mine in Wyoming, the first new U.S. mine in 70 years. The CEO claims the company will, in addition to coal, produce over 10 percent of U.S. demand for six of the 17 minerals that constitute 'rare earths.' Ramaco claims its reserves of some 'heavy earths' are sufficient to supply U.S. demand for more than 100 years. These measures, even backed by a supportive government, are still inadequate. These mines will still rely heavily on China to process their ore. That stranglehold must also be broken. Several projects are underway to do just that. MP has over the past year built out refining and separation plants that have apparently cracked the code on environmentally acceptable production, but output remains small — less than 1 percent of China's total. MP's prospects received some validation in recent days, when Apple agreed to buy $500 million of 'American-made' rare earth magnets from MP over the next four years. Other companies, like Lynas USA, have entered the race, but they, too, remain small. The U.S. and other countries will have to replicate China's processing capabilities to dismantle one of Beijing's most powerful strategic weapons. That will require an all-out effort to provide cleaner processing techniques and possibly price supports. Some have suggested, in addition, stockpiling a strategic reserve, as we have done with petroleum. That seems smart — like oil, rare earths are critical to our economy. The Trump White House has made a good start, but the hard work has just begun. Liz Peek is a former partner of major bracket Wall Street firm Wertheim and Company.

How to trade Tesla using options ahead of a potential earnings miss
How to trade Tesla using options ahead of a potential earnings miss

CNBC

time3 days ago

  • Automotive
  • CNBC

How to trade Tesla using options ahead of a potential earnings miss

Tesla is scheduled to announce its second-quarter earnings on July 23. Several factors suggest the company may report weaker-than-expected results. These include declining vehicle deliveries, shrinking profit margins, intensified competition and pressure related to Elon Musk's public image and political activities. Recent data has shown slowing vehicle deliveries. In Q2 2025, Tesla delivered 384,122 vehicles, a 13.5% year-over-year decrease from 443,000 in Q2 2024, marking the largest annual drop in the company's history. Although this figure was slightly better than some bearish estimates, it fell short of the consensus expectation of approximately 385,000 vehicles. The decline is attributed to weakened demand, particularly in Europe and China, where Tesla's market share has eroded. In China, Tesla's EV market share dropped to 7.6% in the first five months of 2025, down from 10% in 2024, partly due to competition from companies like BYD and Xiaomi. Chinese leadership, which, given the way things operate in that country, might view close ties between corporate and political leadership favorably, might not be too impressed by the apparent falling out between Elon and President Trump, as Musk decried the failure of DC to reduce the Federal budget deficit in the so-called "Big Beautiful Bill." In Europe, sales have also been weak, possibly hampered by limited changes to the lineup and increasing competition. Analysts forecast Q2 revenues of $22.6–$22.8 billion, down approximately 11% from $25.5 billion in Q2 2024. The auto industry is, after all, a cyclical business. Tesla's automotive gross margins are also under pressure, projected to fall to 15–16.44% in Q2 2025, compared to 18.3% in Q2 2024. This decline is driven by price cuts implemented to stimulate demand, which have reduced the average selling price per vehicle. This is not unique to Tesla; price cuts and incentives have been increasing to clear inventory for other makes as well, but all of this provides evidence of a weakening car market. Additionally, Tesla's production outpaced deliveries, leading to some inventory buildup and potential further discounting, eroding profitability. On top of all of that, the elimination of federal electric vehicle tax credits in the U.S. reduces the meaningful pricing advantage EVs had over conventional ICE vehicles. That combined with Elon Musk's polarizing public image and political involvement negatively impacting Tesla's brand, I've previously mentioned that many Teslas I see now sport bumper stickers disavowing Musk, backlash likely most pronounced on the political left — who were (seemingly) among EV early adopters. These issues aren't necessarily unprecedented in the auto industry. The industry is a cyclical one, and individual automakers have faced significant fallout from missteps in the past and subsequently recovered. Tesla may as well, but it does not trade at an industry multiple. For several reasons, Tesla has consistently enjoyed the kind of multiples typically assigned to growing tech companies, rather than those in the consumer discretionary and industrials sectors. Legacy automakers like Ford and General Motors have languished with single-digit PE ratios for years. Having the "E" fall is bad enough, but if multiple investors are willing to pay for those earnings, the fall will be even worse. Let's just say a lot is riding on the robotaxi. I remain a fan of Tesla products, and Elon Musk is doing what he truly believes is for the greater good. That said, taking a political stance means taking a risk, and some shareholders may not have factored that into their calculus when determining an appropriate multiple to assign to the company. The trade Investors concerned about these factors may want to consider hedging their exposure into earnings in the event that Q2 earnings may be harder hit by consumer weakness and changing preferences than even the lower estimates account for. Heading into next week's earnings report, here's how I would trade Tesla through options to capture a potential negative surprise: Sell 1 Aug. 22 $300 put Buy 1 Aug. 22 $315 put DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.

Used Tesla prices are tumbling as incentives near the end of the road
Used Tesla prices are tumbling as incentives near the end of the road

Yahoo

time3 days ago

  • Automotive
  • Yahoo

Used Tesla prices are tumbling as incentives near the end of the road

The price of used EVs continues to decline. The Tesla Models S and X both saw drops of more than 15% from June 2024 to June 2025. On the whole, the EV category saw prices fall 4.8% year over year. Tesla's not only facing challenges with its new cars, its used options are losing their value at a rapid clip as well. The latest numbers from iSeeCars, which tracks used car prices, found the electric-vehicle category has seen prices fall 4.8% year over year, while internal combustion cars and trucks have gotten 5.2% more expensive. Of all EVs, Teslas have seen the steepest declines, perhaps due to the brand's struggles that have come with Elon Musk's increasingly divisive public stance on political and governmental issues. Declining interest in EVs overall is also to blame. A Tesla Model S in June was worth $8,768 less than it was in June of 2024. That's a 15.8% drop. The Model X didn't fare much better, with its value dropping $9,544 (or 15.5%). The Model Y saw the third biggest decline, falling 13.6% ($4,637). Used EV market share growth plummeted to just 14.2% in the past year, iSeeCars reports, which is down from a growth rate of 98% in 2024. While prices are falling, people are getting rid of their EVs at a faster pace, too, with supply increasing. All of the price drops come before the $4,000 incentive for buying a used EV comes to an end on Sept. 30. The loss of that discount could push prices considerably lower. 'Electric vehicles have a role to play in the new and used car market,' said iSeeCars Executive Analyst Karl Brauer, 'but that role won't be at the level many government and private EV proponents have been touting for years. Everything from market share to pricing suggests EV demand has peaked and will likely decline in the coming years.' This story was originally featured on

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