Latest news with #autonomousvehicles
Yahoo
7 hours ago
- Automotive
- Yahoo
Tesla (TSLA): Barclays Reiterates $275 Price Target, Calls Earnings Setup ‘Confusing'
Tesla, Inc. (NASDAQ:) is one of the AI Stocks on Wall Street's Radar. On July 17, Barclays reiterated the stock as 'Equal Weight with a $275 price target. The firm said it is 'confused' ahead of Tesla earnings next week. Barclays is of the view that Tesla could outperform despite having weak fundamentals, particularly the company's autonomous vehicle narrative. 'The set-up for Tesla into 2Q EPS is confusing – similar to 1Q. However, net net we see potential for the stock to outperform. On the one hand, Tesla faces questions on increasingly weaker fundamentals. While we expect 2Q auto margin ex credits to be improved q/q, it will likely remain depressed vs prior years. And amid a soft 1H on 2025 volume, Tesla now is on track for a meaningful volume decline in 2025 (we forecast down 10%). The fundamental set-up is a sharp contrast to the elevated hopes from late 2024: whereas '25 consensus EPS was over $3.20 into the beginning of the year, it is now down to $1.84. Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. 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
8 hours ago
- Automotive
- Yahoo
Tesla (TSLA): Barclays Reiterates $275 Price Target, Calls Earnings Setup ‘Confusing'
Tesla, Inc. (NASDAQ:) is one of the AI Stocks on Wall Street's Radar. On July 17, Barclays reiterated the stock as 'Equal Weight with a $275 price target. The firm said it is 'confused' ahead of Tesla earnings next week. Barclays is of the view that Tesla could outperform despite having weak fundamentals, particularly the company's autonomous vehicle narrative. 'The set-up for Tesla into 2Q EPS is confusing – similar to 1Q. However, net net we see potential for the stock to outperform. On the one hand, Tesla faces questions on increasingly weaker fundamentals. While we expect 2Q auto margin ex credits to be improved q/q, it will likely remain depressed vs prior years. And amid a soft 1H on 2025 volume, Tesla now is on track for a meaningful volume decline in 2025 (we forecast down 10%). The fundamental set-up is a sharp contrast to the elevated hopes from late 2024: whereas '25 consensus EPS was over $3.20 into the beginning of the year, it is now down to $1.84. Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
12 hours ago
- Automotive
- Yahoo
Uber drivers aren't worried about the company's driverless car plans. Who's going to handle tune-ups?
Uber's driverless car partnership with Lucid and Nuro isn't scaring gig workers. Ride-hailing drivers said that Uber will need to address the technology's limitations and costs. Uber is aiming to have autonomous vehicles in a US city in 2026. Uber drivers are waiting to see the company's future driverless cars successfully dodge potholes before they start looking for new jobs. On Thursday, Uber said it would invest $300 million in electric vehicle maker Lucid as part of a deal to put robotaxis on the roads of a major US city in 2026. Uber is also partnering with startup Nuro on the autonomous driving technology. The deal comes as competitors already have driverless cars on the streets. Waymo is ferrying riders around cities like Phoenix and San Francisco without a human behind the wheel. And Tesla launched its robotaxi service to a small group of users in Austin last month. Drivers who spoke to Business Insider on Thursday said that, despite the deal, the company likely faces big obstacles as it introduces self-driving cars, which should keep their jobs safe for now. One Uber driver in South Carolina told BI that he expects it to take several years before autonomous vehicles become common. "They're still going to use people," the driver said. CEO Dara Khosrowshahi said as much earlier this year. He said that Uber will likely use both human drivers and autonomous vehicles alongside each other over the next decade. On a Reddit forum for Uber drivers, some posters pointed to situations in which they believe the company will likely still need a human at the wheel, such as on bad roads or during inclement weather. "First thought is thank God self driving can't handle snow and potholles yet," one Reddit user wrote in the comments of a post about Uber's partnership with Lucid. Robotaxis could create new headaches for Uber A driver for Lyft and Uber in Texas pointed to another potential issue for the coming robotaxi rollout: Uber would likely need to manage the costs of owning and maintaining cars. Right now, drivers themselves bear many of those expenses, from monthly car lease payments to tune-ups, the Texas driver said. "I can see that's the future, but is that something that they're going to make as much money with as they think?" the driver said. Uber said in Thursday's release that the autonomous vehicles from Lucid "will be owned and operated by Uber or its third-party fleet partners." A company spokesperson declined to provide more details about how Uber will handle the costs of operating autonomous vehicles. The company said it plans to have at least 20,000 driverless vehicles within six years. While Uber will likely invest in the first vehicles, others could step in as its fleet expands, analysts at Bank of America wrote in a note on Thursday. They expect "third-party fleet managers and/or financial partners to own the cars," as the deal "meets financial milestones." Uber will use its autonomous vehicles for ride-hailing trips and not food deliveries, a spokesperson told BI. Last year, Uber said that it would work with another startup, Avride, to test making deliveries in some US cities using small, wheeled robots that can travel on sidewalks. In California, one driver told BI that he plans to make more deliveries for Uber Eats if self-driving cars take over Uber's ride-hailing service in the future. The driver said he divides his time on the app between delivering food through Uber Eats and picking up passengers for rides. His delivery gigs sometimes involve communicating with restaurant workers when the kitchen is running behind on orders or going up an elevator to leave food at a customer's apartment door. "A machine cannot do that," he said. Do you have a story to share about gig work? Contact this reporter at abitter@ or 808-854-4501. Read the original article on Business Insider 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
a day ago
- Automotive
- Yahoo
What the Heck Is Going on With Nvidia and Cyngn Stock?
Key Points Cyngn stock saw massive gains after the company's partnership with Nvidia came into focus. Cyngn provides lidar and machine-vision technologies that help autonomous vehicles and industrial machines operate. The huge run-up for Cyngn following its Nvidia partnership may look out of sync with the company's sales, but it's possible that a bigger growth story is just getting started. 10 stocks we like better than Cyngn › Cyngn (NASDAQ: CYN) had its initial public offering (IPO) in October 2021. At the time, valuations for growth stocks were seeing huge bullish catalysts related to the low-interest rate environment and expectations that pandemic-related conditions would pave the way for a bigger push for automation initiatives. The company provides 3D lidar technologies that help autonomous machines detect obstacles in the physical world. Despite interest in these technologies, the tech specialist's valuation saw a massive pullback since its IPO. On the other hand, its stock has recently seen a huge surge connected to a recently announced partnership with artificial-intelligence (AI) leader Nvidia. Is Cyngn one of the market's next explosive growth stocks, or just another flash in the pan? A partnership with Nvidia has powered huge gains for Cyngn stock Nvidia published a blog on June 24 that referenced Cyngn as a robotics leader, immediately powering massive gains for the smaller company's stock. In the post, Nvidia described Cyngn as "a pioneer in autonomous mobile robotics" and noted that the company was integrating its DriveMod technology into the Isaac Sim system in order to bolster autonomous machine operations. The news kicked off a big rally for the stock, and the gains were just getting started. On June 26, Cyngn announced a collaboration with Nvidia. As a result, the smaller company's share price skyrocketed more than 250% in the single session. With the report, the company announced that its DriveMod-enabled vehicles had been rolled out at several new industrial sites in the manufacturing, automotive, logistics, and consumer-packaged goods spaces. With the benefit of these technologies, robotics systems can tell when they are in danger of running into another object. Through the integration of this tech, autonomous vehicles and warehouse machines have increased capabilities to avoid collisions. Cyngn's technologies are being used by companies including Deere & Co.'s John Deere division, Rivian, and BYD. What does Cyngn's financial picture look like? Even with the incredible rally, Cyngn stock is still down roughly 93% across 2025's trading -- and the partnership with Nvidia naturally raises questions about whether the small tech specialist is primed for big gains or another round of huge sell-offs. Following its massive valuation surge, Cyngn quickly moved to arrange stock-selling deals in order to bolster its funding. Through the new investment rounds, Cyngn managed to raise $32 million in funding. The stock is still up roughly 110% over the last month, even with the dilutive impact of new share sales. As of this writing, the company now has a market capitalization of roughly $48 million. With a market capitalization of that size, Cyngn is still a relatively small company. On the other hand, it's also trading at a huge premium relative to its sales to date. The explosive surge for the stock appears to have been almost entirely powered by the company's connection to Nvidia. As the largest, most influential provider of key AI processing hardware, Nvidia is an incredibly powerful partner -- but there's still a huge amount of guesswork involved in charting what exactly the partnership means for Cyngn. Cyngn recorded just $47,200 in sales in this year's first quarter. While this represented a significant step up from the $5,500 in sales it posted in the prior-year quarter, it's still small in the grand scheme of things. The business also posted a loss of $7.6 million in the quarter, increasing from a loss of $6 million in the prior-year period. What comes next for Cyngn? The incredible run-up for Cyngn stock highlights just how powerful Nvidia's name and influence in the market is right now. The market's outlook on the macroeconomic backdrop also helped facilitate gains for Cyngn stock. Investors are now broadly betting that the Federal Reserve will implement multiple cuts for the benchmark interest rate this year -- a development that would likely be very beneficial for speculative stocks like Cyngyn. Notably, the announcement of Cyngn's partnership with Nvidia came on the heels of some potentially significant patent news. At the end of May, Cyngn published a news release saying that it had received a patent for "modular sensor system for automated guided vehicles," and stated that the significance of the patent was grounded in facilitating modular sensor systems that could help industrial machines better interact with complex geometries in the physical world. It's unclear whether this patent played a role in Nvidia partnership with the company, but the team-up makes Cyngn an interesting play to watch as AI and robotics trends continue to unfold. Should you buy stock in Cyngn right now? Before you buy stock in Cyngn, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Cyngn wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Deere & Company and Nvidia. The Motley Fool recommends BYD Company. The Motley Fool has a disclosure policy. What the Heck Is Going on With Nvidia and Cyngn Stock? was originally published by The Motley Fool 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
Digital Trends
a day ago
- Automotive
- Digital Trends
A Swedish 6G lab is trying create crash-free driving
What's happened? A research laboratory in Sweden – The Research Institutes of Sweden (RISE) – built AstaZero, the first proving ground for connected vehicles, and has now given more information about what it's trying to do. Gizmodo has gained further information on the goals of the lab. The CEO, Peter Janevik, outlined how it believes the facility will use 6G and other advanced connectivity tech to have a significant impact on the deployment of vehicles. This can dramatically reduce road fatalities and provide advanced disaster relief during emergencies. He has also highlighted how the scenarios might work. This includes a drone that can scan an accident site, creating a map of potential obstacles and dangers that can be deployed in real time to vehicles and allow safe management of future situations. This matters because: 6G is tipped to be an ultra-low latency, high-reliability technology that will facilitate true autonomy in vehicles and drones in a seamless infrastructure. This technology could help reduce accidents in urban areas through smarter vehicle responses. These technologies could also cut congestion and emissions, meaning cities can expand in a more environmentally friendly way. However, until reliability of connection can be proven to be over 99.999% effective, safety concerns will remain, hence the need for the testing environment. Facilities around the world have tested 5G for autonomous vehicles, but this is the first that allows all brands to come and pay to use the facility to test the deployment of 6G, hyper-connected tech. Recommended Videos What are the risks? The facility also allows brands to mitigate risks through the testing, such as ensuring the security of the connection to stop hackers from disrupting communication between devices. Drones tracking in urban environments could also create privacy or surveillance concerns. 6G deployment will require massive investment, so making sure it's done correctly and in a cost-effective and useful manner is key. What's next? The facility will expand further into AI-powered testing, to allow it to understand the situations contextually, as well as greater understanding of how these components will work in times when connectivity is degraded. 6G is slated for release within the next decade, and regulatory frameworks will need to be created to ensure its safe use, especially in the sphere of connected vehicles and drones.
