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Tesla Short Sellers Lose $3.5 Billion in Two Days After Deliveries Report

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Tesla Short Sellers Lose $3.5 Billion in Two Days After Deliveries Report

Tesla’s better-than-expected deliveries report has caused significant losses for traders betting against the electric vehicle maker’s stock. Following the second-quarter report, Tesla shares surged by 17% over two trading days, resulting in an estimated $3.5 billion in mark-to-market losses for short sellers, according to data from S3 Partners.

The recent surge in Tesla’s stock price has compounded the challenges faced by short sellers, with Tesla shares climbing 73% since hitting their yearly low in April. On Wednesday, Tesla’s stock closed at $246.39, nearly recovering its year-to-date losses.

Tesla reported second-quarter deliveries of 443,956 vehicles, surpassing Wall Street’s estimate of 439,000. While this represents a 4.8% decline from the previous year, it is an improvement over the 8.5% year-over-year drop in the first quarter. Despite the sales decline and increasing competition, the report suggests that demand for Tesla vehicles remains strong.

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The deliveries report, however, provides only a limited view of Tesla’s overall performance. The company has been offering incentives such as discounts and low-interest financing to boost sales amid an aging lineup and heightened competition. The launch of Tesla’s newest model, the Cybertruck, has been slow, plagued by quality issues leading to four voluntary recalls in the U.S. within a year.

Tesla’s upcoming earnings report, due later this month, will offer more insight into the company’s financial health. Analysts expect a 2.9% revenue decline to $24.2 billion, following a 9% drop in the first quarter.

Tesla CEO Elon Musk, whose net worth increased by approximately $15 billion over the past two days, celebrated the short sellers’ losses. Musk also targeted Microsoft co-founder Bill Gates, who has a history of shorting Tesla stock. Musk stated on X (formerly Twitter) that short sellers would be “obliterated” once Tesla solves autonomy and mass-produces its Optimus robot.

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Despite these developments, Tesla continues to face challenges in its core automotive business. The company frequently updates its in-vehicle software, with recent enhancements including YouTube, Amazon Music, and weather apps for drivers. However, Tesla has yet to deliver software capable of making its cars fully self-driving.

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Nvidia Unveils RTX 50-Series Chips at CES with AI-Powered Gaming Revolution

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Nvidia Unveils RTX 50-Series Chips at CES with AI-Powered Gaming Revolution

Nvidia CEO Jensen Huang has introduced the next generation of gaming chips, the RTX 50-series, during his keynote address at CES 2025 in Las Vegas. These cutting-edge chips leverage Nvidia’s Blackwell artificial intelligence (AI) technology, promising unprecedented gaming experiences with movie-quality graphics.


Huang showcased the capabilities of the RTX 50-series chips, claiming they are twice as fast as their predecessors. Priced between $549 (£438) and $1,999, the chips are designed to cater to a wide range of gamers, from casual players to hardcore enthusiasts.

In a live demonstration, the new chips produced stunning, highly detailed visuals with dynamic textures and complex maneuvers—all in real time. “It was awesome that they can do this in real time,” said Gary Yang, a robotics graduate student from Caltech. “Previously, we’d think of these graphics as pre-rendered.”

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The RTX 50-series chips will hit the market starting late January 2025. Early reactions from attendees at the CES event have been overwhelmingly positive. “I thought it was incredible,” said Scott Epstein of Agenovate AI, emphasizing Nvidia’s ongoing innovation.


The announcement comes as CES 2025 attracts over 150,000 attendees and 4,500 exhibitors, solidifying its reputation as the premier stage for tech innovation. Nvidia’s shares reached a record high in anticipation of Huang’s keynote, underlining the market’s confidence in the company’s direction.


Reflecting on Nvidia’s 31-year history, Huang highlighted the company’s evolution from a graphics chip manufacturer to a leader in AI chip development, now valued at over $3 trillion. Despite its achievements, Nvidia faces challenges from regulators worldwide scrutinizing its dominance in the AI chip market.

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The RTX 50-series chips mark a significant step forward in gaming technology, blending AI advancements with unparalleled performance.

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Volkswagen and Xpeng Join Forces to Expand EV Super-Fast Charging Network in China

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Volkswagen and Xpeng Join Forces to Expand EV Super-Fast Charging Network in China

Volkswagen and Xpeng have announced plans to collaborate on a vast super-fast electric vehicle (EV) charging network in China, marking a significant step in their partnership. The two companies signed a memorandum of understanding to share access to their respective charging networks, creating over 20,000 charging points across 420 cities in China.

The partnership, which aims to make EV charging more accessible, also includes plans for co-branded super-fast charging stations. Olaf Korzinovski, executive vice president of Volkswagen Group China, highlighted the ambition:
“Through our strategic collaboration with Xpeng, we will form one of the largest Super Fast Charging Networks in China, enabling seamless e-mobility not only in major cities but also in remote areas.”

The announcement sent Xpeng’s Hong Kong-listed shares up 3.4% by market close on Monday, while Volkswagen shares rose 2% in early European trading.

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The charging infrastructure is a critical aspect of EV adoption, allowing drivers to recharge their vehicles conveniently and drive longer distances. The partnership is expected to rival Tesla’s growing Supercharger network in China, adding competition to the rapidly expanding EV market.

Volkswagen has been intensifying its focus on the Chinese EV market. In 2023, the German automaker invested $700 million in Xpeng, acquiring a 4.99% stake in the company. By 2030, Volkswagen plans to introduce at least 30 fully electric models in China across its various brands.
In addition to the charging network, Volkswagen and Xpeng are working together on two electric car models, slated for delivery in China by 2026.

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Google CEO Sundar Pichai Navigates a Year of Highs and Workforce Tensions

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Google CEO Sundar Pichai Navigates a Year of Highs and Workforce Tensions

Google’s 2024 began with a high note when its April earnings report triggered the largest rally in Alphabet shares since 2015, propelling the company’s market capitalization past $2 trillion for the first time. The results signaled to Wall Street that Google was holding its ground in the competitive AI space.

However, inside the company, a different narrative unfolded. During an all-hands meeting following the earnings announcement, a top-rated employee comment highlighted concerns about morale, trust, and cohesion within Google’s workforce. “We’ve noticed a significant decline in morale, increased distrust, and a disconnect between leadership and the workforce,” the comment read. Another highly ranked question pointed to dissatisfaction with compensation, despite the company’s stellar performance.

These sentiments reflected broader challenges for CEO Sundar Pichai, who faced growing scrutiny from employees amid product missteps, layoffs, and questions about his vision for the company.

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Despite internal tensions, Pichai guided Google through a year of solid financial growth. The company saw strong revenue in key segments, including search advertising and cloud services. It also advanced its AI strategy, overcoming early product setbacks that included some high-profile embarrassments. By the end of 2024, Google’s stock had risen over 40%, outperforming the S&P 500 but lagging behind competitors like Meta and Amazon.

Internal shake-ups, including layoffs and reorganizations, further fueled unease among employees. Conversations with staff, recordings, and internal correspondence revealed a vocal workforce questioning the company’s direction and expressing concerns about leadership’s ability to maintain Google’s culture of innovation and trust.

As Google continues to evolve in the face of intense market competition and workforce expectations, Pichai remains at the center of navigating the delicate balance between meeting financial goals and addressing employee concerns.

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