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XPeng Beats Tesla With This Humanoid Robot Milestone
Investor's Business Daily16d agobullish
XPeng Beats Tesla With This Humanoid Robot Milestone

At XPeng's factory in Guangzhou, China, machines assembled parts, installed electrical circuits and welded it all together. On Tuesday, Chinese electric vehicle company XPeng announced it completed assembly of its Iron humanoid robot. The production of the first Iron robot is a milestone for XPeng as it works toward its ultimate goal of mass production, scheduled to start by the end of the year, according to the company.

No steering wheel, no problem: Can Tesla speed by Cybercab probe?
Yahoo Finance Video20d agobearishVIDEO
No steering wheel, no problem: Can Tesla speed by Cybercab probe?

Federal investigators have opened an investigation into whether Tesla's (TSLA) new Cybercabs comply with federal safety standards, just as the company begins testing its service in Austin, Texas. Market Domination host Josh Lipton is joined by Tom Narayan, RBC Capital Markets lead equity analyst for global autos, to discuss if the investigation jeopardizes the rollout and how Tesla is also trying to avoid an "Apple Maps moment."

Lululemon Falls on China Business; Tesla Cybercab Service | Stock Movers
Bloomberg20d agobearishVIDEO
Lululemon Falls on China Business; Tesla Cybercab Service | Stock Movers

On this episode of Stock Movers: - Lululemon (LULU) shares are diving as its China business is showing signs of strain, with revenue in mainland China falling 2% in the second quarter after adjusting for currency fluctuations. - Tesla (TSLA) shares are lower on news it formally rolled out the Cybercab for robotaxi service, a long-anticipated step in Elon Musk's effort to push the company away from its roots as an auto manufacturer. The US National Highway Traffic Safety Administration opened a probe into the process and technical data on which Tesla relied when it self-certified the vehicles as compliant with federal safety standards. - Robinhood (HOOD) is down as AMC Entertainment boss Adam Aron criticized Robinhood Markets Inc. after the platform launched a tokenized version of the theater chain's shares.