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After a visit to the Austin factory, Bank of America set a target price of $400 for Tesla.
Bank of America analyst John Murph expressed confidence in Tesla's growth prospects for 2025 and beyond, stating that autonomous driving and siasun robot&automation business will lead the growth. Significant progress has been made with FSD, adoption rates are increasing, and the development of Optimus is expected to accelerate, with new models next year set to expand the total addressable market (TAM).
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Elon Musk's xAI has completed a new round of financing, and the valuation is reportedly over 40 billion dollars.
① Elon Musk's ai startup xAI has completed a new financing round of $6 billion, with a valuation exceeding $40 billion. ② xAI was founded by Musk in 2023 and completed the $6 billion financing in May of this year, at that time the valuation was $24 billion.
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A newcomer in the U.S. Senate claims to end subsidies for electric vehicles, allowing consumers to decide which models to purchase.
① Bernie Moreno, the incoming senator from ohio in the usa, stated that if he becomes the "autos czar" in the next Trump administration, one of his top priorities would be to eliminate the $7,500 tax credit for electric vehicles; ② Moreno emphasized that the "market should play a role," calling for an end to government intervention in businesses, and advocated for creating a favorable tax, regulatory, and labor environment for auto companies.
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Nvidia strengthens its presence in Southeast Asia: the AI research and development center in Vietnam has been launched, and the state-owned enterprise Viettel has received technical support.
Nvidia accelerates its layout in Southeast Asia, on Thursday Nvidia CEO Jensen Huang announced the establishment of an AI research and development center in Vietnam to promote the development of Vietnam's AI industry by building AI infrastructure, training Vietnamese AI experts, and supporting AI startups. In addition, Nvidia will acquire the AI department of Vietnam's Vingroup. During regular trading hours on Thursday, Nvidia's stock price rose by nearly 1% at most.
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Taiwan Semiconductor is reportedly in talks with nvidia to produce Blackwell chips at a factory in Arizona.
①According to reports, Taiwan Semiconductor is currently in talks with Nvidia and plans to produce Blackwell artificial intelligence (AI) chips at its new factory in Arizona, usa; ②As Nvidia's next-generation GPU, the Blackwell chip is currently in full production, but so far it has been produced at Taiwan Semiconductor's factories in Taiwan, china.
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