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News
President Lee pitches for investment in Silicon Valley... embarks on South American tour
4+ hour, 7+ min ago (304+ words) President Lee Jae-myung has called on global venture capital firms in Silicon Valley, United States, to invest in South Korean companies. President Lee proposed that South Korea and the United States join forces to build the next generation of global…...
France Delays Adoption of Tesla's Full Self-Driving Over Safety Concerns
2+ day, 14+ hour ago (488+ words) ▲ Tesla Full Self-Driving (FSD) The French government has stated that it is premature to adopt Tesla's advanced driving assistance feature, "Supervised FSD (Full Self-Driving)," at this stage, citing insufficient safety standards. According to AFP on the 24th local time, French Transport…...
Tesla Shares Plunge Nearly 15% on Earnings Shock Over Discount Strategy
3+ day, 55+ min ago (493+ words) Tesla's stock plummeted nearly 15% after the company posted an unexpected drop in net profit driven by discount sales and retreated from previous targets related to robotaxis and Optimus robots. Tesla shares closed down 14.5% at $319.69 on the New York Stock Exchange…...
"Now Show Us the Results," Tesla Plunges 14.5%... Next Month a Major Hurdle?
2+ day, 19+ hour ago (531+ words) Analysts point out that investors who have bet on the future envisioned by Tesla CEO Elon Musk are now demanding concrete results rather than just "promises." Tesla shares plummeted 14.5% in a single day on the 23rd local time. This wiped out…...
SpaceX Stock Halved... "Estimated Profits of 22 Trillion Won from Short Selling"
3+ day, 2+ hour ago (334+ words) Reuters reported this on the 23rd (local time), citing data compiled by financial data analytics firm Ortex Technologies. SpaceX's stock price peaked at 225.64 dollars during intraday trading on June 16, the third day after its listing, before turning downward. The closing price…...
Tesla Reports 5% Drop in Q2 Net Income
4+ day, 3+ hour ago (295+ words) U.S. electric vehicle maker Tesla has posted disappointing second-quarter earnings that fell short of market expectations. This falls well short of the market consensus of $1.3 billion. Adjusted earnings per share (EPS) came in at 33 cents, also missing the average analyst estimate…...
"Case X-Files": Engine Roars and RPM Spikes While Parked
1+ week, 3+ day ago (198+ words) When quoting this interview, please accurately state the program name, SBS "News Hunters." The copyright belongs to SBS. ■ Broadcast: SBS "News Hunters" Mon–Fri (18:50–19:50) ■ Anchors: Kim Jong-won, Yoon Tae-jin ■ Guests: Song Ji-won (Attorney), Lee Kyung-min (Attorney) ※ You can find more…...
SK On-Hyundai Motor Joint Venture Begins Mass Production of EV Batteries in U.S.
1+ week, 5+ day ago (411+ words) ▲ HSBMA, a joint venture between Hyundai Motor Group and SK On, in North America A battery production joint venture between SK On and Hyundai Motor Group has begun operations at its North American plant and started supplying batteries to Hyundai…...
Elon Musk: "SpaceX Will Be Worth More Than the Entire Earth"
2+ week, 1+ day ago (477+ words) Elon Musk has boasted that his aerospace company, SpaceX, will eventually hold a value greater than that of the entire Earth. According to the financial weekly Barron's, Musk stated on his social media platform X (formerly Twitter) that "if we…...
Tesla Accounts for 3 Out of 10 Imported Cars in First Half, Growing 192% Year-on-Year
3+ week, 2+ day ago (473+ words) Electric vehicle brand Tesla recorded a market share of over 30 percent among imported cars in the domestic market during the first half of this year. According to data from the Korea Automobile Importers & Distributors Association on July 3, the cumulative number…...