At a truly awful time to build an electric vehicle plant in the U.S., Tesla’s distant rival breaks ground on $5b Georgia facility

US auto safety regulators are investigating potential issues with door handles on certain Tesla vehicles, raising concerns that occupants could become trapped inside. This probe follows a Bloomberg investigation led by Craig Trudell.

Editor’s Note: This investigation is significant as it highlights safety concerns regarding Tesla vehicles, which could impact consumer trust and the company's reputation. Ensuring vehicle safety is crucial for manufacturers and regulators alike.

LG's battery unit is moving forward with its projects in the U.S. despite a recent raid. Hyundai's CEO mentioned that this disruption could delay the construction of a Georgia battery plant by two to three months.

Editor’s Note: This situation is significant as it highlights the challenges faced by companies in the battery sector, particularly in the U.S. market. Delays in construction could impact the supply chain and production timelines for electric vehicles.

The US safety agency has raised concerns that the doors of Tesla's 2021 Model Y could trap riders, posing a safety risk.

Editor’s Note: This issue is significant as it highlights potential safety flaws in popular electric vehicles, which could affect consumer trust and lead to regulatory scrutiny.

Rivian's stock has seen an increase following the groundbreaking of its new manufacturing site in Georgia. This development is a significant step for the electric vehicle company as it expands its production capabilities.

Editor’s Note: This matters because Rivian's expansion into Georgia could enhance its manufacturing efficiency and meet growing demand for electric vehicles. A successful launch of this site may positively impact the company's market position and investor confidence.

Rivian is set to build a new factory in Georgia, scheduled to open in 2028. This facility will support the production of the R2 SUV and the smaller R3 crossover model, showcasing the company's commitment to electric vehicles despite current market challenges.

Editor’s Note: This development is significant as it highlights Rivian's resilience in the face of an electric vehicle slump. The new factory not only promises job creation but also reinforces the growing importance of EVs in the automotive industry.

US safety regulators are investigating Tesla after reports that its electric-powered door handles malfunctioned, trapping children inside vehicles.

Editor’s Note: This investigation is significant as it raises concerns about the safety of Tesla's vehicles, particularly for families with young children. Ensuring that car doors function properly is crucial for preventing dangerous situations.

A problem with the Tesla Model Y door handle led to four parents having to break the vehicle's window to rescue their children, prompting a new investigation by the NHTSA.

Editor’s Note: This situation raises serious safety concerns about the Tesla Model Y, especially regarding child safety. The NHTSA's investigation could lead to important changes in vehicle safety standards.

Oracle and Tesla saw significant movements in their market capitalization on Tuesday, reflecting strong investor interest and market dynamics.

Editor’s Note: This matters because fluctuations in market cap can indicate investor confidence and influence stock prices, impacting the broader market and investment strategies.

Tesla's stock surged after CEO Elon Musk purchased $1 billion in shares, signaling strong confidence in the company's future.

Editor’s Note: This significant investment by Musk not only boosts Tesla's stock value but also reassures investors about the company's potential growth and stability in the market.

The US is assessing more than 174,000 Tesla Model Y vehicles due to reports of door handle failures. This evaluation aims to ensure safety and reliability for consumers.

Editor’s Note: This matters because vehicle safety is a top priority for manufacturers and regulators. Addressing potential issues early can prevent accidents and maintain consumer trust in electric vehicles.

Jon McNeill, former Tesla president, expresses confidence in Elon Musk's ability to drive advancements in AI, robotics, and aerospace. He discusses this on Bloomberg's 'The Close.'

Editor’s Note: This matters because it highlights the potential impact of Musk's leadership in technology sectors that are crucial for future innovations. McNeill's endorsement may influence investor confidence and public perception of Tesla's direction.

Today's market saw Alphabet and Tesla stocks rise, while Texas Instruments experienced a decline. These movements highlight the dynamic nature of the stock market.

Editor’s Note: Understanding stock movements is crucial for investors. The gains by Alphabet and Tesla may indicate positive trends in tech, while Texas Instruments' slip could signal challenges in the semiconductor sector.

Beijing announced that TikTok's US app will utilize a Chinese algorithm. This comes as Donald Trump extends the deadline for a potential shutdown of the platform, indicating ongoing negotiations with China.

Editor’s Note: This development is significant as it highlights the complexities of international relations and technology. The use of a Chinese algorithm in a US app raises concerns about data privacy and security, while the extended deadline suggests that a resolution may be on the horizon.

Bank of America predicts that gold prices could reach $4,000 per ounce by the second quarter of 2026, suggesting further growth potential after recent record highs.

Editor’s Note: This prediction is significant as it indicates a bullish outlook on gold, which could impact investors and the commodities market. Understanding these trends can help investors make informed decisions.

The U.S. government has ordered Delta and Aeromexico to end their partnership, which allowed them to coordinate flight pricing and schedules. This decision follows claims from U.S. Transportation Secretary Sean Duffy that Mexico is treating U.S. airlines unfairly.

Editor’s Note: This matters because the dissolution of this partnership could impact flight options and prices for travelers. It highlights ongoing tensions between U.S. and Mexican airlines, potentially affecting competition and consumer choice in the aviation market.

Lei Qiu, CIO at AllianceBernstein, discusses the expanding adoption of AI and the opportunities it presents, emphasizing the need for caution. She shares insights on Bloomberg Tech.

Editor’s Note: This discussion is significant as it highlights the growing role of AI in various sectors and the balance between embracing innovation and exercising caution. Understanding these dynamics can help businesses navigate the evolving landscape.

The FDA has issued over 100 letters to Hims & Hers and other weight loss drugmakers, warning them to stop using false and misleading advertising. This action highlights concerns about the integrity of marketing practices in the weight loss industry.

Editor’s Note: This matters because misleading advertising can lead consumers to make uninformed health decisions. The FDA's intervention aims to protect public health and ensure that companies provide accurate information about their products.

ServiceNow is set to open an AI hub in West Palm Beach, Florida, creating 850 new jobs. This initiative is part of a new tower project developed by Stephen Ross.

Editor’s Note: This expansion highlights ServiceNow's commitment to growing its AI capabilities and workforce, which is significant for the local economy and the tech industry in Florida.