Amazon's Zoox makes a move on Tesla Robotaxi territory

Tesla investors have shown strong support for CEO Elon Musk, with approximately 75% voting in favor of a groundbreaking pay package that could potentially reward him with $1 trillion if he significantly increases the company's value. This decision reflects the confidence shareholders have in Musk's vision for Tesla's future.

Loop Capital analyst Rob Sanderson has upgraded Alphabet's stock rating from hold to buy, raising the price target to $320. This marks a significant shift in Sanderson's stance, as he has previously been cautious about the company's performance. The upgrade reflects growing optimism in the market regarding Alphabet's prospects.

Adobe has announced a $1.9 billion acquisition of Semrush, a software provider that assists businesses, including major companies like Amazon and TikTok, with search-engine optimization and marketing strategies. This deal highlights Adobe's commitment to enhancing its digital marketing capabilities.

Elon Musk announced that the Tesla Cybercab, which is designed without a steering wheel or pedals, is set to enter production in April. However, Tesla currently lacks the necessary regulatory exemption to legally sell the vehicle, raising questions about the feasibility of this ambitious project.

The Navy Secretary has expressed concerns that workers in the shipbuilding industry may prefer jobs at Amazon, where they can earn higher wages. This situation poses a challenge for attracting talent to build America's warships, especially as the industry, which contributes $37.3 billion to the GDP, has been overshadowed by China's advancements in recent years.

Stellantis has announced plans to utilize Tesla's Supercharger network for its future electric vehicles (EVs). This strategic move aims to enhance the charging experience for Stellantis customers, aligning with the growing demand for EV infrastructure. The collaboration is expected to begin in 2026, marking a significant shift in the automotive landscape as traditional automakers increasingly adopt Tesla's technology.

Stellantis has announced plans to adopt Tesla's charging system for its electric vehicles starting in 2026. This decision marks a significant shift in the automotive industry, as Stellantis aims to enhance the charging experience for its customers by utilizing Tesla's established network. The move is expected to improve the interoperability of electric vehicle charging and support Stellantis's commitment to expanding its electric vehicle offerings.

Tesla has received a permit to operate as a transportation network company in Arizona, marking a significant step in its expansion strategy. This approval allows Tesla to offer ride-hailing services in the state, enhancing its presence in the growing electric vehicle market. The move aligns with the company's broader goals of integrating its electric vehicles into various transportation sectors.