Tesla's $1 trillion value a double bonanza for Musk | Reuters

Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul/Pool via Reuters
Oct 25 (Reuters) – The surge in Tesla Inc's (TSLA.O) stock market value beyond $1 trillion on Monday is a double bonanza for Chief Executive Elon Musk, the electric car maker's largest shareholder.
The stock rallied 12.7% on news that Tesla landed its biggest-ever order from rental car company Hertz. read more […]
Tesla's $1 trillion value a double bonanza for Musk | Reuters

EU tech rules should curb cloud computing providers, study says

The logos of Amazon, Apple, Facebook and Google in a combination photo
BRUSSELS, Oct 26 (Reuters) – Draft EU rules to curb the power of Amazon (AMZN.O), Apple (AAPL.O), Alphabet (GOOGL.O) unit Google and Facebook (FB.O) should also tackle providers of cloud computing services for possible anti-competitive practices, a study said on Tuesday.
The report comes amid concerns that some EU lawmakers who are reviewing the Digital Markets Act (DMA) proposed by EU antitrust chief Margrethe Vestager may […]
EU tech rules should curb cloud computing providers, study says

Tesla zooms past $1 trillion market cap on bet that the EV future is now | Reuters

Oct 25 (Reuters) – Tesla Inc (TSLA.O) surpassed $1 trillion in market value on Monday after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader's ambitions to top the entire auto industry in sales over the next decade.
Tesla shares surged as much as 14.9% to $1,045.02, making it the world's most valuable automaker according to Reuters calculations based on its latest filing.
Even Tesla Chief Executive Elon Musk expressed […]
Tesla zooms past $1 trillion market cap on bet that the EV future is now | Reuters

Brembo eyes startup deals as software takes bigger role in brakes | Reuters

The logo of Brembo is seen at its headquarters in Bergamo, Italy October 7, 2019. REUTERS/Flavio Lo Scalzo
MILAN, Oct 25 (Reuters) – Brembo (BRBI.MI) could look at buying tech startups to boost the software content of its premium brakes, Chief Executive Daniele Schillaci said, as the Italian company unveiled its latest braking system.
The company, whose customers include Ferrari (RACE.MI), Tesla (TSLA.O), and several Formula One teams, presented 'Sensify', a pioneering braking system […]
Brembo eyes startup deals as software takes bigger role in brakes | Reuters

Tesla pulls its new Full Self-Driving beta due to software 'issues' | Reuters

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo
NEW YORK/ SAN FRANCISCO, Oct 24 (Reuters) – U.S. electric car maker Tesla Inc (TSLA.O) on Sunday rolled back the latest version of its Full Self-Driving (FSD) beta software, less than a day after its release, after users complained of false collision warnings and other issues.
The setback comes as Tesla is under regulatory scrutiny over the safety of its […]
Tesla pulls its new Full Self-Driving beta due to software 'issues' | Reuters