WeRide Makes Nasdaq Debut as Global Leader in General-Purpose Autonomous Driving

October 26, 2024 – WeRide, a leading autonomous driving company, made its debut on the Nasdaq Stock Exchange on October 25th (EST) with the stock code “WRD”, marking it as the first publicly listed global general-purpose autonomous driving company and the inaugural publicly listed Robotaxi firm. The company priced its initial public offering at 15.5perAmericanDepositaryShare(ADS).Assumingfullexerciseoftheunderwriters′over−allotmentoption,WeRidewillhavepubliclyissuedatotalof8,903,760ADSs.Coupledwithapreviouslydisclosedconcurrentprivateplacementof320…

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Musk Dismisses “Blade Runner 2049” Copyright Suit, Calls It a “Bad Movie”

October 26, 2024 – Earlier this week, the sci-fi movie “Blade Runner 2049” accused Tesla CEO Elon Musk of copyright infringement, prompting a blunt response from Musk, who simply stated, “That movie sucked.” On October 22nd, Alcon Entertainment, the Los Angeles-based company behind “Blade Runner 2049,” filed a lawsuit against Tesla, Musk, and Warner Bros….

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Tesla Records Highest Single-Day Gain Since 2013, Soars 21.92%

October 25, 2024 – Tesla’s stock price surged by 21.92% on October 24th, marking the company’s largest single-day gain since May 2013. The stock closed at 260.48pershare,withamarketvalueincreaseofapproximately150 billion overnight. This significant jump in Tesla’s share price was primarily driven by the impressive financial results announced by the company on Wednesday. In the third quarter of…

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