Tesla Spars in Court Over Autopilot Alert 2 Seconds Before Crash
Tesla is seeking to show a jury that the company's technology performed as it should and that the driver is fully to blame for running through a stop sign at a T intersection in the Florida Keys and ramming into a Chevrolet Tahoe, killing a woman who stood next to the SUV and seriously injuring her boyfriend.
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Yahoo
15 minutes ago
- Yahoo
Donald Trump Repeats False Claim Beyoncé Was Paid $11 Million To Endorse Kamala Harris; Calls To Prosecute Singer, Oprah & Al Sharpton
On Saturday, Donald Trump repeated false claims that Beyoncé was paid $11 million to endorse Kamala Harris on the campaign trail in October of last year. The Truth Social post comes as the president faces scrutiny from his own base over the release of the Jeffrey Epstein files. Taking to his social media platform yesterday, the GOP leader wrote, 'I'm looking at the large amount of money owed by the Democrats, after the Presidential Election, and the fact that they admit to paying, probably illegally, Eleven Million Dollars to singer Beyoncé for an ENDORSEMENT (she never sang, not one note, and left the stage to a booing and angry audience!), Three Million Dollars for 'expenses,' to Oprah, Six Hundred Thousand Dollars to very low rated TV 'anchor,' Al Sharpton (a total lightweight!), and others to be named for doing, absolutely NOTHING! These ridiculous fees were incorrectly stated in the books and records. YOU ARE NOT ALLOWED TO PAY FOR AN ENDORSEMENT. IT IS TOTALLY ILLEGAL TO DO SO. Can you imagine what would happen if politicians started paying for people to endorse them. All hell would break out! Kamala, and all of those that received Endorsement money, BROKE THE LAW. They should all be prosecuted! Thank you for your attention to this matter.' More from Deadline Beyoncé Reunites Destiny's Child For Final 'Cowboy Carter' Tour Stop In Vegas Stephen Colbert Praises 'South Park's Naked AI Trump PSA: "An Important Message Of Hope" Donald Trump Denies Being Briefed That His Name Appeared In Jeffrey Epstein Files, Despite Wall Street Journal Report That He Was Informed Trump is referring to the 35-time Grammy-winning artist's appearance at a rally in Houston, where the singer took to the stage to endorse the vice president and call for unity. 'It's time to sing a new song, a song that began 248 years ago. The old notes of downfall, discord, despair no longer resonate. Our generations of loved ones before us are whispering a prophecy, a quest, a calling, an anthem. Our moment right now — it's time for America to sing a new song. Our voices sing a chorus of unity. They sing a song of dignity and opportunity,' she said to the crowd. Federal campaign spending records show a $165,000 payment made from the Democratic presidential candidate's organization to Beyoncé's production company, per CNN, with 'campaign event production' listed as the reasoning for the expenditure. Last year, senior spokesperson for the Harris campaign Adrienne Elrod told Deadline that the campaign did not pay any celebrity endorsers but was required by campaign finance law to cover costs associated with holding such events, per Federal Election Commission rules. This accounts for the $1 million the Harris campaign spent on Oprah's Harpo Productions, as the famed TV personality endorsed her at a Michigan-held 'Unite for America' event in September 2024. The baseless allegation was fact-checked by websites and PolitiFact last year, though Trump repeated his sentiments about Beyoncé, Oprah and Al Sharpton back in February. Trump has also previously harped on the matter in a post made back in May, where he named other influential Harris endorsers like Bruce Springsteen and Bono, calling for a 'major investigation.' There's also no evidence to suggest such expenses were incorrectly categorized, and though Trump maintained payment for endorsement is illegal, there's actually no FEC law that prohibits such campaigns for paying for endorsements, though they must disclose such expenditures. Best of Deadline Celebs Supporting Zohran Mamdani In New York's Mayoral Race: From Ramy Youssef To Cynthia Nixon The Fox News To White House Pipeline: TV Personalities Who Joined The Trump Administration Celebrities Voting And Encouraging Voting In The 2024 Election
Yahoo
15 minutes ago
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Rivian vs. Lucid: Which EV Stock Is Winning in 2025?
Key Points Rivian and Lucid both disappointed early investors. Both companies face supply chain issues and intense competition. But one of these EV companies has clearer near-term advantages. 10 stocks we like better than Rivian Automotive › Rivian (NASDAQ: RIVN) and Lucid (NASDAQ: LCID) were both hot electric vehicle (EV) stocks. Rivian went public with an IPO price of $78 on Nov. 10, 2021, and its shares more than doubled to a record closing price of $172.01 just a week later. Lucid went public by merging with a special purpose acquisition company (SPAC) on July 26, 2021. Its shares started trading at $25.24, and more than doubled to a record closing price of $55.52 four months later. Both companies initially attracted a stampede of bulls with their ambitious growth targets, and the buying frenzy in emotion-driven meme stocks amplified their gains. But today, Rivian and Lucid trade at about $13 and $3, respectively. Both stocks fizzled out as they missed their own goals and racked up steep losses. Rising rates also popped their bubbly valuations. But when interest rates declined in 2024, Rivian and Lucid didn't bounce back even as investors pivoted back toward more speculative stocks. That sentiment is still chilly: Rivian's stock has only risen 5% since the beginning of 2025, while Lucid's stock dipped 3%. Should contrarian investors consider buying either of these EV stocks right now? Why did Rivian and Lucid disappoint the market? Rivian sells three EVs: its R1T pickup, its R1S full-size SUV, and an electric delivery van (EDV) for its top investor, Amazon (NASDAQ: AMZN), and other companies. Before it went public, it claimed it could produce 50,000 vehicles in 2022. But in reality, it only produced 24,337 vehicles that year as it grappled with supply chain disruptions. Lucid sells two vehicles: its Air sedan and its new Gravity SUV. In its pre-merger presentation, it claimed it could deliver 20,000 vehicles in 2022. Unfortunately, it only delivered 4,369 vehicles in 2022 as it also struggled with supply chain constraints and production issues. At their record highs, Rivian's market cap hit $153.3 billion, or 92 times its 2022 revenue; while Lucid's market cap reached $91.4 billion, which was 150 times its 2022 revenue. Those sky-high valuations set both stocks up for steep declines when they missed their own rosy forecasts. What happened over the following years? In 2023, Rivian more than doubled its production to 57,232 vehicles as it overcame its supply chain issues. But in 2024, its production dipped to 49,476 vehicles as rising rates chilled the EV market, it faced tougher competition, and it temporarily shut down its main Illinois plant to upgrade its production capabilities. In 2025, it only expects to deliver 40,000 to 46,000 vehicles as it deals with higher tariffs on its raw materials and batteries, ongoing supply chain challenges, and another temporary shutdown to prepare for the launch of its smaller R2 SUV in 2026. Rivian is dealing with a lot of growing pains, but it's still supported by Amazon, Porsche (OTC: POAHY), Saudi Arabian conglomerate Abdul Latif Jameel, and other big investors. It ended its latest quarter with $8.5 billion in liquidity, and it expects the rollout of its smaller R2 SUV to significantly boost its sales and profits as it reaches a broader range of customers. Lucid's deliveries rose to 6,001 vehicles in 2023 and 10,241 vehicles in 2024, but those numbers were dismal compared to its original estimates. Lucid faced many of the same macro and competitive challenges as Rivian, and its CEO, Peter Rawlinson -- who attracted a lot of attention for his previous stint as Tesla's (NASDAQ: TSLA) chief vehicle engineer -- stepped down this February. Its board still hasn't appointed a permanent CEO yet. Rivian's founder and CEO, RJ Scaringe, remains in charge of his company. Lucid claims it can more than double its production to 20,000 vehicles this year as it ramps up its production of the Gravity SUV, but it doesn't have a great track record of meeting its own expectations. Yet Lucid is still firmly backed by Saudi Arabia's sovereign Public Investment Fund (PIF), which owns nearly two-thirds of its shares, and it ended its latest quarter with about $5.7 billion in liquidity, which it claims can carry it through its launch of the Gravity SUV. Which stock has more upside potential? From 2024 to 2027, analysts expect Rivian's revenue to grow at a compound annual growth rate (CAGR) of 32% as Lucid's revenue rises at a CAGR of 85%. Based on those estimates, which we should take with a grain of salt, Rivian and Lucid trade at 3.2 times and 6.9 times this year's sales, respectively. Neither company is expected to come close to breaking even, but Rivian's gross margins turned positive over the past two quarters as economies of scale kicked in. Lucid's gross margins are still negative. Rivian's higher production rates, healthier gross margins, and more stable leadership make it a stronger investment than Lucid right now -- even if its production wanes ahead of the R2's launch. As for Lucid, I'm not sure it can successfully ramp up its production of the Gravity and meet Wall Street's high expectations. If it falls short of that goal, its valuations will decline and its stock will drop even further. Should you buy stock in Rivian Automotive right now? Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rivian Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Leo Sun has positions in Amazon. The Motley Fool has positions in and recommends Amazon and Tesla. The Motley Fool recommends Porsche Automobil Se. The Motley Fool has a disclosure policy. Rivian vs. Lucid: Which EV Stock Is Winning in 2025? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
16 minutes ago
- CBS News
More than 30 cars vandalized in Massachusetts as police search for suspect seen on video
More than 30 vehicles were vandalized in Quincy, Massachusetts over the weekend, leaving dozens of residents facing costly damage. Angela Taylor, a North Quincy resident, was returning from vacation when she learned her car had been among those targeted. "It's frustrating, considering the fact that you come back from vacation, you're expecting to relax and now you have to go and file a police report and let your insurance know and try to figure out how to remedy the damage to the car that you don't want rusting come New England winters," said Taylor. Taylor lives in a condominium complex that she said is in a safe neighborhood in North Quincy. "I think if you have a nice vehicle especially, then you're going to be far more concerned now parking your car out," she said. "And we live in a condo that's supposed to be safe and North Quincy's supposed to be safe." According to neighbors and home surveillance video, the suspect was seen walking up and down Oakridge scratching cars with a rock. The act has left residents shaken. "We want the policemen to find him right away and do something," said Vicky Zhang. Zhang said that at least seven or eight cars on her street were scratched up by the suspect. She shared Ring video with WBZ-TV that shows the suspect, dressed in all black, walking up and down the block. Taylor said this isn't the first time vandalism has occurred in the neighborhood. "30 [cars] is a lot and considering this is not the first time this has happened in the area either, I think it's increasingly frustrating because it happened around Christmas as well, my car was keyed up then too," said Taylor. The Quincy Police Department is asking anyone with information or surveillance video to contact them as the investigation continues.
