The EV industry saw major moves this week as Xiaomi's new model drew surging demand, Ford unveiled a universal EV platform, BYD set records in India, Uber launched big driver incentives, and Tesla pushed ahead with robotaxi tests.
Shares of ride sharing service Lyft (NASDAQ: LYFT)
jumped 9.5% in the afternoon session after the company announced its co-founders, Logan Green and John Zimmer, will step down from the board next year. The rideshare company announced that co-founders Logan Green and John Zimmer will exit the board in August 2025, completing a two-year transition plan. As part of the change, they will convert their special Class B shares to Class A shares, eliminating the dual-class structure and establishing equal voting rights for all shareholders.
The White House has reportedly created a rating system to evaluate the support of corporate America for President Donald Trump's "One Big Beautiful Bill" and other policies.
WeRide (WRD) gains after strategic partnership with Grab (GRAB) to deploy robotaxis and shuttles in Southeast Asia, boosting AV industry and service quality.
Amazon’s fresh push in same-day grocery delivery is rewriting retail playbooks. From Uber Eats’ Dollar General rollout to FedEx monetizing logistics data, winners will master cold-chain scale, delivery density, and the high-stakes economics of speed.
Amazon's (NASDAQ: AMZN) latest strategic maneuver, the expansion of its fresh grocery offerings with same-day delivery to over 1,000 cities and towns, is sending ripples through the retail and delivery sectors. This aggressive push aims to integrate perishable items seamlessly into its vast logistics network, promising a "one-stop shopping
Shares of ride sharing service Lyft (NASDAQ: LYFT)
jumped 3.5% in the afternoon session after a wave of positive analyst commentary pointed to a strong growth outlook. RBC Capital reiterated its Outperform rating on the stock with a $21 price target, citing a confident tone from management regarding the company's future. This sentiment was supported by a Seeking Alpha report highlighting that Lyft has greater upside potential than its rival Uber, due to a more focused operation and a lower valuation. While the company's recent second-quarter results were mixed, with a slight miss on revenue, investors appear to be focusing on the positives, such as record gross bookings, robust rider growth, and operational improvements. Management has signaled a 'thriving marketplace' and expects a stronger second half of the year.
