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China's Didi crackdown could hit Tesla, other stocks: analysts

China s Didi crackdown could hit Tesla, other stocks: analysts
Fox Business
3 hrs ago
Breck Dumas
China s crackdown on its premiere ride-hailing platform, Didi Global Inc., should serve as a warning to other firms such as Tesla, analysts say.
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The regulations around autonomous driving in China should get stricter over time and may present some increasing challenges to foreign automakers in the years ahead, Morgan Stanley analyst Adam Jonas wrote in a note Tuesday. Jonas warned that Tesla could face similar issues in China, given its mapping and artificial intelligence technology.
Just days after Didi s initial public offering in the U.S., Chinese Communist Party regulators cut off the firm s ability to sign on new users and then followed up by having it booted from app stores over alleged cybersecurity concerns. The government s moves kicked the legs out from under Didi s Wall Street debut, sending the firm s share p ....

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Crypto trading platform CEO on Bitcoin price: 'Little guy getting squeezed out'

INX Limited CEO Douglas Borthwick, while discussing Bitcoin losing half its value, argued that the "little guy" is getting "squeezed out" while the "big guys continue to build large positions," on FOX Business' "Varney & Co." ....

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Biden policies 'duped the Fed': Economist Peter Morici

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Biden's progressive polices are 'anti-business and a jobs killer': Peter Morici

Biden's progressive polices are 'anti-business and a jobs killer': Peter Morici
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