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Metaverse wearable devices ‘could be as big as phones,’ Qualcomm CEO says

Reuters

Tesla climbs as other EV makers hit brakes after rally

Shares of Tesla climbed for a second day on Wednesday after Chief Executive Elon Musk sold more of his shares, while other high-flying electric vehicle makers hit the brakes on a euphoric rally. Luxury electric car maker Lucid Group Inc dropped more than 5%, while Rivian Automotive Inc tumbled 15%, down for the first time since its blockbuster market debut last week made the company the second-most-valuable U.S. automaker. Lucid’s market value eclipsed that of Ford on Tuesday after the company said it is confident of producing 20,000 of its upcoming Lucid Air sedans in 2022.

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