Palantir now owns 8.7% of struggling electric vehicle startup Faraday Future, according to a new filing with the U.S. Securities and Exchange Commission.The data-mining company was granted more than 800,000 shares in the EV startup on October 2 “as payment for certain outstanding receivables” — the equivalent of roughly $2.4 million judging by Faraday Future’s stock price on that day. Palantir doesn’t explicitly say what receivables were outstanding. But the companies quietly entered a settlement earlier this year after the EV startup stopped paying the data company for services it agreed to buy all the way back in 2021.Palantir revealed…
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The Tesla Model 3 Performance, a renowned high performance sedan, has recently demonstrated its exceptional capabilities on the racetrack. With its impressive acceleration, handling, and advanced technology, this electric vehicle has set new records at Laguna Seca, surpassing even its previous iteration. The Unplugged Performance team, known for their commitment to electric vehicle motorsport, has been instrumental in showcasing the Model 3 Performance’s potential. Their heavily modified Model S, “The Dark Helmet,” has already made waves in the racing community. Tesla Model 3 Performance Dominates Laguna Seca with Unplugged Racing Mods (Unplugged Performance) Now, they are turning their attention to…
Cadillac’s resurgence in the luxury car market is a testament to its commitment to innovation and design. The brand has successfully expanded its lineup to include a diverse range of vehicles, from performance oriented sedans like the CT4 and CT5 to spacious SUVs like the Escalade and XT6. The addition of electric vehicles such as the Lyriq and Escalade IQ demonstrates Cadillac’s dedication to sustainability and cutting edge technology. Beyond its production models, Cadillac’s unofficial design projects showcase the brand’s creative vision and potential for future growth. The 2025 Caddy XLR revival, for example, offers a look into a potential…
Wednesday’s market has seen notable movements among stocks across various capitalization ranges. In the mega-cap and large-cap categories, IBM (NYSE:) has shown a robust increase, while Google Inc (NASDAQ:) has experienced a downturn. Carnival Corp-Exch (NYSE:) surged, and Constellation Energy Group-Exch (CEG) faced a significant drop. Here’s a closer look at some of the day’s big stock movers, from mega-caps to small caps. Mega-Cap Movers (Market Cap $200B+):IBM (IBM) to Announce Third-Quarter 2024 Financial Results, target raised at BofA; +2.56%Google Inc (GOOGL); falls on concerns DoJ could force break-up; -2.34%Avago Technologies (AVGO); +2.18% Pinduoduo (NASDAQ:); consolidates recent gains; -2.00% Costco…
The Chevrolet Chevelle, introduced in 1964 to compete with the downsized Ford Fairlane, evolved into a formidable muscle car by the late 1960s. While this was common for midsize cars of the era, the Chevelle’s most powerful version, the 1970 SS 454 LS6, stands out as a particularly exceptional achievement. Equipped with a 454 cubic inch LS6 V8 engine that produced a staggering 450 horsepower, the Chevelle SS 454 LS6 surpassed even the legendary Chrysler HEMI in terms of power output. The LS6 engine, essentially an LS5 with increased displacement and performance enhancements, delivered an impressive 450 horsepower and 500…
The XTRK from Ultimate Campers is a travel trailer that defies convention. Built to withstand the harsh Australian Outback, it’s a testament to rugged durability and off grid capability. This award winning camper has proven its mettle in some of the world’s most inhospitable places, making it a favorite among those who crave adventure and independence. With its robust construction, advanced features, and versatile design, the XTRK offers an unparalleled camping experience. Its off road capabilities allow it to traverse rugged terrain with ease, while its interior is thoughtfully designed to provide comfort and convenience. From its spacious kitchen to…
By Michael Martina, David Brunnstrom and Trevor Hunnicutt WASHINGTON (Reuters) -China has no justification for using an annual national day speech by Taiwan as a pretext for military pressure, the United States said on Wednesday, ahead of scheduled remarks by the island’s president that Taiwan officials say Beijing is likely to follow with military drills. Taiwan President Lai Ching-te is set to say in his national day speech on Thursday that China continues to harass the democratically governed island militarily and psychologically, and has been using every possible means to cause “chaos”. A senior U.S. administration official told reporters the…
The Durban Metro Police Service, South Africa’s third largest city, has added 50 Volkswagen Golf GTIs to its fleet. These high performance hatchbacks join Isuzu and Ford pickup trucks to enhance response capabilities and community service. The eighth generation Golf GTI’s efficient EA888 turbo engine delivers 241 horsepower and 273 pound feet of torque. Its DSG transmission sends power to the front wheels, providing a thrilling driving experience. While the pre-facelift Mk8 starts at $47,395, the 2024 model is priced at $31,965 in the US. The Mk8.5 upgrade increased power to 261 horsepower but eliminated manual transmissions, a feature that…
By Andy Sullivan, Matt Tracy and Michelle Conlin(Reuters) – Hurricane Milton threatens to swamp Florida’s troubled property-insurance market, potentially pushing prices higher and threatening coverage in a storm-prone region that already has the highest insurance costs in the nation.The mammoth storm, which analysts estimate could cause $60 billion to $100 billion in insured losses, is churning toward a state that has been shunned by national insurers, leaving residents to seek coverage in a market where commercial providers regularly fail or refuse to pay claims.”These are additional risks that, based on the fundamental principles of insurance, should not be present,” said…
Mansory, renowned for its extravagant and often controversial modifications, has once again pushed the boundaries with its latest creation: a heavily modified Ford GT. This particular build, which debuted several years ago, has aged poorly, revealing its kitschy design choices and lack of refinement. The over the top body kit, featuring aggressive lines, excessive carbon fiber elements, and exaggerated air intakes, clashes with the original car’s sleek and understated aesthetic. The result is a jarring and visually unappealing vehicle that fails to capture the spirit of the iconic Ford GT. Mansory’s Controversial Ford GT Redesign: Bold Styling Meets Extreme Performance…