Hesai Group Secures Mercedes Deal as Tesla Gains Attention in Stock Market Movements
Key stock shifts include Hesai Group's Lidar sensor deal, Tesla's White House car show, and XPeng's potential robot investment.
- Hesai Group's stock surged over 50% after announcing a multi-year agreement to supply Lidar sensors to Mercedes-Benz.
- Tesla shares rose nearly 4%, following a private White House car show featuring Tesla vehicles hosted by President Donald Trump.
- XPeng's stock jumped nearly 15% after the company revealed plans to explore a significant investment of up to $13.8 billion in humanoid robotics technology.
- Kohl's shares dropped over 24% as the company warned of a challenging retail environment, with consumers increasingly seeking value-oriented purchases.
- The Dow Jones, S&P 500, and Nasdaq all closed lower on Tuesday, reflecting broader market declines influenced by mixed corporate earnings and economic indicators.