Table of Contents

• Tesla

• Perplexity

Top Stories Today

Economy & Finance

Tesla

Tesla shares climbed over 5% following news that President-elect Donald Trump's team plans to establish federal rules for autonomous vehicles, potentially simplifying approval processes. Elon Musk, recently named to lead government efficiency efforts, has criticized current state-by-state regulations. While unified regulations could accelerate Tesla's Full Self-Driving (FSD) advancements, FSD still requires oversight and is under investigation for safety concerns. The stock's surge, fueled by hopes of regulatory leniency due to Musk's political connections, has pushed Tesla's valuation and price-to-earnings ratio significantly higher than traditional automakers and some major tech companies.

Technology

Perplexity

Perplexity, an AI-driven search company, has introduced a new shopping hub aimed at enhancing its platform and competing with Google in the search space. The launch, backed by investors like Amazon founder Jeff Bezos and Nvidia, features visual product cards that provide detailed information and integrate with platforms such as Shopify to showcase recent product data from global merchants shipping to the U.S. The update includes a "Snap to Shop" tool, allowing users to search for items using photos. Perplexity is also rolling out a "Merchant Program" for retailers to supply product details and is in the process of securing funding that could value the company at $9 billion, positioning itself to compete with offerings from OpenAI's ChatGPT.

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