It's a big week for car enthusiasts as the Detroit Auto Show kicks off, showcasing some of the newest cars from automakers around the globe. Scott Evans, Editor at Motor Trend, joins The Long and The Short from Detroit to give a recap of what we can expect from Ford, GM, and even Lamborghini.
Trucks and SUVs are trending this year as Ford introduces its $100,000 truck. Car groupies will also see the debut of the all-new Chevrolet Silverado and Ram 1500. These are full-size trucks that go against the best selling vehicle in America, the Ford F-150. Evans sites low gas prices as a reason why these automakers are bringing back the SUV.
Plus, the debut of the all-new Lamborghini Urus. Evans says it shows that SUVs are the future when a sports car company starts producing the vehicle.
Also, where is Tesla? The car company won't show anything at the Detroit Auto Show. Evans says unless it has a new car to unveil, Tesla doesn't feel the need to be present. Evans also talks about Silicon Valley versus Detroit when it comes to the auto capital of America. He explains that the two regions are working together more than people think.
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
Ali Kashani, CEO of Serve Robotics, dives into their $63.3M acquisition of Vayu Robotics and how it's accelerating the future of autonomous delivery systems.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
