Ultime notizie per FAT Brands (NASDAQ:FATBP) Azioni

FAT Brands

FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, acquires, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts around the world. The company operates as a franchisor of restaurants, where the company generally does not own or operate the restaurant locations but rather generates revenue by charging franchisees an initial franchise fee as well as ongoing royalties. For some of the company's brands, it also directly owns and operates restaurant locations. Its brands include Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, and Elevation Burger among others. Geographically, the majority of the revenue for the company is generated from the United States.

FAT Brands Inc. - 8.25% Series B Cumulative Preferred Stock

FAT Brands Inc

News

Reported Earlier, Dyne Therapeutics Prices $200M Public Offering Of 24,242,425 Common Shares At $8.25 Each

The Supreme Court rejected Monday an appeal to block the Internal Revenue Service from accessing&nbsp; Coinbase Global Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) user data.
What happened: The apex court denied a request from James Harper, a Coinbase account holder, who argued that the summons by the IRS demanding users' transaction data violated their privacy rights under the Fourth Amendment.
Harper filed a lawsuit against the agency in 2020, but it was dismissed by the U.S. District Court for the District of New Hampshire in 2021.
The Supreme Court decided not to review the decision, meaning that the lower court's ruling stands.
Coinbase filed an amicus brief in May supporting Harper's case, arguing that the government&#8217;s sweeping data <a href="https://www.benzinga.com/government/regulations/25/05/45185950/coinbase-challenges-irs-data-demands-at-us-supreme-court">requests threaten Americans&#8217; digital privacy</a>.&nbsp;
Paul Grewal, Coinbase's legal head, expressed disappointment with the decision but vowed to "continue the fight."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Someday we will wake up to the truth that expectations of privacy do not disappear when personal information is entrusted to a third party. Just not today. We will continue the fight. <a href="https://t.co/Lgv7w9g7sY">https://t.co/Lgv7w9g7sY</a>
&mdash; paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1939909627568955584?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
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Price Action:&nbsp; Shares of Coinbase dipped 0.58% in after-hours trading after closing 0.82% lower at $350.53 during Wednesday's regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the stock has gained 41%.
COIN demonstrated a very high momentum score—a measure of the stock&#8217;s relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. To check out equities with an even higher Momentum score, head to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="557" height="242" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01022837/image-2.png" alt="" class="wp-image-967904" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01022837/image-2.png 557w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01022837/image-2-300x130.png 300w" sizes="(max-width: 557px) 100vw, 557px" /></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/46186154/cathie-woods-monday-moves-loads-up-on-amd-stock-lightens-coinbase-crypto-bet">Cathie Wood&#8217;s Monday Moves: Loads Up On AMD Stock, Lightens Coinbase Crypto Bet</a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46148904/donald-trump-says-bitcoin-takes-a-lot-of-pressure-off-the-dollar"> </a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Markets

COIN

Coinbase Legal Head Vows To 'Continue The Fight' After Supreme Court Rejects Appeal To Block IRS From Accessing User Data

Reported Earlier, Tempus AI Prices Upsized $650M Convertible Senior Notes Due 2030 At 0.75% Interest, Reflecting $250M Increase Over Initial Plan

Former Vice President&nbsp;Mike Pence&nbsp;is mobilizing his advocacy group,&nbsp;Advancing American Freedom, to push for&nbsp;an extension of the 2017&nbsp;tax cuts, a key component of the reconciliation package currently under review in Congress.
What Happened: Advancing American Freedom, founded by Pence, has initiated a campaign to extend the 2017 tax cuts.&nbsp;The group has launched a website that offers information and resources highlighting the advantages of the tax cuts. The website also explains how allowing the tax cuts to expire could lead to tax increases for families and businesses, and highlights how the tax cuts have contributed to federal revenue, &nbsp;<a href="https://thehill.com/business/5376453-pence-group-pushes-tax-cuts-extension/?ref=biztoc.com">reported</a>&nbsp;The Hill.
The website launch is being paired with a letter to lawmakers and their staff, promoting it as a &#8220;one-stop shop&#8221; for information on why the tax cuts should be extended. The group is also restarting its ad campaign in Washington, D.C., featuring a spot that urges lawmakers to support the extension.
The Senate is currently advancing the reconciliation package, which features an extension of the 2017 tax cuts, increased funding for border security, and other major components of President Donald Trump&#8216;s agenda. However, some Republicans have expressed concerns about the bill&#8217;s potential effect on the national debt and Medicaid provisions.
SEE ALSO: <a href="https://benzinga.com/news/politics/25/07/46186877/emmanuel-macron-calls-tariffs-blackmail-white-house-shoots-back-saying-trump-is-doing-whats-right-f" target="_blank" rel="noreferrer noopener">Emmanuel Macron Calls Tariffs &#8216;Blackmail,&#8217; White House Shoots Back Saying Trump Is &#8216;Doing What&#8217;s Right For Our People&#8217;</a>
Why It Matters: The&nbsp;extension of the 2017 tax&nbsp;cuts has been a contentious issue in Congress. The&nbsp;<a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033">Congressional Budget Office</a>&nbsp;(CBO) estimated that the tax changes, including extending the 2017 tax act, would increase the federal deficit by $3.8 trillion. This has raised concerns about the bill&#8217;s&nbsp;impact on the national debt, a concern that has been echoed by some Republicans.
In May, it was reported that the 2017&nbsp;<a href="https://www.benzinga.com/politics/25/05/45178685/tax-cuts-and-jobs-act-could-expire-at-end-of-2025-without-congressional-extension-what-this-means-for-you">Tax Cuts and Jobs Act</a>&nbsp;could expire at the end of 2025 without a congressional extension. With Republican control of the presidency, the House of Representatives, and the Senate,&nbsp;an extension of the 2017&nbsp;tax bill was expected to be a priority. However, the bill&#8217;s progress has been slow, and its potential&nbsp;impact on the national debt&nbsp;has been a point of contention.
Meanwhile, Pence has recently become more vocal in backing Trump's policies, despite having criticized them on multiple occasions in the past. In June, he&nbsp;lauded Trump&#8217;s <a href="https://www.benzinga.com/news/politics/25/06/46046249/mike-pence-lauds-trumps-decisive-leadership-on-the-historic-mission-against-irans-nuclear-program-i-couldnt-be-more-proud">decisive leadership</a>&nbsp;in the historic mission against Iran&#8217;s nuclear program, praising the U.S. military&#8217;s courage and professionalism in executing the mission as a continuation of the Trump administration&#8217;s firm policies.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46186853/ray-dalio-says-politicians-that-promise-not-to-raise-your-taxes-not-aligned-with-preventing-a-big-debt-dollar-crisis-to-me-thats-a-tragedy">Ray Dalio Says Politicians That Promise Not To &#8216;Raise Your Taxes&#8217; Not Aligned With Preventing A &#8216;Big&#8217; Debt, Dollar Crisis: &#8216;To Me, That&#8217;s A Tragedy&#8217;</a> </li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Mike Pence's Advocacy Group Launches Campaign To Extend Trump's 2017 Tax Cuts: Report

Reported Earlier, KKR Launches Ascend Asia Financial Services Group In Singapore To Elevate Financial Advisory Industry Standards

<ul>
<li>34,611&nbsp;vehicles delivered in June, up 224% YoY</li>
<li>Achieved a new record quarterly deliveries of 103,181 units in Q2 2025</li>
<li>First-half 2025 deliveries hit 197,189 units, surpassing total deliveries in 2024</li>
<li>30,000+ monthly deliveries sustained for eight consecutive months</li>
</ul>

XPEV

XPENG's June 2025 Delivery Update: Delivered 34,611 Vehicles, Up 224% Yoy; H1 Total At 197,189, Surpassing Full-Year 2024

Zscaler Prices $1.5B Offering Of 0.00% Convertible Senior Notes Due 2028

Baidu, Inc. announced the appointment of Mr. Haijian He as&nbsp;Chief Financial Officer of the Company, effective immediately.
Concurrently, Mr.&nbsp;Junjie He&nbsp;will step down from his position as Interim Chief Financial Officer and assume the role of Senior Vice President in charge of human resources and administrative functions. In addition, Ms. Shanshan Cui will serve as Secretary General to the Organizational Culture Committee of Baidu.

BIDU

Baidu Names Haijian He CFO; Junjie He To Oversee HR And Administration As Senior VP

Macro Economic Events

Econ #s

Economics

U.K. Nationwide HPI (YoY) For June 2.1% Vs. 3.3% Est.; 3.5% Prior

U.K. Nationwide HPI (MoM) For June -0.8% Vs. -0.2% Est.; 0.4% (Revised) Prior

AMZN

Amazon Unveils Its Biggest Prime Day Yet: Four Days Of Unmatched Savings, Trending Products, And Member-Exclusive Deals

Elon Musk revived his Latin rallying cry Monday, posting "VOX POPULI, VOX DEI" — the voice of the people is the voice of God — after voicing his displeasure over President Donald Trump's "Big, Beautiful Bill."
What Happened: The Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX chief said more than 80% of 1.9 million respondents backed his June 5 poll seeking a new party "that actually represents the 80 percent in the middle," and warned that, if Congress approves the spending package, <a href="https://www.benzinga.com/news/politics/25/06/46186733/elon-musk-staging-a-political-comeback-tesla-ceo-sparks-america-party-buzz-as-he-slams-trumps-insane-spending-bill">he will launch</a> an "America Party" the next day.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">VOX POPULI VOX DEI 80% voted for a new party <a href="https://t.co/JkeOlG7Kl4">https://t.co/JkeOlG7Kl4</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1939900498892792236?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote>
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Musk labeled the $5 trillion deficit-ballooning plan an "insane spending bill" and derided both major parties as the "Porky Pig Party," promising to fund primary challengers against any lawmaker who votes yes.
The One Big Beautiful Bill Act pairs $3.8 trillion in tax cuts with $1.2 trillion in social-program reductions, a combination the Congressional Budget Office says will deepen the deficit by $3.3 trillion over ten years. Musk is <a href="https://x.com/elonmusk/status/1939051424995786839">certain</a> that the bill will &#8220;destroy millions of jobs&#8221; and provide &#8220;handouts to industries of the past.&#8221;
See also: <a href="https://www.benzinga.com/news/politics/25/07/46186965/trump-to-visit-alligator-alcatraz-migrant-detention-center-this-week-amid-deportation-push-report">Trump To Visit &#8216;Alligator Alcatraz&#8217; Migrant Detention Center This Week Amid Deportation Push: Report</a>
Musk's criticism is also aimed at the sections of the bill that propose tax hikes on a range of energy projects. These include solar, battery, geothermal, wind, and nuclear energy projects. Tesla has significant interests in both battery energy storage systems and solar photovoltaics.
Why It Matters: Musk's distress marks the latest rupture with Trump, whom he once advised and backed financially during the 2024 campaign. The billionaire's feed over the past 24 hours slammed the bill as "<a href="https://www.benzinga.com/news/25/06/46177116/elon-musk-calls-trumps-megabill-political-suicide-says-it-is-utterly-insane-and-destructive-will-des?">political suicide</a>," reposted charts on rising interest costs, and celebrated bipartisan critics like Sen. Rand Paul (R-Ky.).
Trump's campaign <a href="https://www.whitehouse.gov/articles/2025/06/myth-vs-fact-the-one-big-beautiful-bill/">defended</a> the measure Monday night, arguing the tax breaks will "unleash American energy," while the White House insisted cuts to green subsidies and Medicaid are necessary to curb runaway deficits.
It is also interesting that Musk had <a href="https://x.com/elonmusk/status/1593769469741932544">used</a> the same phrase when restoring Trump's X account in 2022, "Vox populi, vox Dei."
Photo Courtesy: Frederic Legrand &#8211; COMEO On Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/tech/25/07/46187171/ford-ceo-jim-farley-praises-chinese-evs-amid-affordable-ev-platform-plans-its-the-most-humbling-thing">Ford CEO Jim Farley Praises Chinese EVs Amid Affordable EV Platform Plans: &#8216;It&#8217;s The Most Humbling Thing&#8217;</a>

Politics

TSLA

Elon Musk Is Unhappy With Trump's 'Big Beautiful Bill' And Just Reminded Everyone That 80% 'Voted' For A New Party

President Donald Trump launched a criticism of electric vehicle mandates and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk on Tuesday, suggesting his former government efficiency advisor&#8217;s empire depends entirely on federal subsidies.
What Happened: &#8220;Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa,&#8221; Trump wrote on Truth Social. &#8220;No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a fortune.&#8221;
The president&#8217;s broadside comes amid Tesla&#8217;s deteriorating market position and Musk&#8217;s ongoing criticism of Trump&#8217;s &#8220;Big Beautiful Bill,&#8221; a nearly 1,000-page spending and tax package. Trump specifically suggested the Department of Government Efficiency (DOGE), which Musk previously headed, should examine billions in subsidies flowing to his companies.
Tesla faces mounting headwinds across key markets. Sales in <a href="https://www.benzinga.com/markets/tech/25/06/46162850/tesla-sales-in-canada-have-dropped-to-nearly-zero-says-researcher-expects-elon-musk-led-ev-giant-may-report-losses-starting-2026">Canada plummeted 87% in Quebec during the first quarter of 2025</a>, with researcher Troy Teslike warning the company may report GAAP losses starting in the first quarter of 2026. Tesla continues operating 35 Canadian stores despite near-zero sales. 
The EV mandate criticism reflects Trump&#8217;s campaign promise to roll back former President Joe Biden-era clean energy incentives. &#8220;Electric cars are fine, but not everyone should be forced to own one,&#8221; Trump stated, emphasizing his consistent opposition predated Musk&#8217;s presidential endorsement.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="665" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01011053/image-1024x665.png" alt="" class="wp-image-967842" style="width:391px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01011053/image-1024x665.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01011053/image-300x195.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01011053/image-768x499.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01011053/image.png 1192w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46186180/raoul-pal-says-robinhood-letting-users-trade-openai-spacex-through-blockchain-is-democratization-of-finance-end-of-public-vs-private-markets-has-begun">Raoul Pal Says Robinhood Letting Users Trade OpenAI, SpaceX Through Blockchain Is &#8216;Democratization Of Finance&#8217; — End Of Public Vs Private Markets Has Begun</a>
Why It Matters: The feud reignited tensions between the former allies following Musk&#8217;s June departure from the Trump administration. Musk, who reportedly <a href="https://www.benzinga.com/news/politics/25/06/46166058/elon-musk-birthday-trump-tax-bill-economy">contributed over $250 million to Trump&#8217;s 2024 campaign</a>, has repeatedly attacked the spending bill as &#8220;utterly insane and destructive.&#8221; The Congressional Budget Office estimates the legislation would increase federal deficits by more than $3 trillion over a decade.
Tesla&#8217;s stock has declined amid political controversy surrounding Musk&#8217;s government role. His net worth, which peaked at $440 billion in December, dropped to $363 billion following Tesla&#8217;s <a href="https://www.benzinga.com/news/politics/25/05/45710505/elon-musks-government-efficiency-push-a-closer-look-at-his-financial-gains-and-losses">value erosion and vandalism</a> targeting dealerships during his government tenure.
The president&#8217;s subsidy criticism carries particular weight given SpaceX&#8216;s reliance on NASA contracts and Tesla&#8217;s dependence on EV tax credits. 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46186965/trump-to-visit-alligator-alcatraz-migrant-detention-center-this-week-amid-deportation-push-report">Trump To Visit &#8216;Alligator Alcatraz&#8217; Migrant Detention Center This Week Amid Deportation Push: Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Equities

SPACE

Trump Says Elon Musk Would 'Close Up Shop And Head Back Home To South Africa' Without Subsidies: 'No More Rocket Launches, Satellites, Or Electric Car'

Elon Musk&#8216;s xAI has successfully secured a massive $10 billion in fresh debt and equity. This move is a bid to expand AI infrastructure through data centers, amidst intensifying industry competition.
What Happened: Musk&#8217;s xAI has completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, reported Reuters. 
Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) said, in a post on X, that the debt raise includes financing of secured notes and term loans. The bank said the deal was oversubscribed and attracted prominent global debt investors. The equity investment is aimed at supporting xAI&#8217;s continued development of AI solutions, a data center, and its flagship Grok platform, the bank stated.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Morgan Stanley is pleased to announce the successful completion of a $5 billion financing of Secured Notes and Term Loans for <a href="https://twitter.com/xai?ref_src=twsrc%5Etfw">@xAI</a>, a leading innovator in artificial intelligence technology. This transaction, which was oversubscribed and included prominent global debt investors,… <a href="https://t.co/0QM5jruviN">pic.twitter.com/0QM5jruviN</a>
&mdash; Morgan Stanley (@MorganStanley) <a href="https://twitter.com/MorganStanley/status/1939768047780172184?ref_src=twsrc%5Etfw">June 30, 2025</a></blockquote>
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</figure>
See Also: <a href="https://benzinga.com/markets/macro-economic-events/25/06/46163141/trump-says-hell-skip-trade-deals-set-global-tariffs-with-a-letter-pay-a-25-tariff-o">Trump Says He&#8217;ll Skip Trade Deals, Set Global Tariffs With A Letter: &#8216;Pay A 25% Tariff, Or 20%, Or 40 Or 50%&#8217;</a>
The company is also in talks to raise about $20 billion in equity, which would value the company at more than $120 billion, with some investors placing valuations as high as $200 billion.
Why It Matters: This recent development comes just weeks after reports emerged that xAI was <a href="https://www.benzinga.com/markets/bonds/25/06/45853241/elon-musks-xai-seeks-5-billion-via-morgan-stanley-amid-trump-rift-and-2022-twitter-debt-hangover-report">rapidly exhausting its financial reserves</a>, with estimates suggesting a staggering monthly expenditure of approximately $1 billion. This underscores the extraordinary capital demands of developing sophisticated <a href="https://www.benzinga.com/opinion/25/06/46036767/musks-xai-reportedly-burns-1-billion-monthly-why-that-matters-to-ai-investors">AI systems</a> in today&#8217;s fiercely competitive landscape, raising crucial questions for investors regarding the long-term viability of AI startups operating outside the umbrella of tech giants with deep pockets.
According to an earlier report, xAI had also been in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans. This move, <a href="https://www.benzinga.com/25/05/45413741/elon-musk-wants-a-proper-value-for-xai-after-6-billion-raise-100000-gpus-and-a-quiet-100-million-deal-most-missed">coupled with</a> the recent debt and equity raise, signifies xAI&#8217;s aggressive pursuit of capital to stay ahead in the AI arms race.
Meanwhile, the AI industry has been witnessing significant shifts, with <a href="https://www.benzinga.com/markets/tech/25/06/45943342/google-microsoft-elon-musks-xai-reportedly-cut-ties-with-scale-ai-after-mark-zuckerbergs-meta-buys-stake">major players like</a> Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) making strategic moves to advance their AI capabilities. This latest development from xAI is expected to further intensify the <a href="https://www.benzinga.com/tech/25/02/43761023/elon-musks-xai-to-unveil-grok-3-on-monday-as-ai-race-with-chatgpt-parent-openai-and-chinas-deepseek-heats-up">competition</a> in the industry. 
Photo Courtesy: JRdes on Shuttertsock.com
Read Next: 
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/tech/25/06/46186013/mark-zuckerberg-once-predicted-that-this-technology-would-replace-your-phone-a-decade-later-how-far-">Mark Zuckerberg Once Predicted That This Technology Would Replace Your Phone — A Decade Later, How Far Is Meta From Delivering On A &#8216;More Natural&#8217; Future</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

GOOG

GOOGL

MSFT

Elon Musk's xAI Secures $10 Billion In Debt And Equity Amid Soaring Burn Rate As AI Arms Race Intensifies

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) CEO Jim Farley has hailed Chinese EVs as competition from Chinese automakers gets stiffer throughout the globe.
What Happened: "It&#8217;s the most humbling thing I have ever seen. Seventy percent of all EVs in the world, electric vehicles, are made in China," Farley said at an event, Yahoo Finance reported <a href="https://finance.yahoo.com/news/fords-ceo-says-chinas-ev-054800452.html">on</a> Monday.
The CEO praised the vehicles for the advanced technology, hailing Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) and Huawei's presence in "every car" in China. "You get in, you don&#8217;t have to pair your phone. Automatically, your whole digital life is mirrored in the car," Farley said.
He also said that part of the reason why Ford couldn't offer such technology in its vehicles is because Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google "decided not to go in the car business."
"Beyond that, their cost, their quality of their vehicles is far superior to what I see in the West. We are in a global competition with China, and it&#8217;s not just EVs. And if we lose this, we do not have a future Ford,&#8221; Farley added.
Why It Matters: Farley's comments come in as Ford plans on releasing products on its new <a href="https://www.benzinga.com/markets/tech/25/06/46020713/ford-says-upcoming-budget-ev-platform-will-rival-chinese-ev-prices-report">affordable EV platform</a> in 2027. The company says its platform could rival Chinese competitors and match them in cost.&nbsp;
Ford is also going ahead with the plans to <a href="https://www.benzinga.com/markets/tech/25/06/46074112/ford-to-proceed-with-3-billion-battery-plant-despite-potential-tax-incentive-loss-under-trumps-budget-plan-we-stick-behind-our-investments">set up a battery plant</a>, investing over $3 billion in the plant, which will be in Michigan.&nbsp;
However, Chinese automakers are also pushing more competitively priced and feature-rich EVs. Recently, Xiaomi unveiled the company's first-ever all-electric SUV <a href="https://www.benzinga.com/markets/asia/25/06/46132552/telsla-model-y-rival-xiaomi-yu7-suv-receives-nearly-300000-orders-in-1-hour-in-china">dubbed the YU7</a>, which closely rivals the Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Model Y.
BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) also unveiled its <a href="https://www.benzinga.com/markets/tech/25/06/45855643/tesla-rival-byd-launches-15000-seal-06-sedan-as-chinas-ev-price-war-heats-up">Seal 06 Sedan</a>, priced at over $15,000 in China, increasing the competition in China's domestic car industry amid the <a href="https://www.benzinga.com/news/topics/25/06/45715047/byds-aggressive-pricing-triggers-ev-rat-race-stock-tumbles-authorities-voice-concern">EV price war</a>.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="196" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01005320/F-JUL-1-2025-1024x196.jpg" alt="" class="wp-image-967829" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01005320/F-JUL-1-2025-1024x196.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01005320/F-JUL-1-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01005320/F-JUL-1-2025-768x147.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01005320/F-JUL-1-2025-1536x295.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01005320/F-JUL-1-2025.jpg 1564w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Ford scores well on Value and Quality metrics, while offering satisfactory Momentum and Growth. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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Photo courtesy: Tada Images / Shutterstock.com

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Ford CEO Jim Farley Praises Chinese EVs Amid Affordable EV Platform Plans: 'It's The Most Humbling Thing'

A New York state judge says the mother of a Manhattan teen who died subway surfing can try to hold Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and TikTok's parent company, ByteDance, legally responsible for fueling her son's fatal stunt addiction.
What Happened Justice Paul Goetz ruled Friday that Norma Nazario can pursue wrongful death, product liability and negligence claims against Meta and ByteDance, the owners of Instagram and TikTok, respectively, reported Reuters.
Her 15-year-old son, Zackery Nazario, died in February 2023 after a low beam struck him atop a Brooklyn-bound J train on the Williamsburg Bridge.
The Judge said that Nazario can try to prove that the social media giants "goaded" her son into subway surfing by addicting him to videos of dangerous challenges.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46178725/meta-pursues-superintelligence-with-new-openai-hires-stock-climbs-to-fresh-highs">Apple Has the Potential To Crush Meta&#8217;s Ray-Ban Smart Glasses, Says Ming-Chi Kuo, But The Tech Giant Has Been &#8216;Surprisingly Slow&#8217;</a>
Meta and ByteDance called the death "heartbreaking," but claimed immunity under Section 230 of the Communications Decency Act, which typically shields platforms from liability for user content, the report said.
The judge disagreed, allowing the case to move forward.
Nazario's lawsuit also named New York City's Metropolitan Transit Authority, but the judge dismissed those claims, writing that "the realities of life in this city" should have signaled the risks of subway surfing.
Why It's Important: This case highlights mounting legal challenges for social media companies accused of <a href="https://www.benzinga.com/news/23/07/33193441/most-dangerous-tiktok-challenges-till-date-a-grave-warning-against-reckless-social-media-trends">addicting minors to harmful content</a>.
At least six people have died subway surfing in New York City this year alone, according to police, the report said.
Subway surfing — also known as train surfing — involves climbing onto the roof or exterior of a moving train. The risky stunt mirrors the concept of the popular mobile game Subway Surfers, where players dash along train tops to gather coins and rewards.
Last year, at a court hearing in Oakland, California, Meta CEO Mark Zuckerberg and his attorneys pushed back against claims that he should be <a href="https://www.benzinga.com/news/24/02/37303967/mark-zuckerberg-says-hes-not-responsible-for-childrens-addiction-to-instagram-and-facebook-in-respon">held personally responsible</a> for a wave of lawsuits accusing Facebook and Instagram of fueling child addiction to social media.
Price Action: According to <a href="http://pro.benzinga.com/dashboard">Benzinga Pro</a>, Meta's stock slipped 0.012% in after-hours trading to $738.
Benzinga's Edge Stock Rankings show that Meta's shares remain on an upward trajectory across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/01004129/Screenshot-2025-07-01-at-10.09.56%E2%80%AFAM.png" alt="" class="wp-image-967814" /></a></figure>
Photo Courtesy: Koshiro K On Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Meta, TikTok Can Be Held Liable For Subway Surfing Death Of 15-Year-Old Boy Addicted To Viral Challenges, Says New York Judge

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FAT Brands, Inc. Sued for Securities Law Violations - Contact The Rosen Law Firm Before August 6, 2024 to Discuss Your Rights - FAT

Fat Brands Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Central District of California against Fat Brands Inc.

SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of FAT Brands

Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Central District of California against Fat Brands Inc.

Securities Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Central District of California against Fat Brands Inc.

DEADLINE REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of FAT Brands

SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of FAT Brands

FAT Deadline: FAT Investors Have Opportunity to Lead FAT Brands Inc. Securities Fraud Lawsuit First Filed by the Firm

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