Tesla has opened its first dedicated plant in Sparks, Nevada, to mass-produce its Semi electric truck, targeting annual output of up to 50,000 units. Expectations around Tesla’s self-driving technology rise as its in-car AI mentions possible unsupervised driving with FSD V15, while approval across Europe is delayed again. In South Korea, Kakao has moved to block a U.S. ADR listing plan for Kakao Mobility, citing concerns it would mainly aid TPG’s stake liquidity.

Kakao has moved to block Kakao Mobility’s push to list American depositary receipts in the United States, objecting to a structure focused on liquidity for second-largest shareholder TPG’s existing stake. Kakao’s board said it opposed proceeding under the current plan after reviewing shareholder protection measures and the impact on Kakao and its common shareholders. Kakao also cited concerns over dual listing burdens, NAV discount expansion and potential conflicts of interest.