Daily Tech: Tech and Energy Giants Make Strategic Leaps Tesla, WeRide, Oklo, and Google in Focus

FutureGate | May 28 2025

Tesla Rallies on Tariff Relief and Musk’s Renewed Operational Focus

Tesla shares surged 6% following two key developments that reinvigorated market confidence. First, reports of potential tariff relief on EVs—particularly from China and Europe—helped ease concerns about near-term pricing pressure and competitive disadvantage in international markets. Second, CEO Elon Musk announced a return to “24/7 work mode”, suggesting renewed operational focus amid criticism over his divided attention between Tesla and DOGE. For institutional investors, the rally reflects a short-term sentiment boost, but also raises the expectation of improved execution and delivery metrics as Tesla heads into H2 2025.

WeRide Surges 18% on Saudi Arabia Robotaxi Launch via Uber Partnership

Autonomous vehicle startup WeRide ($WRD) jumped nearly 17% after announcing the launch of robotaxi trials in Saudi Arabia in collaboration with Uber. The trials, now active in Riyadh and AlUla, mark a significant step in WeRide’s strategy to establish a foothold in Middle Eastern mobility markets, which are seeing aggressive investment under Saudi Arabia’s Vision 2030 initiative. By integrating its autonomous driving platform with Uber’s ride-hailing ecosystem, WeRide is poised to scale quickly across urban centers in the region. From a fund manager’s lens, this move signals increasing real-world commercialization of AV tech, with emerging-market partnerships serving as a proving ground before larger Western rollouts.

Oklo Signs MOU with Korea Hydro & Nuclear Power (KHNP) to Accelerate Global Nuclear Rollout

Oklo ($OKLO), the advanced nuclear energy firm recently listed on the NYSE, signed a Memorandum of Understanding (MOU) with Korea Hydro & Nuclear Power (KHNP) aimed at co-developing and deploying small modular reactor (SMR) technology across global markets. The agreement provides Oklo access to KHNP’s technical capabilities and international regulatory relationships, while KHNP gains a channel to participate in the growing Western appetite for low-carbon baseload power. The news follows broader momentum in nuclear policy globally, including regulatory streamlining efforts in the U.S. and Europe. With nuclear increasingly back in favor as a clean energy solution, Oklo's potential timeline to commercial deployment may be meaningfully shortened—an important signal for long-duration investors betting on energy transition infrastructure.

Google Warns Quantum Advances Could Threaten Bitcoin’s Cryptographic Security

In a statement that’s drawing serious attention across both the tech and finance sectors, Google cautioned that its research in quantum computing has reached a point where cryptographic systems such as Bitcoin’s SHA-256 could be 20x easier to break than previously believed—once scalable quantum hardware becomes viable. While this scenario remains several years away, the implications are profound: Bitcoin and other cryptocurrencies rely on hash-based encryption that, in theory, could become obsolete or vulnerable in a post-quantum world. For institutional allocators and digital asset funds, the remarks from Google elevate the urgency of quantum-resilient cryptography and reinforce the need for proactive hedging strategies in crypto portfolios as the technology matures.