Tesla, Inc. (Nasdaq: TSLA), a renowned electric vehicle and clean energy company, is increasing the protection of its intellectual property with two new patents awarded by The United States Patent and Trademark Office (USPTO).

The first patent, No. US 11,681,649 B2, titled "Computational array microprocessor system using non-consecutive data formatting," showcases Tesla's innovative approach to microprocessor systems, employing unique data formatting methods.

The second patent, No. US 11,682,754 B2, titled "Methods and apparatuses for energy storage device electrode fabrication," highlights Tesla's advancements in electrode fabrication for energy storage devices. This patent reflects the company's ongoing commitment to enhancing the efficiency and performance of energy storage technologies.

These patents reflect Tesla's commitment to advancing technological innovation in various aspects of its operations. By securing intellectual property rights, Tesla aims to safeguard its advancements and maintain a competitive edge in the rapidly evolving electric vehicle and clean energy market.

In pre-market, $TSLA is currently trading at $258.22, showing a decrease of $2.32 (-0.89%).

In another news, Alibaba Group Holding Limited (NYSE: BABA) has announced key leadership changes within the company. 

Joseph C. Tsai, the current Executive Vice Chairman, will assume the role of Chairman, succeeding Daniel Zhang. Eddie Yongming Wu, Chairman of Taobao and Tmall Group, will step in as the new Chief Executive Officer, replacing Mr. Zhang. Both appointments are scheduled to take effect on September 10, 2023.

In this transition, Mr. Zhang will maintain his position as Chairman and Chief Executive Officer of Alibaba Cloud Intelligence Group, ensuring continuity and his continued contribution to the company.

$BABA is currently trading at $89.85, down $2.25 (-2.44%) in pre-market.

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