Tesla — electric vehicle manufacturer developing autonomous driving technology and the Cybercab robotaxi, subject to safety recalls and regulatory investigations in 2026.
Shares of Google and Tesla plunged on Thursday as investors were spooked by the ever-increasing amounts of money being spent on artificial intelligence (AI). …
… So that looks like extraordinary opportunities with extraordinary returns.” Tesla, the electric vehicle company controlled by Elon Musk, also reported negative free cash flow on Wednesday of $1.1bn for the second quarter due to its own increasing investment costs. …
Tesla CEO Elon Musk on Wednesday left the door open to the EV maker merging with his other trillion-dollar-plus-valued firm SpaceX, declining to dismiss the possibility and citing growing overlap between the companies. …
… It has also joined Tesla, Oracle and other tech companies in moving headquarters or major operations to Texas, known for lower taxes and business-friendly regulations. …
… He is also the world’s richest person, whose businesses include electric car company Tesla (TSLA.O), opens new tab and rocket and satellite company SpaceX (SPCX.O), opens new tab. …
A Texas woman is suing Tesla and a driver for at least $1m (£759,000) in damages after one of the electric vehicles crashed into her family home, killing her mother Jennifer Barbour filed her lawsuit in a local court on Tuesday, just days after her 76-year-old mother, Martha Avil …
… The reversal followed a sharp retreat in SpaceX and Tesla shares as technology stocks broadly tumbled, fuelled by growing doubts over the long-term profitability of artificial intelligence. …
… The post was shared by Elon Musk.” The tech tycoon, who also owns Tesla and SpaceX and has more than 240 million followers on X, has faced prior accusations of using his vast social media reach to inflame tensions or spread disinformation. …
Eleven carmakers, including Tesla and Xiaomi, launched software updates and vehicle recalls on Friday in China's largest-ever automotive recall campaign, as regulators tighten scrutiny of emergency door-release systems in electric vehicles. Most actions address concerns that emergency mechanical door release handles may be difficult to locate or operate during emergencies, with nine of the 11 carmakers planning to install warning labels free of charge and most deploying over-the-air software updates.
Eleven carmakers, including Tesla and Xiaomi, launched software updates and vehicle recalls on Friday in China's largest-ever automotive recall campaign, as regulators tighten scrutiny of emergency door-release systems in electric vehicles. Most actions address concerns that emergency mechanical door release handles may be difficult to locate or operate during emergencies, with nine of the 11 carmakers planning to install warning labels free of charge and most deploying over-the-air software updates.
Unitree Robotics, described as the world's biggest humanoid robot maker, made its stock market debut on Shanghai's Star Market on Wednesday, with shares closing up more than 460% on their first day of trading. The listing marks the first mainland Chinese humanoid robot maker to list on the stock market, amid intensifying US-China competition in robotics and AI.
Tesla is preparing for a public launch of Cybercab, its autonomous vehicle without pedals or steering wheel, starting in Austin, Texas as soon as this month with employee rides before incorporating the vehicle into its robotaxi service. The company has been conducting test drives, offering rides on private roads, and training local first responders ahead of the rollout.
Ferrari's first all-electric vehicle, the Luce, sold for $40 million at a RM Sotheby's charity auction in California, more than 35 times the usual Ferrari Luce price. Proceeds from the sale will be donated to the Ferrari Foundation's educational programmes.
Intel announced plans to raise $15 billion through a share sale to fund expansion of its chip contract manufacturing business. Bloomberg reported Intel could increase the offering to about $20 billion priced at $95 per share or higher, with investor demand exceeding $100 billion.
Nvidia has raised $500bn in capital from major investors including Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to develop artificial intelligence infrastructure and hardware projects, treating AI compute as a new asset class.
U.S. House Democrats are developing an investigative strategy targeting companies and financial firms surrounding President Trump, using hearings, subpoenas, and document requests rather than pursuing immediate impeachment. Democrats say this approach, informed by lessons from Trump's first term, aims to build evidence of whether Trump used his power to benefit himself, allies, or donors.
Geek+, a Chinese robotics firm, supplies autonomous mobile robots to major British retailers including Tesco, Asda and Next. The robots automate warehouse tasks, increasing picking speeds and storage capacity while reducing errors, and the company has become the world's largest supplier of autonomous mobile robots.
The Trump administration announced a ban on new foreign-made humanoid robot imports to the US, citing unacceptable risks to national security. The ban also covers power inverters used in data centres and solar panels, with the FCC citing concerns about surveillance and cyberattack risks.
The Trump administration announced a ban on new foreign-made humanoid robot imports to the US, citing unacceptable national security risks; the FCC also banned power inverters used in data centres and solar panels, saying they pose economic risk.
Samsung Electronics and Broadcom have agreed to a partnership envisaged to exceed $200 billion until 2030, combining Broadcom's chip design expertise with Samsung's manufacturing capabilities for memory chips, contract chip making, and advanced packaging.
Alphabet's share price fell nearly 7% and Tesla's dropped 14.5% after both reported negative free cash flow and pledged billions more in AI spending. Alphabet expects to spend up to $205bn this year on AI and infrastructure, while investors question when financial benefits will materialize.
Alphabet recorded negative free cash flow of $5.9bn in recent months for the first time in at least a decade, driven by spiralling capital expenditures on artificial intelligence infrastructure expected to hit $205bn this year. Despite combined quarterly revenue rising 23% to $119.8bn, the company's stock fell 4% as spending on AI servers and data centres continues to accelerate.
Tesla CEO Elon Musk declined to dismiss a potential merger between Tesla and SpaceX on the company's earnings call, citing growing overlap between the firms and noting that any such combination would require appropriate processes. Tesla already supplies batteries and manufacturing technologies to SpaceX projects, and the companies are jointly developing Terafab, a semiconductor manufacturing facility.
Samsung Electronics has cut 739 roles at its Englewood Cliffs, New Jersey office and some 100 workers at its Plano, Texas office as it moves its consumer electronics headquarters to Texas; a majority of affected workers received relocation offers, while others were let go.
A U.S. magistrate judge ordered Elon Musk to testify under oath in two class-action lawsuits accusing him of defrauding voters in swing states by promising a $1 million-a-day giveaway before the 2024 election. The judge also recommended that Musk and America PAC face a claim that they tricked voters into providing personal information, though a related breach-of-contract claim should be dismissed.
A Texas woman is suing Tesla and a driver for at least $1m in damages after a Tesla Model 3 crashed into her family home, killing her 76-year-old mother. The lawsuit accuses Tesla of defective design and negligence, while Elon Musk and Tesla engineers disputed on social media that the autonomous driving technology was to blame.
Tech entrepreneur Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following SpaceX's public debut; his fortune fell to $957 billion from $1.11 trillion as SpaceX and Tesla shares retreated amid a broader technology stock downturn driven by concerns over artificial intelligence profitability.
The National Highway Traffic Safety Administration has opened a formal inquiry into a June 19 crash in Texas in which a Tesla Model 3 sped off the road into a house, killing a 76-year-old woman inside. The driver reported the vehicle was operating with an automated driving assistance system at the time.
German public broadcaster ZDF removed part of a report claiming Elon Musk called for migrants to be hunted in Northern Ireland, conceding the wording was "misleading." The report followed violence in Belfast triggered by a knife attack that prompted unrest and international attention.
Elon Musk achieved trillionaire status on Friday with an estimated net worth of about $1.11 trillion, according to Bloomberg, driven by a record-breaking SpaceX stock market debut and the rising value of his stakes in Tesla and SpaceX over the past six years.
SpaceX, owned by Elon Musk and private investors, has launched an initial public offering with shares trading on the stock market as of Friday, raising at least $75bn at $135 per share. The company, which operates in space exploration, satellite communication, and AI ventures, plans to use the capital to expand current activities and fund new ventures including asteroid mining, Mars colonisation, and space-based AI data centres.
SpaceX raised a record $75 billion in its initial public offering on Thursday. Following the share sale, Elon Musk's net worth surpassed $1 trillion, making him the world's first trillionaire.
The US Department of Defence has added major Chinese companies including e-commerce firm Alibaba and electric vehicle maker BYD to a list of firms with alleged ties to the Chinese military, raising tensions between Washington and Beijing. The inclusion is intended to alert American organisations to business risks but does not immediately impose sanctions.
Elon Musk's SpaceX has announced a suggested share price of $135 in advance of its planned initial public offering, valuing the company at approximately $1.75tn and aiming to raise $75bn—which would be a record for an IPO if achieved.
Elon Musk's SpaceX said its shares should go for $135 each in an SEC filing, setting its valuation at roughly $1.75tn as it approaches an initial public offering set for next week. The move is unusual, as companies typically only share an estimated share price the day before trading begins.
Ferrari unveiled its first electric vehicle, the Luce, designed by iPhone designer Sir Jony Ive, but the $640,000 five-seater car faced widespread criticism from investors, politicians, and internet users, with the firm's shares falling 8% after the launch and a former chairman warning it risks destroying the brand's legend.
SpaceX postponed its Starship rocket launch due to a malfunctioning hydraulic pin on the launch tower and plans another attempt on Friday. The delay comes as SpaceX prepares for a record-breaking stock market debut on Nasdaq, the largest IPO in Wall Street history, which could make Elon Musk the first-ever trillionaire.
The largest union at Samsung Electronics has suspended a planned strike after reaching a last-minute tentative pay agreement, easing concerns about disruption to the world's largest memory chipmaker. The dispute centred on how to distribute profits from soaring AI chip demand, with the union representing nearly 48,000 workers securing changes to bonus distribution between memory chip divisions and other units.
Elon Musk's SpaceX has announced plans to go public on the US stock market under the ticker SPCX, in what could be the largest IPO in Wall Street history. The filing reveals SpaceX had $18.6bn in revenue last year but a net loss of $4.9bn, and with Musk's majority stake, the IPO could push his net worth above $1 trillion.