Tesla — electric vehicle manufacturer that launched Semi trucks in Nevada and is preparing a Cybercab autonomous vehicle, subject to China's recall over door handle safety.
… can majorities in Congress. A White House official said the administration is “prepared to respond to oversight requests, no matter who is in the House or Senate.” Three sources said Apple Alphabet, Palantir, Blackstone , BlackRock and companies owned by Elon Musk, such as Tesla …
… ufacturing prowess, dense supplier networks and rapid product development to establish an early lead. “China is deliberately trying to build on some of those strengths,” says Chan. “As it reaches into new areas, from humanoid robots to industrial robots to delivery robots.” Tesla …
… Companies have also been quick to market their machines to businesses and the public ahead of US humanoid robot rivals like Elon Musk’s Tesla and Boston Dynamics.
… The have also been quick to market their machines to businesses and the public ahead of US humanoid robot rivals like Elon Musk’s Tesla and Boston Dynamics.
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. …
US President Donald Trump has announced a "Super Intelligence Force" led by Director of National Intelligence Jay Clayton to ensure the US leads in AI development and coordinate government engagement with the public, tech companies, and other stakeholders. The task force, which includes Federal Trade Commission Chair Andrew Ferguson and other officials, will report directly to the president.
US President Donald Trump has announced a "Super Intelligence Force" led by Director of National Intelligence Jay Clayton to ensure the US leads in AI development and coordinate government engagement with the public, tech companies, and other stakeholders. The task force, which includes Federal Trade Commission Chair Andrew Ferguson and other officials, will report directly to the president.
The Dangote IPO has sparked widespread enthusiasm in Africa, with millions treating share ownership as personal investment and pride rather than passive consumption. Positioned as an "IPO for the People" at ₦525 per share with a 10-share minimum, the offer targets around 10 million investors from market traders to pension funds.
Tesla formally launched its Semi electric trucks at a plant inauguration in Nevada on Thursday, nearly nine years after CEO Elon Musk first unveiled them in 2017. The company received an order this week for 2,500 Semis from a coalition including Microsoft and PepsiCo, nearly doubling the existing US fleet of electric Class 8 trucks.
US President Trump welcomed Chinese counterpart Xi Jinping at Joint Base Andrews with a military flyover and 100ft red carpet, marking Xi's first visit to Washington since 2015. The three-day summit is expected to cover AI, the Iran war, Taiwan, and trade negotiations.
Elon Musk's SpaceX has announced plans to build Starbase Louisiana, a $100bn launch site on a 125,000-acre site in southern Louisiana, with construction to start next year and first flights expected in 2029. The facility is projected to add more than 3,000 direct jobs and over 8,100 indirect jobs, with average wages 192% above the region's current average salary.
China's largest car recall affects more than 4 million vehicles, including 2.98 million Chinese-made Teslas, over safety concerns that minimalistic hidden door handles are difficult to locate and open in emergencies. Recalled Teslas will receive warning labels and a software update to automatically lower windows after a collision.
Tesla is recalling 2.98 million Chinese-made vehicles over door handles that are difficult to locate and open in emergencies, particularly if the car's low-voltage system fails in a collision. The recalled vehicles will receive warning labels and a software update to automatically lower windows after a crash.
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.