Elon Musk loses $19 billion after Tesla shares plunge 14%. What’s spooking investors?Tesla shares experienced a significant drop of over 14% on Thursday. This decline followed the company's quarterly earnings report which fa...
Tesla short sellers mint $4 billion profit as shares nosediveTesla shares plunged up to 15% after weak quarterly earnings, triggering about $4.1 billion in one-day gains for short sellers. Concerns ov...
EV penetration may rise to 10-12% of total sales in FY27: Ind-Ra reportIndia's electric vehicle sales are projected to reach ten to twelve percent this fiscal year. E-two-wheelers will drive this adoption, supp...
Will robotaxi be the next big trigger for Tesla? Here’s what Elon Musk saidTesla is accelerating the rollout of its unsupervised robotaxi service in the US, with CEO Elon Musk outlining ambitious expansion plans wh...
Tesla Q2 Highlights: Bigger AI Bets, Thinner Margins, Mixed ResultsTesla beat revenue estimates in the second quarter but missed earnings expectations as margins weakened and free cash flow turned negative....
Elon Musk's Tesla posts cash burn as capex surges on AI, robotaxi pushTesla Inc.reported negative free cash flow of $1.1 billion in Q2 as heavy spending on AI, robotaxis and manufacturing weighed. Deliveries b...
Tesla earnings disappoint Wall Street as Elon Musk’s AI push, pivot beyond cars hurt profitsTesla's second quarter earnings missed profit estimates for the first time in over two years. The company reported negative free cash flow ...
Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffsUber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligen...
Global Market: Chinese tech firms raise over $27 billion in Hong Kong to fuel AI, chip expansionChinese technology firms are actively raising substantial funds in Hong Kong. These companies are financing growth in artificial intelligen...
Tesla Q2 Results: Investors eye margins, AI roadmap and earnings outlookTesla's Q2 results are expected to be driven by AI updates, Robotaxi progress and margins, with investors also tracking earnings, free cash...
Tesla expands robotaxi service to Orlando, Tampa ahead of earningsTesla has expanded its robotaxi service to Orlando and Tampa this week. This move aims to prove the company can scale its autonomous ride-h...
Tesla cash burn to test investor faith in AI betsCEO Elon Musk has pivoted the electric-vehicle maker's focus from manufacturing cars to building so-called physical AI businesses such as s...
Zoox recalls self-driving cars because they may not detect smokeLast week, the top U.S. auto safety official said self-driving car companies must quickly address a "clear pattern" of driverless vehicles...
Global Market: Momenta Global debuts nearly flat in Hong Kong after $751 million IPOMomenta Global shares debuted on the Hong Kong Stock Exchange with a muted reception. The autonomous-driving software developer raised HK$5...
Not just Elon Musk, retail investors are losing money in Tesla and SpaceX crash. What should you do?The sharp correction in Tesla and SpaceX has dented retail investors' portfolios, including those of Indians investing in US stocks. Expert...
Explained: Why Tesla shares crashed 7% to record worst single-day fall in 1 year despite record Q2 salesTesla shares plunged over 7% despite the EV maker reporting record second-quarter deliveries that beat Wall Street estimates. Analysts attr...
Autonomous driving firm Autobrains eyes robotaxi growth in Europe, CEO saysAutobrains, which is based in Tel Aviv and has an office in Munich, is developing lower-cost autonomous driving technology built around so...