China's WeRide enters Denmark, extending European footprintEurope has emerged as a key growth market for China's autonomous driving companies, following an earlier push into the Gulf region, as th...
Elon Musk loses nearly half of his wealth as SpaceX shares crash 46%. More downside ahead?Musk’s wealth peaked at around $1.33 trillion on June 16, when SpaceX shares soared to a lifetime closing high of nearly $202 apiece. Howev...
US regulator advances rules for steering wheel-free autonomous carsFederal regulators are allowing robotaxis to operate without steering wheels and potentially brake pedals. Amazon's Zoox vehicles received ...
Amazon's Zoox wins first US approval for paid robotaxis with no human controlsAmazon's Zoox secured US approval for limited commercial robotaxi deployment. This marks a significant milestone for autonomous vehicle tec...
MFs push back on Zepto valuation; PEs take AI betsHappy Monday! Zepto's IPO pricing expectation has run into resistance from top mutual funds. This and more in today's ETtech Morning Dispat...
Waymo explores ending Uber partnership: Financial TimesThe companies have increasingly clashed over operational and commercial issues, according to the report. Waymo has raised concerns about t...
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 ...
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...