You could be flying above traffic to the airport in an electric air taxi for the same cost as an Uber (UBER) by 2025, at least according to Joby Aviation (JOBY). Electric Vertical Takeoff and Landing vehicles (eVTOLs) promise efficient, battery-powered transport akin to urban Ubers or Lyfts (LYFT) in the sky. With backing from major players like Delta (DAL) and Toyota (TM), Joby thinks they can be first to market in the crowded space. However, regulatory approval remains a key hurdle. The Federal Aviation Administration thinks a competitive, scaled air taxi market could launch in at least one location by 2028. Yahoo Finance spoke with industry investors, officials, and analysts, and traveled to Joby’s manufacturing facility in Marina, CA, to get a closer look at what to expect from this emerging sector. For those looking to play the future of aviation, regulatory hurdles, lack of infrastructure, and customer affordability are among the top considerations when sussing out eVTOL investments. If you’re going to future-proof your portfolio, you need to know what’s NEXT. In this series, Yahoo Finance will feature stories that give a glimpse at the future, and show how companies are making big moves today that will matter tomorrow. For more on our NEXT series, click here, and tune in to Yahoo Finance Live for more expert insight and the latest market action, Monday through Friday. Editor's note: This article was written by Luke Brooks...

Tesla will lay off more than 10% of its workforce, tech publication Electrek reported on Monday, citing an internal memo. Tesla told managers to identify critical team members, and paused some stock rewards while canceling some employees’ annual reviews, according to the report, which added that the firm also reduced production at Gigafactory Shanghai. The world's largest auto-maker by market value had 140,473 employees globally as of December 2023, according to its latest annual report...

(Reuters) -Tesla will lay off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles. "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Tesla CEO Elon Musk said in the memo. Tesla did not immediately respond to a request for comment...

Tesla lowers the price of its FSD subscription and the EV maker’s Cybertruck faces delivery delays, a report says Salesforce is in advanced talks to buy Informatica, and Apple loses the top spot as the world’s No. 1 smartphone provider. Goldman Sachs and Charles Schwab report earnings Monday...

U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. Tesla, which saw its global vehicle deliveries decline in the first quarter for the first time in nearly four years, is stepping up efforts to expand into new markets. It wants to begin with a showroom of 3,000 to 5,000 square feet (280-465 square metres) as well as a service hub in each city, said one of the people familiar with the plans...