Tag TSLA

Tech titan Elon Musk says artificial intelligence will eventually become so advanced in capabilities that it will eliminate the need for humans to have jobs...

Last week, Cruise, the robotaxi unit under the umbrella of General Motors , shuttered its driverless operations across all its fleets for the foreseeable future. The decision to do so came days after the California Department of Motor Vehicles revoked the company's license to operate driverless vehicles in the state, citing safety concerns. The operational pause was initiated, according to a statement, to give Cruise more time to re-examine the safety of its processes and systems...

As prominent automakers begin to postpone electric vehicle production plans in the face of seemingly softening EV demand, the confidence of one of Tesla's biggest rivals has not been shaken...

The Elon Musk-led automaker has cut sticker prices multiple times this year to fend off new lower priced electric vehicles from eating into its depleting market share. Tesla has cut the prices of its Model S premium sedan, Lucid Air's closest competitor, to $74,990. Lucid had previously cut prices for its cars in August as the company burned through cash as it ramped up production in a tough economy...

The pound has leapt higher after data showing the US economy added far fewer jobs than expected...

Biden took a risk in September by visiting a picket line of striking auto workers. It paid off...

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