Tag TSLA

Wayve, a U.K.-born startup developing a self-learning rather than rule-based system for autonomous driving, has closed $1.05 billion in Series C funding led by SoftBank Group. This is the U.K.’s largest AI fundraise ever and sits among the top 20 AI fundraises globally to date. Also participating in the raise was Nvidia and existing investor Microsoft. Waye’s early-stage investors included Meta’s head of AI, Yann LeCun. Wayve, which was founded in Cambridge in 2017, raised $200 million in a Seri...

Electric-vehicle maker Tesla came up a few times at Berkshire’s Hathaway’s annual meeting on Saturday...

Lucid Group reported first-quarter revenue above analysts' estimates on Monday as price cuts helped the company deliver more luxury electric sedans in the first three months of the year. It made 8,428 vehicles last year and analysts, on average, expected the company to make 12,677 units in 2024. Revenue for the first quarter was $172.7 million, compared with analysts' estimate of $156.99 million, according to LSEG data...

New rules from the Treasury Department will make it harder for vehicles to qualify for the federal EV tax credit, though the automakers were also granted a reprieve...

Elon Musk suggests that Warren Buffett should take a position in Tesla. iPhone dominated the smartphone market during Q1 - Counterpoint Research...

Tesla dropped the base model Model Y. The new Long Range RWD costs $2,000 more. Senior exec Tom Zhu is shifting from global to China duties...

So much AI potential can be had for under $1,000...

Out comes Tesla CEO Musk from the factory floor to one of more glitzy conferences of the year...