(Reuters) -Tesla CEO Elon Musk has spent much of this year focused on the carmaker’s robotics pursuits and winning shareholder approval for his freshly minted $1 trillion pay package. In the meantime, the outlook for Tesla's main business – selling cars – is darkening. The electric-vehicle maker's sales fell 48.5% across Europe in October versus the same month last year, according to data released by the European Automobile Manufacturers' Association on Tuesday. For the year, its sales are down about 30% in the region, while industrywide EV sales jumped 26%...
Continue ReadingWaymo, owned by Google parent company Alphabet, operates part of its fleet of autonomous vehicles in California. Startups Apolo, AutoX, Nuro, WeRide, and Tesla Robotaxi and Zoox also operate in the state. But with so many options, Californians may be getting autonomous vehicle fatigue. .....
Continue ReadingOn Monday, Chinese President Xi Jinping highlighted the ongoing progress in U.S.-China trade ties after a phone call with President Donald Trump. This comes after it was reported that Washington is considering allowing Nvidia Corp (NASDAQ:NVDA) to .....
Continue ReadingAmazon is one way to invest in cloud computing and AI infrastructure, but the business is far from perfect...
Continue ReadingInvestors should be extra cautious when thinking about being contrarians and buying losers at the end of any calendar year...
Continue ReadingTesla (TSLA) Chief Executive Elon Musk's artificial intelligence startup xAI is expected to close a...
Continue ReadingTesla’s European sales almost halved last month, undermining hopes that the revamped Model Y will revive the company’s fortunes in the region. The electric-vehicle maker sold 6,964 cars in Europe in October, down from 13,519 in the same month last year, according to data released Tuesday by local trade body ACEA. Year to date Tesla’s sales have fallen 30% in the region compared to the same period of 2024, despite a broader rebound in EV sales...
Continue ReadingWith just weeks to go before Tesla CEO Elon Musk's self-imposed deadline to remove "safety monitors" in its Austin, Texas, robotaxi service, the EV giant and Musk are ramping up rhetoric stressing their autonomy and AI ambitions. Tesla stock fell in Tuesday's stock market. Musk claimed during October's third-quarter earnings call that Tesla plans to take its "safety monitors" out of the front passenger seats of Model Y robotaxis in Austin by the end of the year...
Continue ReadingTesla's European problem is only getting worse...
Continue ReadingInvesting.com -- Wedbush is doubling down on its bullish outlook for the technology sector, arguing that despite rising “AI Bubble” chatter, the market is still in the early stages of a multi-year investment cycle...
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