Goldman Sachs estimates that the total number of robotaxis on the road will increase from around 7,000 last year to 1 million by 2030
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Shares of the Chinese robotics company skyrocketed 460% when it debuted on Shanghai’s STAR market on Wednesday.
On Thursday, employees and early investors will be able to sell another 911 million shares worth some 12% of the company
China dominates humanoid robotics, with Interact Analysis finding Chinese companies make up 90% of global android shipments.
Subversive ETFs filed to launch two funds that specifically exclude companies associated with the world’s richest man.
The two-seat Fiat Topolino electric vehicle weighs just 1,073 pounds and is only about 8 feet long, with a max speed of 25 mph.
Even with the big sales resurgence, Tesla likely won’t touch its annual deliveries peak set in 2023, when it sold 1.8 million cars.
A new car cost an average $49,000 last month, according to Kelley Blue Book, and a truck set shoppers back by about $66,000.
SpaceX is expected to set aside 20% of its shares for retail buyers who’ve placed bids for more than $100 billion worth of shares.
R2 hitting the market marks a significant milestone for Rivian, one that could determine whether it becomes a household name.
Stellantis’s $69.6 billion revival plan includes nine North American models priced under $40,000 and refreshes of a dozen others.
The automaker posted first-quarter earnings before interest and taxes of $4.3 billion, easily beating analysts’ expectations.
Tesla trades at around 183 times forward earnings, behind only Boeing and Warner Bros. Discovery on the S&P 500.
The Roundhill Magnificent Seven ETF, which tracks Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla, has slid roughly 11% this year.
The battery cells Tesla is buying will be produced at a plant in Lansing, Michigan, previously run by LG and General Motors.
Change is the universal constant and even the Magnificent 7, being reshaped by AI upheaval, isn’t immune. Here’s what you should know.