The high-profile trial between Elon Musk and Sam Altman is scheduled to begin on Monday with jury selection. In his $134 billion lawsuit, Musk claimed that OpenAI, Altman and the company's president, Greg Brockman, reneged on a vow they made to keep the AI lab a nonprofit in perpetuity.
Tesla Inc (NASDAQ:TSLA) has begun manufacturing its Cybercab robotaxi, according to CEO Elon Musk, marking a key milestone in the company's effort to expand into autonomous ride-hailing services amid a broader slowdown in electric vehicle demand. Musk said on Friday via the social media platform X that production of the Cybercab is now underway at Tesla, Inc., fulfilling earlier statements that the vehicle would enter manufacturing in 2026.
DZ Bank up graded Tesla stock to Hold from Sell.
California New Car Dealers Association's first-quarter (Q1) report, published on April 22, showed that Tesla (NASDAQ: TSLA) made significant gains in terms of electric vehicle (EV) market share.
Tesla Inc. has started manufacturing its long-awaited Cybercab robotaxi, Chief Executive Officer Elon Musk said in a post on social media platform X. Click Here The announcement marks a key milestone in the company's push into autonomous ride-hailing, even as its global vehicle sales continue to face pressure.
While Tesla's (NASDAQ: TSLA) latest quarterly double beat led to initial investor enthusiasm and some analysts, like Wedbush's Dan Ives, to declare that the firm is ‘morphing into a physical AI stalwart,' while assigning a $600 price target, others had a starkly different reaction.
Tesla TSLA ), the domestic EV market leader, saw its stock dip 3% in Thursday's trading session after reporting favorable Q1 results yesterday evening, but announced that its CapEx will be about $5 billion higher than initially expected this year.
Elon Musk admits owners with outdated self-driving hardware who purchased the option will require a major retrofit effort.
Tesla says rising gas prices have boosted interest in its electric vehicles. The surprisingly optimistic comments came weeks after the automaker reported lower-than-expected car sales to start the year and as it pivots its focus to AI and robotics.
Tesla on Wednesday said it's ramping spending on AI. That could be a sign of what's to come when a slew of Big Tech companies report results next week.
The company plans to replace old vehicle computers in a plan that one analyst said seemed “expensive and perhaps not even sensible.”
Tesla Inc (NASDAQ:TSLA)'s first quarter earnings report drew a generally positive, though measured, response from analysts at Bank of America and Wedbush, who highlighted stronger-than-expected automotive margins and continued investment in autonomy and artificial intelligence as central to the company's outlook. Bank of America highlighted upside in Tesla's core automotive business as the primary driver of the earnings beat.