Tesla has inked its first deal to build a grid-scale battery power plant in China. The U.S. company posted on the Chinese social media service Weibo that the project would be the largest of its kind in China when completed.
Key Points in This Article: The Magnificent Seven, a group of tech giants driving the S&P 500 to 2025 highs, heavily influence the index due to their significant market-cap weightings, but Tesla's (TSLA) declining stock value questions its place.
Tesla's robotaxi service is set to officially hit the road this Sunday in Austin, Texas after years of preparation. A lot is riding on this plan for Elon Musk.
Wedbush sees a 'trillion-dollar' new autonomous era beginning for Tesla Inc (NASDAQ:TSLA) with the launch of its Model Y Robotaxi service in Austin this Sunday. The rollout will start small, about 20 cars operating in a “geofenced” area, but Wedbush expects the service to steadily grow across roughly 25 US cities over the next year.
Tesla hasn't sold a single paid robotaxi ride to the public. Meanwhile, Waymo is on the road demonstrating a real-world robotaxi service.
Tesla is expected to tiptoe into its long-awaited robotaxi service in Austin, Texas, as soon as Sunday with about 10 of its Model Y SUVs that will operate within strict limits. CEO Elon Musk has said the company is being "super paranoid" about safety and that humans will remotely monitor the fleet.
Tesla (NASDAQ: TSLA) is surging in pre-market hours on June 20, up 1.18% to $325.85, well above Barclays' freshly reiterated $275 price target.
Tesla stock has been about robotaxis for months. The service is set to start in just a couple of days.
Tesla's first China grid-scale battery storage station using its megapack batteries will be located in Shanghai, local media Yicai reported on Friday.
The global economy is quietly entering a new industrial age, one built not on smoke-belching chimneys or assembly-line steel, but on the humming precision of robots, and the hard-to-source elements that power them. According to UBS, we're standing on the brink of a sweeping technological shift that could dramatically change how economies produce, compete and consume.
Democratic lawmakers in Texas are calling for the EV maker to delay its robotaxi launch until September.
A group of Democratic Texas lawmakers has asked Tesla to delay its much-anticipated robotaxi launch in Austin until September, when a new autonomous-driving law is scheduled to take effect.