Swedish electric trucking company Einride announced plans to purchase 500 Tesla Semis, which will be integrated into its fleet over the next 24 months starting in September. This move will triple Einride's current fleet size and enhance its Saga AI fleet management software offering. The Tesla Semis will be available to customers including Amazon, expanding Einride's electric freight network across key U.S. corridors. Einride aims to convert potential long-term revenue from these partnerships into actual sales, signaling a major scale-up in its electric and autonomous trucking business.
SpaceX and Tesla reported their Q3 results with SpaceX showing higher revenue growth driven by AI cloud services and connectivity, while Tesla's revenue was flat with declining operating income due to rising R&D costs. SpaceX's heavy spending on AI c...
Ford CEO Jim Farley has projected a 20% increase in unit sales by 2032, driven by new EV models like the Fathom pickup. However, US EV sales are down 30% this year, and Ford's stock has fallen 38% over five years as investors doubt the forecast amid ...
Rivian's stock rose 4% following a UBS upgrade that highlights the potential of its lower-priced R2 SUV to improve automotive gross margins and drive profitability. The company reported a 38.3% revenue increase in Q3 2026 and raised its full-year del...
SpaceX stock fell 5.13% over the past two months, with a $1,000 investment now worth about $949. Investors are cautious due to the company's heavy AI investments, including a major deal with Anthropic, and high capital expenditures projected for Q4. ...
Tesla shares rose after a strong Q3 report and Barclays upgrading the stock to Buy. Key growth drivers include Robotaxi and Full Self-Driving technology, which saw significant usage growth and could start generating noticeable revenue by mid-2027. Te...
