Tesla has deployed dozens of self-driving Cybercabs without steering wheels or brake pedals on Austin streets, betting on public acceptance of fully autonomous rides. This rollout marks a step toward expanding the service to other cities, despite Tesla trailing competitors like Waymo in the number of autonomous taxis and trips completed. The company relies solely on cameras for navigation, unlike rivals using radar and lidar technology. Public skepticism remains high, with surveys showing most Americans uncomfortable with driverless cars. Tesla's stock rose over 5% on hopes the futuristic taxis will succeed, even as the company faces challenges including declining vehicle sales and past controversies involving Elon Musk.
Elon Musk announced that Tesla plans to create over 30,000 high-paying jobs in Austin by 2028 to build humanoid robots and Robotaxis, even as he predicts that within 10 years, a billion robots will outproduce all humans combined. This reflects Tesla'...
A trader placed a $10 million bet via options that SpaceX's stock will rise back above $175 by January 2028, a price level the stock hasn't reached since June. This bullish wager involves selling in-the-money puts, profiting if the stock stays above ...
Jim Cramer recommends revisiting the Magnificent Seven stocks—Amazon, Alphabet, Meta, Microsoft, Nvidia, Tesla, and Apple—after months of underperformance have made many of them undervalued. He highlights that massive AI infrastructure investments by...
Tesla released a form inviting businesses to buy Cybercab fleets or support its robotaxi infrastructure, indicating a shift from solely operating its own autonomous vehicles to partnering with third-party operators. This move suggests Tesla aims to s...
Tesla is launching the Cybercab, a small, gold, two-seater autonomous sedan with no steering wheel or pedals, in Austin, Texas. This marks Tesla's bold step toward building a robotaxi network, shifting the company from just an automaker to an AI and ...
