SunCar Technology Group reported a record annual revenue of $489 million for 2025, marking an 11% increase year-over-year, and achieved profitability in the third and fourth quarters with net profits of $1.4 million and $1.7 million respectively. The company significantly reduced its net loss to $2.4 million from $64.5 million in 2024, mainly due to lower share-based compensation expenses. SunCar expanded its AI-driven auto insurance and services through strategic partnerships, notably with ByteDance, enhancing product offerings like AI-based policy pricing and accident analysis. Looking ahead, SunCar maintains a strong outlook with a $600 million revenue forecast for 2026, driven by continued innovation and expanded partnerships with major EV manufacturers and financial institutions.
The National Transportation Safety Board (NTSB) reported that a Tesla driver pressed the accelerator pedal to 100%, overriding the Full Self-Driving (FSD) software, before crashing into a house in Katy, Texas, killing a resident. The Tesla was travel...
Google has announced its biggest solar power and battery storage purchase, investing in a project in Arkansas that will generate enough electricity to meet about 6% of the state's peak demand. The project, developed with Cypress Creek Energy, will ad...
Deutsche Bank reaffirmed its Buy rating on Tesla stock, setting a 12-month price target of $465, implying a 17% upside. The bank highlighted Tesla's long-term growth potential driven by autonomy, robotics, and AI, despite expecting Q2 earnings per sh...
The global hybrid robots market is projected to grow from $5.68 billion in 2026 to $10.03 billion by 2030, with a CAGR of 15.3%. Growth is fueled by advances in AI, autonomous operations, and smart manufacturing, alongside rising demand for robots in...
Tesla reported record vehicle deliveries in Q2 2026, but demand quality is weakening due to heavy discounts and lower average selling prices. Despite strong revenue growth, Tesla is expected to have negative free cash flow in 2026–2027 as capital spe...
