Tesla announced it has built its 10 millionth electric vehicle, marking a major milestone toward CEO Elon Musk's goal of producing 20 million vehicles by 2035. This achievement fulfills half of the production target tied to Musk's $1 trillion pay package. Despite strong growth from models like the Model 3 and Model Y, Tesla has yet to sell 2 million vehicles in a single year, suggesting it may reach 20 million vehicles only in the early 2030s. The company faces challenges including declining U.S. sales and rising costs, but remains ahead of competitors like Rivian and Lucid Motors. Tesla is also progressing on other goals like Full Self-Driving subscriptions but is still early in developing robots and robotaxis.
Tesla, Inc. is rated as a hold despite a 27% price correction, due to ongoing high capital expenditures signaling a multi-year growth phase and near-term cash flow challenges. Meanwhile, SpaceX is recommended as a starter buy before Q2, offering uniq...
Virtuix Holdings has sold its Omni One Enterprise system to Tesla's Optimus humanoid robot division, marking its first major enterprise sale beyond consumer gaming. The Omni One's omni-directional treadmill enables real-time human movement translatio...
The US Federal Communications Commission (FCC) has restricted imports of foreign-made humanoid robots citing cybersecurity risks, escalating tensions with China. China's commerce ministry condemned the move, calling it damaging to US-China trade rela...
India's Gen Z protests highlighted Instagram's growing political influence, with Prime Minister Modi posting a selfie video that garnered nearly 400 million views. Meta dominates India's social media landscape with WhatsApp, Instagram, and Facebook b...
Tesla's stock fell 18% last week, marking its steepest weekly decline since 2022. Investors reacted negatively to CEO Elon Musk's plans to invest heavily in robotaxi technology and artificial intelligence, raising doubts about near-term profitability...
