Nevada's Transportation Authority has approved permits for Tesla, Uber, and Waymo to operate commercial robotaxi services in Clark County, including Las Vegas. Tesla can deploy up to 5,000 robotaxis, Waymo 1,000, and Uber 1,000 through partners Motional and Zoox, totaling up to 8,000 vehicles over the next year. However, Tesla expects to deploy only about half that number due to operational limits. This large-scale rollout could transform local transportation, sparking debate over job impacts and road congestion, with some local taxi groups opposing the rapid expansion. Uber advocates a hybrid model combining human drivers and robotaxis to ease integration and manage demand.
Ford shares dropped 4% after a rally driven by an unconfirmed report about future Bronco models reversed. The initial 4% gain was based on speculation of hybrid and pickup Bronco versions years away, which Ford has not confirmed. Meanwhile, General M...
The Vanguard Growth ETF (VUG) charges a very low fee of 0.03%, costing about $3 annually on a $10,000 investment. However, the real risk lies in its heavy concentration, with over 65% of the fund invested in just ten large-cap stocks like NVIDIA, App...
Tesla's stock has fallen over 25% year-to-date, driven by macroeconomic factors and market sentiment rather than fundamental issues. Despite margin compression and high capital expenditures on projects like Robotaxi and Optimus, Tesla reported strong...
Tesla and Rivian stocks rose 3% and 4% respectively, leading gains in the electric vehicle sector amid a drop in long-term Treasury yields following a Treasury Department announcement to double debt buybacks. Legacy automakers Ford and General Motors...
Tesla's future growth is expected to come more from its energy storage, robotaxi services, and humanoid robots than from Model Y production. Despite a 25% drop in shares this year, the company posted strong revenue growth and expanded its energy and ...
