Tesla invested $2B in Elon Musk’s xAI
Elon Musk’s AI company xAI disclosed earlier this month it had raised $20 billion.
Elon Musk’s AI company xAI disclosed earlier this month it had raised $20 billion.
In its earnings report, Tesla says that the third-generation version of its Optimus humanoid robot “meant for mass production” will be unveiled in the first quarter of 2026. This new version of Optimus will include “major upgrades from version 2.5, including our latest hand design.” And the company is making preparations for the first production […]
The company’s sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk’s company xAI.
Tesla just reported its second consecutive year of declining revenue and profits, further complicating Elon Musk’s $1 trillion effort to transform his company into a leader in AI and robotics. Meanwhile, the global EV market continues to grow, seemingly in spite of the pioneering company’s setbacks. Tesla said it earned $840 million in net income […]
Data collected and analyzed by Obi suggest a shift is underway.
Tesla’s robotaxis are not robotaxis in the sense that they’re not fully driverless and still feature safety monitors with access to a kill switch in case anything goes wrong. But the automaker is shaking things up with its approach to pricing, according to a new analysis of the nascent market. Obi, an app that aggregates […]
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There were times at this week’s meeting of the World Economic Forum when Davos seemed transformed into a high-powered tech conference.
Tesla scrapped its Autopilot driver assist feature that used to come standard in new vehicles, as it attempts to steer customers to its newly subscription-only Full Self-Driving (FSD) system. According to Electrek, the company removed Basic Autopilot as a standard feature from new Model 3 and Model Y vehicles in North America. That means in […]
The company is also currently facing a 30-day suspension of its manufacturing and dealer licenses in California for deceptive marketing about Autopilot’s capabilities.