Tesla’s energy storage business is growing faster than any other part of the company
Energy storage products like the Megapack, Megablock, and Powerwall drove
Transportation
Waymo robotaxi hits a child near a school, causing minor injuries
A Waymo robotaxi struck a child near an elementary school in Santa Monica, California, on January 23rd, causing minor injuries and prompting the National Highway Traffic Safety administration to open an investigation. The incident occurred during normal school drop off hours, with other children, a crossing guard, and several double-parked vehicles in the vicinity, NHTSA […]
Waymo robotaxi hits a child near an elementary school in Santa Monica
The child, whose age is not public, sustained minor injuries according to Waymo. The National Highway Traffic Safety Administration is investigating.
Tesla discontinuing Model S and Model X to make room for robots
Tesla will discontinue the Model S and Model X in the second quarter of 2026, Elon Musk said in an earnings call with investors today. Musk said the reasons for cancelling the vehicle programs was to make room at Tesla’s Fremont factory for production of its Optimus humanoid robot. “It’s time to basically bring the […]
Tesla is killing off the Model S and Model X
The company will stop making the pioneering EVs in the second quarter of 2026, CEO Elon Musk announced Wednesday.
Tesla invested $2B in Elon Musk’s xAI
Elon Musk’s AI company xAI disclosed earlier this month it had raised $20 billion.
Tesla says production-ready Optimus robot is coming soon
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 […]
Tesla profit tanked 46% in 2025
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 hits a grim milestone: its second straight year of decline
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 […]
Luminar sale approved despite last-minute mystery bid
An unidentified bidder submitted a Hail Mary offer that was “substantially higher” than the winning bid at auction. Founder Austin Russell has been circling a bid, but it’s not clear he was behind it.