Everyone basically agrees: if you want people to transition from polluting gas guzzlers to electric cars, you have to make them more affordable. The luxury EVs, with their big battery packs and fine leather interiors, are all well and good, but if you really want to move the needle on EV adoption, we need more […]
Musk used to say Tesla would make 20 million cars and one million humanoid robots per year. The company’s board wants far less than that in exchange for $1 trillion.
Tesla spent a fraction on X in early 2025 compared to 2024. It also paid $300,000 to Kimbal Musk’s drone company.
Elon Musk could become the world’s first trillionaire if Tesla shareholders approve a new pay package that was just put forward by the company’s board. Musk would need to meet certain milestones in order to receive that eye-popping compensation, such as producing 1 million robotaxis and 1 million humanoid robots, as well as increase Tesla’s […]
A shareholder proposal would allow Tesla to invest in Elon Musk’s rival AI firm, xAI if approved. Tesla’s board didn’t recommend one way or another.
Tesla has proposed a new 10-year compensation plan for CEO Elon Musk that could be worth as much as $1 trillion even as the EV maker’s car business stumbles and it sets its sights on humanoid robotics and AI.
Qualcomm is joining forces with BMW on a new driver-assist system that will allow drivers to take their hands off the wheel on approved roads. Qualcomm, which supplies infotainment, driver-assist, and telematics systems to a variety of automakers, is looking to raise its portfolio in the auto industry, as more car companies turn to advanced […]
For years, BMW has been teasing its forthcoming next-generation “Neue Klasse” electric vehicle platform, complete with better batteries, better range, and an all-new “superbrain” with enhanced computing power. Today, the German automaker finally revealed the first Neue Klasse vehicle: the iX3. And at first glance, it has a lot to take in. The iX3, which […]
The company previously laid off around 140 workers in its manufacturing division in June.
The new funding, which was led by Redpoint, comes just five months after the startup launched out of stealth with a $25 million seed round.