Earnings were weaker than expected, the near-term outlook is murky, EV sales are down, and Elon Musk is more distracted than ...

Tesla's recent performance highlights its potential for short-term gains, especially with the upcoming July earnings call and the Robotaxi hype ... as the first of the ‘meme stocks.’ ...

One-third of Elon Musk's company profits come from the appreciation of bitcoin. Out of the $2.32 billion (2.224 billion euros) that the electric car manufacturer Tesla earned in the fourth quarter, ...

Elon Musk had a lot to say about Tesla’s upcoming Robotaxi service on Wednesday. Tesla will be launching an unsupervised Full-Self Driving (FSD) service in Austin in June. What does that mean ...

General Motors announced major layoffs at Cruise, its robotaxi venture, as it moves away from robotaxis following an unfortunate event in Las Vegas last year. About 1,000 employees have been put ...

Uber customers in Austin may notice a new offer when they open the app and hail a ride: an invitation to signal their interest in a Waymo robotaxi. For now, this doesn’t translate into a Waymo ...

The automaker is also testing a similar robotaxi service in California. In those rides, a human is behind the wheel and ready to intervene if the self-driving vehicle encounters issues.

General Motors’ Cruise will lay off about 1,000 employees, including CEO Marc Whitten, as it shifts focus from robotaxi to personal self-driving vehicle development. The move follows the ...

The layoffs come nearly two months after GM said it would no longer fund the development of a commercial robotaxi business and would instead focus on building personal autonomous vehicle technology.

part of a previously announced plan to halt robotaxi service and absorb the operations into its broader business. Several of Cruise’s leaders, including Chief Executive Officer Marc Whitten ...

The move to gut the staff punctuates GM’s rapid retreat from the robotaxi business and strategic shift on self-driving cars. As recently as late 2024, the company had been planning to take the ...