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News
Uber sells $476M stake in Aurora Innovation through block trade
3+ week, 4+ day ago (350+ words) The ride-hailing giant trimmed its autonomous vehicle bet by offloading tens of millions of shares, though it still holds a sizable position in the self-driving trucking company. Uber just cashed out a significant chunk of its Aurora Innovation position, moving…...
Elon Musk's Tesla earnings calls are now AI and robotics presentations with a side of cars
1+ mon, 1+ week ago (401+ words) Tesla's $25 billion capex pivot toward Optimus robots and xAI investment tells you everything about where Musk thinks the money is heading Seven years of Tesla earnings calls tell a story that has very little to do with selling cars. An…...
Tesla's $3.3B cash burn raises questions about investor confidence in AI spending
1+ mon, 3+ week ago (343+ words) The automaker is expected to report its first negative free cash flow quarter in over two years, yet its Bitcoin stash remains untouched Tesla is about to walk into its July 22 earnings call with a number that will make some…...
Grok Bot successfully orders a Tesla Model Y for a user, marking a new era for AI commerce
2+ week, 5+ hour ago (449+ words) An AI assistant just completed one of the first publicly documented high-value purchases on behalf of a real user, with security guardrails in place. An AI just bought a car. Not in a demo. Not in a controlled lab environment....
Momenta kicks off Hong Kong IPO, targets $751M to fund autonomous driving and Robotaxi expansion
2+ mon, 2+ week ago (198+ words) The Chinese autonomous driving company is betting big on R&D and Robotaxi services, backed by cornerstone investors including Mercedes-Benz and BlackRock Momenta Global, the Chinese autonomous driving technology company, launched its initial public offering on the Hong Kong Stock…...
Tesla's anticipated Q2 2026 earnings report: Trading community weighs in
1+ mon, 3+ week ago (362+ words) Tesla's Q2 2026 results could shape crypto, automotive markets amid record deliveries and Bitcoin dynamics Analysts are bracing themselves for news of record-breaking vehicle deliveries. Tesla is expected to report a whopping 480,126 deliveries for Q2, which marks a 25% increase compared to last year....
Uber commits over $10B to scale autonomous vehicles across dozens of cities
1+ mon, 1+ week ago (442+ words) The ride-hailing giant is abandoning its asset-light playbook with massive fleet purchases and equity stakes in AV developers Uber, the company that built a $170B+ empire by convincing other people to use their own cars, is now buying its own. Over…...
Uber and Waymo end exclusivity deal in Atlanta and Austin, signaling shift in autonomous vehicle strategy
1+ mon, 2+ week ago (220+ words) The two companies are unwinding their robotaxi partnership city by city, with full separation expected by early 2027. Uber and Waymo are dissolving their exclusivity agreement in Atlanta and Austin, a move that effectively transforms what was once a tight partnership…...
SpaceX IPO raises concerns over Tesla's future as investors weigh their Musk bets
2+ mon, 2+ day ago (273+ words) The largest IPO in history has Wall Street wondering whether SpaceX and Tesla can coexist in the same portfolio, or if one eats the other. SpaceX went public on June 12 at $135 per share, raising $75 billion and smashing every IPO record…...
Tesla's $1T pay package for Musk hinges on sixfold stock growth to $8.5T market cap
1+ mon, 1+ week ago (448+ words) The performance-based compensation plan requires Tesla to become the most valuable company in human history by a wide margin, with implications that ripple into the crypto market Musk has long influenced. Tesla shareholders approved what might be the most audacious…...