Dara Khosrowshahi, CEO of Uber, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC Uber reported second-quarter results on Wednesday that beat on revenue and announced the authorization of a $20 billion stock buyback. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per…
Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Sergio Flores | Reuters Firefly Aerospace has lifted the share price range for its upcoming initial public offering in a move that would value the space technology company at more than $6…
Tesla‘s board has awarded CEO Elon Musk an interim pay package of 96 million shares, according to a filing out Monday, which would be worth about $29 billion. The company said in the filing that Musk’s new package will include shares that vest in two years as long as he continues as CEO or in…
A jury in Miami has determined that Tesla should be held partly liable for a fatal 2019 Autopilot crash, and must compensate the family of the deceased and an injured survivor a portion of $329 million in damages. Tesla’s payout is based on $129 million in compensatory damages, and $200 million in punitive damages against the…
A Tesla vehicle passes the Wilkie D. Ferguson Jr. U.S. Courthouse as jury selection began in connection with allegations regarding the safety of Tesla’s autopilot system on July 14, 2025 in Miami, Florida. Joe Raedle | Getty Images Tesla is facing a crucial verdict in a personal injury trial over a fatal Autopilot crash in…
Elon Musk has expanded a number of his companies within Texas, including Tesla, SpaceX, the Boring Co. and Neuralink. Tesla broke ground on a lithium refinery in Texas earlier this year with Governor Greg Abbott in attendance. Christophe Gateau | Picture Alliance | Getty Images Elon Musk’s tunneling venture, The Boring Company, announced plans earlier…
Tesla has signed a $ 16.5 billion deal to get the next generation chips from Samsung. “Samsung’s veteran will be dedicated to the new Texas Fab Tesla’s next generation AI6 chip,” Elon Musk Posted On the late Sunday evening at X. “Its strategic significance is difficult to overstate.” Tesla’s AI6 (aka hardware 6) chip is…
The government’s efficiency department expects to use a new AI tool to eliminate half of the regulatory mandate of the federal government, According to Washington Post, with citing a reference A powerpoint presentation On 1 July, the post reports that the DOGE AI Deragulation Decision Equipment has to analyze around 200,000 federal rules and identify…
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images At Tesla, vehicle sales are slumping, profits are thinning and revenue from regulatory credit sales are poised to dry up due to Republican-led…
Tesla has opened the doors to its first diner Supercharger station in Los Angeles. CEO Elon Musk first teased the concept of building a drive-in themed charging station in 2018. On Monday, that vision was finally realized. Tesla describes the two-story restaurant, constructed of a steel exterior inspired by the Cybertruck, as retro-futuristic. It features…
