LOS ANGELES — Electric vehicle startup Slate Auto expects to defy challenging market conditions and avoid the losses its peers have seen by profitably selling a highly customizable EV that starts at just under $25,000. Slate CEO Peter Faricy said every vehicle produced by the Michigan-based EV startup — which is backed by Amazon founder…
An exhibitor demonstrates a Unitree Robotics G1 humanoid robot at the Humanoids Summit in Tokyo, Japan, on Friday, May 29, 2026. Kiyoshi Ota | Bloomberg | Getty Images Morgan Stanley has sharply raised its outlook for China’s humanoid robotics market, saying the industry’s shift from demonstration to commercial deployment has proved faster than expected. The…
Rep. Ro Khanna (D-CA) questions U.S. Secretary of Defense Pete Hegseth as he testifies before the House Armed Services Committee April 29, 2026 in the Rayburn House Office Building in Washington, DC. Win Mcnamee | Getty Images Potential 2028 presidential hopeful Rep. Ro Khanna challenged newly minted trillionaire Elon Musk to a televised debate on…
A Tesla Model 3 is shown driving on the highway with FSD 14.2.2.3 self-driving supervised software in Irvine, California, U.S., Jan. 28, 2026. Mike Blake | Reuters The National Highway Traffic Safety Administration said on Monday that it has opened a special crash investigation into a Tesla incident where a Model 3 slammed into a…
SpaceX employees celebrate the market close of the SpaceX initial public offering (IPO) at the Nasdaq Marketsite on June 12, 2026, in New York City. Spencer Platt | Getty Images Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. Source link
SpaceX Executives ring the Closing Bell at the Nasdaq on the debut of their IPO on June 12th, 2026. Adam Jeffery | CNBC Following the astronomical success of the SpaceX IPO — raising $85.7 billion, valuing the newly public company in the trillions, and minting Elon Musk as the world’s first trillionaire — what many…
SpaceX Executives ring the Closing Bell at the Nasdaq on the debut of their IPO on June 12th, 2026. Adam Jeffery | CNBC SpaceX’s IPO didn’t just mint the biggest debut in market history — it also triggered a leveraged ETF historic land grab. Within days of SpaceX going public, competing fund firms launched 11…
SpaceX‘s record-breaking IPO boosted founder and CEO’s Elon Musk‘s personal stake in the company to more than $1 trillion. But he isn’t the only one seeing huge gains from SpaceX’s blockbuster listing. The IPO also minted thousands of new millionaires — and saw stakes of some shareholders surpass the billion-dollar mark. SpaceX’s debut week on…
A Waymo autonomous taxi outside the Google headquarters in Mountain View, California, Feb. 3, 2026. David Paul Morris | Bloomberg | Getty Images Waymo is recalling almost 3,900 robotaxis in the U.S. to fix software issues after some cars drove into freeway construction zones, according to notices filed with the National Highway Traffic Safety Administration. The…
Elon Musk‘s xAI is a “failure” that will be unable to compete on the frontier of artificial intelligence, Yann LeCun, founder of AMI Labs, told CNBC, as he laid out his view on what could cause a “big bubble explosion” in the industry. LeCun’s comments renew a long-running spat with Musk and cast doubt over…
