A Tesla “Cybercab” in downtown Austin, Texas, on Sept. 3, 2026. Ronaldo Schemidt | Afp | Getty Images Tesla shares slid 6% on Friday after the electric vehicle maker’s long-awaited Cybercab update failed to impress investors who are betting the company can become a major player in the U.S. robotaxi market currently dominated by Alphabet’s…
Investors should keep an eye out for excessive valuations and focus on productivity when it comes to investing in AI companies, market watchers say. Source link
A Tesla Cybercab drives in Times Square following an appearance in New York City, U.S., Oct. 27, 2025. Brendan McDermid | Reuters Tesla’s fledgling Robotaxi business teased fans with a post on X saying, “no steering wheel, no pedals,” a reference to the company’s forthcoming Cybercab driverless vehicles. Another post prompted riders to “try it…
Waymo’s new autonomous vehicle, called the Ojai, drives in Venice Beach on Wednesday, May 27, 2026. Allen J. Schaben | Los Angeles Times | Getty Images Alphabet’s Waymo is expanding its commercial service, and Amazon’s Zoox said it plans to test in more U.S. cities, as the nascent robotaxi market gains momentum. Waymo, which has…
A combination photo shows CEO of OpenAI Sam Altman (L) on April 28, 2026 and Elon Musk on April 29, 2026 during the trial in Elon Musk’s lawsuit over OpenAI for-profit conversion at a federal courthouse in Oakland, California, U.S. Manuel Orbegozo | Reuters OpenAI announced late Friday that it is ending developers’ access to…
Singapore-based Vertex Ventures, backed by Singapore state investor Temasek, has made investments in Chinese robotics startups, including Unitree Robotics. SINGAPORE — Chinese robotics companies shut out of the U.S. by new restrictions on advanced robots can still reach American buyers by building genuine operations in Singapore, according to a Temasek-backed venture firm that counts humanoid…
Ship 40 is stacked atop Booster 20 in preparation for Flight 13 at SpaceX’s South Texas facility in Cameron County, Texas, on July 22, 2026. Reginald Mathalone | Nurphoto | Getty Images Elon Musk is continuing his push into the Southern U.S. with SpaceX, his aerospace and tech conglomerate, planning a $100 billion launch facility…
Exterior view of the Tesla Gigafactory during a government-organised media trip in Shanghai, China, April 14, 2026. Go Nakamura | Reuters Tesla is voluntarily recalling about 3 million vehicles in China to address two separate safety issues, the latest setback for the company as it tries to remain a major player in the world’s largest…
Elon Musk, chief executive officer of Tesla Inc., left, and Jensen Huang, chief executive officer of Nvidia Corp., during the US-Saudi Investment Forum at the Kennedy Center in Washington, DC, US, on Wednesday, Nov. 19, 2025. Stefani Reynolds | Bloomberg | Getty Images Nvidia disclosed on Friday that its stake in Elon Musk’s SpaceX was…
Timon Schneider | Lightrocket | Getty Images Building on the growing popularity of livestreamed shopping, startup market Whatnot said on Friday that it has closed its latest round of funding at a $20 billion valuation, nearly doubling its valuation from less than a year ago. Whatnot, which said that it has more than 650,000 new…
