News

Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the ‌extent of a major investment by the ride-hailing company in developing commercial robotaxis. Uber has ​been positioning itself as a platform for the nascent industry and has partnered with many autonomous vehicle companies, including Chinese tech giant Baidu, U.S. electric vehicle maker Rivian, and British startup Wayve. One of Uber's commitments is a three-way partnership with Nuro and electric vehicle company Lucid to roll ‌out 35,000 robotaxis using Lucid's Gravity ⁠SUVs and upcoming midsize vehicles, Nuro's technology and Uber's platform.

Investing.com -- Tesla announced Wednesday the launch of its unsupervised robotaxis across the Austin Metro area, accelerating the company’s push into autonomous ride-hailing.

Tesla said on Wednesday it was rolling out its unsupervised robotaxis ‌in the Austin Metro area in Texas, ‌as the electric-vehicle maker looks to speed up its autonomous ​ride-hailing operation. Expanding the robotaxi service and wider adoption of its full self-driving software - a version of which underpins the technology - is key to Tesla's growth ‌strategy after CEO ⁠Elon Musk pivoted the company's focus from EVs to AI and robotics. The service ​has been operating ​in Austin for nearly ‌a year, where customers sometimes experience wait times in excess of 30 minutes.

(Bloomberg) -- The world might have to wait a little longer for its first trillionaire. Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtTikTok Billionaire Overtakes Mukesh Ambani as Asia’s Second-Richest PersonRBI May Have Sold Gold to Save FX Reserves, BE Analysis ShowsBased on reports that SpaceX is planning to offer shares in an upcoming

SpaceX's growth story may be captivating, but there are also some significant risks that come with the stock that investors should be wary of.

(Bloomberg) -- SpaceX aims to sell 555.6 million shares ​at $135 apiece for its record-breaking $75 ​billion ⁠initial public ​offering, Reuters reported, citing an unidentified person familiar with the matter. Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtCanada Dips Into Technical Recession for First Time Since 2020SpaceX Staffers Prep for Multimillion-Dollar Windfalls by Pushing for VIP TermsAndr

$1.75 trillion That is the valuation being considered by SpaceX in its blockbuster initial public offering planned for next week. That number could change a lot in coming days, but if it holds it would make Elon Musk’s rocket maker the seventh-largest U.

Tesla stock bounced on Tuesday as CEO Elon Musk reminded investors about where his EV company started and how far it’s come. Don’t expect SpaceX to follow the same trajectory even as Musk tries to justify SpaceX’s valuation. The move came after Musk tweeted that Tesla’s IPO market cap was only 0.1% of its current market cap.

A merger between Tesla Inc. and SpaceX could reportedly trigger Elon Musk‘s $1 trillion Tesla pay package without the EV giant having to reach any operational milestones. $1 Trillion Package Kicks In With Merger? The package, which features operational milestones...

Experts are starting to believe in a potential megamerger.

Tesla stock rebounded early Tuesday as CEO Elon Musk reminded investors about where his EV company started and how far it’s come. The move came after Musk tweeted that Tesla’s IPO market cap was only 0.1% of its current market cap. The tweet also comes just ahead of SpaceX’s massive IPO, which is expected to raise a record amount of cash, and could value the rocket company at $2 trillion.

Tesla influencer AleXandra Merz said that a 50/50 SpaceX-Tesla merger could revalue Tesla from $1.6 trillion to $2.05 trillion.

Tesla (TSLA) has developed one of the most important advantages in the electric vehicle (EV) industry over the years. The corporation doesn’t only move a lot of EVs. It has also been a benchmark for maximizing the driving range from every kilowatt-hour of battery capacity. It matters to drivers who ...

Tesla's Optimus robot may have a new challenger, and it's the one CEO Elon Musk least wanted to see: OpenAI.

SpaceX’s (NASDAQ:SPCX) newly released investor prospectus has offered the public its clearest look yet at the finances, ambitions and internal workings of Elon Musk’s flagship company ahead of its planned $1. 75 trillion stock market debut next month.

Broadcom's quarterly results and earnings calls are worth following for AI growth stock investors.

Media reports and even people betting on Kalshi continue to see an increasing likelihood that all of Elon Musk's companies could soon merge.

Wedbush analyst Dan Ives believes there is better than an 80% chance Tesla and SpaceX merger in 2027.

A new Fortune analysis gauges what a merger would mean financially.

Marvel has a Hulk. SpaceX has "the Algorithm."

The prospective valuation of Elon Musk's space and artificial intelligence (AI) company would need to fall by an additional $1.25 trillion to escape historical bubble territory.

The fastest path doesn't run through the Nasdaq fund everyone's watching — analysts say a plain total-market fund in millions of retirement accounts could be positioned to buy within a week of the IPO. And SpaceX lost $4.9 billion last year. Here's what it means for the money you've already invested.

For years, Tesla dominated Elon Musk's growth narrative. But SpaceX may soon compete for investor attention, capital, and excitement.

McDonald said a $2 trillion valuation for SpaceX leaves little room for Tesla-like returns.

The SpaceX initial public offering is exciting, but Tesla investors shouldn't welcome the idea of a future merger between the two companies.

June 1 () - Australia's Syrah Resources said on Monday Tesla had withdrawn a notice of intent ‌to terminate a graphite supply deal, ending months ‌of negotiations that saw the two companies extend a resolution deadline ​four times. Syrah aimed to supply 8,000 metric tons of graphite anode materials to electric vehicle maker Tesla over a four-year period from its Vidalia plant in the U.

June 1 () - Australia's Syrah Resources said on Monday Tesla had withdrawn a notice of intent ‌to terminate a graphite supply deal, ending months ‌of negotiations that saw the two companies extend a resolution deadline ​four times. Syrah aimed to supply 8,000 metric tons of graphite anode materials to electric vehicle maker Tesla over a four-year period from its Vidalia plant in the U.

Wall Street used to get the growth story early. Now it often only gets the receipt.

(Bloomberg) -- A $25 billion Danish pension fund that earlier this year made headlines by ditching Treasuries as Donald Trump was threatening to seize Greenland now says it won’t touch SpaceX.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermStrait of Hormuz Ship Transits Are Rising Thanks to Help From USCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekSpaceX Said to Cut IPO Value Goal to at Le

Over Mother’s Day weekend, Andy Milheizler’s quiet Atlanta cul-de-sac was overrun with empty Waymo vehicles. Empty Waymo vehicles recently clogged an Atlanta cul-de-sac. The passengers in two Waymo vehicles in Atlanta last week were in a less-humorous predicament.