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Chinese electric vehicle maker Xpeng said ‌on Monday it had ‌begun mass production of its first ​robotaxi at its Guangzhou headquarters, targeting fully driverless operations by early 2027. The Tesla rival is accelerating ‌its shift ⁠toward driverless vehicles and humanoid robotics as competition ⁠intensifies in the world’s largest auto market. The new robotaxi, ​built on ​Xpeng's GX ​platform, is China’s ‌first "production-ready, pre-assembled robotaxi model developed entirely with in-house technologies," the company said.

(Bloomberg) -- Elon Musk said he’s back in Texas working on plans for an initial public offering of SpaceX as the rocket and artificial intelligence company gears up for the largest listing of all time. Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitUS, Iran Stall on Hormuz Reopening as Oil Supplies TightenUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpTrump Gets Revenge on Republican Who Vo

Top Pension officials from New York and California have written to SpaceX CEO Elon Musk, expressing concern over the “extreme” governance structure of the commercial space flight company ahead of its public listing. Comptrollers Express Concern New York State Comptroller...

Here are four things to consider if Elon Musk decides to merge his space empire with Tesla.

Automotive Properties Real Est Invt TR (TSE:APR.UN) reported higher first-quarter revenue and cash flow, with management citing the impact of acquisitions completed in 2025 and early 2026, along with contractual rent increases embedded in its net lease portfolio. President and CEO Milton Lamb said

(Bloomberg) -- SpaceX notified investors that it is executing a 5-for-1 stock split, a move that will reduce the price investors will pay for each share offered in its impending initial public offering.Most Read from BloombergWinners and Losers From Trump and Xi’s Beijing Summit TalksHormuz Oil Flows Creep Higher as More Supertankers ExitWhat Is The Thucydides Trap and Why Did Xi Raise It With Trump?Iran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsNigerian Tycoon Femi Otedol

Citi just trimmed its price target on Lucid Group (NASDAQ:LCID) to $14 from $17, while keeping a Buy rating. Analyst Michael Ward cited the company’s Q1 2026 miss and the withdrawal of its 2026 outlook, but argued the medium-term thesis remains intact. For long-term investors, the price target cut reads as a sobering near-term recalibration ... Citi Cuts Lucid Price Target to $14: Q1 Miss, Pulled Guidance Test the Saudi-Backed EV Maker

Yahoo Finance’s Julie Hyman and Head of News Myles Udland discuss Ford's (F) 20% jump over the past few days after its battery storage bet.

Financial disclosures for US President Donald Trump showed hundreds of millions of dollars' worth of transactions involving securities in major...

Financial disclosures for US President Donald Trump showed hundreds of millions of dollars’ worth of transactions involving securities in major...

Global semiconductor stocks skidded after a summit between President Trump and Chinese leader Xi Jinping concluded without major chip deals or a breakthrough on Nvidia’s sales to the country.

Global semiconductor stocks skidded after a summit between President Trump and Chinese leader Xi Jinping concluded without major chip deals or a breakthrough on Nvidia’s sales to the country.

By Laurie Chen and Casey Hall BEIJING/SHANGHAI, May 15 (Reuters) - With red-carpet treatment, selfies and culinary diplomacy, America's richest and most powerful executives - from Tesla's Elon Musk to

Tesla (TSLA) came under pressure from an Australian judge, who questioned whether the automaker was

Toyota Motor (TM) and Tesla (TSLA) are generally seen as rivals in the global auto business. Toyota is the manufacturing powerhouse, selling more than 11 million automobiles a year in almost every major market. Tesla is the electric vehicle disruptor that pushed the industry to embrace batteries, ...

(Bloomberg) -- President Donald Trump’s latest financial disclosures show that he made a slew of stock and bond purchases with major American companies in the first quarter of the year totaling in the tens of millions of dollars and possibly more. Most Read from BloombergHormuz Oil Flows Creep Higher as More Supertankers ExitIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsWhat Is The Thucydides Trap and Why Did Xi Raise It With Trump?Xi Tells US CEOs on Trump Visit That Chi

By Stella Qiu SYDNEY, May 15 (Reuters) - Asian shares came under pressure on Friday as investor euphoria over tech stocks gave way to inflation fears that saw Treasury yields spike to one-year highs

<body><p>STORY: Tesla's robotaxi service is experiencing significant operational problems in Texas, raising questions about CEO Elon Musk’s ambitious vision for a near future full of driverless cars.</p><p>Reuters testing in Dallas, Houston and Austin found long wait times exceeding 30 minutes, limited availability and navigation problems.</p><p>In one case, a 20‑minute trip in Dallas stretched to nearly two hours.</p><p>The service remains confined to those three Texas cities despite Musk predicting last July that robotaxis would serve half the U.S. population by the end of 2025.&nbsp;</p><p>Much of Tesla’s $1.6 trillion valuation hinges on investor belief that the company will soon unleash a vast fleet of robotaxis.</p><p>But analysts say the expansion is moving slower than expected, with Musk now describing a more “cautious approach” to avoid injuries or fatalities.</p><p>In the meantime, experts have raised concerns about the technology's limits, including Peter Stone, a computer science professor at the University of Texas at Austin.</p><p>“People, at least so far, tend to be much better at unexpected situations and being able to reason about something that you've never seen before. But to be able to figure out on the fly what to do, especially if you're using a machine learning-based system, it relies critically on the training data that's been given. And if you come up with a completely, what's known as out of distribution, which is sort of a code word for just new or novel situation, then it's going to be much more difficult for a software-based system to react than people are.”&nbsp;</p><p>Police in Austin said Tesla's robotaxis tend to ignore posted speed limits, noting that vehicles in test rides last year drove 5 mph above the speed limit.&nbsp;&nbsp;</p><p>Since August, Tesla has reported 15 robotaxi crashes in Austin to federal regulators.</p><p>Most did not involve injuries, but one involved someone being&nbsp;sent to the hospital.</p><p>Tesla has requested that all information about the incidents be kept confidential, according to police.</p><p>Tesla did not respond to Reuters requests for comment.</p></body>

All three major US stock indexes were up in late-morning trading Thursday, as investors monitor news

President Trump’s posture toward China has whipsawed markets for over a year, with prediction markets confirming tariffs escalated from 10% to 40% to 100% between February and June of last year. Any thaw in that relationship, whether through tariff relief, eased chip export rules, or restored market access, would flow straight into the income statements ... 5 Companies Are Betting on Trump’s China Pivot. Here’s Who’s Best Positioned.

Xi Jinping has told American chief executives travelling with Donald Trump that China’s door to business “will only open wider and wider” as...

Futures for the main U.S. indexes were building on gains from the previous session as the tech stock rally continues.

(Bloomberg) -- Xi Jinping signaled China is moving toward greater openness, striking an upbeat note during his meeting with US business leaders accompanying Donald Trump as the two presidents wrapped up morning talks that featured more divisive issues like trade and Taiwan.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Land

Top Pension officials from New York and California have written to SpaceX CEO Elon Musk, expressing concern over the “extreme” governance structure of the commercial space flight company ahead of its public listing. Comptrollers Express Concern New York State Comptroller Thomas DiNapoli, as well as New York City Comptroller Mark Levine and California Public Employees’ Retirement System (CalPERS) CEO Marcie Frost, wrote a letter to Musk, accessed by Reuters on Wednesday. Notably, CalPERS had also

Donald Trump’s state visit to China gives the US president an opportunity to distract attention from his war with Iran and troubles at home,...

May 14 (Reuters) - In China, Elon Musk has been the object of love - and occasional loathing.

(Bloomberg) -- It’s not just US retail investors piling into any asset connected to space exploration. Europeans want in, too. Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summit With Iran War in LimboShares in British SpaceX supplier Filtronic Plc are up 257% in a year, while German satellite

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk reportedly accompanied President Donald Trump on his trip to China without seeking permission from the Judge currently presiding over the OpenAI trial. Elon Musk Defies ‘Recall Order’ Amid the ongoing trial in Oakland, California, U.S. District Judge Yvonne Gonzalez Rogers placed Musk on a “recall status” order, but the billionaire failed to seek permission from the Judge before leaving, NBC News reported on Wednesday, citing anonymous sources familiar with

(Bloomberg) -- President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world’s two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summi

(Bloomberg) -- President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world’s two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Ira