At an investor event, Californian carmaker Tesla unveiled its new CyberCab autonomous car, a fully robotic taxi that does without a steering wheel and pedals. This revolutionary model is due to be launched in 2026, or as soon as the relevant regulatory authorities allow. The expected price is less than 30 thousand dollars, or approximately 67...
Online taxi service Uber has entered into a deal with Chinese electric car manufacturer BYD, the world's largest, to add 100,000 electric cars to its fleet. Both companies will offer Uber drivers incentives to switch to these vehicles through discounts on maintenance, charging, financing and leasing. The multi-year deal covers Europe and Latin A...
The Optimus robot will be ready for deployment in Tesla factories by the end of this year, as announced by Elon Musk on his social network X (formerly Twitter). Tesla plans to begin manufacturing these humanoid robots for its own use as early as next year, with the goal of bringing them to market for widespread use by 2026. "Tesla will have u...
Shareholders of US carmaker Tesla on Thursday approved a record $44.9 billion (about one trillion kronor) pay package for CEO Elon Musk, the AP reported. The decision came after a deal struck in 2018 was overturned by a Delaware court earlier this year. The exact number of votes was not immediately announced. According to the AP, approval of ...
Driven by the boom in artificial intelligence (AI), US company Nvidia has grown significantly over the past year, so that its market value now exceeds the entire German stock market and even the gross domestic product of Russia or Canada. Only seven global economies and companies like Microsoft and Apple are ahead of it. When it released its ...
Elon Musk is no longer the world's richest person after shares in his company Tesla plunged 7.2 percent on Monday, knocking him off the top of the Bloomberg Billionaires Index. Jeff Bezos has become the world's new richest person. Musk now has a net worth of $197.7 billion, while Bezos' fortune stands at $200.3 billion. This is the first time...
Lawyers who defended the interests of Tesla shareholders and pushed for Tesla boss Elon Musk not to receive a huge agreed fee of nearly $56 billion are now demanding a record fee for their legal services. That fee would amount to nearly six billion dollars and would be paid in Tesla stock. The three law firms involved in the litigation said thei...
The Texas-based private company Intuitive Machines' Nova-C Odysseus module landed on the Moon Friday night UTC with cargo from the National Aeronautics and Space Administration (NASA) and commercial entities. The lander began transmitting data about two hours after touchdown. The successful landing of mission IM-1 marks the first commercial miss...
Elon Musk once scoffed at the idea that a Chinese carmaker could compete with his Tesla. Now, the Chinese brand BYD, previously unheard of by many, is on track to become the world leader in electric vehicle sales. In the third quarter, the American Tesla sold 435,000 electric vehicles, while BYD, in which American billi...
