By Akash Sriram (Reuters) – Israeli startup REE Automotive said on Tuesday it expects revenue of up to $770 million by 2030 from a licensing deal with an undisclosed company to which it will provide technology that helps make autonomous vehicles. REE, whose customers include van rental firm U-Haul and French planemaker Airbus, said it…
Inside self-driving Waymo ride as company looks to expand to highways – CBS News Watch CBS News The future of driving could mean no one behind the wheel — at least that’s what the autonomous driving tech company Waymo is hoping. To shift that goal into high gear, the company has started testing its self-driving…
By Chris Kirkham and Abhirup Roy (Reuters) – Elon Musk told investors in late January that Tesla (TSLA) would roll out “autonomous ride-hailing for money” by June in Austin, Texas — a state where the company faces almost no regulation, raising questions about how much safety and legal risk Tesla is willing to take on…
Tesla’s (TSLA) end-of-year rampage rolled on Monday, with shares hitting another new high based on optimism for Tesla’s “autonomous opportunity” and the Trump factor. Tesla shares jumped over 6%, closing over $463 per share. The stock is up a whopping 18% in the past five days, reflecting positive news reports regarding Tesla’s — and CEO…
An Nvidia building – Photo: Qilai Shen/Bloomberg (Getty Images) Despite mounting trade restrictions, Nvidia (NVDA) is significantly expanding its presence in China, focusing on artificial intelligence chips for autonomous vehicles, Bloomberg reports. Both a Chinese government antitrust investigation and escalating trade tensions between Beijing and Washington complicate the semiconductor giant’s efforts. According to Bloomberg, Nvidia…
BEIJING (Reuters) – China’s Baidu has received the licence to test autonomous vehicles with its Apollo robotaxi service in Hong Kong as it expands its footprint outside Chinese mainland. Baidu Apollo International Ltd was approved to conduct trials for 10 autonomous vehicle in North Lantau, according to a statement released by Hong Kong’s Transport Department…
Operating Cash Flow: Record $6.3 billion in Q3. Automotive Revenue: Growth both quarter-on-quarter and year-on-year. FSD Revenue: $326 million from Cybertruck and other features. Regulatory Credits Revenue: Over $2 billion year-to-date. Automotive Margins: Improved quarter-over-quarter. Energy Margins: Record at more than 30% in Q3. Operating Expenses: Declined quarter-over-quarter and year-on-year. CapEx: $3.5 billion in Q3,…
Tesla CEO Elon Musk has unveiled the company’s latest vehicle, the Cybercab, a fully autonomous self-driving car with no steering wheel, accelerator, or brake pedal. Musk showcased Tesla‘s latest innovations at the “We, Robot” event held at Warner Bros. Studios in Southern California. The spotlight was on the Cybercab, a self-driving taxi that he says…
The US Commerce Department is expected to propose new rules aimed at banning Chinese hardware and software in connected and autonomous vehicles on US roads. According to a report by Reuters, the move, driven by national security concerns, would prohibit the import and sale of vehicles from China with communication or automated driving system components….
WASHINGTON (Reuters) – The U.S. Commerce Department is expected on Monday to propose prohibiting Chinese software and hardware in connected and autonomous vehicles on U.S. roads due to national security concerns, sources told Reuters. The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. drivers and infrastructure as…