Shares of Elon Musk’s Tesla popped 10% on Monday following the debut of its self-driving “Robotaxi” fleet — the first major test of technology that the billionaire has promised will transform the company’s business. Tesla shares were trading at about $354 per share as a handpicked group of influencers who participated in the trial run…
Tesla has signed an agreement to build a grid-scale battery energy storage facility in China, marking the company’s first such project in the country. According to reports from Chinese media outlet Yicai, the 4 billion yuan ($556 million) deal involves Tesla, the Shanghai municipal government, and China Kangfu International Leasing. Tesla confirmed the project via…
Chinese heating systems supplier Zhejiang Sanhua Intelligent Controls had a tepid trading debut in Hong Kong on Monday, with investors selling shares following the initial public offering (IPO) frenzy. Trading under the code 2050, the stock began trading at HK$20.95 amid a declining market, 7.2 per cent lower than its offer price of HK$22.53, in…
Tesla has officially launched the Robotaxi platform to a limited number of people, giving them the ability to ask for a ride from a driverless Model Y in Austin, Texas. But how do you hail a ride? Through the Tesla Robotaxi app, which officially launched on June 22 as the company initiated the first rides…
Tesla’s long-hyped robotaxi was launched on Sunday afternoon, as per CEO Elon Musk who announced the rollout on his platform X (formerly Twitter). The first rides, priced at a flat $4.20 are now being offered in parts of Austin using driverless Tesla Model Y vehicles, stated a Reuters report. Several Tesla robotaxis were spotted Sunday…
On a balmy Sunday in Austin, Tesla fans awaited the promise of the future. After a few hours of delays, that promise was finally realized, and a select group took their first rides, livestreaming their experience. While Tesla robotaxis are meant to be fully autonomous, Tesla employees were still present in the passenger seat of…
Chinese media outlet Yicai reported that Tesla Shanghai, Shanghai authorities and China Kangfu International Leasing Co. held a signing ceremony Friday for the project. Tesla announced Friday that it signed an agreement to build its first grid-scale energy storage power station project in mainland China. The project will help with the flexible adjustment of grid…
Auto industry reports have been tracking data about Tesla‘s declining sales worldwide, with sharp drops recently noted in European markets like France, Portugal, and Denmark. European drivers have been shifting their attention away from Tesla and toward other EV automakers like the Chinese brand BYD. Drivers in Europe’s largest car market, Germany, are also steering…
00:00 Speaker A Waymo, we know, right now Stephen, far ahead. What are Tesla’s competitive advantages in this space? When you explain them to clients, or what do you tell them? 00:17 Stephen Yeah, it’s interesting. I’ve been in, I’ve been in Waymos and full self-driving Teslas and and, you know, the first thing that…
Elon Musk’s ambitious plans to launch Tesla’s robotaxi service in Austin this month have hit political resistance. A group of Democratic lawmakers from the Austin area has formally requested the company to delay the rollout until September, when new autonomous vehicle regulations are set to take effect in Texas. The lawmakers argue that waiting for…