tesla Tesla Grapples With Falling Sales and Robotaxi Doubts Ahead of Q1 Report Tesla prepares to release its first-quarter earnings as CEO Elon Musk confronts a significant slide in electric vehicle sales and widespread skepticism regarding his robotaxi ambitions. The automaker responds to these market challenges by implementing broad price cuts across its vehicle lineup.
byd BYD Expands Into Humanoid Robotics Leveraging Automotive AI BYD confirms it is developing humanoid robots, aiming to combine its automotive AI expertise with its massive manufacturing and dealership network.
tesla Tesla Faces Another Year of Unfulfilled Elon Musk Promises Elon Musk makes a series of bold claims for Tesla in 2024, including affordable robotaxis and autonomous fleets, but continues to rely on loose definitions of self-driving technology.
electric vehicles Transportation Tech Faces Harsh Reality as EV and AV Hype Fades in 2024 The once-booming electric vehicle and autonomous vehicle sectors experience a major reality check in 2024 as startups falter and major automakers scale back ambitious plans.
lucid air 2025 Lucid Air Pure Offers Luxury Tech Experience for Under $70,000 The 2025 Lucid Air Pure delivers impressive range and a refined interior at a starting price of $69,900. However, its ultimate value depends heavily on the automaker's commitment to continuous over-the-air software updates.
rivian Rivian Secures $6.6 Billion Federal Loan for Georgia EV Factory Rivian wins a conditional $6.6 billion Department of Energy loan to restart construction on its paused Georgia factory. The plant is now expected to open in 2028 and eventually employ 7,500 workers.
tesla Tesla and Rivian Reach Conditional Settlement in Trade Secrets Dispute Tesla tells a California judge it has reached a conditional settlement with Rivian in a four-year-old trade secrets lawsuit. The companies expect to dismiss the case by late December.
waymo Waymo Raises $5.6 Billion to Accelerate Robotaxi Expansion Across the US Waymo secures a massive $5.6 billion funding round led by Alphabet to expand its robotaxi services to Austin and Atlanta in 2025. The company currently averages 100,000 paid weekly trips as it continues to outpace competitors in the autonomous vehicle sector.
tesla Tesla Unveils Fleet of 20 Driverless Cybercabs at Hollywood Event Tesla showcases a lineup of 20 autonomous Cybercabs alongside a surprise Robovan and humanoid Optimus bots. The company plans to sell the two-seater robotaxi for under $30,000 and aims for unsupervised driving in Texas and California next year.
volkswagen Volkswagen Brings ChatGPT Voice Assistant to US Vehicles Starting September 6 Volkswagen is expanding its AI-powered voice assistant to the United States, allowing drivers to interact with a ChatGPT-based chatbot in select 2024 and 2025 models. While most new vehicles will require a paid subscription, specific electric models include three years of free access.
tesla Tesla Faces Tough Q1 2024 Earnings After First Delivery Drop in Years Tesla prepares to report a difficult first quarter marked by its first year-over-year delivery decline in a long time. Analysts expect significantly lower revenue and earnings due to frequent price cuts and missed delivery targets.
tesla Tesla Revenue Falls 9% But Stock Jumps On Faster Affordable EV Timeline Tesla reports its biggest revenue drop since 2012 alongside a 55% plunge in net income as ongoing price cuts weigh heavily on first-quarter financial results. Despite the weak earnings, shares surge after CEO Elon Musk announces an accelerated production schedule for more affordable vehicles.
tesla Tesla Offers Free One-Month FSD Beta Trial to Boost End-of-Quarter Sales Tesla provides a free one-month trial of its $12,000 Full Self-Driving Beta system to all eligible U.S. customers to drive end-of-quarter sales. The aggressive promotion comes just weeks before a high-profile civil trial regarding a fatal Autopilot crash.
tesla Tesla Recalls 362,000 Vehicles Over Full Self-Driving Crash Risks NHTSA forces Tesla to issue a recall for all US vehicles equipped with Full Self-Driving Beta due to unsafe behaviors at intersections. The automaker plans to fix the issue through an upcoming over-the-air software update.
sony Sony Honda Mobility Unveils AFEELA Prototype Equipped With 45 Sensors Sony Honda Mobility introduces its new AFEELA brand at CES 2023, showcasing a prototype vehicle packed with advanced safety sensors and Qualcomm Snapdragon chips. The company plans to begin North American pre-orders in 2025 and start deliveries by spring 2026.