Elon Musk’s AI company xAI disclosed earlier this month it had raised $20 billion.
In its earnings report, Tesla says that the third-generation version of its Optimus humanoid robot “meant for mass production” will be unveiled in the first quarter of 2026. This new version of Optimus will include “major upgrades from version 2.5, including our latest hand design.” And the company is making preparations for the first production […]
The company’s sales fell for a second year in a row despite CEO Elon Musk spending years promising 50% annual growth.
Tesla just reported its second consecutive year of declining revenue and profits, further complicating Elon Musk’s $1 trillion effort to transform his company into a leader in AI and robotics. Meanwhile, the global EV market continues to grow, seemingly in spite of the pioneering company’s setbacks. Tesla said it earned $840 million in net income […]
An unidentified bidder submitted a Hail Mary offer that was “substantially higher” than the winning bid at auction. Founder Austin Russell has been circling a bid, but it’s not clear he was behind it.
The autonomous tech startup says it has $600 million of contracts running over the next five years to haul goods from warehouses to stores.
The investigation is looking into a January 17 crash where a Zoox robotaxi hit the driver’s side door of a parked car, which Zoox said was “suddenly opened.”
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Google is the latest investor to back Redwood Materials as the battery recycling startup scales a new energy storage venture to power AI data centers and other industrial sites.