Tesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, on March 22, 2025. Nathan Howard | Reuters Tesla stock gained for a f fourth straight positive session Wednesday as the spat between CEO… Continue reading Tesla gains for a fourth day as Musk sets robotaxi date, Trump tensions cool
Author: CNBC Online news
Elon Musk says Tesla robotaxi rides in Austin ‘tentatively’ set to begin June 22
Tesla’s Cybercab robotaxi at the AutoMobility LA 2024 auto show on Nov 21, 2024. Robyn Beck | AFP | Getty Images Tesla CEO Elon Musk said on Tuesday that his company’s robotaxi service is “tentatively” set to launch in Austin, Texas, on June 22. In a post on X, Musk indicated that he’s flying from… Continue reading Elon Musk says Tesla robotaxi rides in Austin ‘tentatively’ set to begin June 22
Tesla rallies on robotaxi hopes as fear over Musk-Trump feud subsides
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images In the three trading days since Elon Musk’s war of words with President Donald Trump last week sank Tesla’s market cap by 14%… Continue reading Tesla rallies on robotaxi hopes as fear over Musk-Trump feud subsides
GM to invest $4 billion in U.S. manufacturing plants amid tariffs
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT — General Motors plans to invest $4 billion in three American assembly plants, including adding production of two popular vehicles that… Continue reading GM to invest $4 billion in U.S. manufacturing plants amid tariffs
In China, fears grow of an EV financial crisis amid pricing war
watch now At a used car market in Beijing, salesman Ma Hui said he fears China’s electric vehicle industry is in a race to the bottom. EV makers, led by the country’s market leader BYD, have been engaged in a bruising price war, depressing profits for the brands, as well as sellers such as Ma.… Continue reading In China, fears grow of an EV financial crisis amid pricing war
Uber taps AI firm Wayve to pilot fully driverless rides in the UK
A delivery van outfitted with Wayve’s autonomous driving software is part of the fleet of vehicles making grocery deliveries across London. Source: Wayve Uber on Tuesday announced it’s partnered with self-driving car technology firm Wayve to launch trials of fully autonomous rides in the U.K., starting in spring 2026. The ride-hailing app said the pilot… Continue reading Uber taps AI firm Wayve to pilot fully driverless rides in the UK
China’s rare-earth mineral squeeze puts defense giants in the crosshairs
Crews walk towards a Royal Navy F-35B Lightning fighter jet to prepare it for take-off from the deck of British aircraft carrier HMS Prince Of Wales, in an undisclosed location, on April 24, 2025, following its deployment to the Indo-Pacific region. Richard Pohle | Afp | Getty Images The automotive and robotics industries have been… Continue reading China’s rare-earth mineral squeeze puts defense giants in the crosshairs
Photos show Waymo vehicles on fire during LA protests as company cuts downtown service
A row of Waymo vehicles burn on a street during an anti-ICE protest in downtown Los Angeles, California, on June 8, 2025. Benjamin Hanson | Afp | Getty Images Several Waymo autonomous vehicles were set ablaze in downtown Los Angeles on Sunday amid widespread protests against President Donald Trump‘s immigration crackdown. A spokesperson for the… Continue reading Photos show Waymo vehicles on fire during LA protests as company cuts downtown service
China extends an olive branch to Western auto giants over rare earth shortage
Workers assemble cars on the assembly line at the Volkswagen automobile factory on March 07, 2025 in Wolfsburg, Germany. Sean Gallup | Getty Images News | Getty Images China appears to have offered U.S. and European auto giants something of a reprieve after industry groups warned of increasing production threats over a rare earth shortage.… Continue reading China extends an olive branch to Western auto giants over rare earth shortage
Slate Auto: Inside the EV startup, stealth production facility backed by Jeff Bezos
Slate Auto electric vehicles inside the startup’s beta production facility in Lake Orion Township, Michigan. Slate Auto LAKE ORION TOWNSHIP, Mich. — In a nondescript supplier park in suburban Detroit, an electric vehicle startup backed by Amazon founder Jeff Bezos is building what it hopes will be America’s newest automaker. The facility is filled with… Continue reading Slate Auto: Inside the EV startup, stealth production facility backed by Jeff Bezos