Every EVXL story tagged “Elon Musk” — newest first.
Tesla’s CEO Elon Musk has made a bold prediction about the future of transportation, claiming that manually-driven vehicles will soon become as obsolete as horses, according to a report from Fortune covering Tesla’s third-quarter earnings call. The Death of Manual Driving Musk didn’t mince words about where he sees the auto industry heading. “We’ve made…
Tesla delivered a powerful financial performance in Q3 2024, reporting adjusted earnings of $0.72 per share ($2.51 billion net income), significantly outpacing analyst expectations of $0.59 per share, according to Forbes reporting. Strong Financial Performance Marks Turning Point The EV pioneer saw its profits climb to $2.2 billion from July through September, compared to $1.9…
In a significant development for autonomous EV transportation, Palo Alto officials are in preliminary talks with Tesla to transform local streets into a testing ground for the automaker’s newly announced robotaxi service. This potential partnership, first announced by city spokesperson Meghan Horrigan-Taylor, comes as the city reportedly grapples with the mounting costs of its popular…
Tesla’s upcoming Q3 earnings call is shaping up to be a high-stakes showdown, with CEO Elon Musk in the hot seat as investors and analysts prepare to grill him on the company’s ambitious robotaxi plans. This heightened scrutiny comes in the wake of a widely criticized unveiling event earlier this month that left many key…
The National Highway Traffic Safety Administration (NHTSA) has launched a new investigation into Tesla’s “Full Self-Driving (Supervised)” software following reports of crashes in low-visibility conditions, including one that resulted in a pedestrian fatality. Safety Concerns in Low-Visibility Conditions NHTSA’s Office of Defects Investigation (ODI) is probing whether Tesla’s driver assistance syst
Tesla’s stock saw a modest uptick on Tuesday, rising 0.2% to $219.57, as investors and analysts weighed in on the company’s recent robotaxi updates. This news comes from a Barron’s article by Al Root, detailing the market’s response to Tesla’s “Cybercab” robotaxi unveiling event in Hollywood on October 10. Wall Street’s Skepticism Coming into Tuesday’s…
Tesla’s unveiling of a sporty, two-seater robotaxi dubbed Cybercab has left experts puzzled and investors worried, according to a recent report from Reuters. The reveal, which took place at a hyped event near Los Angeles on October 10, 2024, presented a design that’s a far cry from traditional taxi concepts. A Futuristic Design That Missed…
Tesla’s much-hyped robotaxi unveiling failed to impress investors, leading to an 8% drop in the company’s stock price and erasing about $60 billion in market value. The event, held in Hollywood, was reported by The Guardian. Cybercab: Big on Promises, Short on Details Elon Musk showcased the “Cybercab,” a fully autonomous vehicle slated for production…
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