The State Department's procurement forecast for 2025 included a $400 million contract for "Armored Tesla (Production Units)."
"Texas is the most powerful economy in the nation," Texas governor Greg Abbott said in a statement.
Tech
2025-02-11T18:25:41Z
Elon Musk and Sam Altman's latest argument is over a $97.4 billion bid from a Musk-led group to control OpenAI, which Altman says is "not for sale."
Dhruv Loya came to the US as an international student. It took hundreds of applications before he was able to land a job in the country at Tesla.
BYD unveiled a massive expansion of its "Gods Eye" intelligent driving system on Monday as the car giant looks to win the brutal EV battle.
"Opinions on Elon Musk have taken a turn for the worse along political affiliations," Stifel analyst Stephen Gengaro said.
Ford and GM have given up on robotaxis over cost and profitability concerns, the CEO of autonomous driving company May Mobility told BI.
Tech
2025-02-07T22:36:37Z
Elon Musk runs companies including X, Tesla, and SpaceX. After a political awakening during the 2024 election, Musk backed Trump and now runs DOGE.
Officials are "immediately suspending" approvals for a $5 billion EV charger program, according to a memo released on Thursday.
The Volvo Cars boss Jim Rowan echoed Elon Musk, telling Business Insider he disagreed with the idea that governments should subsidize the EV industry.
Bill Gates said he'll give away the "vast majority" of his money, and his philanthropy hasn't meant sacrificing pleasures like burgers or movies.
Tech
2025-02-06T09:17:01Z
Move over, "disruptors." Everyone wants to be seen as "high agency" now.
The automaker's sales tumbled in Germany and France, down 59% and 63% last month according to industry data.
The Japanese automaker announced on Wednesday that it would build a new EV and battery factory in Shanghai, after Tesla did the same in 2019.
President Donald Trump announced 25% tariffs on all goods imported from Canada and Mexico and a 10% levy on China on Saturday.
Car manufacturers that have a heavy presence in the US, such as Tesla, Rivian, and Ford, will still feel the impacts of Trump's tariffs.
"The move higher in Tesla shares bore no relation whatsoever to the company's financial performance in the quarter," JPMorgan said.
Elon Musk said Austin residents will be able to pay for a fully autonomous Tesla robotaxi ride in June, with an expansion to more US cities planned.
Tech
2025-01-30T14:56:21Z
During Tesla's earnings call, Elon Musk mentioned Superman, telescopes, Hollywood, and inventors shouting "Eureka!"
Elon Musk's EV maker invested $1.5 billion in bitcoin in early 2021. Companies can now record paper gains on cryptocurrencies as net income.