Tesla, Elon Musk and robotaxi
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Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.
Tesla has faced severe demand destruction due to a reputational crisis, yet the stock remains resilient due to the powerful narrative and retail
Musk's net worth on Thursday plunged $34 billion, putting his valuation at $335 billion, according to the Bloomberg Billionaires Index. In addition to Tesla, Musk owns The Boring Company, Neuralink, SpaceX, X (formerly known as Twitter) and xAI.
Tesla faces an existential test this month as it aims to launch self-driving “robotaxis” in its home base of Austin, Texas, where public-safety officials are increasingly concerned about the state’s anti-regulation stance toward autonomous vehicles.
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Worried About Tesla's Robotaxi? These Two Words From Nvidia CEO Jensen Huang Might Change Your Mind.
Tesla stock rose around 5% in premarket trading Friday, suggesting the shares were set to claw back some of their heavy losses from the previous session. Tesla stock was up 4.3% at $296.99 ahead of the open,
Chinese EV makers are moving quickly to develop driver-assistance systems in a market where car-buyers are demanding them at a faster pace than in other regions, analysts say. Their ability to do so at lower costs poses the biggest threat to Tesla’s new autonomy-based business model.
President Trump has been feuding with Elon Musk over The One, Big, Beautiful Bill. Here's why Musk could have suddenly changed his tune on the Trump administration.