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Musk declines Uber’s partnership offer; Tesla to go solo on robotaxis

Economic Times

Economic Times · 6m ago

Musk declines Uber’s partnership offer; Tesla to go solo on robotaxis

Tesla CEO Elon Musk declined Uber's offer to collaborate on autonomous vehicles, opting to develop Tesla's robotaxi project independently. Uber CEO Dara Khosrowshahi revealed this during an interview, highlighting that Uber and other companies like Waymo will compete with Tesla. Despite potential rivalry, Khosrowshahi is open to future partnerships, emphasizing that Uber stabilizes demand in the unpredictable autonomous vehicle sector. Tesla's decision could amplify competition and affect Uber's ride volume and revenue.

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Competing with Elon Musk no easy matter: Uber CEO Khosrowshahi

Inshorts · 10m ago

Competing with Elon Musk no easy matter: Uber CEO Khosrowshahi

Uber CEO Dara Khosrowshahi said competing with Tesla CEO Elon Musk "is no easy matter" and his company would love to partner with Tesla on robotaxis. "We'd love to have it on the platform, but if not, I don't think this is going to be a winner-take-all marketplace," he stated. "We'll see what Tesla does," he added.

Tesla approves share award worth $29 billion to CEO Elon Musk - The Economic Times

Economic Times

Economic Times · 24d ago

Tesla approves share award worth $29 billion to CEO Elon Musk - The Economic Times

Tesla has granted CEO Elon Musk 96 million shares worth approximately $29 billion to incentivize him to remain at Tesla amidst ongoing legal challenges regarding his compensation. This move comes as Tesla transitions focus from affordable electric vehicles to robotaxis and humanoid robots, positioning itself more as an AI and robotics firm. Musk, Tesla's largest shareholder, must pay a specified exercise price for the restricted stock, which aims to gradually boost his voting power.

Elon Musk tries to make himself indispensable at Tesla ahead of pay vote

Livemint

Livemint · 1y ago

Elon Musk tries to make himself indispensable at Tesla ahead of pay vote

Tesla CEO Elon Musk is pushing for changes that prioritize robotics and driverless cars, making the CEO role at the automaker even more crucial. Musk envisions a future where Tesla is a different company, offering robotaxis and cloud services. He has increased spending on AI development and plans to spend $10 billion this year on training and inference AI. Musk has also made sweeping layoffs and slowed the build-out of Tesla's Supercharger network. Despite concerns from investors, Musk believes Tesla's future lies in high-margin AI businesses rather than competing in the mainstream EV market.

I'll make X the centre of people's financial lives: Elon Musk tells staff

Economic Times

Economic Times · 1y ago

I'll make X the centre of people's financial lives: Elon Musk tells staff

Elon Musk, CEO of Tesla and SpaceX, has stated in an internal email to staff that he aims to make "X" the center of people's financial lives. The email comes after the announcement of a partnership between Tesla and CME Group to offer futures contracts based on Musk's tweets. Musk's vision, however, remains unclear as he did not provide further details on what "X" signifies.

Musk has a vision for Tesla’s Robotaxi. Others can’t see it.

Livemint

Livemint · 1y ago

Musk has a vision for Tesla’s Robotaxi. Others can’t see it.

Tesla CEO Elon Musk plans to prioritize the development of robotaxis in the company's long-term strategy. However, experts believe the widespread deployment of self-driving taxis is still a long way off due to regulatory hurdles and technological challenges. Musk aims to showcase a future model this summer, expected to be devoid of a steering wheel and pedals, for deployment in Tesla's own ride-hailing service. Despite skepticism, investors support Musk's optimistic vision of future revenue growth. The potential revenue opportunity for robotaxis globally is estimated to amount to $2 trillion by 2030.

Tesla likely to face 'a few rough quarters' from end of US EV support: CEO Elon Musk - The Economic Times

Economic Times

Economic Times · 1m ago

Tesla likely to face 'a few rough quarters' from end of US EV support: CEO Elon Musk - The Economic Times

Tesla is facing financial challenges due to declining sales, unmet profit targets, and reduced U.S. tax credits for electric vehicles. CEO Elon Musk anticipates "rough quarters" ahead but is optimistic about future revenue from self-driving technology and robotaxis. Delays in launching a more affordable car and executive exits have further worried investors. Despite current setbacks, Tesla plans to ramp up production of new models and expand its robotaxi services globally.

Tesla will unveil robotaxi in August: Elon Musk

Economic Times

Economic Times · 1y ago

Tesla will unveil robotaxi in August: Elon Musk

Tesla CEO Elon Musk has announced that the company will unveil a robotaxi this summer. Details are scarce, but Musk claims that Tesla vehicles with Full Self-Driving (FSD) capabilities will operate as superhuman robotaxis. This announcement follows concerns over the safety and adoption of self-driving vehicles. Despite the potential of self-driving cars, the rollout has been tentative and encountered obstacles, with regulators and the public expressing safety concerns. Tesla's autopilot feature has also faced scrutiny, accused of overselling its capabilities. Tesla's reveal comes amidst reports that the company has abandoned plans to manufacture a $25,000 electric car model.

Elon Musk says he'll unveil a Tesla robotaxi on August 8

TechCrunch · 1y ago

Elon Musk says he'll unveil a Tesla robotaxi on August 8

Elon Musk announced plans to reveal a Tesla robotaxi on August 8th, following reports of ditching a $25,000 low-cost electric vehicle in favor of focusing on the robotaxi project. The decision comes amid lagging EV sales and falling profits for Tesla. Musk had previously debated between a traditional car and an autonomous robotaxi, with promises of autonomous capabilities in Tesla vehicles. Tesla's current driver-assistance system, Autopilot, does not offer full self-driving capabilities.

Elon Musk's late and unfulfilled Tesla promises

Economic Times

Economic Times · 4m ago

Elon Musk's late and unfulfilled Tesla promises

Tesla CEO Elon Musk is known for ambitious promises, often delivered late or still pending. His major unfulfilled promises include full self-driving technology, which he predicted in 2015 would be available in three years, and affordable EVs, initially hinted at in 2020 but now projected for 2025. Musk also aimed for operational robotaxis by 2020, with plans now extending to 2026. Additionally, the Cybertruck and Roadster have faced significant delays, missing their original launch timelines.

Don Lemon says Elon Musk has canceled his deal for a show on X

TechCrunch · 1y ago

Don Lemon says Elon Musk has canceled his deal for a show on X

Elon Musk has canceled his partnership deal with X platform for Don Lemon's upcoming talk show. The decision came hours after Lemon interviewed Musk for the show's premiere episode. Despite the cancellation, The Don Lemon Show will still go on, with the Musk interview scheduled to air on various platforms. X stated that Lemon's show is welcome to publish on their platform but they have decided not to enter into a commercial partnership with it. Musk expressed that the show's approach resembled CNN, which he believes is failing.

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