Showing 1 - 10 of 17
Tesla profits tumble on lower EV sales, AI spending surge
AFP, Published on 29/01/2026
» NEW YORK - Tesla reported a 61-percent drop in fourth-quarter profits on Wednesday due to lower auto sales and increased expenses as CEO Elon Musk ramps up technology investments.
Who Owns TikTok in the US Now?
Published on 23/01/2026
» NEW YORK - TikTok’s Chinese parent company, ByteDance, has just spun out an American venture to operate the popular video app in the United States. The deal, announced on Thursday, is part of an effort to comply with a 2024 federal law that aimed to separate TikTok from ByteDance to address national security concerns over the app’s ties to Beijing.
Two robotaxi groups flag services for Singapore
Reuters, Published on 20/09/2025
» SINGAPORE — Two Chinese companies said on Saturday they will partner with local firms to launch robotaxi services in Singapore, as the city-state expands into autonomous driving.
China to have 300,000 driverless taxis
South China Morning Post, Published on 29/08/2025
» SHANGHAI — China is likely to see 300,000 driverless cabs operate in its four top-tier cities as early as 2030, buoyed by advancements in artificial intelligence (AI) and its highly competitive electric vehicle (EV) sector, UBS said on Thursday.
Tesla profits drop as Musk warns of 'rough' patch before riches
AFP, Published on 24/07/2025
» NEW YORK — Tesla reported another drop in quarterly profits Wednesday as CEO Elon Musk warned the company could face a few "rough" quarters following the elimination of federal tax credits for electric vehicles (EVs) under United States President Donald Trump's big fiscal package.
Tesla launches long-discussed robotaxi service
AFP, Published on 23/06/2025
» NEW YORK - Tesla began offering robotaxi services on Sunday in the US city of Austin, Texas, an initial step that Elon Musk's backers believe could lead to the company's next growth wave.
Why China's auto, tech giants threaten Tesla’s self-driving future
Published on 10/06/2025
» AUSTIN — Chinese electric-vehicle makers led by BYD (Build Your Dreams) beat Tesla in the competition to produce affordable electric vehicles (EVs). Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.
Musk to reduce White House role as Tesla profits plunge
AFP, Published on 23/04/2025
» NEW YORK - Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday as the electric vehicle maker reported a 71 percent drop in first-quarter profits.
DeepSeek and Trump keep traders on their toes
Business, Published on 01/02/2025
» RECAP: Most Asian markets edged up on Friday after days of volatility in the tech world caused by the DeepSeek AI breakthrough, while sentiment was dampened by US President Donald Trump confirming hefty tariffs on Canada and Mexico.
Musk shows tesla Cybercab
Bloomberg News, Published on 11/10/2024
» CALIFORNIA - Elon Musk unveiled prototypes of a long-awaited Tesla Incorporated robotaxi called Cybercab, saying production may start in 2026 and that the vehicle could cost less than US$30,000.