Tesla, Alphabet and Wall Street
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Tesla plans to offer a chauffeur-style service operated by human drivers to a limited number of people in the San Francisco Bay Area, a California regulator said on Friday, contrary to a media report that the EV maker would offer a robotaxi service.
Tesla's shares declined 1.74% for week, two days after posting lower profits for a third straight quarter amid increased competition and loss of tax credits.
On an event page for a "Tesla Diner SoCal Protest," the organizer, Tesla Takedown, points to Musk's handling of X, saying it boosts conspiracy theories and extremist views. The page also calls out Tesla's Full Self-Driving feature as "fraud."
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Tesla said on Friday it has received a number of shareholder proposals regarding the automaker investing in CEO Elon Musk's artificial intelligence startup xAI.
Elon Musk is taking steps to expand his autonomous ride-hailing service to the Bay Area, according to a Business Insider report.
President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.
Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to more affordable competitors' offerings.
Elon Musk says Tesla could hit a $20 trillion valuation with “extreme execution.” But with earnings slipping and Bitcoin holdings limited, is that even realistic? Here's the math behind the moonshot.