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Tesla robotaxi rollout features long wait times, safety concerns
Reuters Videos84d agoneutralVIDEO
Tesla robotaxi rollout features long wait times, safety concerns

<body><p>STORY: Tesla's robotaxi service is experiencing significant operational problems in Texas, raising questions about CEO Elon Musk’s ambitious vision for a near future full of driverless cars.</p><p>Reuters testing in Dallas, Houston and Austin found long wait times exceeding 30 minutes, limited availability and navigation problems.</p><p>In one case, a 20‑minute trip in Dallas stretched to nearly two hours.</p><p>The service remains confined to those three Texas cities despite Musk predicting last July that robotaxis would serve half the U.S. population by the end of 2025.&nbsp;</p><p>Much of Tesla’s $1.6 trillion valuation hinges on investor belief that the company will soon unleash a vast fleet of robotaxis.</p><p>But analysts say the expansion is moving slower than expected, with Musk now describing a more “cautious approach” to avoid injuries or fatalities.</p><p>In the meantime, experts have raised concerns about the technology's limits, including Peter Stone, a computer science professor at the University of Texas at Austin.</p><p>“People, at least so far, tend to be much better at unexpected situations and being able to reason about something that you've never seen before. But to be able to figure out on the fly what to do, especially if you're using a machine learning-based system, it relies critically on the training data that's been given. And if you come up with a completely, what's known as out of distribution, which is sort of a code word for just new or novel situation, then it's going to be much more difficult for a software-based system to react than people are.”&nbsp;</p><p>Police in Austin said Tesla's robotaxis tend to ignore posted speed limits, noting that vehicles in test rides last year drove 5 mph above the speed limit.&nbsp;&nbsp;</p><p>Since August, Tesla has reported 15 robotaxi crashes in Austin to federal regulators.</p><p>Most did not involve injuries, but one involved someone being&nbsp;sent to the hospital.</p><p>Tesla has requested that all information about the incidents be kept confidential, according to police.</p><p>Tesla did not respond to Reuters requests for comment.</p></body>

5 Companies Are Betting on Trump’s China Pivot. Here’s Who’s Best Positioned.
24/7 Wall St.84d agoneutral
5 Companies Are Betting on Trump’s China Pivot. Here’s Who’s Best Positioned.

President Trump’s posture toward China has whipsawed markets for over a year, with prediction markets confirming tariffs escalated from 10% to 40% to 100% between February and June of last year. Any thaw in that relationship, whether through tariff relief, eased chip export rules, or restored market access, would flow straight into the income statements ... 5 Companies Are Betting on Trump’s China Pivot. Here’s Who’s Best Positioned.

Xi Tells US CEOs Accompanying Trump That China Will Open Up More
Bloomberg85d agoneutral
Xi Tells US CEOs Accompanying Trump That China Will Open Up More

(Bloomberg) -- Xi Jinping signaled China is moving toward greater openness, striking an upbeat note during his meeting with US business leaders accompanying Donald Trump as the two presidents wrapped up morning talks that featured more divisive issues like trade and Taiwan.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Land

Elon Musk Accused Of Building 'Most Management-Favorable' IPO Structure At SpaceX: Report
Benzinga85d agoneutral
Elon Musk Accused Of Building 'Most Management-Favorable' IPO Structure At SpaceX: Report

Top Pension officials from New York and California have written to SpaceX CEO Elon Musk, expressing concern over the “extreme” governance structure of the commercial space flight company ahead of its public listing. Comptrollers Express Concern New York State Comptroller Thomas DiNapoli, as well as New York City Comptroller Mark Levine and California Public Employees’ Retirement System (CalPERS) CEO Marcie Frost, wrote a letter to Musk, accessed by Reuters on Wednesday. Notably, CalPERS had also

Space Stock Craze Comes to Europe as One British Fund Quadruples
Bloomberg85d agoneutral
Space Stock Craze Comes to Europe as One British Fund Quadruples

(Bloomberg) -- It’s not just US retail investors piling into any asset connected to space exploration. Europeans want in, too. Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summit With Iran War in LimboShares in British SpaceX supplier Filtronic Plc are up 257% in a year, while German satellite

Trump Lands in China for Xi Trade Summit With Iran War in Limbo
Bloomberg85d agoneutral
Trump Lands in China for Xi Trade Summit With Iran War in Limbo

(Bloomberg) -- President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world’s two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summi

Trump Lands in China for Xi Trade Summit With Iran War in Limbo
Bloomberg85d agoneutral
Trump Lands in China for Xi Trade Summit With Iran War in Limbo

(Bloomberg) -- President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world’s two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Ira

Bloomberg85d agoneutral
Musk’s xAI Races to Get Wall Street Firms to Use Grok Chatbot

(Bloomberg) -- Elon Musk’s xAI has recruited multiple Wall Street firms with ties to the billionaire’s business empire to test its Grok chatbot, according to people familiar with the matter, part of a push to bolster revenue ahead of parent company SpaceX’s initial public offering.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueInside a Yea

AI In Focus As Top CEOs Head To China For Trade Summit
Bloomberg85d agoneutralVIDEO
AI In Focus As Top CEOs Head To China For Trade Summit

US business leaders including Apple Inc.'s Tim Cook and Tesla Inc.'s Elon Musk on Trump's first overseas trip since waging war in the Middle East a 36-hour visit with Xi Jinping that's expected to encompass the war, tariffs and the self-ruled island of Taiwan. The list of attendees until Tuesday had not included Huang, whose company makes the chips at the heart of the AI boom and has been pushing for greater leeway in a market he's identified as a $50 billion opportunity. Bloomberg's Ed Ludlow joins Bloomberg Businessweek Daily to discuss.

Tesla gets a China win that comes with a warning
TheStreet85d agoneutral
Tesla gets a China win that comes with a warning

Tesla’s (TSLA) worldwide EV story is looking a bit vulnerable. The car company that appeared to be dictating the pace of the electric vehicle market has spent the past year trying to regain momentum in some of its key locations. Chinese competitors have been quicker on pricing, Europe has grown ...

Citi massively revamps Applied Materials stock price target
TheStreet85d agoneutral
Citi massively revamps Applied Materials stock price target

If you've ever wondered who makes the machines that build the chips powering artificial intelligence (AI), Applied Materials (AMAT) is a good place to start your education. It doesn't make chips. But it manufactures the equipment that enables chipmaking, and right now, the world can't get enough of ...

Benzinga85d agoneutral
Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA

Good Morning Traders! Today's economic calendar for Wednesday is lighter overall, but markets will still be closely watching inflation related data and Treasury activity. The key release comes at 8:30AM ET with Producer Price Index data, including headline and core PPI figures, which will provide additional insight into inflation pressures following yesterday's CPI report. Markets may react sharply if producer inflation comes in materially above or below expectations. Additional events include c

Trump Brings Nvidia’s Jensen Huang Along on China Trip
The Wall Street Journal86d agoneutral
Trump Brings Nvidia’s Jensen Huang Along on China Trip

A last-minute addition to the group of CEOs joining President Trump on his trip to China was Nvidia Chief Executive Jensen Huang, who wasn’t initially included on the travel list. Huang met the U.S. delegation in Alaska, where Air Force One was refueling. Trump called Huang on Tuesday to invite him after seeing media reports that he wasn’t coming, a person familiar with the matter said.

Inside Sam Altman's Dramatic Court Testimony: 'Complicated' Elon Musk Feelings, 'Hair-Raising' Tesla Talks And The Microsoft Temptation
Benzinga86d agoneutral
Inside Sam Altman's Dramatic Court Testimony: 'Complicated' Elon Musk Feelings, 'Hair-Raising' Tesla Talks And The Microsoft Temptation

On Tuesday, OpenAI CEO Sam Altman took the stand in an Oakland federal courthouse in the Musk-Altman trial. Over more than three hours of questioning from both sides, Altman reportedly addressed the key allegations at the heart of the case. Elon Musk's lawsuit alleges that Altman and OpenAI President Greg Brockman "looted" OpenAI's nonprofit structure through their partnership with Microsoft Inc. (NASDAQ:MSFT) for personal benefit. Here are the top 5 moments from Altman’s Tuesday testimony. Runn

Nvidia's Jensen Huang joins Trump's China visit
Reuters86d agoneutral
Nvidia's Jensen Huang joins Trump's China visit

Nvidia CEO Jensen Huang has joined over a dozen U.S. CEOs on ‌President Donald Trump's visit to China this week. Trump called Huang last-minute ‌on Tuesday after seeing media coverage that he was not invited, according to one source ​familiar with the matter. Huang was seen by White House reporters boarding Air Force One in Alaska, joining Trump on his flight to China.

Alibaba earnings, Trump & Xi meet, PPI data: What to Watch
Yahoo Finance Video86d agoneutralVIDEO
Alibaba earnings, Trump & Xi meet, PPI data: What to Watch

Market Domination Overtime host Josh Lipton takes a look at the top stories for investors to watch on Wednesday, May 13, including President Trump's meeting with Chinese President Xi, Alibaba (BABA) and Cisco (CSCO) earnings, April's Producer Price Index (PPI) data, and commentary from Federal Reserve officials.

Tesla to invest $250 million in battery plant outside Berlin
Reuters86d agoneutral
Tesla to invest $250 million in battery plant outside Berlin

electric car maker Tesla will ‌invest almost $250 million in ‌ramping up battery cell production capacity at ​its factory outside Berlin, in a move set to boost jobs in the area and strengthen ‌its supply ⁠chain, the company said on Tuesday. The investment is ⁠intended to create the conditions for annual production capacity of ​18 gigawatt ​hours at ​the site in ‌Gruenheide, south-east of the German capital, up from a previous 8 GWh, a statement said.

Tesla’s robotaxi rollout features Texas-sized wait times
Reuters86d agoneutral
Tesla’s robotaxi rollout features Texas-sized wait times

When Tesla announced an expansion of its robotaxis to Dallas and Houston last month, some investors touted momentum for CEO Elon Musk’s mission to transform the electric-vehicle maker into an AI-powered, driverless-tech giant. Reuters reporters who recently tested Tesla’s robotaxis in those cities, however, found them to be still in a beta-testing phase. Tesla did not respond to requests for comment for this story.

Musk, Cook Set to Join Trump for Xi Summit, White House Says
Bloomberg87d agoneutral
Musk, Cook Set to Join Trump for Xi Summit, White House Says

(Bloomberg) -- The White House is inviting Tesla Inc.’s Elon Musk, Apple Inc.’s Tim Cook, Boeing Co.’s Kelly Ortberg and executives from other large companies to accompany President Donald Trump on his trip to China this week, according to an official. Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Modi Asks Indians to Stop Buying Gold,