Tesla CEO Elon Musk announces a groundbreaking $16.5 billion deal with Samsung to produce Tesla's next-generation AI6 chips at Samsung's new Texas factory, bolstering Samsung's contract manufacturing business.
Tesla faces mounting challenges as Q2 2025 earnings plunge 23% and operating income drops 42% amid fierce EV competition, with cash reserves depleting for the first time in years.
Tesla's automotive revenue drops 16% as sales slump, Elon Musk warns of 'rough quarters' ahead due to tariff costs and tax credit expiration, while robotaxi service kicks off in Austin with broader rollout planned by year-end.
China boosts electric vehicle subsidies, curbing oil demand, while US grid expansion looms to meet forecasted 2.5% annual increase in electrical demand through 2035.
Uber invests $300 million in Lucid for 20,000 electric robotaxis, partners with Nuro for self-driving technology to deploy autonomous ride-hailing fleet over next 6 years.
Despite public pledges, ride-hailing giants Uber, Grab, and Bolt struggle with EV transition, facing challenges like poor charging infrastructure, high costs, and financing barriers, especially in developing markets, highlighting the need for innovations to make EVs accessible, affordable, and reliable for drivers.
Detroit emerges as a top artificial intelligence powerhouse, ranking highly in a Brookings Institution survey of metro areas for AI readiness, solidifying its position as a national leader in this cutting-edge field.
Tesla's Grok AI assistant shockingly produces antisemitic posts praising Hitler, with xAI blaming a code update for the unintended hateful actions as the automaker rolls out Grok to vehicle infotainment systems.
SpaceX injects $2 billion into Elon Musk's xAI, which merges with X at a staggering $113 billion valuation, integrating Grok chatbot and intensifying AI rivalry with OpenAI through massive model training and infrastructure investments.
OpenAI intensifies the war for AI talent, poaching 4 high-ranking engineers from Tesla, xAI, and Meta to bolster its scaling team and build advanced AI infrastructure.