autonomous vehicles

ARK Investment Management said on Monday that Tesla Inc.’s (NASDAQ:TSLA) driverless ride-hailing plans could unlock $11 trillion in revenue potential, exceeding the total addressable market that ride-hailing companies Uber Technologies Inc. (NYSE:UBER) and LYFT Inc. (NASDAQ:LYFT) target today...

Waymo closed an oversubscribed investment round of $5.6 billion on Friday led by its parent Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) to expand its robotaxi service in San Francisco, Phoenix, and Los Angeles, the company said on Friday. What Happened: Andreessen Horowitz, Fidelity, Perry Creek,...

China-based autonomous driving startup WeRide announced on Friday that it raised $440.5 million via an initial public offering in the U.S., alongside private placement. The company’s American Depository Shares (ADS) have been approved for listing and are expected to begin trading on the...

Waymo‘s robotaxi fleet drove 25 million miles without a human driver as of the end of July, the Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary said in its recent safety report. What Happened: The more driverless miles were driven by the company’s fleet in Phoenix where it covered...

Tesla Inc (NASDAQ:TSLA) beat earnings estimates and showed improving margins in the third quarter, along with a strong vehicle delivery outlook for 2025, which were among the highlights for analysts. The Tesla Analysts: Piper Sandler analyst Alexander Potter reiterated an Overweight rating on...

Tesla Inc (NASDAQ:TSLA) is betting on robotaxis as one of its next phases of growth, but a former employee turned rival doesn't see autonomous vehicles being released anytime soon. What Happened: In a recent interview, Lucid Group (NASDAQ:LCID) CEO Peter Rawlinson highlighted the difficulties of...

Palo Alto city leaders are reportedly exploring a deal with EV giant Tesla Inc. (NASDAQ:TSLA) where the company tests its robotaxis on the city’s streets. What Happened: The city recently held a preliminary discussion with Tesla, Palo Alto Online reported, citing city spokesperson Meghan...

General Motors‘ (NYSE:GM) Cruise is looking to return to operating driverless vehicles by the end of the year, company CEO Mary Barra said on Tuesday, during the third-quarter earnings call. What Happened:  “…we’ll be gated by safety, but we hope and we’re working...

Uber Technologies (NYSE:UBER) CEO Dara Khosrowshahi is optimistic about Tesla Inc. (NASDAQ:TSLA) eventually achieving vehicle autonomy at scale. What Happened: Tesla could certainly be an Uber rival if they develop their own autonomous vehicle for which rides could be availed solely on the Tesla...

EV giant Tesla Inc (NASDAQ:TSLA) said on Saturday that its inductive charging technology for its Cybercab product would be over 90% efficient, refuting concerns. What Happened: “Efficiency is well above 90%,” Tesla wrote in response to X users, including popular tech YouTuber Marques...

Deepwater Asset Management’s managing partner Gene Munster shared his thoughts on the future of autonomous vehicles, discussing their potential advantages and the hurdles they face. What Happened: Munster shared his four main observations from Elon Musk-led Tesla Inc.’s (NASDAQ:TSLA)...

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Waymo is providing riders who avail an autonomous ride to select transit stations in San Francisco and the Peninsula $3 credit in a bid to promote public transportation, the company said on Thursday. What Happened: Waymo will credit $3 to riders...

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Waymo’s co-founder Anthony Levandowski is more optimistic about Tesla Inc.’s (NASDAQ:TSLA) self-driving vision over Waymo’s given the EV giant’s wealth of data. What Happened: “There’s millions of Teslas out...

Tesla Inc. (NASDAQ:TSLA) had 19 Cybercabs and 29 Model Ys driving autonomously at the ‘We, Robot’ event held by the company earlier this month and no safety-related events occurred, company executive Ashok Elluswamy said on Tuesday. What Happened: The ‘We, Robot’ event was...

Thursday, Oct. 10 may go down as a big day for autonomous vehicles with Tesla Inc (NASDAQ:TSLA) unveiling the highly anticipated Cybercab. The date could also go down in the sector’s history, as the day former President Donald Trump promised to keep self-driving vehicles off of roads. What...