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☆ A small robotics company says Elon Musk's 'Robovan' and 'Starship' are great names — except it got trademarks for them first
▼ + stars: | 2024-10-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Starship Technologies filed trademarks for "Starship" and "Robovan" before SpaceX and Tesla did. AdvertisementRobotic startup Starship Technologies has a few things in common with Elon Musk's rocket company, SpaceX, and EV giant Tesla. Musk first showcased the Tesla Robovan on October 10 in Burbank, California, during Tesla's "We, Robot" event. According to United States Patent and Trademark Office records, Starship filed trademarks for "Starship" and "Robovan" in July 2015 and July 2017, respectively. AdvertisementIn October 2023, a legal marketing agency called X Social Media sued Musk's social media platform X in federal court in Florida.

Persons: Tesla, Elon Musk's, —, Tesla's, Musk Organizations: Starship, SpaceX, Service, Technologies, Elon Musk's, United States Patent, Starship Technologies, Belgium Brewing Company, Harbor, X Social Media, X Corp, Reuters, BI Locations: Burbank , California, Colorado, Florida, California

☆ CNBC Daily Open: With an unchanged PPI, the Fed’s near the finish line
▼ + stars: | 2024-10-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Winning week for marketsAll major U.S. indexes rose Friday on the back of encouraging inflation data and positive earnings from big banks. That gave them a winning week. Banks' earnings in good shapeJPMorgan Chase , the biggest bank in the U.S., reported third-quarter earnings and revenue that beat estimates.

Persons: Tesla's, Tesla, Elon Musk, Musk, of Finance Lan Fo'an, Lan, Banks, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley Organizations: New York Stock Exchange, CNBC, of Finance, JPMorgan, It's Bank of America Locations: New York, Asia, Pacific, Shanghai, Beijing, China, U.S

☆ CNBC Daily Open: With a stagnant PPI, the Fed’s nearly at the finish line
▼ + stars: | 2024-10-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: Jerome Powell, Europe's, Tesla's, Tesla, Elon Musk, Musk, of Finance Lan Fo'an, Lan, Banks, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley Organizations: US Federal Reserve, National Association of Business Economics, CNBC, of Finance, JPMorgan, It's Bank of America Locations: Nashville , Tennessee, U.K, China, Beijing, U.S

☆ Elon Musk's net worth fell $15 billion after Tesla's robotaxi event
▼ + stars: | 2024-10-13 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Tesla stock fell more than 9% on Friday, reducing Elon Musk's net worth. Though his net worth dropped by about $15 billion, Musk remains the world's richest man. The company's stock tumbled in the aftermath — and with it, CEO Elon Musk's net worth. According to the Bloomberg Billionaires Index, updated after the close of trading in New York, Musk's net worth fell by $15 billion. The company's stock value had continued its downward trend through early August then rebounded in September — bringing Musk's net worth to more than that of McDonald's and Pepsi.

Persons: Tesla, —, Elon, Forbes, Musk, Tesla's, Morgan Stanley, Adam Jonas, Dan Ives Organizations: Elon, Service, Wall Street, Bloomberg, Pepsi, Business, Wall Locations: Los Angeles, Tesla, New York

☆ Insider Today: Robotaxi reality check
▼ + stars: | 2024-10-13 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

On the agenda today:But first: Elon Musk's robotaxi got lost on the way to Wall Street. This week's dispatchTesla's upcoming Robotaxi TeslaRobotaxi dreams meet Wall Street realityElon Musk unveiled Tesla's robotaxi, along with a robovan and updates to its humanoid robot, at a flashy event in Los Angeles this week. Wall Street wasn't buying it. AdvertisementIt's tough to bet against Elon Musk, as many on Wall Street have discovered. Wall Street is taking note, and Amazon could soon face pressure to return some of its cash with buybacks or dividends.

Persons: —, Microsoft's, Elon Musk's robotaxi, Tesla, Elon Musk, Musk, Alyssa Powell, Anand Selva, He's, who've, Selva, Chelsea Jia Feng, that's, Natalie Ammari, Vishal Persaud, SunPower, it's, Ibrahim Rashid Organizations: Business, Service, Warner Bros, Detroit, Elon, Citi Citi Bank, Getty, Citi, Big, Microsoft Locations: Los Angeles, Burbank, America

☆ A Tesla fan experiences the Cybercab for the first time — it's a smooth ride but he wouldn't necessarily buy one
▼ + stars: | 2024-10-12 | by ( Tom Carter | ) www.businessinsider.com time to read: +6 min

Tesla fan and attendee Matthew Donegan-Ryan rode in the new Cybercab. Tesla fan and investor Matthew Donegan-Ryan attended the glitzy launch on a film lot at the Warner Bros. @_SFTahoe pic.twitter.com/0Xoubi9hY4 — Matthew Donegan-Ryan (@MatthewDR) October 11, 2024The Cybercab, Tesla's first robotaxi, was revealed alongside a 20-person Robovan. pic.twitter.com/iUD0aKThZa — Matthew Donegan-Ryan (@MatthewDR) October 11, 2024Donegan-Ryan was also surprised by how few cameras the Cybercab had. The Cybercab bears a stylistic resemblance to another Tesla vehicle, the Cybertruck, and Donegan-Ryan said that similarity was particularly apparent in person.

Persons: Elon Musk, Tesla, Matthew Donegan, Ryan, —, robotaxi, 0Xoubi9hY4 — Matthew Donegan, Tesla's, Uber, Cybercab, Donegan, iUD0aKThZa — Matthew Donegan, Franz von Holzhausen, Lars Moravy —, wouldn't, Musk, they're, Dan Ives Organizations: Service, Warner Bros ., Warner Bros, BI, Tesla Staff Locations: Burbank , California

☆ Tesla investors don't seem to trust Elon Musk like they used to. Is that because of Twitter?
▼ + stars: | 2024-10-12 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Elon Musk says self-driving Tesla cabs — something he's talked about for a long time — are just around the corner. The next day, Wall Street declared itself thoroughly unimpressed: Investors knocked down Tesla shares by nearly 9%. Related storiesAnd at the same time, Tesla investors no longer seem so forgiving. Since Musk acquired Twitter — after failing at his attempt to back out of a signed deal to acquire Twitter — Tesla shares are down 4.7%. Something like "Tesla investors don't care about Musk's Twitter travails — at all."

Persons: Elon Musk, he's, aren't, —, Elon Musk —, Musk, Reed Hastings, Tesla, Bill Gurley —, Uber Organizations: Service, Star, Wall Street, Tesla, Twitter, SpaceX, Netflix

☆ Musk unveils $30,000 Tesla self-driving Cybercab and larger Robovan at robotaxi event
▼ + stars: | 2024-10-11 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +4 min

After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company’s Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Musk offered no details about exactly where Tesla plans to produce the cars, but said consumers would be able to buy a Tesla Cybercab for below $30,000. He said the Cybercab and Robovan would employ inductive charging, meaning these autonomous vehicles could roll up to a station to recharge, with no plugging in required. Musk has spent years touting Tesla’s work in autonomous cars and promising that they would hit the market. In 2015, Musk told shareholders that Tesla cars would achieve “full autonomy” within three years.

Persons: Elon Musk, Musk, Tesla, “ It’s, ” Musk, ”, “ Organizations: Tesla, Warner Bros, FSD Locations: Burbank , California, Texas, California, U.S

☆ What we know about Tesla's new Robovan so far
▼ + stars: | 2024-10-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Tesla CEO Elon Musk unveiled the Robovan at the company's "We, Robot" event, which saw the EV giant showcase its latest autonomous offerings. Besides the Robovan, Musk also touted Tesla's upcoming vehicle, the Robotaxi, or Cybercab, and the company's Optimus robots. The future should look like the future," Musk said of the Robovan's design. The future should look like the future," Musk said of the Robovan's design. In 2021, a Chinese autonomous driving company named WeRide unveiled its own self-driving cargo van, also called the "Robovan."

Persons: Tesla, Elon Musk, Musk, —, — Tesla, WeRide, Tony Han Organizations: Service, CNBC Locations: Guangzhou, China

☆ Elon Musk reveals the 'Art Deco' design inspiration behind Tesla's Robovan
▼ + stars: | 2024-10-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Elon Musk surprised viewers with the unveiling of Tesla's Robovan at the 'We Robot' event Thursday. Musk shared on X that the Robovan's design was inspired by Art Deco trains. But the Robovan's exterior aesthetic appears to be inspired by the early 20th century Art Deco design period. In response to a user who asked about what inspired the design, Musk replied, "Art Deco trains." Art Deco trains were a product of the Art Deco era, which took place in the 1920s and 1930s.

Persons: Elon Musk, Tesla's Robovan, Musk, —, Tesla, — Tesla, Robovan, 🎯, ike Organizations: Art Deco, Service, Art Locations: lon, usk, ehicles

☆ Elon Musk just showed the world his shiny new Robovan. There's already a Chinese vehicle with the same name.
▼ + stars: | 2024-10-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

A separate robotics startup, Starship Technologies, filed a US trademark application for "Robovan" in 2017. On its website, WeRide said it had received "over 10,000 indication orders from a leading express delivery company" for the car. AdvertisementIn July 2017, a company called Starship Technologies filed a trademark for "Robovan," per the United States Patent and Trademark Office. Starship, which specializes in autonomous delivery robots, was founded by Skype cofounders Ahti Heinla and Janus Friis. Unlike Tesla and WeRide, Starship Technologies' offering isn't a self-driving vehicle.

Persons: WeRide, —, Elon Musk's, Tony Han, Han, Janus Friis, Musk, Tesla's, 4DDqJtGATU — Elon, Tesla Organizations: Starship Technologies, Service, CNBC, JMC, Ford Motors, Jiangling Motors Corp, Ford, United States Patent, Office, Skype, Mercedes, Benz, Tesla, Technologies, YouTube, Business Insider Locations: Guangzhou, China

☆ Elon Musk reveals Tesla's Robotaxi and Robovan
▼ + stars: | 2024-10-11 | by ( Ana Altchek | Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

Elon Musk just unveiled Tesla's Robotaxi at the company's "We, Robot" event in Los Angeles. Elon Musk showed off Tesla's upcoming driverless taxi at its "We, Robot" on Thursday evening. Musk walked into the event and entered a sleek-looking silver Robotaxi, a two-door vehicle that opened upward with butterfly-style doors. The unveiling of Tesla's latest vehicle is a major milestone for the company and has been highly anticipated for years. In 2016, Musk said during a press call that a Tesla vehicle would autonomously drive from Los Angeles to New York City by 2017.

Persons: Elon Musk, —, Robotaxi, Tesla, Musk, Optimus, Uber Organizations: Service, Warner Bros, Elon, Twitter, Traffic, Administration Locations: Los Angeles, Burbank , California, California, Texas, York, New York City

☆ Ex-Waymo CEO is not impressed by Tesla's Robotaxi
▼ + stars: | 2024-10-11 | by ( Lauren Edmonds | Tom Carter | ) www.businessinsider.com time to read: +5 min

Waymo's ex-CEO said Tesla isn't "serious about building a safe and accessible Robotaxi business." AdvertisementIt seems former Waymo CEO John Krafcik was unimpressed by Tesla CEO Elon Musk's much-hyped "We, Robot" event. Alongside the Robotaxi, Tesla also showed off a 20-passenger Robovan and its Optimus humanoid robots. He added: "If a company were serious about building a safe and accessible Robotaxi business, it would look nothing like what was shown, or said, last night." AdvertisementMusk teased Tesla Robotaxis in 2019.

Persons: Tesla, Waymo's, Elon, —, John Krafcik, Elon Musk's, Musk, Krafcik, Tesla's Robovan, Donald Trump, Phil Koopman, Horacio Villalobos, Morgan Stanley, Gene Munster Organizations: Service, Warner Bros, Fifth, Business, Deepwater Asset Management Locations: Burbank , California

☆ Video: Elon unveils ‘Robovan’ and ‘Cybercab’
▼ + stars: | 2024-10-11 | by ( Sarah Jorgensen | ) edition.cnn.com time to read: 1 min

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☆ Elon Musk's robotaxi launch fails to wow Wall Street — and leaves Tesla analysts with more questions than answers
▼ + stars: | 2024-10-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Tesla's "We, Robot" event left analysts with more questions than answers. Wall Street was broadly disappointed by the lack of detail, and skeptical of Elon Musk's timeframes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk's "We, Robot" event on Thursday night failed to impress several Wall Street analysts. Here's how Tesla analysts and commentators reacted to the event.

Persons: Elon Musk's, —, Elon Organizations: Elon Musk's timeframes, EV, Service, Investors

☆ Elon Musk might have to convince Trump not to 'stop' autonomous vehicles if he's reelected
▼ + stars: | 2024-10-11 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

Elon Musk revealed Tesla's new robotaxis hours after Trump said he would "stop" AVs from operating. Trump expressed concerns about autonomous vehicles at the Detroit Economic Club. During his remarks at the Detroit Economic Club, Trump said he found autonomous vehicles "concerning" and promised to "stop" them from operating. "I will stop Chinese — and other countries — produced automobile and autonomous vehicles," he said. Amazon-backed Zoox received authorization from the California and Nevada DMV to operate fully autonomous robotaxis on public roads.

Persons: Elon Musk, Trump, GM's Cruise, —, Elon, Donald Trump's, Musk, Zoox, Cruise, Didi Organizations: Detroit Economic, Service, Nevada DMV, Dallas Locations: California, Texas, San Francisco, Phoenix, Los Angeles, Austin, Nevada, Foster, China

☆ Optimus robots danced on a lit-up stage and served drinks at Tesla's robotaxi event
▼ + stars: | 2024-10-11 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Tesla's humanoid robot Optimus took a starring role at the company's Hollywood robotaxi event. The robots served drinks for attendees, posed for selfies, and even danced on a stage. AdvertisementElon Musk may have unveiled the robotaxi on a Hollywood set on Thursday night — but it was Tesla's Optimus robots that had the starring role. Tesla has previously released videos of the Optimus robot performing yoga stretches, picking up an egg, and squatting. AdvertisementAt the event, Musk said he expects the Optimus robot to cost $20,000 to $30,000 in the long term.

Persons: Optimus, Elon Musk, Tesla, —, Elon, Musk, Matthew Donegan, Ryan Organizations: Hollywood, Service, Warner Bros, Optimus, selfies Locations: Los Angeles

☆ 'That's it?' Morgan Stanley rips Tesla robotaxi event for lack of detail
▼ + stars: | 2024-10-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Wall Street has been fairly hot-and-cold on Tesla stock this year — and its highly anticipated robotaxi unveiling on Thursday isn't helping to improve investor sentiment. As such, we anticipate TSLA to be under pressure following the event," Jonas, the firm's head of global auto and shared mobility research, said in a Friday note to clients entitled "That's it? TSLA YTD mountain Tesla stock this year. Simply put, the event failed to offer a significant bright spot for Tesla's stock, according to Jonas. The analyst has an eye on Tesla's expectation to start fully autonomous, unsupervised FSD in Texas and California for its Model 3 and Model Y electric vehicles.

Persons: Morgan Stanley's Adam Jonas, Jonas, Tesla, Elon Musk's, Musk, TLSA, Tesla's, FactSet Organizations: Investors, Morgan Locations: Los Angeles, FSD, Texas, California

☆ Tesla's robotaxi dreams are going to be an insurance nightmare
▼ + stars: | 2024-10-11 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

High insurance costs could wipe out earnings for Cybercab owners. AdvertisementThere are plenty of hurdles for Tesla's promised robotaxi fleet to clear before launching, but one overlooked barrier may be the complexity of insuring a fleet of self-driving Teslas. Advertisement"It's great that you have a vehicle that is cheaper," said Jessica Caldwell, executive director of insights for Edmunds, referring to Tesla's $30,000 Cybercab. "But that can easily get outweighed by high insurance costs." The automotive insurance industry has yet to fully embrace autonomous technology, and without coverage, driverless Teslas can't operate.

Persons: Tesla, —, Tesla's, Elon Musk's, Jessica Caldwell, Edmunds, there's, Caldwell, Musk, Elon, Morgan Stanley, Adam Jonas Organizations: Insurance, Service, Tesla, Investors Locations: Texas, California

☆ Elon Musk's Robotaxi is still miles away from overtaking Uber and Waymo in the ride-hailing race
▼ + stars: | 2024-10-11 | by ( Shubhangi Goel | Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

AdvertisementIf Elon Musk can fully deliver on his plans to make Tesla's Robotaxi the new go-to mode of transport, he could bring an end to the ride-hailing economy as we know it. "Tesla's vehicles, sensors, and software will all need to be approved in any market they hope to enter. "Until Tesla robotaxis are transporting 100,000 paying customers a week around major American cities like Waymo does, Tesla Robotaxi is nothing more than the latest work of fiction to come out of the Warner Bros. "We also believe TSLA could struggle to scale fleet operations without offering access to demand via Uber/Lyft." Uber is already preparing for a future of electric cars and autonomous vehicles without Tesla's involvement.

Persons: BYD, —, Elon, aren't, Tesla, Uber, Musk, Jefferies, John Colantuoni, Paul Miller, Forrester, Dan O'Dowd, Waymo, I've, Gene Munster, Brian Baker, Matt Bryson, Dara Khosrowshahi, We're Organizations: Service, Warner Bros, Tesla, Warner Bros ., Asset, Jefferies, Tesla's, BYD, Aurora, AV Locations: Burbank , California

☆ Watch Elon Musk unveil Tesla's Robovan
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Elon Musk unveil Tesla's RobovanTesla hosts its 'We, Robot' event on Thursday at Warner Bros. Discovery's movie studio in Burbank, California. Elon Musk unveiled an autonomous Tesla Robovan that will be able to transport up to 20 people at a time. "We're going to make this, and it's going to look like that," he said.

Persons: Email Watch Elon, Tesla, Elon Musk Organizations: Email Watch, Warner Bros Locations: Burbank , California

☆ Elon Musk hypes $30,000 Tesla self-driving Cybercab and larger Robovan at robotaxi event
▼ + stars: | 2024-10-10 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company's Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Musk offered no details about exactly where Tesla plans to produce the cars, but said consumers would be able to buy a Tesla Cybercab for below $30,000. FSD, which stands for Full Self-Driving, is Tesla's premium driver assistance system, available today in a "supervised" version for Tesla electric vehicles. Musk also revealed plans to produce an autonomous, electric Robovan that can carry up to 20 people, or be used to transport goods. He said the Cybercab and Robovan would employ inductive charging, meaning these autonomous vehicles could roll up to a station to recharge, with no plugging in required.

Persons: Elon Musk, Musk, Tesla Organizations: Tesla, Warner Bros, FSD Locations: Burbank , California, Texas, California

☆ Elon Musk unveils his ‘Cybercab’ robotaxi
▼ + stars: | 2024-10-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

The event featured models of the robotaxi as well as a Robovan, a driverless vehicle designed to carry a larger group of people or items. TeslaBut the delay seemed to matter little to the in-person crowd waiting for the chance to ride in the 50 self-driving vehicles that were cruising around the studio lot. Tesla has long offered what it calls Full Self-Driving or FSD, currently priced at $8,000, as an option on its cars. Musk has insisted that the company’s data shows that FSD is already safer than cars driven by humans. ‘Overly optimistic’This is certainly not the first time that Musk has laid out ambitious time frames for his plans for self-driving cars.

Persons: Elon Musk, Musk, Tesla, “, ”, FSD, ” “, Gene Munster, it’s, ” Munster Organizations: New, New York CNN, Warner Bros, Deepwater Asset Management, CNN Locations: New York, California, Texas

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