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☆ Nvidia stock keeps hitting records. Can investors with little to no shares still buy?
▼ + stars: | 2024-05-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While known for sizeable pullbacks in the past, the upward trajectory of Nvidia's stock last year and this year cannot be denied. We've been in Nvidia stock since 2019, years before the AI revolution was sparked by ChatGPT's viral moment shortly after its late 2022 launch. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. With that, let's think about Nvidia stock from the perspective of a long-term investor— and that's the key consideration, the investment horizon. At the beginning of the year, Nvidia stock traded at $481 per share on a $20.80 forward earnings estimate or a forward P/E multiple of 23 times.

Persons: We've, Jim, —, Jensen Huang, Leonardo da Vinci, Jim —, it's, It's, you've, Nvidia's, Colette Kress, Tesla, Kress, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Nvidia, Club, Apple, Enterprise, Devices, Intel, Investing, GE, NVIDIA, CNBC, SAP Center, Afp, Getty Locations: San Jose , California

☆ GM CEO Mary Barra says she has no plans to retire soon as automaker's transformation continues
▼ + stars: | 2024-05-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – General Motors CEO and Chair Mary Barra on Thursday said she has no plans to retire any time soon as she tries to ensure the company's transformation is on "a good path." Barra, who is the longest tenured CEO outside of the company's founder, has been asked about retirement for several years. "I'm having a lot of fun, and I want to make sure we have our transformation on a good path," she said during a fireside chat at a Detroit Economic Club meeting. Barra reiterated she serves at the pleasure of the GM board and that she continues to have "fun." Cruise and EVs, along with software-defined vehicles and services, have been among the largest potential growth areas under Barra, who became CEO in January 2014.

Persons: Mary Barra, Barra, I've, Cruise Organizations: Economic, Washington, DETROIT – General, GM, Detroit Locations: Washington , U.S, DETROIT, San Francisco, Barra

☆ Transition to next-generation AI chips and 2 other pressing questions ahead of Nvidia's earnings
▼ + stars: | 2024-05-22 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Nvidia's Hopper chips include the H100, which was announced in 2022 and faced severe supply shortages last year as the AI gold rush intensified. Tuesday's AWS news represents a pushout in demand for Nvidia chips, not a loss of it. That would be the so-called "digestion" phase for AI chips that Wall Street has been speculating about since last year. If anything, AWS deciding to wait for the more-powerful Blackwell chips could mean the digestion phase is further out on the horizon than initially thought. Unlike last year, when Nvidia's chips were in such short supply, there are now rival chips out there, such as AMD's MI300X, which is angling for a corner of the inferencing market .

Persons: you've, it's, Jim Cramer, Hopper, Blackwell, Nvidia's Hopper, There's, Grace Hopper Superchip, Kimberly Powell, Powell, Jim Cramer's, Jim, Jensen Huang, Justin Sullivan Organizations: Nvidia, Blackwell, Amazon Web Services, CNBC, NVIDIA, AWS, Club, SAP Center Locations: Hopper, Ceiba, San Jose , California

☆ Why Tesla is losing share in Europe
▼ + stars: | 2024-05-22 | 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 EmailWhy Tesla is losing share in EuropeJon McNeill, DVx Ventures CEO and former Tesla president, joins CNBC's 'Squawk on the Street' to discuss Tesla's weak Europe sales, the company's competition with China EV makers, CEO Elon Musk's outlook on autonomous vehicles, and more.

Persons: Tesla, Europe Jon McNeill, Elon Organizations: DVx, China EV Locations: Europe

☆ World’s first major law for artificial intelligence gets final EU green light
▼ + stars: | 2024-05-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

European Union member states on Tuesday agreed the world's first major law for regulating artificial intelligence, as institutions around the world race to introduce curbs for the technology. The EU Council said that it reached final approval for the AI Act — a ground-breaking piece of regulation that aims to introduce the first comprehensive set of rules for artificial intelligence. "The adoption of the AI act is a significant milestone for the European Union," Mathieu Michel, Belgium's secretary of state for digitization said in a Tuesday statement. The AI Act applies a risk-based approach to artificial intelligence, meaning that different applications of the technology are treated differently, depending on the threats they pose to society. High-risk AI systems cover autonomous vehicles or medical devices, which are evaluated on the risks they pose to the health, safety, and fundamental rights of citizens.

Persons: Mathieu Michel, Michel Organizations: EU, European Union Locations: Europe

☆ How racing driverless cars is pushing autonomous technology
▼ + stars: | 2024-05-15 | by ( Amy Gunia | ) edition.cnn.com time to read: +5 min

He’s been working on robotics since the 1980s, and he’s surprised by how quickly autonomous technology has advanced. He sees this in his day-to-day work at KUCARS, where researchers are working on everything from autonomous cars and drones to marine, agricultural, and manufacturing robotics. There have been other autonomous car races before, but A2RL’s was the first to include a race between four driverless cars, according to organizers. “But it was good to push the community.”Team Polimove competes during the Abu Dhabi Autonomous Racing League. Pushing the technology to the edgeEfforts to set driverless cars loose on public roads have faced setbacks, especially as the result of collisions with unforeseen obstacles.

Persons: Lakmal Seneviratne, He’s, he’s, A2RL’s, ” Seneviratne, Daniil Kvyat, Amr Alfiky, Reuters ‘, Max Verstappen, TUM, Seneviratne, Polimove, Giuseppe Cacace, Simon Hoffman, ” Hoffman, Uber, Hoffman, ” Organizations: CNN, Netflix, P Global Mobility, Khalifa University Center, Autonomous Robotic Systems, Khalifa University, Abu Dhabi Autonomous Racing League, Reuters, Beijing Institute of Technology, Abu, Marina Circuit, Abu Dhabi Grand Prix, Technical University of Munich, Getty, Yas Marina Circuit, Khalifa University of Science Locations: Abu Dhabi, KUCARS, Yas

☆ Baidu’s robotaxi unit expects to turn profitable next year
▼ + stars: | 2024-05-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

A driverless robotaxi autonomous vehicle developed by Baidu Apollo driving along a street in Beijing. SHANGHAI — Chinese tech company Baidu said Wednesday its Apollo Go robotaxi arm expects to turn profitable next year. The projection comes as Elon Musk has emphasized his plans to build up Tesla's robotaxi efforts amid a decline in revenue. Baidu on Wednesday announced Apollo's 6th generation robotaxi will cost around 200,000 yuan ($28,169) — or less than half that of the prior generation, the company said. Others in the auto industry remain more skeptical about fully driverless cars, which require broad regulatory approval in order to operate.

Persons: Elon Musk, Apollo, Baidu, Brian Gu Organizations: Baidu, Wednesday, China Securities Regulatory Commission, Xpeng Locations: Beijing, SHANGHAI, Wuhan, China

☆ Waymo and Zoox are under federal investigation as self-driving cars behave erratically
▼ + stars: | 2024-05-14 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

CNN —The National Highway Traffic Safety Administration is investigating two autonomous driving companies following incidents in which the vehicles behaved erratically and sometimes disobeyed traffic safety rules or were involved in crashes. The investigations involve Waymo, the self-driving technology subsidiary of Google’s parent company Alphabet, as well as Zoox, the autonomous vehicle subsidiary of Amazon. In cases where the human driver was present, the Waymo vehicle’s autonomous driving system was shut off moments before a collision. NHTSA is also investigating self-driving vehicles operated by Zoox, the autonomous technology subsidiary of Amazon. In one case, a motorcyclist was slightly injured in the crashes, in the other a Zoox safety driver was hurt.

Persons: “, Waymo, Zoox braked, ”, Cruise Organizations: CNN, Traffic, Administration, Amazon, NHTSA, Zoox, Toyota Highlanders Locations: Waymo

☆ One auto stock is quietly breaking out as Tesla struggles. Citi sees a double from here
▼ + stars: | 2024-05-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts think General Motors will emerge as a bright spot in an automobile industry challenged by a weakening electric vehicle market. But Wall Street firms including Citigroup and Bank of America now think General Motors can strengthen its position in EVs. GM TSLA YTD mountain General Motors stock has outpaced Tesla in 2024. The bank has a buy rating on General Motors with a $96 per share price target, implying 113% upside from Monday's $45.17 close. Murphy's $75 per share price target implies 66% upside over the next 12 months.

Persons: Tesla, Itay Michaeli, John Murphy, GM's, Murphy, Ryan Brinkman Organizations: EV, Elon, Citigroup, Bank of America, General Motors, GM, Wall, Citi, JPMorgan Locations: EVs

☆ Australia and US unveil undersea drones Ghost Shark and Manta Ray
▼ + stars: | 2024-05-13 | by ( Brad Lendon | ) edition.cnn.com time to read: +7 min

Seoul, South Korea CNN —Ghost Shark and Manta Ray protect the undersea realm. Ghost Shark and Manta Ray are the names of prototype uncrewed underwater vehicles – UUVs or drones – introduced recently by Australia and the United States respectively. But when Australia unveiled Ghost Shark last month, it called the prototypes “the most advanced undersea autonomous vehicles in the world.”The first Ghost Shark prototype, "Alpha," was co-developed by the Defence Science and Technology Group, Navy and Anduril Australia. Like the Orca, the Manta Ray hasn’t come together as quickly as Ghost Shark. Its program began in 2020 and DARPA didn’t give a goal for the Manta Ray – or some variant of it – to join the US fleet.

Persons: Ray, Manta Ray, Rodney Braithwaite, ” Shane Arnott, Anduril’s, ”, Tanya Monro, Emma Salisbury, “, ” Salisbury, Chris Brose, Northrop, Manta, Northrop Grumman, ” Kyle Woerner, Kyle Woerner, Manta Ray hasn’t, Manta Ray –, –, Salisbury, Sutton Organizations: South Korea CNN, Marvel, Defence Science, Technology Group, Navy, Anduril, Government Defence, Australian Defense Ministry, “, US Navy, Boeing, Pentagon, Advanced Research Products Agency, DARPA, Research Projects Agency, Northrop Grumman, Manta, Defense, Research, Agency, US, U.S . Navy Locations: Seoul, South Korea, Australia, United States, Iraq, Afghanistan, Ukraine, Kyiv, Swiss, Anduril Australia, Geostrategy, Southern California, Maryland, California, China, UUVs, Beijing, Canada, France, India, Iran, Israel, North Korea, Norway, Russia, United Kingdom, Sutton

☆ GM can regain market share in China after hitting 20-year low, executive says
▼ + stars: | 2024-05-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Reuss also touted the competitiveness of GM's Chinese joint venture partners such as Wuling Motors. GM's market share in China, including its joint ventures, has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% since 2003. DETROIT – General Motors believes it can regain market share in China after hitting a roughly 20-year low last year amid changing market conditions and increased domestic competition, GM President Mark Reuss said Thursday. The market declines have spurred questions on whether GM would exit China, as it has other underperforming markets in recent years. The automaker said Steve Hill, currently GM's vice president of global commercial operations, would succeed GM China President Julian Blissett, effective June 1.

Persons: Mark Reuss, Reuss, " Reuss, Mary Barra, Steve Hill, Julian Blissett Organizations: Hamtramck Assembly, Wuling Motors, GM, Buick, DETROIT –, Motors, JV, Financial Times, Car, U.S . GM's, Chevrolet, China Locations: Detroit, Hamtramck, Michigan, China, DETROIT, U.S . GM's U.S

☆ Billions in Chips Grants Are Expected to Fuel Industry Growth, Report Finds
▼ + stars: | 2024-05-08 | by ( Madeleine Ngo | ) www.nytimes.com time to read: +1 min

Billions in federal subsidies for semiconductor manufacturers are expected to help reverse a decades-long decline in America’s share of global chip manufacturing. As a result, America’s share of world chip manufacturing is expected to rise for the first time in decades, to 14 percent by 2032, up from about 10 percent today. The report found that much of the industry’s growth would be fueled by the bipartisan CHIPS Act, which gave the Commerce Department $39 billion to encourage semiconductor manufacturing in the United States. Absent that legislation, America’s share of global chip manufacturing would have fallen to 8 percent by 2032, according to the report. The United States is also expected to see a substantial boost in the domestic production of advanced logic chips, which are used in artificial intelligence, smartphones and autonomous vehicles.

Persons: Biden Organizations: Semiconductor Industry Association, Boston Consulting Group, Commerce Department Locations: United States

☆ Wayve, an A.I. Start-Up for Autonomous Driving, Raises $1 Billion
▼ + stars: | 2024-05-06 | by ( Adam Satariano | ) www.nytimes.com time to read: +1 min

Wayve, a London maker of artificial intelligence systems for autonomous vehicles, said on Tuesday that it had raised $1 billion, an eye-popping sum for a European start-up and an illustration of investor optimism about A.I.’s ability to reshape industries. Previous investors in Wayve include Yann LeCun, Meta’s chief A.I. Wayve was co-founded in 2017 by Alex Kendall, a Cambridge University doctorate student focused on computer vision and robotics. Unlike generative A.I. systems made by Wayve serve as the brains for physical objects, be they cars, robots or manufacturing systems.

Persons: Uber, Yann LeCun, Wayve, Alex Kendall Organizations: Microsoft, Nvidia, Cambridge University, OpenAI, Google Locations: London, Wayve

☆ Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
▼ + stars: | 2024-04-30 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +5 min

Tesla shares fell nearly 6% on Tuesday following news that CEO Elon Musk was pressing ahead with more job cuts at Tesla , impacting an estimated 500 employees in its Supercharger team. In the email, Musk also expressed consternation that Tesla management hadn't thinned out the company's staff more promptly at his direction. Other laid-off Tesla employees posted publicly about Tesla shrinking the Supercharger team. In cutting that group, Tesla revealed it's throttling the expansion of its Supercharger network in the U.S. The move comes after Tesla struck partnerships with Ford , GM and other industry players ensuring they would manufacture cars using the Tesla NACS (North American Charging Standard) for compatibility with Tesla charging stations, and allowing those companies' customers to use Tesla stations.

Persons: Tesla, Elon Musk, Musk, Rebecca Tinucci, Daniel Ho, Andres Pinter, Pinter, Junheng Li Organizations: EV, CNBC, U.S, Ford, GM, Tesla, U.S . Transportation, Clean Transportation, Baidu, Warren Capital Locations: Tesla, California, United States, U.S, China

☆ Here are Friday's biggest analyst calls: Nvidia, Microsoft, Alphabet, Apple, Snap, Intel, Western Digital and more
▼ + stars: | 2024-04-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Alphabet as buy Bank of America said it is sticking with its buy rating on Alphabet following earnings Thursday. Deutsche Bank reiterates Snap as buy Deutsche Bank said it is sticking with its buy rating on the stock following earnings on Thursday. " Goldman Sachs reiterates Intel as sell Goldman Sachs said it is standing by its sell rating on Intel shares following earnings Thursday. Benchmark upgrades Western Digital to buy from hold Benchmark upgrades Western Digital following the company's "major upside" earnings report. Bank of America reiterates Nvidia as buy Bank of America said Nvidia remains a top idea at the firm.

Persons: Goldman Sachs, prioritization, Maxim, Bank of America downgrades Hertz, Raymond James, Knight, Morgan Stanley downgrades Mobileye, Morgan Stanley, Piper Sandler, Wells, Dow Organizations: Bank of America, Deutsche, Deutsche Bank, Microsoft, Intel, TAM, Apple, Barclays, Enphase Energy, Digital, " Bank of America, Sonic Automotive, underperform Bank of America, Underperform, of America, Nvidia, AMD, MU, Caterpillar, Air Defense, Swift Transportation, EPAM, IT Services, Materials, Compass Minerals, JPMorgan, Dow, Teledyne, HSBC Locations: China, underperform, Israel

☆ Elon Musk is keeping investors' dreams of a Tesla robotaxi alive
▼ + stars: | 2024-04-24 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

This is the Tesla Musk is selling to Wall Street, and he's telling anyone with doubts to stay away. "If somebody doesn't believe Tesla's going to solve autonomy, I think they should not be an investor in the company," Musk said on the earnings call. In a shareholder deck that Tesla published before the call, the company featured a "preview of ride-hailing in the Tesla app." At an AI Day in August 2021, Musk said Tesla would build a humanoid robot, now known as Optimus. "No matter what, even if I got kidnapped by aliens tomorrow, Tesla will solve autonomy, maybe a little slower but it would solve autonomy for vehicles at least," Musk said.

Persons: Tesla's, Elon Musk, Musk, Tesla, FSD, haven't, bodysuit, Optimus, SeongJoon Cho, you've, He's, Alex Potter, Piper Sandler, there's Organizations: Revenue, Auto, NBC News, California Department of Motor Vehicles, Optimus, Tesla Inc, Seoul Mobility, Bloomberg, Getty Images Bloomberg, Getty, Tesla, Microsoft, SpaceX Locations: California, Nevada, China, Goyang, South Korea, Tesla

☆ Former Tesla president: Company is pivoting to autonomy 'because their core business is weak'
▼ + stars: | 2024-04-24 | 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 EmailFormer Tesla president: Company is pivoting to autonomy 'because their core business is weak'Jon McNeill, DVx Ventures CEO and former Tesla president, joins 'Squawk Box' to discuss Tesla' quarterly earnings results, the company's demand struggles, production of new affordable EV models by early 2025, Elon Musk's robotaxi and autonomous vehicle ambitions, EV market outlook, and more.

Persons: Jon McNeill, Tesla, Elon Musk's Organizations: Former, Company, DVx

☆ Tesla execs Drew Baglino and Rohan Patel depart as company announces steep layoffs
▼ + stars: | 2024-04-15 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Tesla executives Drew Baglino and Rohan Patel announced Monday they are leaving the electric vehicle maker and clean energy company. CEO Elon Musk thanked both departing execs on X, the social network he owns and runs as chief technology officer. Baglino had worked with Tesla since its early years, starting as a firmware and electrical engineer in 2006. Patel and Baglino had been deeply involved in battery and vehicle manufacturing, related policy, and turning Tesla into a multinational EV manufacturer. Baglino wrote in a post on X:"I made the difficult decision to move on from Tesla after 18 years yesterday.

Persons: Drew Baglino, Rohan Patel, Elon Musk, execs, Tesla, Baglino, Patel, Barack Obama, gratified, Musk Organizations: Tesla, Reuters Locations: London, England

Morgan Stanley raised its price target on Netflix to $700 from $600. 7:13 a.m.: JPMorgan cuts Boeing price target, but says demand should push strong long-term growth Investors shouldn't give up on Boeing as a long-term investment, according to JPMorgan. Analyst Seth Seifman lowered his price target by $20 to $210, implying 21.1% potential upside for shares of the aerospace company. He raised his target price by $14 to $62, which suggests 4.2% potential upside for DocuSign over the next year. The analyst kept his neutral rating on the stock but cut his price target by $16 to $180.

Persons: Morgan Stanley, Seth Seifman, Seifman, — Pia Singh, Evan Seigerman, Seigerman, Karl Keirstead, DocuSign, Keirstead, Itay Michaeli, Michaeli, Tesla, Elon Musk, Benjamin Swinburne, Swinburne, Wolfe, Shreyas Patil, Patil, Fred Imbert Organizations: CNBC, Netflix, Wolfe Research, JPMorgan, Boeing, Novo Nordisk, BMO Capital Markets BMO Capital, pharma, UBS, Adobe, Citi, Citi Research, Tesla, Netflix Netflix, Mobileye Locations: China, Novo, U.S, Netflix's

☆ A robotaxi isn't enough to fix Tesla's problems, analyst says. Here's what Elon Musk needs to do.
▼ + stars: | 2024-04-12 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Related storiesTesla's Full Self-Driving software beta, or FSD, is currently classified as "level two" in an industry standard that goes up to six. Musk has also talked up the value of a more affordable TeslaMusk has also touted the importance of a cheaper Tesla model for years. "This has always been our dream, from the beginning of the company," Musk said during Tesla's "Battery Day" presentation in 2020. As the lack of low-cost options turns some customers off from making the switch to EV vehicles, Tesla has experienced decreased demand. With the ongoing issues surrounding Tesla's margins and demand, the analysts said Musk needs to "regain confidence in the eyes of the Street."

Persons: —, Elon Musk, Tesla, Musk, It's, Apple, Didi, Martin Eberhard, Eberhard Organizations: Service, Business, Reuters, Teslas, Baidu, Tesla, Tesla's Locations: Los Angeles, Bay, California, China

☆ Stocks making the biggest moves before the bell: JPMorgan, BlackRock, Globe Life and more
▼ + stars: | 2024-04-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

JPMorgan — The bank slipped 2.4% despite beating expectations on both lines and reporting lower credit costs than anticipated. Wells Fargo — Wells Fargo shares vacillated after reporting first-quarter earnings , but were recently up less than 1%. The bank topped Wall Street's expectations on the top and bottom lines, but reported a decline in net interest income. Citigroup — Shares rose more than 2% after the bank posted $21.1 billion in revenue , which was higher than analysts' expectations of $20.4 billion, according to LSEG. Globe Life — The insurer jumped about 9% in Friday's extended trading, rebounding after tumbling more than 50% in the prior session.

Persons: Jamie Dimon, LSEG, Thursday's, Raymond James, —, Macheel, Samantha Subin, Sarah Min, Michelle Fox Organizations: JPMorgan, Citigroup —, BlackRock, Blackrock, Research, Paramount, Skydance, Wolfe Research, Corteva, Citi Locations: Wells, LSEG

☆ Robotaxi regulators say Tesla hasn’t contacted them about plans teased by Musk
▼ + stars: | 2024-04-11 | by ( David Ingram | ) www.cnbc.com time to read: +7 min

Musk hinted at his plans in a brief post late Friday afternoon on X, writing: "Tesla Robotaxi unveil on 8/8." Musk has talked about a robotaxi service for years. In 2019, he discussed plans to launch a robotaxi fleet using Tesla vehicles that people had leased and then returned. Musk has also talked about a robotaxi service with decentralized ownership, in which Tesla owners could rent out their cars for fares. Amazon subsidiary Zoox has said it has authorization from Nevada to operate a robotaxi service, which hasn't launched.

Persons: robotaxis, Tesla, Elon Musk, Brad Templeton, Templeton, Cruise, Musk, Zoox, hasn't, Eli Rohl Organizations: The California Department of Motor Vehicles, California Public Utilities Commission, NBC, DMV, Google, General Motors, Phoenix, Toyota, Car Dealers Association, Reuters, Cruise, Transportation Department, Nevada DMV, The, The Nevada DMV, California DMV Locations: California, San Francisco, Los Angeles, leaseholders, Arizona, Nevada, The Nevada

☆ Tesla settles lawsuit over crash that killed Apple engineer driving in Autopilot mode
▼ + stars: | 2024-04-08 | by ( Kelsey Vlamis | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Tesla settled a wrongful-death lawsuit related to a fatal 2018 crash . Walter Huang's family sued after the Apple engineer died when his Tesla was in Autopilot mode. AdvertisementTesla settled a wrongful-death lawsuit brought by the family of an Apple engineer who died when his Tesla crashed while in Autopilot mode, according to court records viewed by Business Insider. "The Huang family wants to help prevent this tragedy from happening to other drivers using Tesla vehicles or any semi-autonomous vehicles." AdvertisementRepresentatives for Tesla and the Huang family did not immediately respond to requests for comment from Business Insider.

Persons: Tesla, Walter Huang's, —, Walter Huang, Huang, Mark Fong, Bryant Walker Smith Organizations: Apple, Service, Business, Court, The Washington Post, University of South Locations: California's Santa Clara, The, University of South Carolina

☆ Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop
▼ + stars: | 2024-04-05 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Musk shared the reveal date on Friday after Reuters reported that plans for Tesla's highly anticipated low-cost car model had been scrapped. In 2015, Elon Musk told shareholders that Tesla's cars would achieve "full autonomy" within three years. Tesla still has yet to deliver a robotaxi, autonomous vehicle or technology that can turn its cars into "level 3" automated vehicles. On Friday, Apple shuttered its self-driving unit and laid off about 600 people on Friday who had been associated with the project.

Persons: Elon Musk, Porte, Tesla, Musk, FSD, Waymo, Uber, Cruise's, Leswing Organizations: Twitter, Viva Technology, Porte de, Reuters, Tesla, Companies, Wayve, Apple, Cruise Locations: Paris, France, Phoenix, San Francisco, Los Angeles, Austin , Texas, Arizona, China, Guangzhou, U.S

☆ Waymo self-driving cars are delivering Uber Eats orders for first time
▼ + stars: | 2024-04-03 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Two Waymo autonomous vehicles drive themselves down Central Avenue in Phoenix, Arizona, U.S., March 18, 2024. For Uber Eats, Phoenix is the seventh site with autonomous deliveries, but the first location where the delivery app will use Waymo's vehicles. Uber Eats has already teamed up with robotics companies Cartken, Motional, Nuro and Serve Robotics to pilot autonomous deliveries in other markets . Uber Eats customers may start receiving orders delivered by a Waymo self-driving car for the first time in the Phoenix metropolitan area. Uber Eats users in areas serviced by Waymo can opt to have their items delivered by a courier.

Persons: Uber Organizations: Robotics, Waymo, CNBC, PACE Locations: Phoenix , Arizona, U.S, Phoenix, Arizona, Chandler, Mesa, Tempe, Los Angeles, San Francisco

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