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Waymo temporarily halts service in select San Francisco and LA areas amid protests
- Waymo has suspended its driverless taxi operations in parts of Los Angeles and San Francisco due to violent protests related to ICE raids.
- Protests erupted in response to immigration raids, resulting in vandalism and burning of Waymo Jaguar I-Pace robotaxis.
- At least five Waymo robotaxis were damaged, with one vehicle burned down, causing toxic fumes from burning lithium-ion batteries.
- Each Waymo robotaxi costs between $150,000 and $200,000; this is not the first time Waymo vehicles faced attacks during protests.
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Insider
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Uber is teaming up with a Microsoft-backed startup to launch robotaxis on the chaotic roads of London
- Uber is teaming up with Wayve, a Microsoft-backed startup, to launch robotaxis in London for a driverless ride-hailing service.
- Wayve's AI-powered self-driving technology will be deployed by Uber for the pilot program of fully autonomous vehicles in London.
- The UK government has fast-tracked approval for pilots of self-driving taxis, with Wayve's CEO stating that London's chaotic roads are ideal for testing robotaxi services.
- Wayve uses an end-to-end AI model, similar to Tesla, enabling its 'AI driver' to react to the physical world like a human, with plans to operate in various cities globally through partnerships with companies like Uber
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Insider
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Management experts say 'Uncle Elon' needs to cry 'Uncle!'
- President Donald Trump and Elon Musk's bromance turned sour as their shared enthusiasm for cutting government waste led to personal animosity and management clashes.
- Musk's Department of Government Efficiency (DOGE) faced criticism for clumsy management that resulted in disruption, mistrust, and talented individuals leaving the organization.
- DOGE claimed $180 billion in savings but estimates suggest its actions could cost up to $135 billion.
- Musk's involvement with DOGE affected his businesses negatively, leading to wealth fluctuations and Tesla's market cap decline.
- Trump and Musk's fallout included threats to terminate Musk's governmental subsidies and contracts worth billions of dollars.
- Musk's leadership style, characterized by top-down decision-making, clashed with the government's need for transparency and collaboration.
- Experts point out that Musk overestimated his role in implementing spending cuts and underestimated the cultural differences in government operations.
- The tension between Trump and Musk highlights power struggles and the negative consequences of ego-driven clashes in management.
- Musk's future strategies may involve portraying himself as a technocrat offering help while navigating political alliances and brand repair for Tesla.
- Lessons from the Musk-Trump rift emphasize the importance of understanding organizational culture and working collaboratively rather than imposing tech-world tactics.
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Teslarati
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xAI targets $5 billion debt offering to fuel company goals
- xAI, supported by Morgan Stanley, plans a $5 billion debt offering to advance its artificial intelligence ventures.
- The financing package includes bonds and two loans, emphasizing xAI's strategic aim to boost its AI development.
- Morgan Stanley is marketing a floating-rate term loan B at a 97-cent dollar price, showcasing a cautious lending approach amidst economic uncertainty.
- In addition to debt, xAI is in discussions to secure $20 billion in equity, potentially valuing the company between $120 billion to $200 billion, positioning it for a significant role in the AI revolution.
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Teslarati
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SpaceX to debut new Dragon capsule in Axiom Space launch
- Axiom Space is launching Ax-4 mission to the International Space Station (ISS) with a new SpaceX Crew Dragon capsule atop a Falcon 9 rocket.
- The Ax-4 mission was delayed by one day due to expected high winds, with the launch scheduled for 8:00 a.m. EDT on Wednesday from NASA's Kennedy Space Center in Florida.
- The mission marks the debut of an updated SpaceX Crew Dragon capsule with improvements in storage, propulsion components, and seat lash design for enhanced reliability and reuse.
- Axiom Space aims to lead in commercial space exploration by conducting research in various scientific fields with a diverse international crew on a 14-day mission to the ISS, contributing to the development of the Axiom Station.
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Insider
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Musk is leaving the government. Trump is keeping 2 things.
- President Trump stated he will keep the White House's Starlink internet service and Tesla vehicle he purchased, showing support for Elon Musk.
- Their relationship seemed strained after Musk criticized Trump's tax bill and implied support for the latter's impeachment.
- Trump initially considered selling or giving away the Tesla, but he now plans to keep it along with the White House's Starlink service.
- Elon Musk was a supporter of Trump, with SpaceX's Starlink service being installed at the White House to enhance Wi-Fi connectivity.
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Teslarati
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Tesla named official AV operator in Austin ahead of robotaxi launch
- Tesla has been named as an official autonomous vehicle (AV) operator in Austin, Texas, ahead of its upcoming robotaxi service launch in the city.
- The company is listed on the Austin Department of Motor Vehicles (DMV) website, but it is still in the testing phase along with most other AV operators in Austin.
- Initially, Tesla will deploy the robotaxi service as a limited pilot program using Model Y vehicles to test in safe areas within geo-mapped boundaries.
- Elon Musk has hinted that the public in Austin could be ready to use Tesla's Robotaxi service without an invitation by the end of June.
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Insider
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Tesla stock gets a fresh downgrade, with the Musk-Trump fight fueling uncertainty and risk of 'brand damage'
- Baird downgraded Tesla stock from 'Buy' to 'Neutral' following Elon Musk's public feud with President Donald Trump last week.
- The analysts at Baird cited concerns of 'brand damage' and increased uncertainty due to Musk's political activities.
- The downgrade was also influenced by rising competition in the EV space, tariff disruptions in the supply chain, and high investor expectations for Tesla's robotaxi rollout.
- Tesla's shares have surged by nearly 70% in the last year, but experienced a 26% decline in 2025 amid the ongoing challenges.
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The Verge
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The Cadillac Optiq-V is GM’s first EV with built-in Tesla Supercharger support
- Cadillac unveils the Optiq-V, a performance variant of the Optiq electric vehicle with 519 horsepower, 650 lb-ft of torque, and 0–60 mph acceleration in 3.5 seconds in Velocity Max mode.
- The Optiq-V is the first General Motors electric vehicle with a native NACS charging port, allowing access to Tesla Superchargers without the need for an adapter.
- Equipped with an 85 kWh battery pack providing 275 miles of range, the Optiq-V features a dual-motor setup, optional carbon fiber package for sporty enhancements, and unique sound simulation of a combustion engine.
- Priced at $68,795, the Optiq-V will be available in the US, Canada, Mexico, the Middle East, and Israel, offering V-Mode for customized driving settings and omitting support for Apple CarPlay and Android Auto mirroring.
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Silicon
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Tesla’s Head Of Optimus Exits Company
- Milan Kovac, head of engineering for Tesla's Optimus humanoid robot programme, has abruptly left the company, creating uncertainty around the AI-powered machines.
- Ashok Elluswamy, head of Tesla's Autopilot teams, will take over responsibility for Optimus following Milan Kovac's departure.
- Tesla's focus on Optimus robots and electric cars' AI-based self-driving features as crucial for its valuation has garnered attention, although these offerings have not yet been released.
- Tesla plans to make a significant number of Optimus robots this year, intending to eventually sell them to consumers, though launch plans have not been announced.
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The Verge
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Tesla just lost the head of its robotics division
- The head of engineering for Tesla's humanoid robot division, Milan Kovac, has left the company to spend more time with family abroad.
- Kovac's departure is not expected to impact Tesla's plans to build thousands of humanoid Optimus robots this year as part of their product development strategy.
- Autopilot chief Ashok Elluswamy will take over responsibility for the humanoid robot division, which is seen as a crucial part of Tesla's future plans.
- Tesla aims to overcome challenges like China's restrictions on rare earth minerals and magnets to meet its production target of 5,000 robots by the end of this year and 50,000 by 2026.
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Silicon
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Tesla Robotaxi Launch In Austin Expected This Month
- Tesla is expected to launch Robotaxi-branded autonomous vehicle rides in Austin, Texas this month in a 'pilot' launch with around 10 vehicles initially.
- The service will be by invitation-only with teleoperators overseeing vehicle operation to ensure safety, similar to Waymo's approach in Austin.
- Tesla plans to use consumer vehicles initially before transitioning to purpose-built cars called Cybercabs that have no steering wheel or pedals.
- The launch comes amid concerns over the use of untested technology, with analysts and investors closely watching Tesla's progress in the self-driving sector.
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Teslarati
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Tesla tops Cathie Wood’s stock picks, predicts $2,600 surge
- Cathie Wood, the Ark Invest founder, highlighted Tesla as her top stock pick during a podcast with Steven Bartlett, citing its convergence of robotics, energy storage, and AI.
- Ark Invest issued a $2,600 price target for Tesla in June 2024, which Wood reaffirmed recently, projecting the stock to reach this level within five years. Wood emphasized the role of Tesla's Optimus robots in driving productivity gains and creating new revenue streams.
- Elon Musk echoed Wood's optimism about Tesla's Optimus robots, stating that thousands of them would be working in Tesla factories by the end of the year and scaling up rapidly.
- Despite recent volatility in Tesla's stock price and challenges faced by the company, Wood and Ark Invest maintain their faith in Tesla's potential to redefine industries through AI and robotics, aiming for a $2,600 target as Tesla's advancements continue.
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Insider
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Elon Musk's feud with Trump likely won't blow up Tesla's robotaxi push, analysts say
- Elon Musk's feud with President Donald Trump resulted in Tesla's stock dipping 14% on Thursday before recovering some losses.
- Analysts believe the feud will not have a lasting impact on Tesla's business, including its robotaxi ambitions.
- Trump threatened to cancel government contracts with Musk's companies, while Musk criticized the GOP's spending bill that slashes EV tax credits.
- Despite the feud, analysts say there is little reason to believe the administration would hinder Tesla's robotaxi progress, as autonomy is central to physical AI development.
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Evannex
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Trump vs. Musk: The Political Power Play That Shook Tesla
- Tesla's stock plummeted after a public dispute between Elon Musk and Donald Trump over proposed rollback of EV tax credits.
- The clash began with Musk criticizing a legislation introduced by Trump to eliminate the federal $7,500 EV tax credit, leading to a heated exchange between the two.
- As tensions escalated, Trump threatened to cut government subsidies to Musk's companies, causing market turmoil and Tesla's stock to drop by 14.2%.
- Efforts are now being made to de-escalate the situation, with reports of arranging a call between Musk and Trump to address the issue and its impact on the EV market in the U.S.
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