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Elon Musk says there's 'no need' for Tesla to buy Uber since Tesla owners could one day join its autonomous fleet
- Elon Musk stated there is 'no need' for Tesla to buy Uber, as Tesla owners could potentially join its autonomous fleet.
- Musk envisions a future where Tesla owners can earn money by allowing their cars to be part of Tesla's autonomous fleet for ride-hailing services.
- Tesla plans to launch its robotaxi service in Austin next month, starting with a small number of vehicles and gradually increasing the fleet size.
- Musk believes Tesla has all the necessary technology and ingredients to offer a large-scale self-driving fleet, without the need for major improvements.
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TechCrunch
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Musk says Tesla’s self-driving tests will be geofenced to ‘the safest’ parts of Austin
- Tesla's self-driving tests in Austin, Texas will be geofenced to the 'safest' areas, according to CEO Elon Musk.
- The company will prioritize safety by only allowing the vehicles to navigate intersections and areas where they are highly confident.
- Initially, Tesla will deploy around 10 Model Y SUVs with 'unsupervised' Full Self-Driving software, monitored remotely by employees.
- Musk emphasized a cautious approach, starting with a small number of vehicles and scaling up based on performance.
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Insider
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Elon Musk says Austin could have 1,000 Tesla robotaxis in just a few months
- Elon Musk plans to launch 1,000 Tesla robotaxis in Austin in just a few months.
- The initial Austin fleet is expected to hit the road in June and will be geo-fenced to certain areas.
- After Austin, Musk aims to expand the robotaxis to other cities like San Francisco, with a prediction of over 1 million self-driving Teslas in the US by 2026.
- Tesla faces regulatory challenges in California for launching robotaxis, and the initial Austin rollout will be invite-only and involve teleoperators for support.
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Teslarati
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Elon Musk just revealed more about Tesla’s June Robotaxi launch
- Elon Musk revealed more details about Tesla's June Robotaxi launch in Austin, Texas, with a slow and controlled fleet rollout for safety.
- Initially, there will be ten Model Y vehicles in the Robotaxi fleet, with plans to expand as confidence in fleet accuracy grows.
- Tesla's Robotaxi program will begin with geofenced areas in safe neighborhoods in Austin to prioritize rider safety.
- The Robotaxi program will launch in June without a driver in the vehicle, marking a significant milestone for Tesla's autonomous driving technology.
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Teslarati
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Elon Musk on Tesla vehicle sales: “We see no problem with demand”
- Elon Musk assured in an interview at the Qatar Economic Forum that Tesla's vehicle demand remains strong and the issues faced earlier this year have already been resolved.
- Tesla experienced notable sales drops, particularly in Europe, attributed to Model Y transition and external factors liks Musk's politics.
- Musk mentioned that although Tesla's sales were down in Europe, the situation has already improved, and sales are strong in other markets.
- Musk emphasized that there is no issue with demand, citing strong sales numbers and the high stock price of Tesla as indicators of the company's good standing.
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TechCrunch
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The people in Elon Musk’s DOGE universe
- Elon Musk's universe of companies has led to a collision with the U.S. federal government, showcasing his reach in the tech industry.
- The diverse individuals working with Musk and the Department of Government Efficiency reflect his talent attraction tactics.
- New details about DOGE, including worker roles and a chatbot on a website subdomain, have been revealed.
- DOGE has cut cybersecurity staff at CISA and confirmed more Musk-linked associates like Akash Bobba and Nicole Hollander.
- Individuals in Musk's inner circle, like Steve Davis and Nicole Hollander, play key roles in various government agencies.
- Amid Musk's advice to delete government agencies, his companies have received significant government contracts.
- Musk, designated as a White House employee, is a senior advisor to the president and part of DOGE. The operation is set to expire in 2026.
- DOGE staff include experienced individuals like Brian Bjelde, Amanda Scales, Branden Spikes, and others with connections to Musk's ventures.
- Former Musk employees like Bobba, Hollander, and Coulter play roles in government agencies, showcasing Musk's influence in diverse sectors.
- DOGE staff, including Farritor, Killian, and Kliger, hold key positions in various government departments and collaborate closely with Musk.
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Insider
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Don't call it a comeback: Why Goldman sees the downtrodden Magnificent 7 roaring back to beat the market
- Goldman Sachs predicts that the top tech stocks will outperform the rest of the S&P 500 in 2025 despite the recent slump in the market.
- The bank expects the 'Magnificent Seven' tech stocks, including Nvidia, Tesla, Meta, Amazon, Microsoft, Alphabet, and Apple, to show superior earnings growth driving their outperformance.
- Although these tech giants have faced challenges such as trade policy and antitrust concerns this year, they exhibited strong earnings outperformance in the first quarter of 2025.
- The top tech stocks are currently trading at discounted valuations, making them more attractive for investors, according to Goldman Sachs's chief equity strategist David Kostin.
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TechJuice
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Tesla Revealed $10 million Payments to Powerwall Plants in 2024
- Tesla disclosed paying nearly $10 million to Powerwall owners in 2024 through its Virtual Power Plant programs.
- Virtual Power Plants aggregate distributed energy storage systems like Tesla Powerwalls to stabilize the power supply by discharging stored energy during grid stress.
- Compensation for Powerwall owners in VPP programs varies, with California's Emergency Load Reduction Program offering around $2.00 per additional kWh contributed during grid events.
- Tesla's VPP initiatives, starting in Australia in 2019, have now expanded to multiple U.S. states, offering different compensation structures to homeowners supporting grid stability with clean energy.
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Mensjournal
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Musk Pledges to Stay With Tesla Despite Outside Roles
- Elon Musk confirmed his commitment to leading Tesla for the next five years during an event at Bloomberg's Qatar Economic Forum.
- Musk emphasized that his dedication to Tesla is about maintaining control over the company's future and not a financial decision.
- Some investors have raised concerns about Musk's focus due to his involvement in other ventures and political roles, leading to a decline in Tesla's stock value.
- Shares of Tesla rose by about 1% following Musk's affirmation, aiming to reassure stakeholders about his continued leadership at the electric vehicle giant.
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Insider
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Elon Musk says he's committed to being Tesla CEO in 5 years — unless he dies
- Elon Musk reaffirmed his commitment to being the CEO of Tesla for the next five years unless he passes away during a video interview at the Qatar Economic Forum.
- He emphasized the importance of maintaining control over the company and expressed concerns about being removed from his position.
- Musk addressed doubts about his future at Tesla, denying rumors about the board searching for a new CEO and highlighting his focus on controlling the company's direction.
- Despite challenges such as a legal dispute over his pay package and underwhelming first-quarter deliveries, Musk remains confident in Tesla's performance and mentioned a stock price revival.
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Teslarati
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Tesla Australia Exec: No regulatory barriers for FSD release
- Tesla's Country Director for Australia and New Zealand, Thom Drew, confirmed that there are no regulatory barriers for the release of Full Self Driving (FSD) in Australia.
- A video demonstration of FSD Supervised navigating Melbourne's CBD impressed many, showcasing the system's capability to handle busy streets and perform maneuvers like hook turns smoothly.
- Drew emphasized Tesla's global focus on expanding FSD, with the engineering team actively working on rolling it out globally.
- The potential release of FSD in Australia depends on local calibration and performance, with no current regulatory hurdles in place for its rollout in the country.
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Insider
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Silicon Valley used to idolize youth. AI is changing that.
- AI is reshaping tech hiring, leading to reduced demand for entry-level roles and a preference for experienced talent, as evidenced by a 50% drop in entry-level Big Tech hiring since pre-pandemic times, according to SignalFire data.
- Silicon Valley's focus on youth in tech hiring is diminishing, with a higher value now placed on midsenior hires who bring experience over youthful potential.
- SignalFire's report attributes part of this shift to the increasing role of AI in automating tasks that were traditionally given to junior developers, emphasizing the need for qualities like discernment honed through experience.
- The 'experience paradox' has emerged, where companies seek pretrained junior hires, but young candidates struggle to gain experience without opportunities, leading to challenges for young professionals entering the tech industry.
- The cultural shift in tech hiring now prioritizes proven execution over long-term potential, with startups increasingly hiring mid- and senior-level engineers for roles related to machine learning and data science.
- While C-suite hiring has slowed, companies are turning to 'fractional' roles like part-time CTOs and CMOs to access senior talent without significantly increasing costs.
- As AI reduces the immediate demand for junior hires in the tech industry, young professionals need to exhibit more creativity and hustle through avenues like boot camps, freelancing, and AI skills to enter the field successfully.
- The tech industry faces risks of breaking its talent pipeline by not reinvesting in early-career talent, emphasizing the importance of building and training the next generation of technologists for future sustainability.
- In 2025, the paradigm of youthful dominance in tech hiring is being rewritten to prioritize experience, with a focus on qualities like proven execution and autonomy in new hires.
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Teslarati
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Tesla China registrations bounce back to 11.1k vehicles in May’s 2nd full week
- Tesla reported 11,130 insurance registrations in China in the week of May 12-18, 2025, marking a 262.5% increase from the previous week.
- The surge in registrations suggests that Giga Shanghai may still be exporting Model 3 and Model Y vehicles to foreign territories despite domestic volatility.
- Tesla China's registrations had dropped to 3,070 in the week ending May 11 but rebounded significantly to 11.1k in the week ending May 18.
- While Tesla China's registrations for 2025 are still down 6.5% year-over-year, the recent increase indicates a positive trend in the electric vehicle market.
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Teslarati
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xAI receives more Tesla Megapacks for Colossus 2
- xAI is enhancing its Colossus 2 data center in Memphis with 168 Tesla Megapacks to support its AI supercomputer expansion.
- The Megapacks will provide battery storage backup to Colossus 2, which aims to be the first Gigawatt AI training supercluster.
- xAI plans to scale Colossus up to 1 million GPUs and reduce its carbon footprint through cleaner backup power sources like Megapacks.
- Tesla Energy's Q1 2025 performance supports xAI's expansion, and the strategic use of Megapacks positions xAI to compete with AI leaders while focusing on efficiency and sustainability.
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Teslarati
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Grok 3 by xAI Rolls Out on Azure AI Foundry with Free Trial
- xAI’s Grok 3 model is now available on Microsoft’s Azure AI Foundry Models, launching with a free preview to drive AI innovation.
- Grok 3 became available on Microsoft’s Azure AI Foundry Models on May 19, 2025, offering developers a cost-free trial until early June.
- The collaboration between Microsoft and xAI integrates Grok 3 with Azure’s infrastructure for enterprise applications in reasoning, coding, and visual processing, promoting AI accessibility.
- Microsoft offers flexible deployment options for Grok 3 on Azure, including pay-per-token API calls for quick scaling and Provisioned Throughput Units (PTUs) for steady high-volume scenarios, aiming to support diverse AI ecosystems.
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