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Tesla CEO Elon Musk confirms Robotaxi will come to Saudi Arabia
- Tesla CEO Elon Musk confirmed the company's Robotaxi platform will come to Saudi Arabia during the Saudi-U.S. Investment Forum.
- This marks the first time Musk specifically mentioned Tesla's intention to expand into Saudi Arabia with the Robotaxi platform.
- The Robotaxi platform is set to launch in Austin, Texas, in June, and its global expansion includes plans for Saudi Arabia.
- Tesla's Full Self-Driving suite is expanding worldwide, with Europe as the next target after recent launches in China.
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Teslarati
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Tesla is building Cortex 2.0 supercomputer facility in Giga Texas
- Tesla is constructing a new facility, Cortex 2.0, in its Giga Texas complex for supercomputing purposes.
- The buildout for the Cortex 2.0 facility is progressing rapidly, with expectations of it being operational by late this year or early next year.
- The supercomputer clusters at Giga Texas are crucial for Tesla's advancements in Full Self-Driving (FSD) technology and the Optimus program.
- Elon Musk has mentioned plans for producing the first legion of Optimus robots this year, with Giga Texas' Cortex 2.0 facility expected to play a significant role in supporting such initiatives.
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Silicon
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Regulator Probes Tesla Safety Ahead Of Robotaxi Launch
- The US auto safety regulator, National Highway Traffic Safety Administration (NHTSA), has asked Tesla for more details on its planned automated taxi service in Austin, Texas, focusing on the use of Tesla’s 'Full Self-Driving' (FSD) offering.
- The NHTSA’s probe into FSD, launched in October, is focused on how the system performs in reduced visibility conditions after reported collisions, including a fatal crash in 2023.
- The NHTSA's letter to Tesla asks about the number of vehicles to be used as robotaxis, safety measures in poor weather, monitoring of vehicles, compliance with industry standards, and the use of sensors and cameras.
- Tesla has until June 19 to respond to the NHTSA or may face fines. Concerns have been raised regarding Tesla's promotion of FSD as a robotaxi and the need for persistent driver attention even with features like Autopilot and Full Self-Driving.
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Teslarati
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Tesla Optimus dance video showcases the company’s quick progress
- Elon Musk shared a Tesla Optimus dance video, showcasing the humanoid robot's progress and flexibility.
- Tesla announced the development of a humanoid robot in 2021 and unveiled semi-functional prototypes in 2022.
- By 2023, Tesla demonstrated advanced tasks like sorting blocks and maintaining yoga poses with Optimus Gen 2.
- Tesla has started limited production of the Optimus bot and plans to produce over 1,000 units for internal use in 2025.
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“The problem is Elon”: Tesla employees demand Musk resign
- A group of Tesla employees have written an open letter demanding CEO Elon Musk's resignation, with one worker claiming to have been fired as a result.
- The letter was posted on a website called Tesla Employees Against Elon, stressing that Tesla is ready to move forward without Musk.
- The employees believe the company is at a pivotal moment and must decide whether to continue with Musk as CEO or pursue success independently.
- Concerns have been raised about Musk's role as a 'special government employee' under former US President Donald Trump and its impact on Tesla's performance.
- Rumors about Tesla board members seeking a replacement CEO have surfaced amidst dissatisfaction with Musk's leadership.
- Tesla suffered a sales decline in 2024, attributed partly to Musk's distractions and association.
- Sales slumps were observed globally for Tesla, with notable declines in Europe, China, Australia, and the US in 2025.
- The open letter emphasized that declining sales were linked to people no longer wanting to associate with Musk.
- Employees criticized Musk's refocusing claims on Tesla and expressed skepticism towards his commitment to the company.
- One of the authors of the letter, Matthew LaBrot, reportedly lost his job for criticizing Musk, demonstrating internal repercussions.
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Teslarati
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Rivian stock rises as analysts boost price targets post Q1 earnings
- Rivian stock gains traction as analysts raise price targets post Q1 earnings, driven by optimism over cost control and upcoming lower-priced cars.
- Rivian exceeds Q1 expectations with better gross profit and revenue, despite a dip in stock post-earnings due to reduced 2025 delivery forecast and impact of Trump's tariffs.
- Stifel analyst increases RIVN price target to $18, citing Rivian's progress towards launching affordable vehicles, while Bernstein's analyst lifts price target to $7.05 but maintains a 'Sell' rating.
- Overall, Wall Street's average price target for RIVN increases modestly to $14.31, with one-third of analysts recommending a Buy. Rivian stock rose 2.7% on Monday, indicating positive sentiment and resilience amidst trade challenges.
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Teslarati
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EU weighs Starlink’s market impact during SES-Intelsat deal
- EU regulators are investigating SES's acquisition of Intelsat to determine the impact of SpaceX's Starlink on the satellite communications market.
- The European Commission is evaluating feedback from customers to assess Starlink's competitiveness and the influence of LEO satellite providers on the market.
- SES aims to bolster Europe's satellite industry through the acquisition, exploring alternatives to complement Starlink services.
- The EU Commission's review will shape Europe's satellite sector competitiveness, with SES seeking to enhance space-based communication resilience amidst Starlink's disruptive technology.
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TechCrunch
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Tesla’s robotaxi plans have the attention of federal investigators
- Federal safety investigators are seeking detailed information from Tesla regarding its upcoming robotaxi service and the operation of its 'Full Self-Driving (Supervised)' software in low-visibility conditions.
- The National Highway Traffic Safety Administration is interested in understanding Tesla's approach to evaluating its vehicles and driving automation technologies for use on public roads.
- Tesla's announcement about a ride-hailing robotaxi service in Austin caught the attention of federal regulators, leading to a series of questions about the safety and operational aspects of the service.
- The investigation aims to determine the relationship between Tesla's 'Full Self-Driving (Supervised)' software and the automated driving system planned for its robotaxi service, particularly focusing on safety in various visibility conditions.
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Teslarati
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Tesla gets new information request from NHTSA on Robotaxi rollout
- The National Highway Traffic Safety Administration (NHTSA) has contacted Tesla regarding its Robotaxi platform rollout in Austin, Texas.
- The NHTSA sent a letter to Tesla seeking more information on how the company plans to operate the fleet in poor weather conditions.
- Tesla has already started operating a supervised version of the Robotaxi platform for employees in Austin and San Francisco.
- The NHTSA's request for information is part of a larger investigation into Tesla's Full Self-Driving (FSD) system's performance in reduced roadway visibility conditions.
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Teslarati
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Potential affordable Tesla “Model 2/Model Q” test car spotted anew in Giga Texas
- Tesla has been testing a potential affordable model, rumored to be the 'Model 2/Model Q,' at the Giga Texas complex.
- Recent aerial footage showed a unique test car resembling a compact Model Y, missing body panels and roof, sparking speculation.
- Similar test car was spotted at the Fremont Factory in California last month, indicating ongoing testing of new affordable models by Tesla.
- Tesla's Q1 2025 Update Letter confirmed plans for new more affordable vehicles, expected to start production in the first half of 2025, resembling existing models like the Model 3 and Model Y.
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Insider
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Tech stocks are back in a bull market as Nvidia and Tesla soar
- The Nasdaq 100 entered a bull market on Monday as stocks rallied on US-China trade progress.
- Tesla rose 8% and Nvidia jumped 5%, with all other Magnificent Seven names also gaining.
- Tech stocks, including Amazon, Apple, and Microsoft, surged on the back of tariff relief following US-China negotiations.
- Nvidia, a key semiconductor stock, saw a rise last week due to the lifting of chip export restrictions by the Trump administration.
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Teslarati
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Elon Musk invited to attend investment summit in Saudi Arabia: report
- Tesla CEO Elon Musk has been invited to a Saudi-U.S. investment forum in Riyadh, Saudi Arabia.
- The event is expected to be attended by prominent CEOs from companies like Blackrock, Citigroup, IBM, Boeing, Delta Airlines, American Airlines, and United Airlines.
- Elon Musk's relationship with Riyadh has improved, as seen from Tesla's launch in Saudi Arabia and his reported invitation to the investment forum.
- This suggests the end of Musk's feud with Yasir Al Rumayyan from the $925 billion Public Investment Fund related to Musk's controversial tweet in 2018.
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Teslarati
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Tesla (TSLA) poised to hit $1 trillion valuation again amid reports of Trump China deal
- Tesla shares are surging in premarket trading following reports of US and China agreeing to roll back tariffs on each other's goods for 90 days.
- Premarket prices indicate that Tesla (TSLA) may reach a $1 trillion valuation again, a level not seen since late February.
- Both the S&P 500 and Dow Jones Industrial Average were also up in premarket trading, with Tesla stock up about 8.2%.
- The US and China have agreed to lower reciprocal tariffs on each other by 115% for 90 days, with both sides aiming for more balanced trade.
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Teslarati
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Starlink services debut on trains traveling through the Scottish Highlands
- Starlink services are set to transform customer experiences on ScotRail trains in rural Scotland through a pilot program with Clarus Networks.
- Six class 158 trains on routes from Inverness to Wick, Thurso, Kyle of Lochalsh, and Aberdeen will be equipped with Starlink equipment for improved connectivity.
- The initiative, backed by the Scottish Government, aims to address longstanding connectivity challenges, offering benefits like improved Wi-Fi service, GPS tracking, and live CCTV access.
- If successful, the trial could expand across ScotRail's fleet and influence future train procurements, setting a precedent for global rail connectivity.
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Evannex
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Tesla's Bid to Trademark 'Robotaxi' Gets Rejected by U.S. Patent Office
- Tesla's trademark application for the term 'Robotaxi' has been rejected by the U.S. Patent and Trademark Office as being too generic.
- The rejection was due to the term 'Robotaxi' being widely used by others in the industry, making it unsuitable for trademark protection.
- Tesla now has three months to respond to the rejection and prove that its use of 'Robotaxi' is unique and brand-specific by providing evidence of differentiation.
- Despite the setback, Tesla is still moving forward with its plans to launch an autonomous ride-hailing service using vehicles like Cybercabs, even though the trademark for 'Robotaxi' faces challenges.
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