Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images As Tesla CEO Elon Musk continues to make lofty promises about his company’s future in autonomous driving and … Read more
An aerial view of the central business district and Sydney Opera House on February 17, 2023. David Gray | Getty Images News | Getty Images Futures for Australia’s S&P/ASX 200 stood at 7,952, slightly lower than their last close of 7,971.1. The country saw its private sector activity expand at a slower pace in July, with … Read more
A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022. Paresh Dave | Reuters Alphabet is again investing in its self-driving car unit Waymo — this time with $5 billion. “This new round of funding will enable Waymo to continue to build the world’s leading autonomous driving company,” … Read more
Tesla is set to report second-quarter earnings after the bell on Tuesday. Here’s what Wall Street is expecting based on a survey of analysts by LSEG: Earnings per share: 62 cents expected Revenue: $24.77 billion expected After a rocky first half of the year, in which Tesla cut more than 10% of headcount and saw its first- … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Timothy A. Clary | AFP | Getty Images 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, … Read more
Stocks in Asia followed a rebound on Wall Street as investors looked beyond Joe Biden ending his reelection campaign to focus on the start of the tech earnings season. The MSCI Asia Pacific Index snapped a three-day decline, as shares from Japan to South Korea and Australia rose at the open. That followed a 1.1% … Read more
Elon Musk speaking during the Tesla Annual Shareholder’s meeting in Austin, Texas on June 13th, 2024. Source: Tesla Inc. Tesla will report second-quarter earnings after the bell on Tuesday. The company’s vehicle deliveries report on July 2 was better than analysts feared, but still represented a decline from the previous year. The earnings call on … Read more
In the race to make EVs cheaper and more profitable, companies are pulling just about every lever they can. But while improving battery technology often hogs the spotlight, automakers are investing heavily into changing how the rest of the car is made. One such method is megacasting, or gigacasting, as Tesla calls it. Gigacasting is … Read more
SpaceX CEO and X owner Elon Musk said Tuesday he will move the headquarters of both companies from California to Texas. Musk had vowed to make the moves in response to Gov. Gavin Newsom (D-Calif.) signing a new law that bars school districts in that state from requiring parents to be notified of a child’s … Read more
Mark using Synchron’s BCI Courtesy: Synchron A 64-year-old named Mark has spent the last year learning how to control devices like his laptop and phone using a brain implant. And thanks to OpenAI, it’s gotten a whole lot easier to do. The neurotech startup Synchron said Thursday it’s using OpenAI’s latest artificial intelligence models to … Read more
