Tesla shares sink
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Tesla plans to offer a chauffeur-style service operated by human drivers to a limited number of people in the San Francisco Bay Area, a California regulator said on Friday, contrary to a media report that the EV maker would offer a robotaxi service.
Elon Musk is taking steps to expand his autonomous ride-hailing service to the Bay Area, according to a Business Insider report.
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The Tesla CEO said the company expects to expand their autonomous driver service to include customer-owned cars.
Tesla has told California it would expand operations of a chartered transportation service in the Bay Area, a state regulator said on Friday.
Tesla reported a major stumble in Q2, which has its investors fretting over the future. Sales tanked 12% year-over-year to $22.5 billion, while net income slid 16% to $1.17 billion. On top of that, adjusted EPS dropped 23% to just 40 cents, underscoring soft momentum that’s been weighed down by waning EV demand.
Tesla’s long-awaited diner has just opened in Hollywood. Serving smashburgers, hotdogs, chicken & waffles and more; the restaurant has attracted visitors from all over. The lot has about 80 superchargers available,
An earnings miss and Elon Musk warning send the shares of the electric-car maker down. But the company still has all of the components of success in artificial intelligence.
Elon Musk says Tesla could hit a $20 trillion valuation with “extreme execution.” But with earnings slipping and Bitcoin holdings limited, is that even realistic? Here's the math behind the moonshot.