Tesla to buy $4.3 billion of LG Energy battery cells from disbanded GM plant
[ad_1] A Tesla Megapack battery at the Harmony Energy Ltd. and Fotowatio Renewable Ventures BV battery energy storage project near Burgess Hill, England, May 11, 2021. Chris Ratcliffe | Bloomberg | Getty Images Tesla is expanding ties with South Korea’s LG Energy Solution, striking a deal to buy $4.3 billion worth of battery cells for […]
EV maker Lucid reveals plans for robotaxi, positive free cash flow late this decade
[ad_1] The Lucid display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC NEW YORK — Lucid Group expects to be cash flow positive late this decade as it plans to grow its vehicle lineup and increase its software and technology offerings, the all-electric vehicle maker announced […]
Qualcomm CEO sees robotics as a ‘larger opportunity’ within 2 years
[ad_1] Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan, May 19, 2025. Ann Wang | Reuters BARCELONA, Spain — Robotics will become a “larger opportunity” for Qualcomm within the next two years, CEO Cristiano Amon told CNBC, as the chip giant continues its foray into areas beyond the smartphone. In […]
It’s peak days for the ‘overlay everything’ trade as demand for income rises in volatile market
[ad_1] There were plenty of reasons for investors to be on edge in the current setup for stocks even before the U.S. and Israel launched a major military campaign against Iran over the weekend. The month of February, and midterm election years in particular, have a history of being bad for stocks. The cash drain […]
Tesla’s Europe problem keeps getting worse. Here’s why
[ad_1] Elon Musk, chief executive officer of Tesla Inc., during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 22, 2026. Bloomberg | Bloomberg | Getty Images U.S. electric vehicle maker Tesla‘s sales in Europe were down for a 13th consecutive month in January, while its biggest Chinese rival saw another surge. Data […]
AI robots may outnumber workers in a few decades as firms ramp up investment
[ad_1] Digital generated image of multiple robots working on laptops siting in a raw. Andriy Onufriyenko | Moment | Getty Images AI robots will exceed the working population within a few decades as more firms adopt AI agents and continue to squeeze costs, a former Citi executive warned on Monday. Rob Garlick, Citi Global Insights’ […]
Tesla sues California DMV to reverse ruling that company engaged in false advertising on FSD
[ad_1] An aerial view of the Tesla Fremont Factory in San Rafael, California, Jan. 29, 2026. Justin Sullivan | Getty Images Tesla is suing California’s Department of Motor Vehicles to reverse a ruling that found the automaker violated the law by falsely promoting its cars’ self-driving capabilities. The suit comes two months after the state’s […]