Core Insights - Tesla has spent approximately $2 million on lidar technology, which is contrary to CEO Elon Musk's previous criticisms of lidar as unnecessary for electric vehicles [1][2] - Lidar manufacturer Luminar reported that Tesla was its largest customer last quarter, accounting for over 10% of Luminar's $21 million revenue [1][3] - Musk has consistently stated that Tesla relies solely on camera-based systems for its self-driving features, rejecting the use of lidar, radars, and ultrasonic sensors [3][4] Group 1: Lidar Technology - Lidar, which stands for light detection and ranging, is used to create 3D images of surroundings and is often employed in self-driving and Advanced Driver-Assistance Systems [2] - Despite Musk's negative stance on lidar, Tesla's recent purchases indicate a potential shift or testing phase regarding the technology [1][3] Group 2: Regulatory Scrutiny - Tesla's Autopilot feature has faced regulatory scrutiny, leading to a recall of over 2 million vehicles due to concerns about driver misuse [4] - The US Department of Justice is reportedly investigating Tesla for potential wire and securities fraud related to Musk's past statements about Autopilot [5]

Group 1 - Tesla aims to utilize its full self-driving technology to operate fleets of robotaxis, but requires additional tools for financial viability [1][3] - Uber's CEO, Dara Khosrowshahi, emphasized that Uber possesses essential tools such as scheduling, pricing, and identity verification technology that are crucial for any autonomous vehicle manufacturer [3] - Khosrowshahi expressed confidence in Uber's position to collaborate with all autonomous vehicle manufacturers, including Tesla, as the technology evolves [3] Group 2 - Khosrowshahi praised Tesla and Elon Musk, acknowledging Tesla's leadership in the electric vehicle market and the presence of many Teslas in Uber's marketplace [2] - Musk has reportedly discussed the rollout of Tesla's full self-driving technology with Chinese officials, who showed interest in integrating it into China's taxi services [3] - In the U.S., Tesla is still in the testing phase of its full self-driving technology, which has faced challenges in navigating certain areas, such as making left turns in busy San Francisco intersections [4]

The Department of Justice is investigating potential securities or wire fraud by Tesla, Reuters reported.The probe reportedly centers on Tesla's promotion of its driver assist software.Tesla has faced scrutiny for its driver-assist software over the years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By ...

Shopify stunned investors after reporting a surprise loss for the first three months of the year.The e-commerce platform posted a $273 million loss for the first quarter.It marks new low following its boom years during the COVID-19 pandemic. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign ...

Boeing is lauding an employee who reported a lapse with the 787 Dreamliner's safety checks.A senior Boeing executive said the employee should be celebrated for doing the "right thing."Two whistleblowers who raised issues about Boeing's planes have passed away suddenly this year. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. ...

Tesla is planning to rollout its robotaxis in China, state-owned newspaper China Daily reported.Elon Musk suggested implementing Tesla's Full Self-Driving technology in China's taxi services.The EV giant said it would unveil its long-awaited robotaxis on August 8. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address ...

Core Viewpoint - Disney reported better-than-expected profits and raised its full-year earnings growth guidance to 25% from 20%, but the stock fell 11% due to a light forecast for streaming growth [1][2]. Financial Performance - Disney added 6.3 million new subscribers in the quarter, bringing total streaming subscribers to 153.6 million, which was about 2 million below Wall Street estimates [2]. - The CFO indicated that the current quarter is pacing towards flat growth, highlighting the high expectations set by Wall Street for Disney's streaming portfolio [2]. Streaming Business Outlook - Disney's streaming segment is expected to turn profitable for the first time in its history, but the path to long-term profitability is not linear, with further losses anticipated in the fiscal third quarter due to seasonal slowdowns and increased expenses [3][4]. - Analysts believe that the transition to a streaming-focused company requires more time to meet investor expectations [3].

Mustafa Suleyman, a founder of Google's DeepMind AI lab, has worked for Microsoft for about a month.He said his short tenure is "one of the most exciting and fulfilling times I've ever experienced."Microsoft, Suleyman said, is "a truly AI-first business." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWalmart will close a Bay Area store later this month, as well as a Neighborhood Market in Milwaukee, Wisconsin, bringing the number of confirmed closures so far this year to eight.Layoff notices f ...

Apple is increasingly emphasizing the growth of its services business.Apple's definition of "services" includes advertising, which Apple routinely says is a major driver of its services growth.But Apple's definition of advertising may surprise you. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address B ...