Tesla’s robotaxi is set to have two front seats and butterfly-wing doors, and CEO Elon Musk is expected to discuss deploying the Full Self-Driving assistance software on the Semi big rig, Bloomberg News reported Wednesday.The billionaire is expected to make the announcement when the electric-vehicle maker unveils the robotaxi at a highly anticipated event on Thursday, the report said, citing people familiar with the matter.Elon Musk’s Tesla is set to unveil the robotaxi at a highly anticipated event on Thur ...

The Walt Disney Company is hiking the prices of tickets for admission to its two Southern California theme parks by about 6% on the busiest days.Weekends and holidays, which are the highest volume days in terms of visitors to Disneyland and California Adventure, will be hiked 6.2% from $194 to $206 a day effective immediately, the company announced on Wednesday.Anyone looking to hop between the two parks will need to fork over another $65, which remains unchanged. 3 Weekends and holidays, which are the hi ...

A major McDonald’s french fries supplier is slashing jobs as cash-strapped customers steer clear of the fast food industry amid inflated prices.Lamb Weston, the largest producer of french fries in North America, announced last week that it is cutting 4% of its global workforce and curtailing production lines following a dismal earnings report, as first reported by CNN.The Eagle, Idaho-based company closed a plant in Connell, Wash., on short notice — resulting in the loss of 375 jobs, according to NBC NonSto ...

Core Insights - Tesla is recalling over 27,000 Cybertrucks in the US due to delayed rear-view camera images, which could impair driver visibility and increase crash risks [1][3] - This marks the fifth recall for the 2024 Cybertruck models since January, with a software update being issued to address the issue [1][3] - The Cybertruck was launched to refresh Tesla's aging lineup amid slowing electric vehicle demand, following a two-year delay in deliveries due to production and battery supply issues [3] Recall Details - The recall is related to a system issue where the rear-view image may not display within two seconds of shifting into reverse, potentially showing a blank screen for six to eight seconds [5] - Tesla has reported 45 warranty claims and four field reports possibly linked to the recall, but no collisions, fatalities, or injuries have been reported [5] Production Context - Tesla has not disclosed specific production or delivery numbers for the Cybertruck, which is closely monitored by investors due to the significant resources invested in its development [3]

Tesla plans to design four new versions of its in-house battery to power the Cybertruck, its forthcoming robotaxi and other electric vehicles, the Information reported Thursday, citing people with knowledge of its plans.The Elon Musk-led firm currently sources most of its EV batteries from other companies, including Panasonic Energy and LG Energy but has been trying to ramp up production of its 4680 battery cells in the US to lower costs and boost margins.The development of the 4680 battery has been facing ...

Core Insights - Costco is expanding its precious metals offerings by selling 1-ounce platinum bars and Canada maple leaf platinum coins for $1,089.99 each, available online only [2][5] - The company has seen significant success in its precious metals business, particularly with gold bars, which have generated substantial revenue since their introduction [5][7] - The value of platinum has increased over 15% in the past year, closing at $1,019.60 per ounce, while gold has surged over 45% in the last year and nearly 80% over the past five years, closing at $2,679.90 [5][7] Membership and Sales - Buyers must hold a Costco membership, which costs between $65 to $130 annually, to purchase the platinum bars and coins [5] - The sale of gold bars has reportedly generated up to $200 million in monthly sales for Costco, indicating strong demand for precious metals among its members [7] Restrictions and Policies - The platinum bars and coins cannot be delivered to Louisiana, Nevada, or Puerto Rico, and they are not eligible for returns or refunds [5]

More than 20,000 Bank of America customers on Wednesday reported issues accessing their account information, according to a site that reports on service outages in real time. Reports of service issues spiked around 12:45 p.m., according to DownDetector.com. Bank of America customers reported service issues on the mobile banking app. AP Most customers reported having issues with their mobile banking accounts. Bank of America did not immediately respond to requests for comment. Users reported being unable to ...

OpenAI has raised $6.6 billion from investors at a post-money valuation of $157 billion, the company announced on Wednesday, cementing the ChatGPT maker’s status as one of the most valuable private companies in the world.The funding has attracted returning venture capital investors including Thrive Capital and Khosla Ventures, as well as OpenAI’s biggest corporate backer Microsoft, and new participation from Nvidia.The closing of the funds coincides with the company’s ongoing restructuring efforts and execu ...

Elon Musk’s Tesla handed over fewer vehicles than analysts expected in the third quarter as stiff competition in China and Europe hit demand for its aging models, putting the electric-vehicle maker at risk of its first-ever decline in annual deliveries.Shares of the world’s most valuable automaker fell 5% in morning trading on Wednesday and were on track to erase nearly all their gains for the year.Growing consumer interest in hybrids over EVs, a lack of European subsidies and strong competition in China we ...

Nike withdrew its annual revenue forecast on Tuesday and missed estimates for quarterly revenue as the sportswear giant battles weak footwear demand amid stiff competition from newer brands globally, sending its shares down 6% after hours.It had earlier forecast a mid-single-digit percentage range decline in annual revenue.The company is yet to see sales benefits from its drive to fast-track innovation with the launch of new product lines such as Air Max Dn and Pegasus 41 to revive demand.Analysts also say  ...