Financial Data and Key Metrics Changes - The total automotive revenue increased by 19% sequentially, despite total deliveries only improving by 14% [35] - The cost of tariffs increased around $300 million sequentially, with approximately two-thirds of that impact in automotive and the rest in energy [36] - Operating cash flows increased sequentially, resulting in $146 million of free cash flow [39] Business Line Data and Key Metrics Changes - The energy generation and solar business margins improved sequentially, while deployment reduced primarily due to the ramp of power deployments at higher margins [36] - The margins for service and other businesses improved sequentially, primarily due to higher profits from supercharging and improvements in insurance and service center profitability [38] - The production of the new Model Y ramped up at all factories, and the rollout of robotaxis service in Austin was initiated [30][31] Market Data and Key Metrics Changes - Model Y became the best-selling car in Turkey, Netherlands, Switzerland, and Austria, indicating strong international demand [8] - The company expects to expand its autonomous ride-hailing service to cover half the US population by the end of the year, pending regulatory approvals [6][7] Company Strategy and Development Direction - The company is focusing on expanding its robotaxi service and aims to increase the service area in Austin significantly [4][6] - There is a strong emphasis on autonomy as a key differentiator, with plans to enhance the full self-driving (FSD) experience and increase adoption rates [9][34] - The company is investing heavily in AI and robotics, with expectations to scale production of the Optimus robot significantly in the coming years [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, stating that if the company continues to execute well, it could become the most valuable company in the world [27][28] - There are concerns about the impact of the repeal of the IRA EV credit and tariffs on near-term business performance, but management believes long-term investments in AI and energy will pay off [31][40] Other Important Information - The company is working on regulatory approvals for autonomous services in various states, including the Bay Area, Nevada, and Florida [6][10] - The company has seen a marked improvement in FSD adoption rates in North America since the launch of version 12 [35][100] Q&A Session Summary Question: Can you give insight into how robo taxis have been performing? - The robo taxis have been performing well in Austin, with plans to expand the operating region significantly [42] Question: What are the key technical and regulatory hurdles for unsupervised FSD? - Unsupervised FSD is expected to be available for personal use by the end of the year in certain geographies, with a focus on safety [44][45] Question: What specific factory tasks is Optimus currently performing? - The Optimus design is expected to be finalized soon, with production ramping up in early next year [49][50] Question: Can you provide an update on the development of more affordable models? - Production of lower-cost models started in June, with a focus on maximizing production without negatively impacting revenue [53] Question: How will the elimination of tax credits for solar projects affect sales? - The sales pipeline is diversified, and while the recent bill was not favorable, solar projects are still expected to be built due to necessity [66] Question: Can you comment on FSD subscription trends? - There has been a 25% increase in FSD adoption since the launch of version 12, with efforts to educate customers on its benefits [100][102]

Elon Musk: “I think we'll start delivering cars autonomously to the Great Austin area and the Bay Area from the factory in Fremont by the end of this year”$TSLA https://t.co/orqMNfw89d ...

🚨 BREAKING: Elon Musk says Tesla’s Robotaxi rollout is about to grow bigger and faster than any competitor.Goal: Autonomous ride-hailing in half of the U.S. by end of 2025. Expansion coming soon to FL, AZ, CA, NV & more.$TSLA https://t.co/NuZNjD1HYq ...

The Chinese company takes a large step toward its goal of eventual commercial rollout.Autonomous driving technology specialist Pony AI (PONY 7.72%) had a fine Wednesday on the stock exchange, following news of the launch of an important pilot project in its native China. With that, investors turbocharged the stock, sending it more than 7% higher in value. That was more than good enough to top the 0.8% rise of the bellwether S&P 500 index.Big news in BeijingThat morning, Pony AI reported that vehicles powere ...

Here's our initial take on Tesla's (TSLA 0.19%) fiscal 2025 second-quarter financial report.Key MetricsMetricQ2 2024Q2 2025Changevs. ExpectationsRevenue$25.5 billion$22.5 billion-12%BeatAdjusted EPS$0.52$0.40-23%MetEnergy generation and storage revenue$3.0 billion$2.8 billion-7%n/aGross margin18%17.2%80 bpn/aTesla Looks Toward the Next Big ThingTesla's quarter came in largely as expected, with revenue and earnings per share down 12% and 23%, respectively, and coming in at or just above analyst expectations. ...

1/ The paper suggested the use case of “Decentralized Autonomous Organizations (DAOs)”, or leaderless organizations governed by code.Now, DAOs aren't just an idea, they're used in production every day. https://t.co/TtstlkYxrf ...

🚨BREAKING: Robotaxi Update Straight from Tesla’s Q2 report• Robotaxi launched in Austin (with safety driver)• Now expanding coverage + cars• No-driver rides coming soon• Testing in other cities already started• System designed to scale fast with low cost https://t.co/Ygs2oYjII4 ...

POCASSET, Mass., July 23, 2025 (GLOBE NEWSWIRE) -- A joint team from HII (NYSE: HII), Woods Hole Oceanographic Institution (WHOI), and U.S. Navy’s Naval Undersea Warfare Center Division Newport (NUWCDIVNPT) recently completed a major milestone in advancing the U.S. Navy Submarine Force’s initiative to launch and recover autonomous undersea vehicles from submarine torpedo tubes. A test by the joint team confirmed the compatibility of the REMUS 620 with the SAFECAP, Virginia-class submarine weapons handling ...

Average customer outage minutes decreased every month in first half of 2025 compared to last year; outage minutes year-to-date are also significantly below the five-year averageNumber of outages related to trees, branches and other vegetation contacting lines down about 33% compared with the same time period in 2024Actions taken to strengthen system and improve reliability included historic investment in more storm-resistant poles, automation devices, undergrounding power lines and clearing of hazardous veg ...

During the cold war officials in Sweden held James Bond-ish discussions about hiding a plutonium-production plant in a vast rock cavern. The country’s atomic adventure holds lessons for the present day https://t.co/nKa3vC9Fo8 ...