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Tesla sales surge to record on rush to snag U.S. tax credit
Fortune· 2025-10-02 18:31
Tesla Inc. reported a surprise record quarter of vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.The company delivered 497,099 vehicles worldwide, 7.4% more than a year ago. While that total far exceeds the roughly 439,600 average analyst estimate compiled by Bloomberg, Tesla’s shares slumped Thursday following a record monthly gain in market capitalization.A rush to take advantage of a $7,500 tax credit for EV purchases delivered a temporary boost to Tesl ...
Uber partners with Chinese tech giant to roll out driverless vehicles across multiple global markets
Fox Business· 2025-07-15 21:05
Group 1 - Uber is partnering with Baidu to deploy thousands of driverless vehicles on its ride-sharing platform across multiple international markets [1][4] - The initial deployments of driverless rides are expected to occur later this year in the Middle East and Asia [2] - Baidu's CEO stated that this partnership marks a significant milestone in the global deployment of their technology [4] Group 2 - Earlier in the year, Uber collaborated with Waymo to offer driverless rides in Austin and Atlanta [7] - Uber is also working with Volkswagen to launch all-electric, autonomous shared rides in the U.S. by 2026 [7][8] - Baidu's Apollo Go services have completed over 11 million rides across 15 cities as of May [10]