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X @Tesla Owners Silicon Valley
Thanks to Elon Musk companies, the future is exciting.https://t.co/oViuLEe9sE ...
Tesla’s Austin Robotaxis Report 14 Crashes in First Eight Months
Insurance Journal· 2026-02-18 05:25
Tesla Inc.’s robotaxis have been involved in over a dozen crashes in Austin since service began, according to reports the carmaker has made to regulators.The electric vehicle maker has said its nascent robotaxi business has been involved in 14 crash incidents in about eight months, according to data sent to the National Highway Traffic Safety Administration. A federal order requires carmakers to report when automated driving systems are involved in certain crashes. Tesla launched its limited robotaxi servic ...
Blackstone, EQT and CVC make offers for VW's Everllence unit, FT reports
Reuters· 2026-02-18 05:18
Core Insights - Volkswagen has received bids from leading private equity firms such as Blackstone, EQT, and CVC for its Everllence division, indicating strong interest in the asset from major investment players [1] Group 1 - The involvement of top private equity funds suggests a competitive bidding environment for Volkswagen's Everllence division [1] - The Financial Times reported this development, highlighting the significance of the interest from these firms [1]
Stock markets open lower amid weakness in IT, Services shares
The Hindu· 2026-02-18 05:16
Equity benchmark indices Sensex and Nifty began the trade on a negative territory on Wednesday (February 18, 2026), tracking losses in IT and Services stocks in a volatile session. After a bearish start, the 30-share BSE Sensex further declined 247.92 points, or 0.30%, to 83,203.04. The 50-share NSE Nifty dropped 70.25 points, or 0.27%, to 25,655.15. Among the Sensex constituents, Infosys, Tech Mahindra, Adani Ports, HCL Technologies, Tata Consultancy Services, Eternal, Maruti Suzuki India, Asian Paints, Tr ...
Warner Music Group Corp. (WMG) Reports First-Quarter Revenue of $1.84 Billion, Above Consensus
Insider Monkey· 2026-02-18 04:43
Core Insights - Generative AI is viewed as a transformative technology by Amazon's CEO Andy Jassy, indicating its potential to significantly enhance customer experiences [1] - Elon Musk predicts that humanoid robots could create a market worth $250 trillion by 2040, representing a major shift in the global economy driven by AI innovation [2] - Major firms like PwC and McKinsey acknowledge the multi-trillion-dollar potential of AI, suggesting a broad consensus on its economic impact [3] Company and Industry Analysis - A breakthrough in AI technology is redefining work, learning, and creativity, leading to increased interest from hedge funds and top investors [4] - There is speculation about an under-owned company that may play a crucial role in the AI revolution, with its technology posing a threat to competitors [4] - Prominent figures in technology and investment, including Bill Gates and Warren Buffett, recognize AI as a significant advancement with the potential for substantial social benefits [8] Market Opportunity - The AI ecosystem is expected to reshape business, government, and consumer operations globally, indicating a vast market opportunity [2] - The potential for AI to unlock trillions in value suggests that investors should closely monitor developments in this sector [3] - The narrative surrounding AI investments is gaining traction, with a focus on identifying key players that could lead the charge in this technological revolution [6]
Tesla Reveals First Production Cybercab — Elon Musk Confirms $30,000 Price, MKBHD May Owe A Head Shave - Tesla (NASDAQ:TSLA)
Benzinga· 2026-02-18 04:42
Elon Musk-led Tesla Inc. (NASDAQ:TSLA) has revealed the first production version of the Cybercab, which will be priced at $30,000.Tesla Rolls Of CybercabIn a post on the social media platform X on Tuesday, the automaker announced that it had produced the first unit of the Cybercab at the Gigafactory in Texas. "Congratulations to the Tesla team on making the first production Cybercab!" Musk said in a post, hailing the milestone.Elon Musk Confirms $30K Price TagHowever, Musk has seemingly confirmed that the C ...
India's Yotta to build $2 billion AI hub with Nvidia's Blackwell chips
Reuters· 2026-02-18 04:34
Group 1 - Yotta Data Services, an Indian data center company, plans to build one of Asia's largest AI computing hubs with an investment exceeding $2 billion [1] - The project will utilize Nvidia's latest Blackwell Ultra chips, indicating a significant partnership between Yotta and Nvidia [1] - This initiative highlights the growing demand for AI infrastructure in Asia, positioning Yotta as a key player in the region's tech landscape [1]
X @TechCrunch
TechCrunch· 2026-02-18 04:10
Tesla dodges 30-day suspension in California after removing Autopilot https://t.co/d6svAk5ukD ...
Tesla dodges 30-day suspension in California after removing Autopilot
TechCrunch· 2026-02-18 04:07
Core Insights - The California Department of Motor Vehicles (DMV) will not suspend Tesla's sales and manufacturing licenses for 30 days due to Tesla's cessation of using the term "Autopilot" in its vehicle marketing in California [1][5] - This decision resolves a nearly three-year-long case regarding Tesla's marketing practices related to its advanced driver assistance systems [1][2] Group 1: Regulatory Actions - In November 2023, the DMV accused Tesla of violating state law by using deceptive marketing for its Autopilot and Full Self-Driving systems, claiming these terms misled customers about the capabilities of the systems [2] - An administrative law judge initially agreed with the DMV's request to suspend Tesla's licenses for 30 days as a penalty, but the DMV allowed Tesla 60 days to comply with the ruling [4] Group 2: Tesla's Response - Tesla has stopped using the term "Autopilot" in its marketing and modified the term "Full Self-Driving" to "Full Self-Driving (Supervised)" to clarify that driver supervision is required [3][5] - In January, Tesla discontinued Autopilot in the U.S. and Canada, which not only helped comply with the DMV but also aimed to boost adoption of the Full Self-Driving system, which requires a paid upgrade [5] Group 3: Financial Implications - The Full Self-Driving (Supervised) system, which previously required an $8,000 one-time fee, is now available through a monthly subscription of $99, with expectations of future price increases as the system improves [8]
Down 15% Already This Year, Is Rivian Stock a Buy?
The Motley Fool· 2026-02-18 03:51
Core Viewpoint - Rivian is expected to experience significant growth in vehicle deliveries in 2026, despite facing challenges in 2025 and a recent decline in stock performance [1][8]. Financial Performance - Rivian's fourth-quarter revenue fell 26% year over year to approximately $1.3 billion [1]. - The company's automotive revenue in Q2 2025 decreased from $1.074 billion in Q2 2024 to $927 million [5]. - However, Q3 2025 saw a revenue increase of 78% year over year to nearly $1.6 billion, influenced by the expiration of an electric vehicle tax credit [5][6]. - Overall, Rivian reported an 8% year-over-year revenue increase last year, which is considered unimpressive given its high valuation [7]. Future Outlook - For 2026, Rivian anticipates delivering between 62,000 and 67,000 vehicles, indicating a year-over-year growth rate of 53% [8]. - Management expects improvements in adjusted EBITDA for 2026, despite the challenges of scaling new vehicle production [9]. - The introduction of the R2 model is expected to reduce manufacturing complexity and costs, positioning Rivian to expand its market and increase sales [10]. Market Position - Rivian's current market capitalization is approximately $20.5 billion, with shares trading at around $16.47 [12]. - The automotive industry remains highly competitive, with Rivian facing challenges not only from other electric vehicle manufacturers but also from larger traditional automakers [12].