It’s been an eventful week in the world of Tesla Inc. (NASDAQ:TSLA). From a major competitor’s bold claims to Elon Musk‘s latest housing investment, here’s a quick recap of the top stories that made headlines.
Investor Ross Gerber believes that Uber Technologies Inc. (NYSE:UBER) is in trouble due to the rapid growth of Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG)‘s autonomous cab service, Waymo. Gerber shared his thoughts on Waymo’s reported 450,000 weekly rides milestone on social media, highlighting the company’s average ride revenue and annual revenue.
Gerber’s comments indicate a potential threat to Uber’s market position.
Read the full article here.
Elon Musk has been a long-time supporter of Boxabl, an innovative housing solutions company. Now, Tesla is considering Boxabl’s help for a potential upgrade of its Supercharger locations. This could mean improved amenities at Tesla’s Supercharger locations, such as restrooms, vending machines, and more.
This move could significantly enhance the overall experience for Tesla users.
Read the full article here.
General Motors Co. (NYSE:GM) has experienced an unexpected surge in its stock, climbing approximately 45% year-to-date. The driving force behind this momentum is the company’s renewed focus on autonomy, led by Sterling Anderson, a former standout at Tesla and Aurora Innovation Inc.
This resurgence could pose a significant challenge to Tesla’s dominance in the EV market.
Read the full article here.
While Tesla remains the undisputed “Robotaxi King,” two contenders are vying for the rest of the autonomous market. Rivian Automotive, Inc. (NASDAQ:RIVN) and Lucid Group, Inc. (NASDAQ:LCID) are selling two different versions of the robotaxi dream.
This competition could reshape the future of the autonomous vehicle industry.
Read the full article here.
Elon Musk has expressed his preference to focus on his businesses rather than working with the Department of Government Efficiency (DOGE) again. This statement comes amid easing tensions between Musk and President Donald Trump.
Musk’s focus on his businesses could lead to further industry-shaping innovations.
Read the full article here.
Read Next:
Photo courtesy: Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.