The news comes as Musk's SpaceX company reportedly contributed $2 billion to last months's $10 billion xAI fundraising consisting of equal parts equity and debt.
VW Group China boss Ralf Brandstätter says he's willing to sacrifice market share during the price war to protect the equity of his company's car brands.
Facing its biggest crisis in decades, the export-reliant carmaker already plans to eliminate more than a tenth of its nearly 37,000-strong German staff.
Tesla owner Alexander Kristensen has is mounting an unofficial campaign to bring Tesla's supervised self-driving technology to the streets of Stockholm, arguing it's a greater safety risk not to trial the feature.
The Tesla CEO hosted an earnings call once more long on promises and short on specifics, especially regarding his month-old robotaxi service that has logged only 7,000 driverless miles.
The world’s second largest carmaker slashed its 2025 guidance for revenue, margins, and cash citing Q2 headwinds from U.S. tariffs of roughly $1.4 billion.