American EV and clean energy leader based in Austin, Texas.
Automakers have announced strategic shifts as Chinese brands and US trade rules upend the sector. Volkswagen has proposed deep job cuts to cut costs, Jaguar Land Rover is adding hybrids and prioritising the US, and the Commerce Department has denied Polestar permission to sell new connected models in the US from 2027, pushing the brand to refocus on Europe.
Chinese automakers have doubled electric-vehicle exports and are shifting production and R&D toward Europe as domestic demand cools. BYD has announced European assembly in Hungary and plans more local production; Xpeng says it will compete on quality rather than price. European OEMs are pivoting into defence contracts while Rivian has cut under 2% of staff as it begins R2 deliveries.
Chinese automakers have accelerated global expansion in 2026, showcasing rapid advances in batteries, charging and autonomous tech at the Beijing Auto Show while exports have surged. BYD, Geely and CATL have rolled out ultra-fast charging batteries and chargers; Geely is exploring US production through Volvo; legacy automakers are reorganising to respond to the pressure.
Japan’s export volumes have increased by about 4% year over year, while imports rose modestly. The Finance Ministry notes a growth in the trade surplus in March, signaling resilience after shocks from global tariffs and Middle East energy concerns. Japan is rerouting energy and adjusting production to mitigate policy shifts and supply risks.
A consortium of reports shows stronger European EV sales driven by higher petrol prices, while BYD expands fast-charging and North American fleets push demand. Off-lease EVs could flood the market in coming years, and public fleets are increasingly a new avenue for EV makers.
Chinese electric vehicles are expanding in North America, with low prices drawing interest in Mexico and among U.S. consumers, even as lawmakers push to maintain barriers. Tariffs, safety rules, and national-security concerns remain the core friction, while local dealers report increasing cross-border activity and consumer interest.
President Trump has completed a two‑day state visit to Beijing with US business chiefs, holding talks with Xi Jinping on trade, Taiwan, Iran and AI. Leaders have agreed to set up trade and investment councils; Trump has touted unspecified "fantastic" deals including a reported 200‑plane Boeing order while Chinese statements remain cautious.
Magna is embedding AI across its global supply chain to improve quality, maintenance, safety and efficiency, while Rivian outlines an expanded R2 family and a Georgia factory to scale production; Ford unveils a Long Beach EV development center amid leadership changes in its EV unit, and Toyota is pursuing a privacy-conscious data fabric in its Woven City project.
Nvidia CEO Jensen Huang has joined President Trumps delegation to China and has been pictured in Beijing; the trip has been focusing on trade, AI export controls and Iran. China has not approved any purchases of Nvidias H200 chips and is continuing to push domestic chip development while U.S. export controls remain in place.
Trump has welcomed a delegation of executives to Beijing, including Tesla’s Elon Musk and Nvidia’s Jensen Huang, as part of efforts to “open up” China and mobilize business support. The trip follows reports of competition with Chinese EV firms and ongoing AI export discussions.
A Grapevine Lake incident has authorities investigating a man who drove a Tesla Cybertruck into shallow water to test Wade Mode. The vehicle has been retrieved, and the driver faces misdemeanor charges. Tesla reiterates that Wade Mode is for shallow water only, and water damage may not be covered by warranty.
Several firms have announced expansion plans and new measures that will accelerate commercial robotaxi rollouts. Mobileye has announced a 2027 U.S. launch with an initial 100-vehicle fleet and a five-year target of 17,000; Wayve and Uber are preparing a supervised London service in the coming months; Tesla and Waymo are expanding U.S. coverage; and new indices show Chinese robotaxi players are scaling faster than many expected.
A round-up of fresh company updates shows mixed earnings across retailers and tech-adjacent firms. Pennon sees improving profit as storms and tariffs weigh on penalties; Mitie reports rising revenue and progress on strategy ahead of leadership change; S4 Capital trims job cuts while pursuing AI-driven growth; Debenhams, Macy’s, Ulta and Asda publish updates amid a churning retail landscape.
A wave of tests and product launches shows the tech industry pressing to give AI a physical form. From gig-data data collection to consumer humanoids, firms are racing to turn digital intelligence into real-world Lab-to-life tools.
Rivian has begun delivering the R2, its more affordable EV, with plans for a $50,000 base version by 2027. CEO RJ Scaringe argues the R2 will broaden choice and avoid copying rivals, while production scales in Illinois and Georgia expand capacity.
SpaceX has floated on Nasdaq under the ticker SPCX, raising about $75 billion at $135 a share and debuting with a market value above $2 trillion. The newly public group combines SpaceX's rocket and Starlink businesses with xAI and X. Investors have driven strong demand despite losses and questions about unproven projects such as orbital data centres and Mars plans.
SpaceX has filed to sell 555.6 million shares at $135 each, aiming to raise about $75 billion and value the company near $1.75–1.77 trillion. Elon Musk will retain roughly 82% voting control. The company has allocated unusually large tranches to retail buyers, employees and direct-share participants, and disclosed AI compute deals that affect revenue assumptions.
A wave of AI-related IPOs from SpaceX, Anthropic and OpenAI is unfolding, with markets facing a flood of new stock. Retail demand remains strong for SpaceX, but analysts warn supply could overwhelm demand, pressuring prices and testing market resilience.
Tesla has expanded its robotaxi service in Austin to operate without a human operator in the entire Austin Metro area, marking a notable step in autonomy. The company has removed in-vehicle monitors in several vehicles, reflecting growing confidence in its self-driving technology. Waymo remains a key comparator with a larger fleet in nearby markets.
GM is expanding vehicle‑to‑grid capabilities and developing sodium‑ion batteries for grid storage, aiming to cut costs and support rising electricity demand driven by AI data centers. Pilots with PG&E and DTE Energy are underway, with Scale and timelines focused on energy storage rather than cars.
Genesis AI has unveiled Eno, a wheeled, modular robot designed to work across manufacturing, logistics, hotels, and healthcare. Backed by $105 million in funding, the company aims to deploy dozens of units by end-2026 and scale to mass production, with LG as a key partner and a broader push into the AI-enabled physical economy.
Fresh data show China’s May retail sales stalled while investment contracts widen, signaling a slowdown in domestic demand. Yet exports are proving resilient thanks to AI-related demand and renewables, and industrial output edges higher, painting a nuanced picture of a faltering domestic economy still buoyed by external demand.
Waymo has launched Waymo Premier, a $29.99-per-month membership offering priority pickups, up to five free cancellations monthly, and 10% Waymo Cash back for trips. The program is initially invite-only in San Francisco, Los Angeles and Phoenix, with plans to broaden to additional cities as it presses expansion and pursues higher-value riders.
SpaceX has completed the largest IPO in history, raising $75 billion and listing on Nasdaq under ticker SPCX. Shares opened at $150, climbed as high as $176 and closed the first day around $160–166 in extended trading, briefly valuing the company above $2.1 trillion and making Elon Musk the world's first likely trillionaire.
The SpaceX IPO has launched, commanding a multi-trillion-dollar market cap and drawing investor attention to AI-focused stocks like Anthropic and OpenAI. Analysts warn about overvaluation and the risk of market concentration as new supply floods the tech sector.
SpaceX has priced the largest IPO in history at $135 per share, raising about $75 billion and valuing the company around $1.75 trillion. The debut has sparked a debate on whether the stock can sustain momentum, while Musk’s broader empire—SpaceX, Starlink, xAI—gains attention as investors weigh the long-term profitability and strategic moves.
SpaceX has gone public in the largest IPO in history, pushing Elon Musk toward trillionaire status as the company outlines ambitious plans—from data centers in space to lunar bases—while investors weigh the feasibility and risks amid a sprawling empire.
Protests ahead of the G7 summit in Evian-les-Bains are intensifying as thousands gather in Geneva and Evian. Authorities have deployed thousands of police and tightened security to prevent violence amid warnings about global inequality and climate policy.
Protesters have gathered around Lake Geneva as G7 leaders converge in Evian, with thousands marching to oppose the summit. Police are enforcing perimeter controls while clashes have sparked sporadic violence. The event follows the latest international tensions, including the Iran war and Russia’s actions in Ukraine.
Qualcomm has unveiled a data-centre CPU lineup and an acquisition, signaling a broader push into AI infrastructure. The company is pursuing hyperscaler deals, with two custom silicon deals announced and Modular acquisition adding AI software capabilities. The moves come as Nvidia-led demand and memory-chip dynamics shape the AI hardware landscape.
Slate Auto has unveiled a bare‑bones two‑seat electric pickup starting at $24,950 and a two‑row SUV conversion at $29,950. Preorders are open with $300 deposits and production is scheduled to begin in late 2026; the base truck uses a 63 kWh LFP battery, rear‑wheel drive and an EPA‑estimated range of about 205 miles.
The Department of Energy has proposed up to $17.5 billion in loans to support five two-reactor projects built around Westinghouse’s AP1000 design. The plan aims to accelerate construction, standardize supply chains, and attract tech-sector investment, with selections expected after letters of intent were signed by seven potential partners.
Investors and analysts are weighing the possibility of a SpaceX–Tesla merger as both firms push ambitious AI and hardware programs. SpaceX’s IPO has underscored Elon Musk’s unique control of multiple unicorns, while observers debate whether a combined entity would unlock synergies or raise legal hurdles.
Waymo is recalling nearly 3,900 robotaxis to fix software that can drive into freeway construction zones, after 13 incidents in Phoenix and the San Francisco Bay Area. The company has limited freeway driving during the fix and notes it continues to operate on surface streets.
Developing details from Haberman and Swan’s Regime Change reveal a clash between Donald Trump and Melania over White House decor, including a Rose Garden redesign, a controversial ballroom, and separate bedrooms. Staff say the dispute has created a staff-wide headache as the couple pursues distinct visions.
Multiple reports say a Tesla Model 3 driven by Michael Butler ran a redress into a Katy, Texas home, injuring a resident who died later. Butler cooperated with investigators and showed no signs of intoxication; investigations continue into the cause and speed. Autopilot and driver-assistance features are under scrutiny.
Lucid Group has filed to cut about 18% of its U.S. workforce, eliminating the chief operating officer position as part of a drive to align production with demand and move toward profitability. The moves follow February cuts and precede the potential mass-market Cosmos launch this year, while the company pursues robotaxi plans with Uber and Nuro.
SpaceX has launched a $20 billion senior unsecured bond offering to refinance a bridge loan and fund its evolving AI infrastructure, including Starship and Starlink expansions. The notes follow SpaceX’s record IPO and come as major tech firms tap debt markets to support AI investments.
The US auto regulator has opened a special crash investigation after a Tesla Model 3 drove into a home near Houston on 19 June, killing 76-year-old Martha Avila. The driver told police he was using automated driving features; Tesla engineers and Elon Musk have disputed that claim. Investigators are examining vehicle data and the driver's actions.
Oracle has reduced its global headcount to about 141,000 by May 31, 2026, down from 162,000 a year earlier, as it restructures to expand cloud and AI infrastructure. The company reports higher restructuring costs and ongoing plans to raise billions to fund data-center expansion, while cautioning about productivity and talent retention risks.
SpaceX is reportedly considering a direct-to-consumer Starlink mobile service and could build a terrestrial US network. SpaceSail, backed by China, is expanding fast. The two developments highlight the race to control satellite internet and widen global connectivity.
Five Eyes agencies warn frontier AI could dramatically accelerate cyber threats in months, not years, while open questions linger about how to regulate and secure the technology.
Zoox has unveiled interior and interface improvements to its bidirectional robotaxi as it eyes a wider rollout later this year, including a lighter interior, new seating, larger cupholders, improved touchscreens, and two-way audio for riders and first responders. Production is planned at the Hayward facility with up to 100 vehicles weekly pending regulatory approval.
SpaceX and Tesla shares have pulled back, eroding Elon Musk’s trillionaire status after a record IPO earlier this month. Valuation slips follow a broad tech retreat as investors weigh AI optimism against rate fears.
Agility Robotics is merging with Churchill Capital XI to value the company at $2.5 billion, making it the first publicly traded US firm focused on humanoids. Digit, its bipedal robot, is already deployed in multiple sites, with next‑gen Digit v5 in development. The SPAC deal aims to scale production and expand deployments amid strong investor backing from Amazon, Nvidia and Foxconn.
Apple has raised prices for multiple Mac and iPad models, citing an "unprecedented" surge in memory and storage costs driven by the AI data‑centre buildout. The company has said it can no longer absorb component increases; the moves have already knocked Apple shares lower and prompted similar price actions from console makers and other device vendors.