Tesla boosts spending plan in AI
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Tesla's stock has underperformed all of its megacap peers so far this year as global competition ramps up in the electric vehicle market.
Tesla reported first-quarter earnings after Wednesday's closing bell. While cars are still the company's big moneymaker, investors have become increasingly interested in the company's robotaxi and humanoid-robot ambitions.
Tesla reported earnings that beat Wall Street's estimates. TSLA stock was up after hours as the earnings call with Elon Musk kicked off.
Tesla reported higher first-quarter profits and outlined plans for robotaxis, AI and manufacturing expansion in Texas.
By Zaheer Kachwala and Stephen Nellis April 22 (Reuters) - Tesla CEO Elon Musk said on Wednesday the EV maker plans to use Intel's next-generation 14A manufacturing process to make chips at its Terafab project,
Tesla beat expectations on profits and Elon Musk spent the earnings call talking about a much bigger spend ahead. Operating income: $941 million, up 136 percent year-over-year; Ea
A number of competitors have passed Tesla in a number of its big ambitions. The question is what does success look like for Tesla's semi, and can it catch back up?
Chinese battery materials maker Yangzhou Nanopore Innovative Materials Technology Ltd. has filed confidentially for an initial public offering in Hong Kong that could raise at least $200 million, according people familiar with the matter.