Arjen Rao
China’s robot makers chase Tesla to deliver humanoid workers
China is chasing Tesla in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines.
Amazon
Ford Changing EV Strategy, Drops All-Electric Three-Row SUV, Division Is On Pace To Lose $5.5B This Year
Automaker Ford announced that it is recalibrating its EV strategy over concerns of not making enough profits, including getting rid of an electric SUV.
45th President
Trump Says He Would Consider Asking Elon Musk To Join His Cabinet
Former President Donald Trump said that he would consider asking X owner Elon Musk if he wanted a position in his Cabinet if he won re-election in the 2024 presidential race.
Apple
GM lays off over 1,000 salaried software, services employees
GM said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide.
active safety systems
GM Lays Off Over 1k Software And Services Employees
General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit’s operations, according to CNBC.
$1 million
Ford Ends Electric Vehicle Dealership Program, Citing ‘Less Demand’ Than Anticipated
Ford Motor is discontinuing a “controversial” dealership initiative for electric vehicles, which at first required store owners to invest up to $1 million in cash in order to sell EVs.
$18 billion
Biden Administration Announces Additional Tariffs On Chinese Imports
The Biden administration unveiled a new round of tariffs on $18 billion of Chinese imports. The White House said the tariff increases will protect American workers and businesses in response to China’s unfair trade practices.
2016 GOP primary debates
Trump Accepts Biden Campaign’s Debate Proposal For June And September: ‘Let’s Get Ready To Rumble!’
45th President Donald Trump said Wednesday that he is “ready and willing” to debate President Joe Biden after the Biden campaign made the proposal of holding two debates, one in June and one in September.
AI chips
Exclusive: In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud
Prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its self-driving capabilities.
Business
Tesla to lay off more than 10% of staff globally as sales fall
Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.