Tesla’s robotaxi and humanoid-robot promises remain unproven businesses. Its energy division isn’t. And therein lies the company’s next bright idea.
Zoox’s boxy electric shuttles will be bookable in Las Vegas this summer; Los Angeles is penciled in for 2027.
The round values the startup at $8.6 billion. Robotaxis using its tech go into service in London this year, and Nissan will use it for hands-free driving in personal vehicles.
Heron Power, backed by Andreessen Horowitz and Breakthrough Energy, is scaling up production of solid-state transformers that more efficiently move power to the grid.
Elon Musk’s “beast” arrives as federal support for EVs withers and rising power costs complicate his claim that it will be cheaper to run than diesel rigs.
The new round, the biggest in the Alphabet unit’s history, values the company at $126 billion — with much of it coming from its parent.
The autonomous tech startup says it has $600 million of contracts running over the next five years to haul goods from warehouses to stores.
CEO Raquel Urtasan says the funds, including $250 million from Uber, will help get 25,000 robotaxis on Uber’s platform and launch trucking operations with Volvo.
Nicolas Petrovic, who led the London-Paris-Brussels train systems, will oversee the company’s expanding Florida operations and the first U.S. high-speed railway.
The electric vehicle maker used just 70% of its plant capacity last year – a level comparable to traditional auto rivals. Things could get worse in 2026.