The past week was a rollercoaster ride for the tech and auto sectors. Tesla Inc. faced a few bumps on the road, while Uber Technologies Inc. geared up for the future. Here’s a quick recap of the top stories.
Tesla’s Cybertruck Bet Falters
Elon Musk’s dream of a top-selling electric pickup seems to be fading as the Cybertruck continues to see declining demand. A recent report shows Tesla falling to third place in the electric pickup sector, facing weakened demand for several vehicles across multiple regions.
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Tesla Announces New Offers Amid Sluggish US Sales
As the EV giant grapples with lackluster sales figures in the U.S., Tesla has announced a set of new offers on various vehicles in its lineup. This comes in the wake of the Trump administration axing EV incentives.
Read the full article here.
See Also: Ford Q1 Earnings Highlights: Automaker Beats Street Estimates, Guidance Improves, EV Revenue Falls 84%
Uber Could Benefit Most From Autonomous Driving Tech
Gary Black, Managing Director of The Future Fund LLC, believes that Uber can benefit from the rapid advancement in autonomous driving technology. He suggests that Tesla could undercut other ride-hailing companies by mastering unsupervised autonomy.
Read the full article here.
Tesla Files For Model 3+ Trim in China
Amid a surge in sales, Tesla has filed for a new trim level for the Model 3 sedan in China. This comes as the EV giant’s sales rebound in the country following a poor start to July.
Read the full article here.
Uber Partners With Lucid, Nuro For $300M AV Push
Uber announced a multi-year strategic partnership with Lucid Group Inc and self-driving software maker Nuro. The partnership aims to add more than 20,000 autonomous vehicles (AVs) to the Uber platform over the next six years.
Read the full article here.
Read Next:
- Ford's Mustang Gallops Into 60th Year: Still A Pony With Plenty Of Kick
This story was generated using Benzinga Neuro and edited by Ananya Gairola
Photo courtesy: Shutterstock
