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Rani Molla

China drafts auto data rules, potentially a stepping stone toward Tesla’s full self-driving in the country

For the first time, the Chinese government has released draft guidelines for how car data generated there can be “queried, retrieved, downloaded and exported,” Bloomberg reports, saying the move could “pave the way for the wider rollout of Tesla’s most advanced driver-assistance functions in the world’s largest car market.”

Since the team for its so-called full self-driving (FSD) technology is based in the US, a framework for transmitting data is necessary to progress the technology there, Bloomberg says.

Tesla, which has partnered with Baidu in China to process mapping data, rolled out some FSD tools to China earlier this year. The company faces steep competition from local rivals like BYD that already offer plenty of driver assistance features as a standard.

Of course, the term “full self-driving” is still a bit of a misnomer, since the technology currently requires human supervision. Tesla says it plans to offer its first paid driverless robotaxi ride on June 22, so we will soon see if its actual autonomous driving works (with the caveat that there will be remote drivers available).

Still, the China rules are good news for Tesla, as CEO Elon Musk has said he believes scaling autonomous driving is more of a regulatory problem than a technical one.

“Once we can make it work in a few cities in China, we can make it work anywhere in China — likewise in Europe, limited only by regulatory approvals,” Musk said on the company’s latest earnings call.

Since the team for its so-called full self-driving (FSD) technology is based in the US, a framework for transmitting data is necessary to progress the technology there, Bloomberg says.

Tesla, which has partnered with Baidu in China to process mapping data, rolled out some FSD tools to China earlier this year. The company faces steep competition from local rivals like BYD that already offer plenty of driver assistance features as a standard.

Of course, the term “full self-driving” is still a bit of a misnomer, since the technology currently requires human supervision. Tesla says it plans to offer its first paid driverless robotaxi ride on June 22, so we will soon see if its actual autonomous driving works (with the caveat that there will be remote drivers available).

Still, the China rules are good news for Tesla, as CEO Elon Musk has said he believes scaling autonomous driving is more of a regulatory problem than a technical one.

“Once we can make it work in a few cities in China, we can make it work anywhere in China — likewise in Europe, limited only by regulatory approvals,” Musk said on the company’s latest earnings call.

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Amazon’s Prime Day is coming early this year

Amazon is moving its four-day Prime Day event up from July, where it’s been for the last five years, to June 23 through 26.

The retail giant cites scheduling clashes with the FIFA World Cup and the 250th anniversary of the signing of the Declaration of Independence as reasons for the move. Prime Day is one of Amazon’s biggest sales events of the year, helping drive $24.1 billion in US online spending last year, according to Adobe Analytics.

More concretely, the move means Amazon will pull a massive chunk of sales from one of its biggest events into Q2, which ends June 30, rather than Q3.

Beyond the top-line revenue shift, Amazon is also using the event to flex its newer strategic muscles, aggressively cross-promoting its same-day grocery delivery networks and its Amazon Haul discount storefront.

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Tesla’s China-made EV sales grew 39% in May, marking 7 straight months of growth

Sales of Tesla vehicles made at its Shanghai plant — produced for China, Europe, and other international markets — grew 39% in May to 85,982 vehicles, a record for the year.

The data marks the company’s seventh straight month of year-over-year wholesale growth for made-in-China vehicles and the company’s continued stabilization overseas. Across the entire Chinese auto industry, overall wholesale volume of so-called new energy vehicles — EVs and hybrids — produced domestically grew 12% from May 2025.

The China Passenger Car Association will report China-only sales later this month, offering a clearer picture of performance in Tesla’s second-largest market. On Monday, several European markets posted year-over-year sales growth for Tesla.

The China Passenger Car Association will report China-only sales later this month, offering a clearer picture of performance in Tesla’s second-largest market. On Monday, several European markets posted year-over-year sales growth for Tesla.

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Alphabet announces $80 billion equity raise to fund AI infrastructure, including a $10 billion bet from Berkshire Hathaway

To fund its rapidly expanding AI infrastructure push, Alphabet just announced a whopping $80 billion equity capital raise.

While concerns over share dilution sent the stock down slightly after-hours, the deal secured a major anchor partner: Berkshire Hathaway, which is backing the offering with a $10 billion investment. (Berkshire was run by Warren Buffett until he stepped down as CEO at the beginning of this year, handing the reins to Greg Abel.)

Alphabet plans to spend up to $190 billion on capex this year.

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Despite a massive surge in corporate AI spending, the technology is broadly failing to deliver the massive cost reductions executives had anticipated, according to a new global survey from Bain & Co. shared with Bloomberg. The largest share of major companies measuring their AI returns — 40% — realized cost savings of 10% or less, with poor access to internal data cited as the primary roadblock. Most had expected higher returns. More concerningly, Bain warned that many companies are using their original, overly optimistic projections — rather than their actual savings — to justify funding their next wave of expensive AI investments, creating a “circular bet with a structural leak.”

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