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China-made Tesla deliveries fell at home but surged abroad in January

In January, sales of China-made Teslas fell 45% to 18,485 within China, Tesla’s second-largest market.

That’s their lowest level since 2022, according to CnEVPost, citing China Passenger Car Association data.

At the same time, exports from Tesla’s Shanghai plant, which makes cars for markets in Europe and across Asia, jumped 71% to 50,644 vehicles, their second-highest level on record.

It’s unclear whether the jump reflects increased demand abroad or production reallocations amid tepid local sales. Tesla, and EVs in general, have been struggling in China due to fierce local competition and cuts to EV tax exemptions.

It’s unclear whether the jump reflects increased demand abroad or production reallocations amid tepid local sales. Tesla, and EVs in general, have been struggling in China due to fierce local competition and cuts to EV tax exemptions.

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Waymo CEO Tekedra Mawakana says she thinks the company could reach 1 million weekly paid autonomous rides this year, Bloomberg reports. That would be more than double the roughly 400,000 weekly rides the Alphabet subsidiary is currently providing after quadrupling service in 2025.

The company plans to get there by adding new vehicle models to its fleet and expanding into additional markets this year, including Washington, Detroit, Las Vegas, San Diego, and Denver. Waymo currently operates in six cities, having expanded to Miami in January, and has more than 2,000 fully driverless vehicles on the road.

Its biggest competitor, Tesla, says it is operating about 500 robotaxis, which for the most part have human drivers, in two markets: Austin and the San Francisco Bay Area.

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Russia blocks Meta’s WhatsApp, the country’s most popular messaging app

The Russian government has fully blocked Meta’s WhatsApp, the country’s most popular messaging app, over what a Kremlin spokesman called the company’s “unwillingness to comply with Russian law.” In a statement, Meta said WhatsApp has more than 100 million users in the country, which would represent two-thirds of the Russian population.

While this represents a major disruption for Russian users, it’s unlikely to be financially devastating for Meta.

The company does not break out revenue from Russia, but since Russia’s invasion of Ukraine in 2022, Meta has been labeled an “extremist organization” in Russia, and advertising on its platforms has been banned.

Meta called the move a “backwards step” that “can only lead to less safety for people in Russia.”

While this represents a major disruption for Russian users, it’s unlikely to be financially devastating for Meta.

The company does not break out revenue from Russia, but since Russia’s invasion of Ukraine in 2022, Meta has been labeled an “extremist organization” in Russia, and advertising on its platforms has been banned.

Meta called the move a “backwards step” that “can only lead to less safety for people in Russia.”

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Apple stock takes a hit on report it’s pushing back AI Siri features — again

Apple customers may have to wait even longer for the company’s long-awaited AI Siri, Bloomberg reports.

The iPhone maker had been planning to include a number of upgrades to Siri in a March operating system update, but the company now is planning to spread those out over future versions. That means some features first announced in June 2024 — an AI Siri that can tap into personal data and on-screen content — might not arrive until September with iOS 27.

The postponements happened after “testing uncovered fresh problems with the software,” Bloomberg said, including instances where Siri didn’t properly process queries or took too long to respond.

The stock, which had been trading up more than 2% today, has pared some of those gains on the news.

For what it’s worth, Apple’s iPhone sales — a record last quarter — don’t appear to be suffering for lack of AI.

The postponements happened after “testing uncovered fresh problems with the software,” Bloomberg said, including instances where Siri didn’t properly process queries or took too long to respond.

The stock, which had been trading up more than 2% today, has pared some of those gains on the news.

For what it’s worth, Apple’s iPhone sales — a record last quarter — don’t appear to be suffering for lack of AI.

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Meta breaks ground on massive $10 billion AI data center — and the costs won’t stop there

Meta announced today that it broke ground on a new, giant AI data center. This one is located in Indiana, has 1 gigawatt of capacity, and will cost more than $10 billion.

In a press release, the company touted the 4,000 construction jobs and 300 operational positions Meta expects to bring to the area. It did not disclose any tax incentives tied to the project.

But much like with the company’s Hyperion data center in Louisiana — where we calculated incentives in the billions — the number of long-term jobs is likely small relative to any public subsidies the company ultimately receives.

The $10 billion build represents a notable chunk of Meta’s planned $115 billion to $135 billion in capital expenditure this year. And operating costs will add substantially to that total over time.

Earlier this year, President Trump warned tech giants to “pay their own way” when it comes to energy, as data centers have driven up electricity costs in some regions. Meta’s announcement appears to anticipate that criticism, dedicating significant space to explaining how it will mitigate the energy and water impact of the facility:

“With all our data centers, we strive to be good neighbors. We pay the full costs for energy used by our data centers and work closely with utilities to plan for our energy needs years in advance to ensure residents aren’t negatively impacted. To help support local families in need, we’re providing $1 million each year for 20 years to the Boone REMC Community Fund to provide direct assistance with energy bills, and funding emergency water utility assistance through The Caring Center. We also pay the full cost of water and wastewater service required to support our data centers. Over the course of this project, Meta will make investments of more than $120 million, toward critical water infrastructure in Lebanon, as well as other public infrastructure improvements including roads, transmission lines and utility upgrades.”

Unlike hyperscalers such as Google and Microsoft, which can offset infrastructure costs by selling cloud capacity to customers, Meta bears those expenses largely on its own. That dynamic could make the economics of AI infrastructure more challenging for the company as its AI spending continues to accelerate.

But much like with the company’s Hyperion data center in Louisiana — where we calculated incentives in the billions — the number of long-term jobs is likely small relative to any public subsidies the company ultimately receives.

The $10 billion build represents a notable chunk of Meta’s planned $115 billion to $135 billion in capital expenditure this year. And operating costs will add substantially to that total over time.

Earlier this year, President Trump warned tech giants to “pay their own way” when it comes to energy, as data centers have driven up electricity costs in some regions. Meta’s announcement appears to anticipate that criticism, dedicating significant space to explaining how it will mitigate the energy and water impact of the facility:

“With all our data centers, we strive to be good neighbors. We pay the full costs for energy used by our data centers and work closely with utilities to plan for our energy needs years in advance to ensure residents aren’t negatively impacted. To help support local families in need, we’re providing $1 million each year for 20 years to the Boone REMC Community Fund to provide direct assistance with energy bills, and funding emergency water utility assistance through The Caring Center. We also pay the full cost of water and wastewater service required to support our data centers. Over the course of this project, Meta will make investments of more than $120 million, toward critical water infrastructure in Lebanon, as well as other public infrastructure improvements including roads, transmission lines and utility upgrades.”

Unlike hyperscalers such as Google and Microsoft, which can offset infrastructure costs by selling cloud capacity to customers, Meta bears those expenses largely on its own. That dynamic could make the economics of AI infrastructure more challenging for the company as its AI spending continues to accelerate.

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Humanoid robot maker Apptronik raises $520 million

Apptronik, an Austin, Texas-based robot manufacturer, said it has closed out its Series A fundraising round, raising $520 million. The fundraising is an extension of a $415 million round raised last February, and included investments from Google, Mercedes-Benz, AT&T, and John Deere. Qatar’s state investment firm, QIA, also participated in the fundraising round.

Apptronik makes Apollo, a humanoid robot targeted for warehouse and manufacturing work. The company is one of several US robotics companies that are racing to apply generative-AI breakthroughs to humanoid robots, in anticipation of a new market for robots in homes and workplaces.

Apptronik makes Apollo, a humanoid robot targeted for warehouse and manufacturing work. The company is one of several US robotics companies that are racing to apply generative-AI breakthroughs to humanoid robots, in anticipation of a new market for robots in homes and workplaces.

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