(Tesla)

Sticker Shock

As investors await a cheaper Tesla, the company released a more expensive one

Tesla isn’t making “EVs affordable for everyone” yet.

1/24/25 9:28AM

After canceling plans to build a mass-market $25,000 car, Tesla last quarter reiterated its plan to “make EVs affordable for everyone” by offering “more affordable models” of its existing lineup in the first half of 2025. Ahead of the company’s fourth-quarter earnings next week, it’s releasing a more expensive one.

Buyers in the US can now order the newly redesigned Model Y, which was made available in China earlier this month, but it will cost them about $60,000 before federal tax credits, which may not be long for this world. That sticker price is up to 25% more than the costliest versions of the older Model Y, which is also still available. The new model features a number of interior and exterior design changes, taking notes from Tesla’s Model 3 revamp and the Cybertruck.

Investors are hoping lower-cost models could stanch lagging sales. The company recently saw its first annual sales decline in over a decade as it struggles with cheaper, seemingly more popular competition.

CEO Elon Musk has also said the company plans to have a low-cost fully autonomous robotaxi in “volume production” next year. We’ll believe it when we see it.

Nate Becker

14h

After Nvidia deal, the US government has made a roughly $4.5 billion paper profit on its Intel stake in less than a month

The government has returned roughly 51% on the investment since announcing it August 22.

Nvidia CEO Jensen Huang shakes hands with US President Donald Trump

Watch: Meta virtual reality conference bloopers

Meta Connect was tough to watch.

Rani Molla15h

Congress Considers Bill To Force Sale Of TikTok

By some measures, TikTok has grown bigger than Facebook or Instagram in the US

Oracle’s potential TikTok takeover is a big deal to US competitors like Meta and Snap.

Rani Molla9/17/25

Jon Keegan

9/17/25

Nvidia, Microsoft, OpenAI, CoreWeave pledge $42 billion investment in UK AI projects during Trump’s visit

Nvidia, Microsoft, and CoreWeave announced pledges to invest tens of billions to build out the UK’s AI infrastructure.

Coinciding with President Trump’s visit to the UK, the companies announced new data centers, hundreds of thousands of Nvidia Blackwell GPUs, and support for the UK’s sovereign AI programs.

Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman are joining Trump for the visit.

Nvidia, CoreWeave, and UK AI infrastructure startup Nscale announced plans to roll out 120,000 Blackwell GPUs in UK data centers, including OpenAI’s “Stargate UK” data center project.

Part of the UK’s sovereign AI initiatives include the development of the country’s own “UK-LLM” and “Isambard-AI,” the UK’s most powerful supercomputer, which uses Nvidia’s Blackwell GPUs.

Trump Lands in UK With Flurry of Pledges From Microsoft, Open AI

Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman are joining Trump for the visit.

Nvidia, CoreWeave, and UK AI infrastructure startup Nscale announced plans to roll out 120,000 Blackwell GPUs in UK data centers, including OpenAI’s “Stargate UK” data center project.

Rani Molla

9/17/25

Amazon launches AI chatbot to help create and distribute ads and ad agency investors don’t care

Amazon has launched a “creative partner” AI chatbot to help small businesses create ads and distribute them. The tool, currently in beta, helps users create the ads themselves, including video, with text prompts and then can place them across Amazon’s ad inventory, including outside websites and platforms Amazon has deals with, including Netflix.

Typically an announcement like this one pummels big advertising firms, whose livelihoods may or may not be threatened by the tech, but today Omnicom, Interpublic, WPP aren’t sinking on the news.

But perhaps the continuous stream of AI ad tool announcements from tech giants like Google, Amazon, and Meta is already baked into ad agencies’ stock prices. The ad agencies listed above are all down for the year.

Or perhaps these tools really are only for small businesses that can’t afford to work with big ad agencies.

“We’re not talking about professional marketers. These are customers that really need our help growing their business,” Jay Richman, Amazon’s vice president of product and technology, told The Wall Street Journal. Meta CEO Mark Zuckerberg, whose company expects to fully automate ad creation next year, said something similar on the company’s latest earnings call.

Amazon Aims to Grow Ad Sales Further by Automating Creation