Tech
tech

Tesla rises after Musk “tentatively” sets date for robotaxi service, says he “regrets some” social media posts

Tesla stock is up more than 2% in premarket trading after CEO Elon Musk publicly lamented his comments about President Trump... just hours after announcing a “tentative” date for the company’s robotaxi launch.

Last week’s online feud between the world’s richest man and the president of the United States sent Tesla’s stock sinking, wiping more than $150 billion from Tesla’s market cap. It has since recovered most of that decline.

Musk’s explosive social media posts came at an unideal time for the company, as Tesla gears up for the rollout of its much-hyped robotaxi program, built on the company’s self-driving technology, which has already seen some serious issues.

Now, the launch of the service is finally, tentatively, set to arrive on June 22, with Musk also revealing in a post on X that the first driverless Tesla will make a trip in Austin, Texas, on June 28 — the tech mogul’s birthday.

Musk’s explosive social media posts came at an unideal time for the company, as Tesla gears up for the rollout of its much-hyped robotaxi program, built on the company’s self-driving technology, which has already seen some serious issues.

Now, the launch of the service is finally, tentatively, set to arrive on June 22, with Musk also revealing in a post on X that the first driverless Tesla will make a trip in Austin, Texas, on June 28 — the tech mogul’s birthday.

More Tech

See all Tech
tech

How Elon Musk has shifted SpaceX’s goals ahead of its IPO

The New York Times took a close look at how Elon Musk is reshaping SpaceX’s priorities ahead of its highly anticipated, potentially record-breaking IPO — and what that could mean for the company and its investors.

As the NYT’s Ryan Mac noted in the article, “Shifting aims before an I.P.O. would be unthinkable for most corporate leaders, who tend to focus on their core businesses and try to project steadiness to potential investors.”

But Musk, who is also the ever-unpredictable CEO of Tesla, doesn’t follow typical playbooks. Here’s a quick look at how SpaceX’s goals have changed:

But Musk, who is also the ever-unpredictable CEO of Tesla, doesn’t follow typical playbooks. Here’s a quick look at how SpaceX’s goals have changed:

tech

SpaceX seals right to buy coding startup Cursor for $60 billion

SpaceX said today that its “working closely together” with fast-growing coding startup Cursor “to create the world’s best coding and knowledge work AI.” The post also said SpaceX would have the right to acquire Cursor later this year or make the startup “pay $10 billion for our work together.” The New York Times, citing people familiar with the matter, previously reported that the companies had agreed to an acquisition.

The news comes as SpaceX prepares for a blockbuster IPO and doubles down on AI, with a growing — if still fully aspirational — focus on space-based data infrastructure and computing.

Last month, when SpaceX hired two senior leaders from Cursor, CEO Elon Musk noted that xAI, which SpaceX acquired earlier this year, “was not built right first time around, so is being rebuilt from the foundations up.”

ChatGPT Images 2.0 sample aliens

OpenAI releases new image generation model with complex capabilities

ChatGPT Images 2.0 marks a big leap forward in image generation as OpenAI seeks to distinguish its features from Anthropic’s Claude.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.