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BELGIUM SINT-TRUIDEN TESLA SYNCHRONIZED LIGHT SHOW
Picture of a world record attempt for the highest number of Tesla vehicles putting on a perfectly synchronized light show in Europe (Natacha Freisen/Getty Images)

What the first FSD approval in Europe means for Tesla

Elon Musk has blamed the lack of Full Self-Driving approval for struggling sales on the continent.

On Friday, Dutch regulators approved a version of Tesla’s supervised Full Self-Driving (FSD) software, making the Netherlands the first country in Europe where the technology can be used. Tesla has long argued the driver assistance system is key to its future growth.

The regulators said they are also submitting an application to expand approval across the European Union.

CEO Elon Musk has blamed the lack of FSD approval for making Europe its “weakest market.”

“It’s worth noting that we do not actually yet have approval for supervised FSD in Europe,” Musk said during an earnings call last year. “So our sales in Europe, we think, will improve significantly once we are able to give customers the same experience that they have in the US.” At the World Economic Forum in January, Musk said he expected European approval in February. It’s now April, and that process is only just beginning.

That doesn’t mean Tesla’s European sales will immediately rebound. The Netherlands is a relatively small market for Tesla, which itself sells a modest share of its cars in Europe. Tesla sold about 16,700 cars in the Netherlands in 2025, out of roughly 240,000 across Europe and 1.6 million globally.

There are also key differences between the US and European versions of the technology. Dutch regulators said the US version is “not comparable” to the one approved in Europe, which comes with stricter safety requirements and closer driver monitoring.

Upcoming sales data will test whether access to FSD is actually what’s holding Tesla back in Europe. But it’s worth noting that the company’s global deliveries have declined for two straight years, even as the company has offered FSD in its largest market, the US.

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Tesla competitor Slate closes $650 million funding round and says 2026 production is “on time and on budget”

Tesla competitor Slate Auto said it closed a $650 million Series C funding round led by TWG Global, giving it the “operating capital to reach the next stage of development.” Slate’s new CEO, Peter Faricy, says it has more than 160,000 reservations, up from 150,000 in December, and is “on time and on budget” to deliver its first mid-$20,000 electric trucks to customers by the end of 2026.

tech
Jon Keegan

Report: SpaceX posted $18.5 billion in revenue and a $5 billion loss last year

All eyes on are SpaceX as it prepares for a blockbuster IPO as soon as this summer, and everyone is eager to get a look at the company’s official numbers for the first time.

The Information is reporting that last year, SpaceX posted $18.5 billion in revenue with a $5 billion loss.

According to the report, the numbers reflect the combined finances of SpaceX and xAI, which it acquired in February.

After acquiring xAI, SpaceX’s successful space launch and satellite business may have been dragged down by xAI’s massive data center spending. Earlier this year, Bloomberg reported that xAI had burned through $8 billion in the first nine months of 2025.

According to the report, the numbers reflect the combined finances of SpaceX and xAI, which it acquired in February.

After acquiring xAI, SpaceX’s successful space launch and satellite business may have been dragged down by xAI’s massive data center spending. Earlier this year, Bloomberg reported that xAI had burned through $8 billion in the first nine months of 2025.

tech
Jon Keegan

Report: Amazon hopes its Project Houdini modular data center plan is the trick to speed up construction

Amazon is looking for a magic trick that can help it get past data center construction bottlenecks so it can work through the $244 billion worth of cloud computing backlogs it wants to deliver.

It may have just pulled a rabbit out of its hat. (I know, groan.)

Business Insider is reporting that Amazon’s Project Houdini seeks to slash labor costs and installation time by building modular “data halls” — the rows of racks of servers that make up the heart of data centers — in factories, and then shipping them fully assembled on trailers to data center sites.

According to the report, the modular plan would save weeks of construction time and tens of thousands of hours of labor costs.

This week in Amazon’s letter to shareholders, CEO Andy Jassy wrote that the company is planning $200 billion in capital expenditure this year, and that it is embracing its tradition of taking big bets on experiments like Project Houdini:

“You need to invent and experiment like crazy. Many of these experiments will fail, and it might feel like you’re getting nowhere. But, your culture must possess the tenacity to keep at it.”

Business Insider is reporting that Amazon’s Project Houdini seeks to slash labor costs and installation time by building modular “data halls” — the rows of racks of servers that make up the heart of data centers — in factories, and then shipping them fully assembled on trailers to data center sites.

According to the report, the modular plan would save weeks of construction time and tens of thousands of hours of labor costs.

This week in Amazon’s letter to shareholders, CEO Andy Jassy wrote that the company is planning $200 billion in capital expenditure this year, and that it is embracing its tradition of taking big bets on experiments like Project Houdini:

“You need to invent and experiment like crazy. Many of these experiments will fail, and it might feel like you’re getting nowhere. But, your culture must possess the tenacity to keep at it.”

tech
Jon Keegan

Creator of popular, mysterious “HappyHorse” text-to-video model is Alibaba

AI benchmark leaderboards are often where mysterious new models make their debut, stoking speculation about the unnamed companies behind them.

That was the case with an impressive new text-to-video model named HappyHorse-1.0 that shot to the top of public leaderboards. CNBC reports that Chinese tech giant Alibaba has confirmed that it is the owner of the new model.

HappyHorse beat out the popular Seedance model from rival ByteDance in blind human evaluations to claim the top spot on the Artificial Analysis text-to-video leaderboard.

While OpenAI has announced it is shuttering its text-to-video Sora app, the category continues to see intense competition as a flurry of video models improve with more realistic physics and cinematic effects.

HappyHorse beat out the popular Seedance model from rival ByteDance in blind human evaluations to claim the top spot on the Artificial Analysis text-to-video leaderboard.

While OpenAI has announced it is shuttering its text-to-video Sora app, the category continues to see intense competition as a flurry of video models improve with more realistic physics and cinematic effects.

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OpenAI: Our new AI tool is too dangerous to release, too!

This week, Anthropic warned that it had developed a new model that was too dangerous to cybersecurity to be released to the public.

According to a new report, OpenAI is saying similar things about a new cybersecurity tool it is working on (separate from its rumored forthcoming Spud model).

Axios wrote that OpenAI is allowing a small group of partners to test its new AI tool, which has “advanced cybersecurity capabilities.”

The realization that we have arrived at an era of powerful new AI models that could overwhelm current cybersecurity defenses is spooking investors, with cybersecurity stocks like Cloudflare, Zscaler, CrowdStrike, and Palo Alto Networks all down sharply this morning.

Axios wrote that OpenAI is allowing a small group of partners to test its new AI tool, which has “advanced cybersecurity capabilities.”

The realization that we have arrived at an era of powerful new AI models that could overwhelm current cybersecurity defenses is spooking investors, with cybersecurity stocks like Cloudflare, Zscaler, CrowdStrike, and Palo Alto Networks all down sharply this morning.

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