Chinese autonomous driving company Pony.ai submitted its red herring prospectus to the U.S. Securities and Exchange Commission on November 14, Eastern Time, officially starting the initial public offering (IPO) process. Pony.ai plans to list on NASDAQ under the stock code 'PONY' with the goal of becoming the 'first global Robotaxi stock.' This IPO will issue 15 million American Depositary Shares (ADS), with a pricing range of $11 to $13 per ADS. If the underwriters fully exercise their over-allotment option...

Wenyuan Zhixing officially launched its new generation mass-produced Robotaxi — GXR on October 15. GXR draws on more than 1,800 days of public operation experience in the Robotaxi field, featuring L4 level public road driving capability, and can handle complex scenarios such as morning and evening rush hours, mixed traffic, and high-speed driving at night. The Wenyuan Zhixing GXR is equipped with comprehensive redundancy systems for architecture, F-O line control chassis, computing units, and braking, effectively avoiding single point failures. It also features the new HPC 2.0 high-performance computing platform.

At the Warner Bros. Studios in Burbank, California, Tesla's launch event themed "We, Robot" took place as scheduled, capturing the attention of tech enthusiasts worldwide. This highly anticipated event not only showcased Tesla's latest breakthroughs in autonomous driving but also marked a moment of fulfillment for CEO Elon Musk's long-standing promises. Image source: The star of the Tesla launch event—the Tesla Robotaxi finally unveiled its mystery. Musk personally arrived at the venue in a CyberCab, demonstrating the revolutionary vehicle in action.

Tesla will officially release the Robotaxi (driverless taxi) named 'Cybercab' on October 11th, Beijing time. Tesla CEO Elon Musk stated that this launch event will go down in history, and he believes it is one of the most important moments for Tesla since the Model 3. Domestically, several companies such as Didi, Pony.ai, and AutoX have actively laid out plans for the Robotaxi business. Traditional automakers like SAIC and GAC are also advancing related projects. Tesla's entry is expected to accelerate the development of Robotaxi in

Today, Tesla held the 'WE, ROBOT' launch event, where Musk made a stunning appearance driving a two-door coupe, instantly capturing everyone’s attention with its iconic gullwing door design. During the event, Musk revealed that the showcased Tesla Robotaxi is named Cybercab, which innovatively removes the steering wheel and pedals. The anticipated price is set to be user-friendly, keeping it under $30,000, and production is planned to begin in 2026.

Tesla CEO Elon Musk has proposed seeking board approval to invest $5 billion in his artificial intelligence startup, xAI. This move may heighten the conflicts of interest between Musk's companies, including SpaceX and Neuralink, which develops brain-computer interfaces. Tesla is transforming into a robotics and AI company, planning to establish a fleet of autonomous 'robotaxis' and humanoid robots powered by this technology. xAI has raised $6 billion and is valued at $18 billion, aiming to catch up with OpenAI and Anthropic.

Tesla's Q2 2024 financial report indicates that the company's revenue was $25.5 billion, a 2% year-over-year increase. However, net profit saw a significant 45% decline to $1.494 billion. Net profit attributable to common shareholders was $1.478 billion, with diluted earnings per share of $0.42, a 46% decrease year-over-year. Adjusted earnings per share were $0.52, a 43% decrease, falling short of analyst expectations.Revenue from the automotive business was $19.878 billion, a 7% decrease year-o