Tesla shares sink
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Tesla, Elon Musk
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Tesla plans to offer a chauffeur-style service operated by human drivers to a limited number of people in the San Francisco Bay Area, a California regulator said on Friday, contrary to a media report that the EV maker would offer a robotaxi service.
Elon Musk is taking steps to expand his autonomous ride-hailing service to the Bay Area, according to a Business Insider report.
On an event page for a "Tesla Diner SoCal Protest," the organizer, Tesla Takedown, points to Musk's handling of X, saying it boosts conspiracy theories and extremist views. The page also calls out Tesla's Full Self-Driving feature as "fraud."
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Tesla has told California it would expand operations of a chartered transportation service in the Bay Area, a state regulator said on Friday.
President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.
Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to more affordable competitors' offerings.
An earnings miss and Elon Musk warning send the shares of the electric-car maker down. But the company still has all of the components of success in artificial intelligence.
Tesla said on Friday it has received a number of shareholder proposals regarding the automaker investing in CEO Elon Musk's artificial intelligence startup xAI.