This week has been a rollercoaster ride in the tech and automotive sectors. From Tesla’s Full Self-Driving (FSD) technology finally making its way to China, to Nvidia powering Uber’s robotaxi fleet, there’s been no shortage of exciting developments.
Let’s dive into the top stories of the week.
Tesla’s FSD Technology Arrives In China
After years of ambiguity, Tesla Inc. has finally launched its Full Self-Driving (FSD) technology in China. The announcement came via a post on Tesla’s official handle, listing China among the ten countries where the Supervised FSD service is now available. However, Tesla did not provide further details about the technology or its rollout in China.
Nvidia Powers Uber’s Robotaxi Fleet
During an earnings call, Nvidia Corporation CEO Jensen Huang revealed that the company’s partnership with Uber will power the robotaxi fleet across nearly 30 cities and 4 continents by 2028. Huang also highlighted Nvidia’s physical AI push, which will enhance robotics, autonomous vehicles, and embedded medical instruments.
New House Bill Proposes Annual Fee For EV Owners
A bipartisan bill introduced in the U.S. House of Representatives proposes an annual fee on EV owners to fund road maintenance. The BUILD America 250 Act seeks an annual fee of $130 for EV owners and $35 for Plug-In Hybrid Electric Vehicles (PHEVs), with an annual increase of $5.
Rivian’s R2 Launch Nears As Stock Drops
Despite a 31% drop in stock, Rivian Automotive is gearing up for the launch of its R2 vehicles. Customers who have reserved R2 vehicles can now customize their orders on the company’s website, selecting paint color and additional features.
Ryanair Forecasts No Jet Fuel Shortages Despite Iran War
Ryanair Holdings plc has stated that it does not anticipate any jet fuel supply shortages due to the ongoing Iran war. The airline also expects fare prices to fall in the coming months, although it warned that unit costs could surge if jet fuel costs remain at current levels.
Boeing’s Courtroom Victory
In a significant legal victory, Boeing Co. has been cleared in a $153 million 737 MAX fraud trial. LOT Polish Airlines had accused the aviation giant of concealing details about changes to the aircraft’s flight-control system, known as MCAS, before delivering the jets last decade.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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